國立虎尾科技大學 |

Motivations for Planning : = Uncovering the Inhibitors to the Adoption of Comprehensive Financial Planning for Business Owners.

Record Type:	Language materials, manuscript : Monograph/item
Title/Author:	Motivations for Planning :/
Reminder of title:	Uncovering the Inhibitors to the Adoption of Comprehensive Financial Planning for Business Owners.
Author:	Gilham, Daniel R.
Description:	1 online resource (122 pages)
Notes:	Source: Dissertations Abstracts International, Volume: 85-06, Section: A.
Contained By:	Dissertations Abstracts International85-06A.
Subject:	Finance. -
Online resource:	click for full text (PQDT)
ISBN:	9798381144314

Motivations for Planning : = Uncovering the Inhibitors to the Adoption of Comprehensive Financial Planning for Business Owners.
Gilham, Daniel R.

Motivations for Planning :Uncovering the Inhibitors to the Adoption of Comprehensive Financial Planning for Business Owners. - 1 online resource (122 pages)

Source: Dissertations Abstracts International, Volume: 85-06, Section: A.

Thesis (D.B.A.)--University of South Florida, 2023.

Includes bibliographical references

Though comprehensive financial planning is well-known terminology, it is not a well-known or adopted concept. Broadly, financial planning is associated with investment management, but this approach is changing. Most research on financial planning is confined to the benefits, or process, behind planning. For business owners, coordinated, comprehensive financial planning should include the founder's largest, most concentrated financial asset, the business they are running. The underlying motivations and bias that inhibit business owners from engaging in a comprehensive financial planning relationship has not been heavily researched. In this dissertation, I studied business owner inhibitors to the adoption of comprehensive financial planning and methods financial advisors can use to avoid them through Elaborated Action Design Research (eADR), which involved the creation and testing of a conceptual model through interviews with business owners and financial advisors. From the conceptual model, I developed and tested an explanatory model before developing a framework that included three separate artifacts: Business Owner Intake Questionnaire, Profiling and Categorization process for business owners, and a Questioning Sequence. Then, I tested the framework via two case study scenarios. The result of this research study is a framework to help business owners avoid the associated inhibitors to adoption of comprehensive financial planning as well as a more comprehensive understanding of business owner and financial advisor motivations for comprehensive financial planning. This research enables financial advisors to more effectively engage business owners in the planning process, ultimately leading to larger professional practices. Additionally, it enables business owners to develop a higher level of confidence in financial advisors' ability to assist them through the various business cycles and liquidity plans, leading to higher levels of clarity in achieving their financial objectives.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2024

Mode of access: World Wide Web

ISBN: 9798381144314Subjects--Topical Terms:

559073
Finance.
Subjects--Index Terms:

Design scienceIndex Terms--Genre/Form:

554714
Electronic books.

Motivations for Planning : = Uncovering the Inhibitors to the Adoption of Comprehensive Financial Planning for Business Owners.
LDR:03502ntm a22004217 4500 001 1152427
005 20241203090550.5
006 m o d
007 cr mn ---uuuuu
008 250605s2023 xx obm 000 0 eng d
020 $a 9798381144314
035 $a (MiAaPQ)AAI30694520
035 $a AAI30694520
040 $a MiAaPQ $b eng $c MiAaPQ $d NTU
100 1 $a Gilham, Daniel R. $3 1479416
245 1 0 $a Motivations for Planning : $b Uncovering the Inhibitors to the Adoption of Comprehensive Financial Planning for Business Owners.
264 0 $c 2023
300 $a 1 online resource (122 pages)
336 $a text $b txt $2 rdacontent
337 $a computer $b c $2 rdamedia
338 $a online resource $b cr $2 rdacarrier
500 $a Source: Dissertations Abstracts International, Volume: 85-06, Section: A.
500 $a Advisor: Hevner, Alan;Hammond, Robert.
502 $a Thesis (D.B.A.)--University of South Florida, 2023.
504 $a Includes bibliographical references
520 $a Though comprehensive financial planning is well-known terminology, it is not a well-known or adopted concept. Broadly, financial planning is associated with investment management, but this approach is changing. Most research on financial planning is confined to the benefits, or process, behind planning. For business owners, coordinated, comprehensive financial planning should include the founder's largest, most concentrated financial asset, the business they are running. The underlying motivations and bias that inhibit business owners from engaging in a comprehensive financial planning relationship has not been heavily researched. In this dissertation, I studied business owner inhibitors to the adoption of comprehensive financial planning and methods financial advisors can use to avoid them through Elaborated Action Design Research (eADR), which involved the creation and testing of a conceptual model through interviews with business owners and financial advisors. From the conceptual model, I developed and tested an explanatory model before developing a framework that included three separate artifacts: Business Owner Intake Questionnaire, Profiling and Categorization process for business owners, and a Questioning Sequence. Then, I tested the framework via two case study scenarios. The result of this research study is a framework to help business owners avoid the associated inhibitors to adoption of comprehensive financial planning as well as a more comprehensive understanding of business owner and financial advisor motivations for comprehensive financial planning. This research enables financial advisors to more effectively engage business owners in the planning process, ultimately leading to larger professional practices. Additionally, it enables business owners to develop a higher level of confidence in financial advisors' ability to assist them through the various business cycles and liquidity plans, leading to higher levels of clarity in achieving their financial objectives.
533 $a Electronic reproduction. $b Ann Arbor, Mich. : $c ProQuest, $d 2024
538 $a Mode of access: World Wide Web
650 4 $a Finance. $3 559073
653 $a Design science
653 $a Founders
653 $a Trust
653 $a Wealth advisors
653 $a Wealth management
653 $a Financial planning
653 $a Business owners
655 7 $a Electronic books. $2 local $3 554714
690 $a 0508
690 $a 0310
690 $a 0501
710 2 $a ProQuest Information and Learning Co. $3 1178819
710 2 $a University of South Florida. $b Business Administration. $3 1181134
773 0 $t Dissertations Abstracts International $g 85-06A.
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=30694520 $z click for full text (PQDT)