Effect of Choice of Successor on Post Succession Business Survival: Evidence from Small and Medium-Scale Family Enterprises in Osun state, Nigeria

Authors

  • Masoje O.M. Akpor-Robaro Department of Business Administration & Marketing Redeemer’s University, Ede, Nigeria

DOI:

https://doi.org/10.15379/ijmst.v11i1.3673

Keywords:

Post-Succession, Small and Medium Scale, Successor Characteristics, Family Business Survival, Choice of Successor

Abstract

The study examined the effect of the choice of successor on post succession business survival of small and medium-scale family enterprises. The study employed survey research design with the use of primary data obtained from small and medium-scale family enterprises in Osun State, Nigeria, through the instrument of questionnaire. A sample of 150 small and medium-scale enterprises drawn from five LGAs using both purposive and random sampling approach was adopted. The study adopted  inferential analytic methods of factor analysis and general linear regression. The t-test statistic, at 0.05 level of significance showed t-value of 11.026, at p =0.000. The study therefore concluded that there is significant relationship between entrepreneurial succession decision (choice of successor) and business survival of  small and medium-scale family enterprises, and recommended that succession decision should aim at individuals who possess the characteristics that enable business survival.   

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Published

2022-11-27

How to Cite

[1]
M. O. . Akpor-Robaro, “Effect of Choice of Successor on Post Succession Business Survival: Evidence from Small and Medium-Scale Family Enterprises in Osun state, Nigeria”, ijmst, vol. 9, no. 2, pp. 165-175, Nov. 2022.

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Articles