JOURNAL OF BUSINESS LEADERSHIP AND MANAGEMENT

ISSN NO : 2995-620X

The Journal of Business Leadership and Management is committed to advancing the understanding of effective leadership and management practices in the dynamic landscape of business. Our journal aims to provide a platform for academics, practitioners, researchers, and thought leaders to share insights, research findings, and strategies that contribute to informed decision-making and organizational success.

Submit Your Article Editorial Board
  • 591
    Views
  • 0
    CrossRef citations to date

THE ROLE OF FINANCIAL INSTITUTIONS IN PROMOTING ENTREPRENEURSHIP AND ECONOMIC GROWTH

1 Department Of Economics And Finance, College Of Economics, Management And Information Systems, University Of Nizwa,,Oman

Volume 1

Issue 1

Page: [17 - 25]

Published Online: October 9, 2023

Download Full Article ()
Creative Commons

  • Abstract

    Financial Institutions Have A Significant Role In Fostering Entrepreneurship, Economic Development, And The Expansion Of Small And Medium-Sized Businesses. They Provide Entrepreneurs With Funding Options Such As Loans, Venture Capital, And Crowdfunding So That They Can Invest In New Technology, Expand Their Operations, And Create Employment. In Addition To Providing Entrepreneurs With Counselling, Training, And Networking Opportunities, Financial Institutions Also Offer Support Services Such As Business Mentoring. In Addition, They Manage Both Their Own And Their Customers' Risks By Adhering To Regulations And Policies. In Addition To Collaborating With Other Organisations, Financial Institutions Cultivate An Entrepreneurial Ecosystem That Encourages Innovation And Entrepreneurship. Financial Institutions Assist SME Entrepreneurs In Launching And Expanding Successful Businesses, Thereby Generating Jobs And Contributing To Economic Expansion.

    Keywords: Financial Institutions Entrepreneurship Economic Growth

  • Figures

    Figure Image

  • References

      • [1] Acharya, V., Engle III, R. F., and Richardson, M. 2016. Capital shortfall: A new approach to ranking and regulating systemic risks. Journal of Financial Stability, 27: 235-247.
      • [2] Demirguc-Kunt, A., and Klapper, L. 2018. Financial inclusion in a changing world. World Bank Research Observer, 33(2): 167-196.
      • [3] Fink, J., and Steffen, S. 2018. The risk of financial institutions. Annual Review of Financial Economics, 10: 61-81.
      • [4] Lin, J., Sun, X., and Wu, J. 2018. Fintech innovation and financial inclusion: Evidence from China. Journal of Business Research, 89: 206-214.
      • [5] Ongena, S., Popov, A., and Udell, G. F. 2019. Making sense of fintech credit markets around the world. Journal of Financial Perspectives, 7(3): 17-27.
      • [6] Silva, T. C., and de Souza, R. M. 2018. Financial inclusion and entrepreneurship: The role of mobile money in Tanzania. International Journal of Entrepreneurship, 22(4): 1-14.
      • [7] Zhou, Y., and Leng, T. 2018. Fintech and financial inclusion in China: The status quo and future prospects. Frontiers of Business Research in China, 12(1): 1-13.
      • [8] Al-Maskari, A. (2021). Examining the Role of Financial Institutions in Promoting Entrepreneurship and Economic Growth in Oman. Journal of Open Innovation: Technology, Market, and Complexity, 7(2), 136. https://doi.org/10.3390/joitmc7020136
      • [9] Al Mamari, S., & Al Ghassani, M. (2018). Role of Financial Institutions in Entrepreneurial Development: An Overview of Oman. Journal of Economic Development, Management, IT, Finance and Marketing, 10(2), 44-57.
      • [10] Al-Azri, N., & Al-Habsi, H. (2019). The Impact of Financial Institutions on Entrepreneurship and Economic Growth in Oman. International Journal of Business and Management, 14(7), 40-50.
      • [11] Al-Balushi, A., & Al-Busaidi, K. (2019). Financing Small and Medium Enterprises (SMEs) in Oman: The Role of Financial Institutions. International Journal of Economics and Financial Issues, 9(4), 184-192.
      • [12] Al-Harrasi, A. S., & Al-Hinai, H. (2017). The Role of Financial Institutions in Promoting Entrepreneurship in Oman: An Empirical Study. International Journal of Economics, Commerce and Management, 5(11), 98-108.
      • [13] Al-Mahrizi, S., & Al-Habsi, A. (2018). The Role of Financial Institutions in Promoting Entrepreneurship in Oman. International Journal of Scientific and Research Publications, 8(5), 295-300

  • Article Metrics

    Views

    591

  • Copyright and Permissions

    At Guinness Press, authors retain the copyright for all articles published in our journals. These articles are licensed under the open-access Creative Commons CC BY 4.0 license, granting free access for reading and download. Additionally, the original published version must be appropriately cited when reusing or quoting the article. These terms ensure widespread accessibility while ensuring proper attribution to the authors.

    All content published by Guinness Press is safeguarded by international copyright and intellectual property regulations. We kindly request that you honor these protections when utilizing our materials.

    For further information, please contact us at info@guinnesspress.org.