Ugwu, Felix Ikechukwu, PhD1 & Nnadi, Chikezie Sunday Onoh, PhD2
Authors
Affiliation
1st 2nd
Department of Business Administration, Enugu State University of Science and Technology, Enugu State, Nigeria
Abstract
The study evaluated the ownership authority and performance of business enterprises in Enugu State. The specific objectives of the study are to; examine the relationship between right to possess and the survival of business enterprises and evaluate the relationship between dispose of property and the output of business enterprises in Enugu State. The area of the study comprised of five (5) selected business enterprises of food and beverage manufacturing firms in Enugu state. The choice of the firms was due to high number of staff, Capital base above 13 million naira. The study used the descriptive survey design approach. The primary source of data was the administration of questionnaire. A total population of 918 selected employees of the study organisations. The adequate sample size of two hundred and Seventy (270) using Freund and William’s statistic formula at 5 percent margin of error. Two hundred and forty seven (247) staff returned the questionnaire and accurately filled. Data was presented and analyzed by mean score and standard deviation using Sprint Likert Scale. The hypotheses were analyzed using Pearson correlation coefficient (r). The findings indicated that Right to possess had significant positive relationship with the survival of business enterprises r(95, n = 247), .699 < .791, P. <.05) and Dispose of property had significant positive relationship with the output of business enterprises in Enugu State r(95, n = 247), .483 < .738,P. <.05). The study concluded that Right to possess and dispose of property had significant positive relationship with the survival and output of business enterprises in Enugu State. The study recommended among others that the management of the business enterprises should protect the right of a person to the control, possession, retention or custody of a chattel against interference by another person without lawful justification.
Keywords:Ownership Authority; Performance; Business Enterprises; Enugu State
