"Cooperative husband and wife" and family business performance—Empirical research based on listed companies from 2012 to 2019

Abstract

Based on 2096 sample data of family-owned listed companies in my country from 2012 to 2019, this paper empirically analyzes the influence of characteristics such as the collaborative governance and political connection of husband and wife leaders on corporate performance. The study found that: The collaborative governance characteristics of husband and wife leaders significantly promote the performance of family listed companies, that is, husband and wife collaborative governance can improve corporate performance; in such family listed companies, the political connection of husband and wife leaders is conducive to promoting family business performance growth. The empirical results expand the research on family business performance, especially from the perspective of husband and wife controllers to verify that the characteristics of husband and wife are an important factor in promoting the growth of enterprise performance, indicating that the effective cooperation between male and female entrepreneurs and a good political background are conducive to the effective operation and sustainability of enterprises. How private enterprises break through the predicament and achieve sustainable and stable development has an important enlightening role.