DETERMINANTS OF FINANCIAL RESILIENCE AMONG FAMILY-OWNEDBUSINESSES DURING THE POST-SUBSIDY ERA IN NORTH WEST NIGERIA
Keywords:
Determinant, Family business, Financial Resilience, North West, Post-Subsidy era.Abstract
This study assessed financial resilience among family-owned businesses during the postsubsidy era in North West Nigeria. The research employed an explanatory design, utilising a
structured questionnaire to collect data from 411 owner-managers of family businesses,
selected through multistage sampling. The study adopted Partial Least Square Structural
Equation Modelling (PLS-SEM) to analyse the data and test the hypotheses. The findings
revealed that Innovation, Diversification and Cash Flow Practice exerted positive and
statistically significant effect on financial resilience. However, the effect of financial structure
was found not to be statistically significant. Based on the findings, the recommendations
included maintaining a balanced financial structure for long-term stability, prioritizing
innovative practices, actively pursuing diversification, and enhancing cash flow management.