Succession-Related Mortality Among Small Firms in Nigeria

A strong consensus exists among analysts of the small business sector of developing economies that this sector is characterised by phenomenally high business mortality. Extant efforts at explaining this volatility have focused pre-eminently on economic factors. Such preoccupation with economic fact...

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Bibliographic Details
Main Author: Sam, Monibo A
Other Authors: Kilby, Peter
Format: Article
Language:English
Published: The Journals of Entrepreneurship 1998
Subjects:
Strategies Of Succession
Succession Planning
Business Mortality
Entrepreneurship
Online Access:http://library.ediindia.ac.in:8181/xmlui/handle/123456789/1407
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999 |c 25942  |d 25942 
100 |a Sam, Monibo A 
245 |a Succession-Related Mortality Among Small Firms in Nigeria  |c Sam, Monibo A. 
260 |c 1998  |b The Journals of Entrepreneurship 
300 |a 133-151 
520 |a A strong consensus exists among analysts of the small business sector of developing economies that this sector is characterised by phenomenally high business mortality. Extant efforts at explaining this volatility have focused pre-eminently on economic factors. Such preoccupation with economic factors in the analysis of the instability of the small business sector has had a crippling effect on the ability of analysts to explore other potential but non-economic sources of instability. In this article, the authors venture into the relatively uncharted terrain of succession analysis using longitudinal data on small firms in Nigeria. They found that most of the closures were succession-related, occurring in the mature age of firms. These firms exhibited longevity uncharacteristic of firms in this sector: the instability that typifies the sector may coexist with extraordinary survival capacity. These are preliminary findings that, if sustained by subsequent studies, portend major implications for research and policy in this sector. 
650 |a Strategies Of Succession 
650 |a Succession Planning 
650 |a Business Mortality 
650 |a Entrepreneurship 
700 |a Kilby, Peter 
773 |a The Journal of Entrepreneurship  |d Jul-Dec 
856 |u http://library.ediindia.ac.in:8181/xmlui/handle/123456789/1407 
942 |2 ddc  |c AR 

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