Is Working with Your Spouse Good for Business? The Effect of Working with Your Spouse on Profit for Rural Businesses

Springer Science and Business Media LLC - 2017
Tia Michelle McDonald1, Maria I. Marshall2, Michael S. Delgado2
1Economics Department, Ohio University, Athens, USA
2Department of Agricultural Economics, Purdue University, West Lafayette, USA

Tóm tắt

The goal of this article is to uncover more precise and unbiased estimates of the relationships between relationship satisfaction, a copreneurial business structure, and profit. Because of the suspected simultaneity between profit levels, the choice to be copreneurial and relationship satisfaction, a multivariate recursive probit is used to test for endogeneity between these variables. The results of the empirical analysis suggest that spouses self-select into a copreneurial business structure depending on the level of satisfaction they feel in their interpersonal relationships. Additionally, copreneurial businesses with high relationship satisfaction are more likely to have higher profit than if they were non-copreneurial.

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