Financial and relationship predictors of family business goal achievement

Sharon M. Danes, Nita Fitzgerald, Kevin C. Doll

Research output: Contribution to journalArticlepeer-review

13 Scopus citations

Abstract

The purpose of this study was to investigate the relationship among financial decision involvement, assertive conflict mode, and goal achievement for farm family business husbands and wives. For wives, managing finances and tension over finances predicted decision involvement, income adequacy perception predicted assertive conflict mode, and age, off-farm employment, income adequacy perception, locus of control, managing finances and tensions over finances predicted goal achievement. For husbands, age, off-farm employment, and managing finances predicted financial decision involvement, tensions over finances predicted assertive conflict mode, and age, off-farm employment, locus of control, income adequacy perception, and assertive conflict mode predicted goal achievement.

Original languageEnglish (US)
Pages (from-to)43-52
Number of pages10
JournalJournal of Financial Counseling and Planning
Volume11
Issue number2
StatePublished - Jan 1 2000

Keywords

  • Conflict mode
  • Family business finances
  • Family relations
  • Financial decisions
  • Goals

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