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Article
Publication date: 19 June 2017

Tarek El Masri, Matthäus Tekathen, Michel Magnan and Emilio Boulianne

Family firms possess dual identities, being the family and the business, which can be segmented and integrated to various degrees. This study examines whether and how…

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Abstract

Purpose

Family firms possess dual identities, being the family and the business, which can be segmented and integrated to various degrees. This study examines whether and how management control technologies are calibrated to fit into the dual identities of family firms.

Design/methodology/approach

A qualitative study of 20 family firms was conducted using semi-structured, in-depth interviews with owner-managers, drawings of mental maps and publicly available information. The notion of calibration was developed and used, with its three components of graduation, purpose and reference, as an organizing device for the interpretive understanding of the management control usage and its relation to family firms’ dual identities.

Findings

The study finds that the use of calculative, family-centric and procedural management controls – in sum the pervasive use of management control technologies – are associated with a professionalization of the family firm, a foregrounding of the business identity and a reduction of the disadvantageous side of familiness. In comparison, the pragmatic and minimal use of management control technologies are found to be associated with an emphasis on family identity. It transpires as liberating, engendering trust and unfolding a familial environment.

Research limitations/implications

Because results are derived from a qualitative approach, they are not generalizable at an empirical level. By showing how the use of management control technologies is calibrated with reference to family firms’ dual identities, the paper reveals the perceived potency of control technologies to affect the identity of firms.

Practical implications

The study reveals how family firms perceive management control technologies as strengthening their business identity while weakening their family identity. Thereby, this study provides an account of how management control technologies are expected to change the identity of firms.

Originality/value

This paper contributes to the management control and family business literatures because it uncovers how management control technologies are calibrated in reference to family firms’ dual identities. It shows that calculative, family-centric and procedural management controls are used to professionalize the firm and strengthen its business identity as well as to reduce the negative effects of the family identity. The paper also illustrates how the liberating force of using pragmatic and minimal control technologies can serve to give prominence to the family identity.

Details

Qualitative Research in Accounting & Management, vol. 14 no. 2
Type: Research Article
ISSN: 1176-6093

Keywords

Article
Publication date: 4 August 2021

Ahmed Ebrahim and Tarek Abdelfattah

This study aims to critically analyze the fundamentals of the current major Islamic Finance (IF) instruments and contracts in light of both the foundations of IF and the…

Abstract

Purpose

This study aims to critically analyze the fundamentals of the current major Islamic Finance (IF) instruments and contracts in light of both the foundations of IF and the concept of substance over form in the accounting conceptual framework. Such analysis is believed to be necessarily for the IF institutions to provide better and more genuine service to their customers.

Design/methodology/approach

To achieve the study purpose, the methodology is based on theoretical analysis and analytical review of the major IF contracts.

Findings

The IF industry needs to focus on the economic substance of the products offered to their clients. In developing and promoting their products, IF institutions need to focus on the ultimate and substantial goals of Islamic Sharia rather than re-packaging existing conventional products under different arrangements and formats to make them appear as Sharia-compliant to their clients. Both religious scholars and IF professionals need to engage in much deeper analysis and understanding of the substantial design of IF instruments and the concept of usury in modern economy.

Research limitations/implications

This paper does not intend to develop a comprehensive framework for the design of IF instruments to meet the economic substance and ultimate goals of IF principles or measure such economic substance. However, that is definitely a subject for further research.

Originality/value

By applying concepts like substance over form from other business fields such as the accounting theoretical framework to the IF instruments and contracts, we should gain better understanding and practical implications of these instruments and figure out ways to improve their design to be more consistent with and better serve the ultimate goals of the Islamic Sharia.

Details

Journal of Islamic Accounting and Business Research, vol. 12 no. 6
Type: Research Article
ISSN: 1759-0817

Keywords

Article
Publication date: 4 January 2021

Faisal Faqih, Tarek Zayed and Ghasan Alfalah

A building deteriorates over time due to aging, wear and tear, and inadequate maintenance. Building diagnosis requires a sound knowledge of engineering, building defects…

Abstract

Purpose

A building deteriorates over time due to aging, wear and tear, and inadequate maintenance. Building diagnosis requires a sound knowledge of engineering, building defects, and detection tools to assess the condition of a building. The physical deterioration of a building reduces its ability to perform its intended function, while environmental deterioration influences the comfort and health of building occupants. This study presents a multi-tiered framework for the inspection of building elements and the environmental conditions of a building.

Design/methodology/approach

A three-tiered building inspection framework is proposed in this study, which consists of the following: Tier-I—a preliminary inspection, Tier-II—a detailed inspection, and Tier-III—an expert investigation. Each tier of inspection assesses the severity of building defects using different technologies for different levels of inspection.

Findings

Proposed multi-tier inspection framework is tested and implemented on a case study. Results were promising, with organized data management on a common platform for both physical and environmental condition inspection having the potential to save time.

Originality/value

The application program developed for the implementation of structured multi-tiered building inspection provides better documentation and data management for building inspection data that can save time involved in manual data operations in traditional paper-based processes.

Details

International Journal of Building Pathology and Adaptation, vol. 40 no. 1
Type: Research Article
ISSN: 2398-4708

Keywords

Article
Publication date: 15 March 2022

Mahmoud Elmarzouky, Khaled Hussainey, Tarek Abdelfattah and Atm Enayet Karim

This paper aims to provide unique interdisciplinary research evidence between the risk information disclosed by auditors and the risk information disclosed by corporate…

Abstract

Purpose

This paper aims to provide unique interdisciplinary research evidence between the risk information disclosed by auditors and the risk information disclosed by corporate managers. In particular, it investigates the association between the level of risk information disclosed by auditors (key audit matters [KAMs]) and the level of corporate narrative risk disclosure.

Design/methodology/approach

The study sample consists of the UK FTSE all-share non-financial firms across six financial years. The authors use a computer-aided textual analysis, and the authors use a bag of words to score the sample annual reports.

Findings

The results suggest that KAMs and corporate narrative risk disclosure levels vary across the industries. The authors found a significant positive association between the risk information disclosed by auditors and the risk information disclosed by corporate managers. Also, the authors found that FTSE 100 firms exhibit higher significance between the ongoing concern and the level of narrative risk disclosure.

Practical implications

The study approach helps assess the level of management risk reporting behaviour due to the new auditor risk reporting standards. This helps to emphasise how auditors and companies engage and communicate risk-related information to stakeholders. Standard setters should suggest a more detailed reporting framework to protect the shareholders. The unique findings are incredibly beneficial to the regulators, standard setters, investors, creditors, suppliers, customers, decision makers and academics.

Originality/value

This paper provides a shred of extraordinary evidence of the impact of auditor risk reporting and management risk reporting. To the best of the authors’ knowledge, no study has yet investigated the corporate narrative disclosure after the new audit standards ISA 700 and ISA 701.

Details

International Journal of Accounting & Information Management, vol. 30 no. 2
Type: Research Article
ISSN: 1834-7649

Keywords

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