Effect of Succession Planning on the Sustainability of Family Owned Businesses Evidence From Plateau State, Nigeria

What is it about?

The study examines the impact of succession planning (SP) on the sustainability of family-owned businesses (FOBs) within Plateau State, Nigeria,The results substantiate the generational theory’s assertion that family enterprises prioritize legacy and continuity across generations. Additionally, the socio-emotional wealth theory is supported, as FOBs value non-economic aims, encompassing family harmony and the integrity of their business reputation.

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