Are Couple-Run Companies More Profitable than Professionally Managed Firms?
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While it is generally accepted that family businesses are different from professionally managed companies, little is known about companies led or owned by married couples. Usually, the following types of spousal entrepreneurial activities are considered: the solo entrepreneur with a supporting spouse; dual entrepreneurs, each of them with an independent venture; and copreneurs where both spouses are involved (De Bruin, A. Copreneurship. In J. Greenhaus, and G. Callanan (Eds.), Encyclopedia of career development, 2006). While past research on couple-run enterprises focused on social support, work and family conflicts, or communication between spouses, little research has been devoted to examining copreneurial firm performance. Spousal relationships in companies may have beneficial as well as harmful consequences.
The positive effects of the couples’ relationship are often attributed to the fact that resource transactions between spouses (money, effort, and time) may contribute to...
JEL ClassificationsM13 M21
This work was supported by the Internal Grant Agency of the University of Economics in. Prague, project no. F3/101/2014 “Sectoral Analysis of Family Businesses in the Czech Republic”.