Cultural Meanings of Resource Management for Mexican–Americans

Danes, Sharon M.; Meraz, Antonio Alba; Landers, Ashley L.

doi:10.1007/s10834-015-9476-x

Cited by 10 publications

(6 citation statements)

References 31 publications

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“…As Muske and Winter ( 2001 ) posited, the case study approach depends on in-depth interviews; these allow the researcher to understand the experiences of individuals, and the meaning of such experiences to them. In addition, as Danes et al’s ( 2016 ) research carried out among families residing in the United States acknowledged, qualitative interviews help investigate contextual processes, and reveal dynamic processes. Nonetheless, it is also important to note the value, content and context provided by observations and document analysis.…”

Section: Methodsmentioning

confidence: 99%

Family Businesses and Adaptation: A Dynamic Capabilities Approach

2018

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The main objective of this research was to propose a framework centred on the dynamic capabilities approach, and to be applied in the context of family businesses’ adaption to their changing business environment. Data were gathered through interviews with ten FBs operating in Western Australia. Based on the findings, the clusters of activities, sensing, seizing, and transforming emerged as key factors for firms’ adaptation, and were reinforced by firms’ open culture, signature processes, idiosyncratic knowledge, and valuable, rare, inimitable and non-substitutable attributes. Thus, the usefulness of the proposed framework was confirmed. Implications and future research opportunities are presented.

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Section: Methodsmentioning

confidence: 99%

Family Businesses and Adaptation: A Dynamic Capabilities Approach

2018

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“…The management of family resources is basically the conditioning of resources for goals (Goldsmith, 1996). While resources represent the material and human means derived from production activities within the family and interaction with other systems outside the family, management is a combination of social, physical, psychological, spiritual and cultural characteristics that enable holistic decision-making (Danes et al, 2016). How individuals develop financial behaviors and make financial decisions is explained in four steps: input, efficiency, output, and feedback (Mireku et al 2023).…”

Section: Extended Summary the Impacts Of Financial Resource Managemen...mentioning

confidence: 99%

Türkiye’de Finansal Kaynak Yönetiminin Finansal Kaygılar Üzerine Etkileri

Özbilge,

Canatan,

Ipek

2024

Eskişehir Osmangazi Üniversitesi İktisadi Ve İdari Bilimler Dergisi

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Bu çalışmanın amacı, yaşlılık, ödemeler, sağlık ve eğitimden kaynaklanan dört yaygın finansal kaygı biçimine ek olarak bunların tümünü içeren toplam finansal kaygı ve COVID-19 kaynaklı finansal kaygıların muhtemel nedenlerinin Türkiye örneklemi için araştırılmasıdır. Aile Kaynak Yönetim Modeli çerçevesinde ele alınan ve açıklanan finansal davranış, finansal dayanıklılık, sosyal yardımlar ve sosyoekonomik faktörlerin ampirik dayanakları ise 2021 Global Findex veri setinden, sıralı logit model kullanılarak elde edilmiştir. Elde edilen bulgular, Türkiye’de finansal kaygıların azaltılmasının yalnızca gelir artışıyla değil finansal kaynak yönetimini de gerektiren finansal davranışlar ve dayanıklılıkla da ilişkili olduğunu göstermektedir.

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“…In the context of immigration, where immigrants’ economic prospects are stymied by the confluence of racial capitalism and the threat of forced removal (Flores & Schachter, 2018 ; Gómez Cervantes, 2021 ; Melamed, 2015 ), Mexican Americans meet their financial needs on their own terms. Leveraging collectivist cultural values, centering experiential knowledge, and tapping into funds of cultural wealth carried over from their home country, they create access to financial capital (Danes et al, 2016 ; Saad-Lessler & Richman, 2014 ; Yosso, 2005 ).…”

Section: Literature Reviewmentioning

confidence: 99%

The Tanda: An Informal Financial Practice at the Intersection of Culture and Financial Management for Mexican American Families

Quiñones

Grier‐Reed

2023

J Fam Econ Iss

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Tandas, the Mexican variation of lending circles, are an informal financial practice used among Mexican American communities. Tandas are an important asset in families’ resource management strategies, yet the practice is largely unrecognized in the resource management literature and devalued by traditional financial institutions. A qualitative study was conducted to investigate tanda participation of twelve Mexican American individuals across the midwestern United States. This study aimed to develop a better understanding of participants’ motivations to enter, the other financial management strategies employed by participants, and the tanda’s significance to family resource management. Findings revealed that participants’ motivations to participate in a tanda relate to financial accessibility and cultural preferences; participants utilize a range of complementary financial management strategies concurrently with the tanda; and participants perceived the tanda as conducive to their family’s financial goals and well-being, despite acknowledging the risks associated with participation. Developing a better understanding of the tanda provides insights into the ways culture serves as a conduit through which family and individual goals are realized, financial capability is bolstered, and uncertainty wrought by economic and political contexts is reduced.

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Cultural Meanings of Resource Management for Mexican–Americans

Cited by 10 publications

References 31 publications

Family Businesses and Adaptation: A Dynamic Capabilities Approach

Family Businesses and Adaptation: A Dynamic Capabilities Approach

Türkiye’de Finansal Kaynak Yönetiminin Finansal Kaygılar Üzerine Etkileri

The Tanda: An Informal Financial Practice at the Intersection of Culture and Financial Management for Mexican American Families

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