Family Dynamic and Family Business Financial Performance: Spousal Commitment

This article views the survival of a family business as partially dependent on spousal commitment. The decision to launch a business should depend not only on analysis of the opportunity, but also on the degree to which one's spouse shares a common vision about the goals, risks, and rewards of...

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Bibliographic Details
Published in:Family business review Vol. 19; no. 1; pp. 49 - 63
Main Authors: Van Auken, Howard, Werbel, James
Format: Journal Article
Language:English
Published: Los Angeles, CA SAGE Publications 01.03.2006
Blackwell Publishing Ltd
SAGE PUBLICATIONS, INC
Subjects:
Careers
Couples
Decision making
Entrepreneurs
Family owned businesses
Financial performance
Hypotheses
Studies
Success
ISSN:0894-4865, 1741-6248
Online Access:Get full text
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Summary:This article views the survival of a family business as partially dependent on spousal commitment. The decision to launch a business should depend not only on analysis of the opportunity, but also on the degree to which one's spouse shares a common vision about the goals, risks, and rewards of the business. Models and testable hypotheses are developed to guide empirical research on the antecedents and consequences of spousal commitment to a family business. The models can benefit individuals considering the launch of a business, couples that currently own a business, business consultants, and university instructors teaching entrepreneurship courses.
Bibliography:SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 14
ISSN:0894-4865
1741-6248
DOI:10.1111/j.1741-6248.2006.00059.x