Family Business and the Nigerian Economy: A Critical Review

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dc.contributor.authorWale-Oshinowo, B.
dc.date.accessioned2021-12-30T20:34:49Z
dc.date.available2021-12-30T20:34:49Z
dc.date.issued2017
dc.descriptionScholarly articlesen_US
dc.description.abstractObjectives: The aim of this paper is to examine the importance of family businesses globally and their relevance to the Nigerian economy, especially with the growing economic challenges the country is currently experiencing. Prior Work: Family businesses occupy a large proportion of the business landscape of most developed nations of the world (Pearson, Carr & Shaw, 2008); both empirical and the theoretical evidence abound in the literature linking family businesses to the economic growth of these countries (Zahra, 2005). This has made the study of family business become both an important line of enquiry and a fully developed research field in the last two decades in developed economies such as the United States of America, UK, Germany, and Japan. Approach: This paper is based on a critical and extensive review of the literature on family businesses drawn from historical, theoretical and empirical studies carried out across different countries Implications: This paper’s aim is to identify and examine the distinctiveness and dynamism of family businesses may be one of the timeliest and most appropriate measures taken to achieve the focus of developing other sectors of the Nigerian Economy. Paying deliberate attention to this form of business may be pivotal to increasing economic wealth and job creation especially during the rapidly spreading harsh economic climate. It also highlights the linkage between family business and diversification of the Nigerian Economy at the National Level. Value: In this review paper, an attempt is made to draw the attention of management scholars and academics in Nigeria to the possible prevalence of family businesses in Nigeria and its importance to achieving the proposed diversification of the Nigerian economy if the required attention is paid to themen_US
dc.identifier.citationWale-Oshinowo, B. (2017). Family Business and the Nigerian Economy: A Critical Review. Nigerian Academy of Management Journal. 11(1): 32-41en_US
dc.identifier.urihttps://ir.unilag.edu.ng/handle/123456789/9807
dc.language.isoenen_US
dc.publisherNigerian Academy of Management Journalen_US
dc.subjectPrevalenceen_US
dc.subjectLongevityen_US
dc.subjectEconomic Growthen_US
dc.subjectDiversificationen_US
dc.subjectFamily Businessen_US
dc.subjectResearch Subject Categories::SOCIAL SCIENCES::Social sciencesen_US
dc.titleFamily Business and the Nigerian Economy: A Critical Reviewen_US
dc.typeArticleen_US
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