Chief Executive Officer with Machiavellianism Trait and Survival of Family-owned Businesses in South-South, Nigeria

Stanfast Suotonye Barnabas and Marian Lawrence Apoh
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Stanfast Suotonye Barnabas: Department of Management, Faculty of Management Sciences, Niger Delta University, Wilberforce Island, Amassoma. Bayelsa State, Nigeria
Marian Lawrence Apoh: Department of Management, Faculty of Management Sciences, Niger Delta University, Wilberforce Island, Amassoma. Bayelsa State, Nigeria

International Journal of Science and Business, 2021, vol. 5, issue 1, 14-29

Abstract: Family-owned businesses (FOBs) are seen as a major contributor to economic growth and development in the global economy. It has nothing to do with the important role they continue to play in job creation, the growth of business enterprises in communities, and the growth of gross domestic product (GDP). Sadly, in addition to their national development efforts, only a small percentage of these family-owned businesses survive the second and third generations. This astonishing practice worries many scholars who claim that these failures are embedded in poor asset systems, incompetence of the management team, poor transformation plans, etc. CEOs and the survival of these family-owned businesses was limited. This multidisciplinary study examined the personality traits of CEOs in Machiavellianism in the southern region of Nigeria and the survival of family-owned businesses. This study is tied to the Sustainable Family Business Theory (SFBT). The study consisted of 628 people, with 289 participants from hotels in the southern region of Nigeria. A structural model used for data analysis, CEO Machiavellianism points out that personality traits are negatively related to the survival of family-owned businesses.

Keywords: Personality trait; Survival; Machiavellianism; Adaptability; Dynamic Capability; Competitiveness (search for similar items in EconPapers)
Date: 2021
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