International Journal of Social Science & Economic Research
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Title:
THE EFFECT OF PREDECESSOR RELATED FACTORS ON SURVIVAL OF FAMILY-OWNED BUSINESSES

Authors:
EBINIYI, Olufunmilayo Olajiire and OGUNRO, Victor Olukayode (Ph.D)

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EBINIYI, Olufunmilayo Olajiire and OGUNRO, Victor Olukayode (Ph.D)
Department Of Business Administration & Management, Rufus Giwa Polytechnic, Owo, Ondo State, Nigeria

MLA 8
Olajiire, EBINIYI, Olufunmilayo, and OGUNRO, Victor Olukayode. "THE EFFECT OF PREDECESSOR RELATED FACTORS ON SURVIVAL OF FAMILY-OWNED BUSINESSES." Int. j. of Social Science and Economic Research, vol. 8, no. 7, July 2023, pp. 1730-1750, doi.org/10.46609/IJSSER.2023.v08i07.005. Accessed July 2023.
APA 6
Olajiire, E., & Olukayode, O. (2023, July). THE EFFECT OF PREDECESSOR RELATED FACTORS ON SURVIVAL OF FAMILY-OWNED BUSINESSES. Int. j. of Social Science and Economic Research, 8(7), 1730-1750. Retrieved from https://doi.org/10.46609/IJSSER.2023.v08i07.005
Chicago
Olajiire, EBINIYI, Olufunmilayo, and OGUNRO, Victor Olukayode. "THE EFFECT OF PREDECESSOR RELATED FACTORS ON SURVIVAL OF FAMILY-OWNED BUSINESSES." Int. j. of Social Science and Economic Research 8, no. 7 (July 2023), 1730-1750. Accessed July, 2023. https://doi.org/10.46609/IJSSER.2023.v08i07.005.

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ABSTRACT:
The study examined the effect of predecessor related factors on survival of family-owned businesses in southwest, Nigeria. A survey research design was adopted for the study. The population of the study comprised family-owned businesses in Southwest, Nigeria. The sample size was 267 using convenience sampling technique. Primary data used for the study were gathered through the administration of well-structured questionnaire. Data gathered were analyzed using standardized regression model. The result showed that predecessor’s related factor significantly affects survival of family-owned businesses as it was significant (t=1.389, t=4.842, t=2.138, t=3.159 and t=2.285, p<0.05).In conclusion, it was shown that all the variables were significantly and positively related to survival of family-owned businesses in Southwest Nigeria. Based on the analysis and findings of the research recommendations were made.

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