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Type :thesis
Subject :HF5601 Accounting
Main Author :Al Qubtan, Taha Redha Taqi
Title :The effect of risk management a awareness on financial performance of small and medium enterprises in Oman
Place of Production :Tanjong Malim
Publisher :Fakulti Pengurusan dan Ekonomi
Year of Publication :2023
Corporate Name :Universiti Pendidikan Sultan Idris
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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.

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