期刊名称:International Journal of Economics and Finance Studies
电子版ISSN:1309-8055
出版年度:2019
卷号:11
期号:2
页码:53-71
出版社:Social Sciences Research Society
摘要:The high failure rate among family businesses in South Africa is a
cause for concern, given the impact and significance that these
businesses have on society and the economy as a whole. Improper – or
a lack of – succession planning and estate planning among family
businesses is considered the most pressing reason why family
businesses fail. The purpose of this study was to investigate the factors
that influence family business owners’ intention to seek estate
planning assistance from a financial planning professional. The four
factors that were identified as influencing family business owners’
intention to seek estate planning assistance were awareness, family
financial norms, trust, and potential benefits. A questionnaire was
developed based on the valid and reliable items. Statistical techniques,
including descriptive statistics, Cronbach’s alpha coefficients, and
multiple regression analysis were performed on data gathered from
148 family businesses. The results of this study showed that three of
the four factors – family financial norms, trust, and awareness – were
found to exert a significant influence on family business owners’
intention to seek estate planning assistance.