The paper examines the impact of sustainability on the performance of family-owned businesses (FOBPs) in Nigeria, and it evaluates the influence of economic and environmental responsibility on FOBPs. The study employs a survey research design and a study population of 11,643 small-scale businesses operating in Lagos State, Nigeria. Multi-stage sampling was adopted for the study; the sample size was determined using Raosoft's sample size, and 387 samples were selected. The study adopts a regression statistical technique analysis to test hypotheses using SPSS. The findings revealed that economic responsibility has a significant influence on family-owned business performance; (ECOR) (0.6351) is positive and significant at 5%, showing that ECOR has a positive and significant impact on FOBP and environmental responsibility; (ENVR) (0.6296) is positive and significant at 5%, showing that ENVR have positive significant relationship on FOBP. The combine effect has similar results. Hence, the study revealed that FOB operators need to be more concerned about improving its economic and environmental responsibilities to fulfill its obligations.
OJODU et al. (Fri,) studied this question.