Ownership Structure and Performance of Entrepreneurial Firms in Nigeria

Worlu, Rowland E.K. and Evioghenesi, Marylyn and Ajagbe, Akintunde M. and Okoye, Lawrence U. (2015) Ownership Structure and Performance of Entrepreneurial Firms in Nigeria. International Journal of Economics And Business Management, 1 (3).

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Abstract

This study was carried out to examine the relationship between the ownership structure and the performance of entrepreneurial firms in Nigeria. In addition, it examined some of the issues in the ownership structure that also affect business performance with a view to proffering appropriate suggestions to entrepreneurial managers.This study adopted the descriptive analytic method of research and relied on both primary and secondary sources of data. The data were collated, analyzed quantitatively and the findings presented in a descriptive manner. Samples for this study were drawn from small and medium scale enterprises within Lagos and Ogun states of Nigeria using the simple random sampling method.The findings confirm that there is a significant relationship between ownership structure and performance of entrepreneurial small and medium sized firms in Nigeria. This study recommends that relevant government agencies should intensify efforts at boosting the knowledge capital capacity of entrepreneurial firms through enlightenment, and to create opportunities for training for entrepreneurial managers. Entrepreneurial managers could also consider mergers or become subsidiaries to larger organizations as an option to ensure survival, good performance, and firm profitability.

Item Type:	Article
Uncontrolled Keywords:	Knowledge Capital, Small and Medium Sized Firms, Ownership Structure, Performance, Entrepreneurial Firms
Subjects:	H Social Sciences > H Social Sciences (General)
Divisions:	Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User:	Mrs Patricia Nwokealisi
Date Deposited:	24 Sep 2015 11:11
Last Modified:	29 Jun 2017 15:25
URI:	http://eprints.covenantuniversity.edu.ng/id/eprint/5485

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