An evaluation of gender equality in family business succession in south-western Nigeria

Abstract

The study evaluated gender equality factors influencing succession in family business. Specifically, the study examined gender factors influence on family business succession planning in Nigeria. Primary data, obtained through personal interview on sampled CEOs and questionnaire administered on CEOs, management and senior officers of identified family business firms in southwestern Nigeria, were analysed with the aids of descriptive statistical tools. Findings revealed that the traditional principles of primogeniture, gender stereotypes and women invincibility are speedily giving ways to women professionality, entrepreneurial sagacity and resourcefulness that are improving their capacity to excel in previously male-dominated business landscape. The study concludes that gender equality is capable of facilitating economic development, and that given equal chances women are confidently throwing up better performances in the field of business and hence should be encouraged through proper education, less discrimination and equal opportunities with their male counterpart.