UPSI Digital Repository (UDRep)
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Abstract : Universiti Pendidikan Sultan Idris |
Small and Medium Enterprises (SMEs) play an important role across all industries and are the
key contributor to the achievements in the national and global economies. The objective of this
study is to investigate the effect of risk management awareness on financial performance of
Small and Medium Enterprises (SMEs) in Oman by focusing on the relationship between the
factors of risk management awareness towards the impact on financial performance in Oman.
The study adopts a quantitative research approach using primary survey. Data in this study were
collected via questionnaire which was administered to 400 respondents drawn from among
Oman-based SMEs. The data analysis was conducted through a quantitative analysis involving
descriptive analysis and One-Way Analysis of Variance (ANOVA). The findings of regression
analysis showed significant effect of risk management decision on financial performance in
Oman. The findings further showed a significant effect of risk management strategies,
orientation, and education on financial performance of SMEs in Oman. However, findings
showed no significant effect of risk management method on financial performance of SMEs in
Oman. The study recommends continuous development of skills and capacity of the workforce
in supporting the growth and development of businesses. This can be done through the
reformation of health, transport, and ICT sectors with the influences of factors like SMEs’ risk
management decision, method, strategies, orientation, and education. |
References |
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