Islamic financial decision-making among SMEs in the Sultanate of Oman: An adaption of the theory of planned behaviour

Yasmeen Al Balushi, Stuart Locke and Zakaria Boulanouar ()

Journal of Behavioral and Experimental Finance, 2018, vol. 20, issue C, 30-38

Abstract: Adapting the theory of planned behaviour to the area of Islamic financial decisions among SMEs, we argue that nonfinancial factors such as SME owner-manager attitudes, subjective norms, perceived behavioural control and behavioural intentions largely affect the financial decisions of SMEs. A hierarchical multiple regression with a sample size of 385 SMEs supports this study’s behavioural approach to understanding financing decisions. While the factors mentioned above acted as stimuli for SME decision-making, religiosity was shown to negatively affect behavioural intention to adopt Islamic financial instruments (IFI). Implications of financial decisions, specifically around Islamic finance and ideas for future research, are discussed.

Keywords: SMEs; Islamic finance decision-making; Theory of planned behaviour; Religiosity (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:beexfi:v:20:y:2018:i:c:p:30-38

DOI: 10.1016/j.jbef.2018.06.001

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