Insights on Sustainability of Small and Medium Enterprises in Oman: A Conceptual Framework

Mohammed Ali Alqassabi
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Mohammed Ali Alqassabi: Public Authority for Social Insurance, P.O. Box: 310, PC: 115 Muscat, Oman.

International Journal of Economics and Financial Issues, 2020, vol. 10, issue 1, 209-218

Abstract: This paper provides insights on the sustainability of small and medium enterprises (SMEs) in Oman and presents a conceptual framework for the government support to the SMEs. The paper adopted a sequential mixed method of interviews and structured questionnaire including 390 SMEs. Non-parametric techniques of Chi-square test and spearman rank correlation were used. The challenges facing SMEs in Oman include: The rules and regulations of doing business, the competition, and the lack of access to finance. The study also found that there is a positive correlation between government support and sustainability of SMEs in Oman. From the perspective of the government, supporting the SMEs is strategic to diversity the national economy and reduce the unemployment among the youths. This support includes marketing, financial, advisory, management, technical and infrastructural. However, many of the owners of the SMEs were not aware of these supports and raised issues regarding the procedures, laws, regulation and sufficiency of these supports.

Keywords: Small and Medium Enterprises; Sustainability; Government Support; Non-parametric Methods; Oman (search for similar items in EconPapers)
JEL-codes: E24 G38 L26 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ1:2020-01-26

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