FINANCIAL MANAGEMENT PRACTICES IN FAMILY-OWNED BUSINESSES
- Project Research
- 1-5 Chapters
- Quantitative
- Simple Percentage
- Abstract : Available
- Table of Content: Available
- Reference Style: Available
- Recommended for : Student Researchers
- NGN 5000
Abstract: FINANCIAL MANAGEMENT PRACTICES IN FAMILY-OWNED BUSINESSES
This study investigates financial management practices in family-owned businesses. Objectives include identifying unique financial challenges faced by family-owned businesses, evaluating effective financial management strategies, and assessing the impact of these practices on business performance. A survey research design is used to collect data from financial managers in family-owned businesses. Using Taro Yamane's formula, a sample size of 250 family-owned businesses in Lagos, Nigeria, was determined. The reliability coefficient score of the survey instrument is 0.88. Findings indicate that family-owned businesses face unique financial challenges, such as succession planning and resource allocation, but effective financial management practices can significantly enhance their performance. Recommendations include adopting formal financial management structures and practices to ensure long-term sustainability and growth.
Related Project Materials
An assessment of nurses’ role in managing gestational hypertension in University of Port Harcourt Teaching Hospital
Background of the Study
Gestational hypertension, a condition that occurs during pregnancy, is one of the most common pr...
AN ASSESSMENT OF PHOTOGRAPHS AND CARTOONS AS COMMUNICATION INSTRUMENTS
ABSTRACT
Photographs in news stories can stimulate opinion change, either making a reader love the good advertised, or m...
An Investigation of the Relationship Between GDP and FDI Inflows in Nigeria
Background of the Study
Foreign Direct Investment (FDI) is a pivotal element in the global economic landscape, influencing...
Evaluation of the Role of Mobile Devices in Enhancing Learning in Secondary Schools in Makurdi Local Government Area, Benue State
Background of the Study
Mobile devices have become an integral part of modern education due to their portability, access...
An investigation of students’ perception of sex education in secondary schools in Ibadan South-West Local Government Area, Oyo State
Background of the Study
Sex education in secondary schools is a subject of ongoing debate, reflecting diverse cultural, so...
An assessment of the availability and use of instructional materials in STEM subjects in Gusau LGA, Zamfara State
Background of the Study
The availability and effective use of instructional materials are crucial determinants of aca...
Assessing the Role of Government Policies in Promoting Energy Efficiency in Nigeria
Background of the Study
Energy efficiency is a critical component of sustainable development, enabling co...
THE IMPACT OF LIQUIDITY MANAGEMENT ON COMMERCIAL BANK PROFITABILITY
ABSTRACT
This study examined The Impact of Liquidity Management on Commercial...
An Examination of the Role of Nurses in Preventing Nosocomial Infections in Kaduna State
ProBackground of the Study
Nosocomial infections, also known as hospital-acquired infections (HAIs), are infections that patients acquire...
A STUDY OF THE CAUSES AND EFFECTS OF STRESS ON SECRETARY'S JOB PERFORMANCE IN BUSINESS ORGANIZATIONS
ABSTRACT
The purpose of this work was to find out the effects of stress on the secretary’s job performance. A ques...
