THE MODERATING EFFECT OF SUCCESSION PLANNING ON INHERITANCE CULTURE AND BUSINESS SURVIVAL OF SELECTED FAMILYOWNED SCHOOLS IN SOUTH-WEST, NIGERIA

Family-owned schools have been grappling with several challenges, including their ability to survive over a long period and achieve their set objectives. The poor rate of survival of these schools is a continuing source of concern considering the dominant roles played by these family businesses in m...

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Bibliographic Details
Published in:Academy of Entrepreneurship journal 2021-01, Vol.27 (4), p.1-15
Main Authors: Okoh, Emmanuel E, Worlu, Rowland E, Oyewunmi, Olabode A, Falola, Hezekiah O
Format: Article
Language:English
Subjects:
Culture
Employment
Entrepreneurship
Family owned businesses
Generations
Inheritances
Investigations
Succession planning
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Summary:Family-owned schools have been grappling with several challenges, including their ability to survive over a long period and achieve their set objectives. The poor rate of survival of these schools is a continuing source of concern considering the dominant roles played by these family businesses in most developing economies like Nigeria. Hence, the study investigated the moderating effect of succession planning on inheritance culture and business survival of selected family-owned schools in South-West, Nigeria. The study adopted a survey design method, and it was descriptive. A quantitative approach of data collection was also adopted for this study and 357 out of 500 copies of the questionnaire, representing a 71.4% response rate, were analysed using Smart PLS 3.0. The study revealed that succession planning moderates the relationship between inheritance culture and family business survival at (ß= 0.374, t-statistics=4.359>1.96, P-value =0.000
ISSN:1087-9595
1528-2686