This study investigates, based on the resource-based theory, the differences in financial performance of small- and medium-sized accounting practices (SMPs). Survey data of Belgian heads of SMPs was collected, by asking about personal characteristics regarding education and experience (representing human capital resources), firm size, service types provided, cooperation, and communication (representing organisational capital resources). The results demonstrate practitioners how to efficiently allocate their scarce resources to increase their accounting firms’ performance. Additionally, the study’s insights are another reason for including communications, teamwork, and lifelong learning skills in the education of future accountants.
Verplancke, F., De Bruyckere, S., Everaert, P., Coppens, C., and Blondeel, E. (2023). Small and medium-sized accounting practices (SMPs): Explaining financial performance based on human capital and organizational resources. Accounting in Europe, https://doi.org/10.1080/17449480.2023.2241871.