Author(s): Masoje O.M. Akpor-Robaro
The study examined the relationship between entrepreneurial succession decision (the choice of successor) and post succession survival of micro and small-scale family enterprises. The study employed survey research design with the use of primary data obtained from micro and small-scale family enterprises in Lagos and Ogun States, Nigeria, through the instrument of questionnaire. A sample of 150 micro and small-scale enterprises drawn from both states using both purposive and random sampling approach was surveyed. The data obtained were analyzed using inferential analytic methods of factor analysis and general linear regression. The hypotheses were tested using the t-test statistic, at 0.05 level of significance. The test showed significant relationship between successor characteristics and micro and small-scale family business survival with a t-value=10.026, p=0.000. The study therefore concluded that there is significant relationship between entrepreneurial succession decision (choice of successor) and business survival of micro and small-scale family enterprises, and recommended that succession decision should aim at individuals who possess the characteristics that enable business survival. However, the study noted a number of limitations in the model used for the investigation and recommended that attention be drawn to the gaps in further studies.