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Factors Influencing the Firm Performance of Small and Medium Enterprises: A Case Study of Mogadishu, Somalia

Year: 2025

Type: article

Abstract: Small and Medium Enterprises (SMEs) play a major role in the country’s economies, particularly in developing countries where SMEs contribute particularly to the employment era and are an essential channel to poverty decline. This study investigates the influential factors (Social, Cultural, Innovation, Human Resources, Local Government) affecting the Firm Performance of Small and Medium Enterprises in Mogadishu, Somalia. Data for the current study has been gathered through a structured questionnaire from 218 SMEs in Mogadishu, Somalia. Diagnostic tests, confirm the reliability and validity of the data used in the current study. The findings of the study showed that all factors (Social, Cultural, Innovation, Human Resources, Local Government) positively and particularly influence the financial performance of Small and Medium Enterprises (SMEs) in Mogadishu, Somalia. The study suggests that policymakers and businesses consider key contributing factors for the performance of SMEs, especially in Somalia.

Source: journal of social sciences review

DOI: 10.62843/jssr.v5i1.469

Authors: Mohamed Dahir Muse, Wajid Alim, Saleh Nawaz Khan, Muhammad Ejaz Majeed, Shahid Manzoor Shah

Institution: University of Lahore

Language: English

Topic: Entrepreneurship Studies and Influences

Subfield: Management of Technology and Innovation

Field: Business, Management and Accounting

Domain: Social Sciences

SDGs: Decent work and economic growth, Industry, innovation and infrastructure

Open Access status: diamond

OpenAlex ID: W4408202094

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