The Relationship between Spousal Co-ownership of Shares and Corporate Governance Level

Abstract

Amid continual societal advancement, a growing number of women have assumed roles in the business realm, co-owning shares with their spouses and managing family businesses, which in turn exhibit varying qualities of operational administration. This study selects family businesses listed on A-shares between 2010 and 2021, with an initial sample studied extensively through multiple regression analysis. The empirical examination discerns the influence of spousal co-ownership of shares on corporate governance levels. The results indicate that businesses with spousal co-ownership tend to have a higher percentage of familial involvement, with suboptimal internal quality control, not conducive to the elevation of governance levels. In conclusion, the author provides policy recommendations for government entities and anticipates the future rationalization of corporate structures.