Zuiker, Lee, Olson, Danes, Dik & Katras, Business, Family, and Resource Intermingling Characteristics as Predictors of Cash Flow Problems in Family-Owned Businesses


Zuiker, V. S., Lee, Y. G., Olson, P. D., Danes, S. M., Dik, A. N. V. & Katras, M. J. (2002).  Business, family, and resource intermingling characteristics as predictors of cash flow problems in family-owned businesses. Financial Counseling and
Planning
, 13(2), 65-81.




Business, Family, and Resource Intermingling Characteristics as Predictors of Cash Flow Problems in Family-Owned Businesses

Virginia S. Zuiker
1
, Yoon G. Lee
2
, Patricia D. Olson
3
, Sharon M. Danes
4
, Amy N. Van Guilder Dik
5
,
and Mary Jo Katras
3


Cash flow problems of 673 family-owned businesses from a nationally representative sample were investigated. The final model of the 3-step hierarchical binary logistic regression was used to predict the probability of the occurrence of cash flow problems in the business, household, and the business and household simultaneously. Business system, family system, and resource intermingling variables contributed to the explanation of cash flow problems in the business, household, or in both entities. Findings indicate that when resources are intermingled across systems, assessing the well-being of one system is incomplete without assessing the other system among family-owned businesses.

Key words: Family-owned business, Cash flow problems, Resource intermingling, Family business finances, Cash flow problems in family-owned business


1. Virginia S. Zuiker, Assistant Professor, Family Social Science Department, College of Human Ecology, University of Minnesota, 1985 Buford Avenue, St. Paul, MN 55108. Phone: 612-625-4225. Fax: 612-625-4227. E-mail: vzuiker@che.umn.edu

2. Yoon G. Lee, Assistant Professor, Department of Family, Consumer, and Human Development, 2905 Old Main Hill, Utah State University, Logan, UT 84322-2905. Phone: 435-797-1555. Fax: 435-797-3845. E-mail: yoonlee@cc.usu.edu

3.  Patricia D. Olson, Associate Capacity Area Leader – College of Human Ecology, University of Minnesota Extension Service, 1985 Buford Avenue, St. Paul, MN 55108, Phone: 612- 624-1786. Fax: 612-625-6285. E-mail: pdolson@che.umn.edu

4. 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

5. Amy N. Van Guilder Dik, graduate student, Family Social Science Department, College of Human Ecology, University of Minnesota, 1985 Buford Avenue, St. Paul, MN 55108. Phone: 612-625-1981. Fax: 612-625-4227. E-mail: vang0474@umn.edu

6. Mary Jo Katras, Research Associate, Family Social Science Department, College of Human Ecology, University of Minnesota, 1985 Buford Avenue, St. Paul, MN 55108. Phone:612-624-7262. Fax: 612-625-4227. E-mail: bart0425@umn.edu

This study reports results from the Cooperative Regional Research Project, NE-167R, ‘Family Businesses: Interaction in Work and Family Spheres,’ partially supported by the Cooperative States Research, Education and Extension Service, U.S. Department of Agriculture, and the Experiment Stations at University of Hawaii at Manoa, University of Illinois, Purdue University (Indiana), Iowa State University, Michigan State University, University of Minnesota, Montana State University, University of Nebraska, Cornell University (New York), North Dakota State University, The Ohio State University, The Pennsylvania State University, Texas A & M University, Utah State University, The University of Vermont, University of Wisconsin-Madison, and the Social Sciences and Humanities Research Council of Canada (for The University of Manitoba).


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