Financial And Relationship Predictors Of Family Business Goal Achievement

Written By: Sharon M. Danes, Nita Fitzgerald and Kevin C. Doll

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. Key words: Conflict mode, Family business finances, Family relations, Financial decisions, Goals

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