DO BETTER RECORDS MEAN BETTER RETURNS: EXAMINING THE IMPACT OF RECORD-KEEPING PRACTICES ON SME PERFORMANCE

Lenin Kumar Nooney

International Journal of Social Science, Management and Economics Research - IJSSMER, 2026, vol. 4, issue 4

Abstract: This study examines the influence of record-keeping practices on the financial performance of SMEs in Nizwa, Oman, focusing on Accuracy, Completeness, Timeliness, Security and Data Protection, Compliance with Regulatory Standards, Use of Technology, and Auditability. A quantitative descriptive survey was conducted among 173 SMEs using a researcher-developed questionnaire validated through expert review and pilot testing. Data were analyzed using descriptive statistics, reliability analysis, correlation, and multiple regression. The findings indicate that SMEs exhibit strong traditional record-keeping practices, although technology adoption remains limited. Overall, record-keeping practices significantly influence financial performance. Among the dimensions examined, Auditability showed a significant positive effect on Return on Assets (ROA). The study was limited to SMEs in Nizwa and relied on cross-sectional, self-reported data. The findings suggest that strengthening auditability and promoting digital record-keeping can enhance SME performance. This study provides context-specific evidence on record-keeping practices and SME performance in Oman.

Keywords: Financial; Economics (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ijssme:414528

DOI: 10.22004/ag.econ.414528

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