Family members employed by their families’ firms earn 4.5pc less, on average, than employees of non-family businesses, but their job enjoyment tends to be greater — they are 4.1pc more satisfied than other employees with similar wages, according to a study of companies in 14 countries by Joern H. Block of the University of Trier in Germany and three colleagues. Although working in the family business can be a setup for interpersonal conflict, family members derive important emotional benefits from their work.

(Source: Entrepreneurship Theory and Practice)

Published in Dawn, Business & Finance weekly, November 30th, 2015