Role of SMEs in Oman: Perspectives of future Employment and Protection Policy Response

SMEs is consider as an important component of economic development, create job opportunities, and bring innovation and social welfare. Empirical evidence shows that SMEs plays a major role in creating employment in developed countries. In developing countries there are mixed results-- there is no di...

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Autores principales:	Mondal Swadhin, Al-Shukaili Abdullah, Kassim Norizan Mohd, Zain Mohd
Formato:	article
Lenguaje:	EN FR
Publicado:	EDP Sciences 2021
Materias:	smes labor market challenges projection of job opportunities gem oman Social Sciences H
Acceso en línea:	https://doaj.org/article/77b2f9ca2ff5468da6977b26b570e8fc
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spelling	oai:doaj.org-article:77b2f9ca2ff5468da6977b26b570e8fc2021-12-02T17:15:22ZRole of SMEs in Oman: Perspectives of future Employment and Protection Policy Response2261-242410.1051/shsconf/202112411002https://doaj.org/article/77b2f9ca2ff5468da6977b26b570e8fc2021-01-01T00:00:00Zhttps://www.shs-conferences.org/articles/shsconf/pdf/2021/35/shsconf_icmesh2020_11002.pdfhttps://doaj.org/toc/2261-2424SMEs is consider as an important component of economic development, create job opportunities, and bring innovation and social welfare. Empirical evidence shows that SMEs plays a major role in creating employment in developed countries. In developing countries there are mixed results-- there is no direct relation between entrepreneurship and employment growth. However, there are very few studies investigates the links between the growth of SMEs and the growth of employment creation in oil dependent economy. Present study investigates the growth of future employment creation across the size of SMEs by using recent survey data conducted by Global Entrepreneurship Monitor (GEM) in Oman. Regression analysis was used to examine the association with future job creation and other factors influencing job creation. Study found that early stage entrepreneurs expecting to provide more than two times of current level of employment by next 5 years. However, established business (EB) entrepreneur’s expected employment growth is negative. This means that after 5 years’ job opportunity will be reduced in established SMEs. Our regression result shows that the male entrepreneur who have higher level of qualification and earning higher income from the business are more likely to create more jobs in next 5 years and so. The study also found that the self-perceived innovation and creativity have positive and significant relation with job creation in future. However, the skills, experience and optimism towards business environment have negative relation with future job creation.Mondal SwadhinAl-Shukaili AbdullahKassim Norizan MohdZain MohdEDP Sciencesarticlesmeslabor market challengesprojection of job opportunitiesgemomanSocial SciencesHENFRSHS Web of Conferences, Vol 124, p 11002 (2021)
institution	DOAJ
collection	DOAJ
language	EN FR
topic	smes labor market challenges projection of job opportunities gem oman Social Sciences H
spellingShingle	smes labor market challenges projection of job opportunities gem oman Social Sciences H Mondal Swadhin Al-Shukaili Abdullah Kassim Norizan Mohd Zain Mohd Role of SMEs in Oman: Perspectives of future Employment and Protection Policy Response
description	SMEs is consider as an important component of economic development, create job opportunities, and bring innovation and social welfare. Empirical evidence shows that SMEs plays a major role in creating employment in developed countries. In developing countries there are mixed results-- there is no direct relation between entrepreneurship and employment growth. However, there are very few studies investigates the links between the growth of SMEs and the growth of employment creation in oil dependent economy. Present study investigates the growth of future employment creation across the size of SMEs by using recent survey data conducted by Global Entrepreneurship Monitor (GEM) in Oman. Regression analysis was used to examine the association with future job creation and other factors influencing job creation. Study found that early stage entrepreneurs expecting to provide more than two times of current level of employment by next 5 years. However, established business (EB) entrepreneur’s expected employment growth is negative. This means that after 5 years’ job opportunity will be reduced in established SMEs. Our regression result shows that the male entrepreneur who have higher level of qualification and earning higher income from the business are more likely to create more jobs in next 5 years and so. The study also found that the self-perceived innovation and creativity have positive and significant relation with job creation in future. However, the skills, experience and optimism towards business environment have negative relation with future job creation.
format	article
author	Mondal Swadhin Al-Shukaili Abdullah Kassim Norizan Mohd Zain Mohd
author_facet	Mondal Swadhin Al-Shukaili Abdullah Kassim Norizan Mohd Zain Mohd
author_sort	Mondal Swadhin
title	Role of SMEs in Oman: Perspectives of future Employment and Protection Policy Response
title_short	Role of SMEs in Oman: Perspectives of future Employment and Protection Policy Response
title_full	Role of SMEs in Oman: Perspectives of future Employment and Protection Policy Response
title_fullStr	Role of SMEs in Oman: Perspectives of future Employment and Protection Policy Response
title_full_unstemmed	Role of SMEs in Oman: Perspectives of future Employment and Protection Policy Response
title_sort	role of smes in oman: perspectives of future employment and protection policy response
publisher	EDP Sciences
publishDate	2021
url	https://doaj.org/article/77b2f9ca2ff5468da6977b26b570e8fc
work_keys_str_mv	AT mondalswadhin roleofsmesinomanperspectivesoffutureemploymentandprotectionpolicyresponse AT alshukailiabdullah roleofsmesinomanperspectivesoffutureemploymentandprotectionpolicyresponse AT kassimnorizanmohd roleofsmesinomanperspectivesoffutureemploymentandprotectionpolicyresponse AT zainmohd roleofsmesinomanperspectivesoffutureemploymentandprotectionpolicyresponse
_version_	1718381266088230912

Role of SMEs in Oman: Perspectives of future Employment and Protection Policy Response

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