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The structure of profit sharing schemes in accounting partnerships

The structure of profit sharing schemes in accounting partnerships This paper explains aspects of profit sharing arrangements in accounting partnerships, including the geographical dispersion of partnerships. It is posited that accounting partnerships sharing profits on a national or international basis are likely to use performance‐based profit sharing rules; whereas local partnerships are likely to share profits equally. This is caused by factors influencing performance monitoring of partners. We propose that the geographical dispersion of profit sharing is determined by the ability to utilise teamwork efficiently across locations. Results show that more geographically disperse partnerships have a greater proportion of their clients that are firm specific, rather than intrinsically linked to any one individual within the partnership. Finally, guidelines for the efficient design of partnership profit‐sharing arrangements are outlined. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Accounting & Finance Wiley

The structure of profit sharing schemes in accounting partnerships

Accounting & Finance , Volume 38 (1) – Jul 1, 1998

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Publisher
Wiley
Copyright
AAANZ 1998
ISSN
0810-5391
eISSN
1467-629X
DOI
10.1111/1467-629X.t01-1-00004
Publisher site
See Article on Publisher Site

Abstract

This paper explains aspects of profit sharing arrangements in accounting partnerships, including the geographical dispersion of partnerships. It is posited that accounting partnerships sharing profits on a national or international basis are likely to use performance‐based profit sharing rules; whereas local partnerships are likely to share profits equally. This is caused by factors influencing performance monitoring of partners. We propose that the geographical dispersion of profit sharing is determined by the ability to utilise teamwork efficiently across locations. Results show that more geographically disperse partnerships have a greater proportion of their clients that are firm specific, rather than intrinsically linked to any one individual within the partnership. Finally, guidelines for the efficient design of partnership profit‐sharing arrangements are outlined.

Journal

Accounting & FinanceWiley

Published: Jul 1, 1998

There are no references for this article.