{"title":"The Financial Superiority of Cooperation in Household Entrepreneurship: Insights From the Chinese Household Financial Survey","authors":"Yixiao Nai, Di Hu, Fei Jin, Beichen Liu","doi":"10.1002/mde.4484","DOIUrl":null,"url":null,"abstract":"<div>\n \n <p>Teamwork is common in entrepreneurship, yet its impact on households remains underexplored. This study investigates the differences in household entrepreneurship outcomes between cooperative and solo ventures. The findings reveal that cooperative entrepreneurship significantly outperforms solo entrepreneurship in financial terms. Cooperative households, by substituting entrepreneurial resources, boost performance through resource sharing. Furthermore, cooperation enhances productivity in small-scale ventures and in regions with strong legal frameworks, driving greater entrepreneurial success. Importantly, the primary motivation for household cooperation often lies in overcoming resource constraints. This paper offers innovative insights and practical strategies to address the resource limitations faced by household enterprises.</p>\n </div>","PeriodicalId":18186,"journal":{"name":"Managerial and Decision Economics","volume":"46 4","pages":"2603-2628"},"PeriodicalIF":2.7000,"publicationDate":"2025-01-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Managerial and Decision Economics","FirstCategoryId":"96","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1002/mde.4484","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
Teamwork is common in entrepreneurship, yet its impact on households remains underexplored. This study investigates the differences in household entrepreneurship outcomes between cooperative and solo ventures. The findings reveal that cooperative entrepreneurship significantly outperforms solo entrepreneurship in financial terms. Cooperative households, by substituting entrepreneurial resources, boost performance through resource sharing. Furthermore, cooperation enhances productivity in small-scale ventures and in regions with strong legal frameworks, driving greater entrepreneurial success. Importantly, the primary motivation for household cooperation often lies in overcoming resource constraints. This paper offers innovative insights and practical strategies to address the resource limitations faced by household enterprises.
期刊介绍：
Managerial and Decision Economics will publish articles applying economic reasoning to managerial decision-making and management strategy.Management strategy concerns practical decisions that managers face about how to compete, how to succeed, and how to organize to achieve their goals. Economic thinking and analysis provides a critical foundation for strategic decision-making across a variety of dimensions. For example, economic insights may help in determining which activities to outsource and which to perfom internally. They can help unravel questions regarding what drives performance differences among firms and what allows these differences to persist. They can contribute to an appreciation of how industries, organizations, and capabilities evolve.
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