Danes, S. M., Fitzgerald, N. & Doll, K. C. (2000). Financial and relationship predictors of family business goal achievement. Financial Counseling and Planning, 11(2), 43-53.

Financial And Relationship Predictors Of Family Business Goal Achievement

Sharon M. Danes1, Nita Fitzgerald2 and Kevin C. Doll3

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, Financial decisions, Goals


1. Sharon M. Danes, Professor, Family Social Science Department, College of Human Ecology, University of Minnesota, 1985 Buford Avenue, St. Paul, MN 55108. Phone: (612) 625-9273. Fax: (612) 625-4227. E-mail: sdanes@che.umn.edu
2. Nita Fitzgerald, Graduate Student, Family Social Science Department, College of Human Ecology, University of Minnesota, 1985 Buford Avenue, St. Paul, MN 55108. Phone: (612) 625-2266. Fax: (612) 625-4227. E-mail: fitz0194@tc.umn.edu
3. Kevin C. Doll, Graduate Student, Family Social Science Department, College of Human Ecology, University of Minnesota, 1985 Buford Avenue, St. Paul, MN 55108. Phone: (612) 624-3732. Fax: (612) 625-4227. E-mail: dollx002@tc.umn.edu

This material is based upon work supported by the Cooperative State Research, Education, and Extension Service, U.S. Department of Agriculture under Agreement No. 95-37401-1820. Any opinion, findings, conclusions, or recommendations expressed in this publication are those of the author and do not necessarily reflect the view of the U.S. Department of Agriculture.