TY - JOUR
T1 - Financial problems and psychological distress
T2 - Investigating reciprocal effects among business owners
AU - Gorgievski, Marjan J.
AU - Bakker, Arnold B.
AU - Schaufeli, Wilmar B.
AU - van der Veen, Hennie B.
AU - Giesen, Carin W.M.
PY - 2010/6
Y1 - 2010/6
N2 - Building on conservation of resources theory and the dynamic equilibrium model, this three-wave longitudinal study among 260 Dutch agricultural business owners (1-year time intervals) investigated reciprocal relationships between the financial situation of the business and psychological distress. Results of structural equation modelling analyses revealed a negative spiral of farm decline, in which psychological variables played a key role. Experiencing financial problems predicted psychological distress, and acted as a self-fulfilling prophecy by strengthening intentions to quit the business, which predicted a deterioration of the objective financial situation of the business 1 year later. Moreover, farmers experiencing more psychological distress were more likely to get caught in this negative spiral than business owners with better mental health, because they experienced more financial problems, irrespective of their objective financial situation. Long-term psychological distress rather than temporary fluctuations in distress levels accounted for this effect.
AB - Building on conservation of resources theory and the dynamic equilibrium model, this three-wave longitudinal study among 260 Dutch agricultural business owners (1-year time intervals) investigated reciprocal relationships between the financial situation of the business and psychological distress. Results of structural equation modelling analyses revealed a negative spiral of farm decline, in which psychological variables played a key role. Experiencing financial problems predicted psychological distress, and acted as a self-fulfilling prophecy by strengthening intentions to quit the business, which predicted a deterioration of the objective financial situation of the business 1 year later. Moreover, farmers experiencing more psychological distress were more likely to get caught in this negative spiral than business owners with better mental health, because they experienced more financial problems, irrespective of their objective financial situation. Long-term psychological distress rather than temporary fluctuations in distress levels accounted for this effect.
KW - Dynamic equilibrium-model
KW - Negative affectivity
KW - Job characteristics
KW - Farm operators
KW - Stress process
KW - Self
KW - Performance
KW - Depression
KW - Health
KW - Strain
UR - http://www.scopus.com/inward/record.url?scp=77954287046&partnerID=8YFLogxK
U2 - 10.1348/096317909X434032
DO - 10.1348/096317909X434032
M3 - Article
AN - SCOPUS:77954287046
SN - 0963-1798
VL - 83
SP - 513
EP - 530
JO - Journal of Occupational and Organizational Psychology
JF - Journal of Occupational and Organizational Psychology
IS - 2
ER -
