The effect of risk management a awareness on financial performance of small and medium enterprises in Oman
<p>Small and Medium Enterprises (SMEs) play an important role across all industries and are the</p><p>key contributor to the achievements in the national and global economies. The objective of this</p><p>study is to investigate th...
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| Format: | thesis |
| Language: | eng |
| Published: |
2023
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| Subjects: | |
| Online Access: | https://ir.upsi.edu.my/detailsg.php?det=10488 |
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| Summary: | <p>Small and Medium Enterprises (SMEs) play an important role across all industries and are the</p><p>key contributor to the achievements in the national and global economies. The objective of this</p><p>study is to investigate the effect of risk management awareness on financial performance of</p><p>Small and Medium Enterprises (SMEs) in Oman by focusing on the relationship between the</p><p>factors of risk management awareness towards the impact on financial performance in Oman.</p><p>The study adopts a quantitative research approach using primary survey. Data in this study were</p><p>collected via questionnaire which was administered to 400 respondents drawn from among</p><p>Oman-based SMEs. The data analysis was conducted through a quantitative analysis involving</p><p>descriptive analysis and One-Way Analysis of Variance (ANOVA). The findings of regression</p><p>analysis showed significant effect of risk management decision on financial performance in</p><p>Oman. The findings further showed a significant effect of risk management strategies,</p><p>orientation, and education on financial performance of SMEs in Oman. However, findings</p><p>showed no significant effect of risk management method on financial performance of SMEs in</p><p>Oman. The study recommends continuous development of skills and capacity of the workforce</p><p>in supporting the growth and development of businesses. This can be done through the</p><p>reformation of health, transport, and ICT sectors with the influences of factors like SMEs risk</p><p>management decision, method, strategies, orientation, and education.</p> |
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