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

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  • Mohammed Ali Alqassabi

    (Public Authority for Social Insurance, P.O. Box: 310, PC: 115 Muscat, Oman.)

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.

Suggested Citation

  • Mohammed Ali Alqassabi, 2020. "Insights on Sustainability of Small and Medium Enterprises in Oman: A Conceptual Framework," International Journal of Economics and Financial Issues, Econjournals, vol. 10(1), pages 209-218.
    • Handle: RePEc:eco:journ1:2020-01-26
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    References listed on IDEAS

    as
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    2. World Bank, 2019. "Doing Business 2019," World Bank Publications - Books, The World Bank Group, number 30438, December.
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    4. Shouvik Sanyal & Mohammed Wamique Hisam, 2018. "The Role of Business Incubators in Creating an Entrepreneurial Ecosystem: A Study of the Sultanate of Oman," Indian Journal of Commerce and Management Studies, Educational Research Multimedia & Publications,India, vol. 9(3), pages 10-17, September.
    5. Zoltán J. Ács & László Szerb & Esteban Lafuente & Ainsley Lloyd, 2018. "Global Entrepreneurship and Development Index 2018," SpringerBriefs in Economics, Springer, number 978-3-030-03279-1, October.
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    More about this item

    Keywords

    Small and Medium Enterprises; Sustainability; Government Support; Non-parametric Methods; Oman;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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