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Management Issues of Business-Owning Families

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Handbook of Consumer Finance Research

Abstract

This chapter summarizes the literature at the intersection of family and business for households owning a family business. While it may appear that these business-owning households earn higher income and accumulate more wealth, they face the challenges of managing the family/business interface. This chapter utilizes the Sustainable Family Business Model to carefully assesses two critically important dimensions: financial interface, where financial and human resources (typically labor) move between the family and business, and interpersonal relationships interface, where tensions between the family and business must be addressed for the family and business to survive and succeed.

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Author information

Authors and Affiliations

  1. Department of Agricultural Economics and Economics, Montana State University, 210E Linfield Hall, Bozeman, MT 59717, USA

    George W. Haynes

Authors
  1. George W. Haynes
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  2. Sharon M. Danes
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  3. Deborah C. Haynes
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Editor information

Editors and Affiliations

  1. University of Rhode Island Transition Center, 2 Lower College Rd., Kingston, RI 02881, USA

    Jing Jian Xiao Ph.D.

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Haynes, G.W., Danes, S.M., Haynes, D.C. (2008). Management Issues of Business-Owning Families. In: Xiao, J.J. (eds) Handbook of Consumer Finance Research. Springer, New York, NY. https://doi.org/10.1007/978-0-387-75734-6_14

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