Using a sample consisting of 4,997 married couples from the National Survey of Families and Households, individual emotional distress, the occurrence of couple disagreements, couple fighting, and couple quality time together mediated the relationship between financial strain and personal assessments of marital instability. The overall results suggest that financial strain influences both positive and negative forms of couple interaction which are stronger mediators than personal emotional distress of the relationship between financial strain and marital instability. The results further suggest that there were no gender differences among these linkages. Copyright Springer Science+Business Media, LLC 2007Couple interaction, Disagreements, Financial strain, Marital conflict, Marital instability,
This study examines whether emotional spousal support contributes to business owners' perceived work-family balance while launching a family business. Hobfoll's Conservation of Resources theory of stress is applied to 109 family business owners and their spouses. Results from structural equation models support several hypotheses. First, reports of spousal support given are strongly related to reports of support received, suggesting genuine interpersonal transactions of support. Second, the effects of spousal support are confounded until a satisfaction-with-business-communication variable is introduced, revealing competing direct and indirect effects on work-family balance. Finally, business owner work hours have an additive negative effect on work-family balance, suggesting multiple means for maintaining work-family balance.
This longitudinal study finds that spousal capital is an important resource for entrepreneurs starting a business because it has implications for business sustainability and couple relationship quality. Structural equation modeling supported a process whereby gender had an impact on spousal involvement in the business, which was positively associated with dedication to the business, leading to shorter break‐even times, and higher couple relationship quality. Male entrepreneurs were more likely to have a spouse involved in the business compared to female entrepreneurs, which in part, may contribute to the gender gap in the success of new businesses. Study findings have implications for couples seeking to start a business as well as family educators working with such couples.
PurposeThe purpose of this paper is to examine the relationships between personal and family backgrounds, academic ability, childhood consumer experience, financial socialization, financial literacy, and perceived financial well‐being of college students.Design/methodology/approachData were collected using a multi‐stage sampling technique from 11 public and private universities across Malaysia and the sample consists of 2,219 college students. Structural equation modelling was utilized to test the hypotheses.FindingsChildhood consumer experiences such as savings habits contribute to students’ financial well‐being (money saved, current financial situation, and financial management skills). Financial socialization agents, for example, through parents and religion sources could increase college students’ financial well‐being. Financial literacy was related to financial well‐being. There were important differences between the Malay and Chinese ethnic groups in Malaysia.Research limitations/implicationsOverall, implications and recommendations for future research, teaching, and public policy are also provided for parents, college administrators, counselors and educators.Originality/valueThis research provides meaningful information about how various factors (childhood experience, financial socialization, and financial literacy) predict students’ financial well‐being.
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