From financial attitudes to SME financial performance: the roles of financial behaviour and financial inclusion in mogadishu, Somalia
Year: 2026
Type: article
Study design: Observational Study
Abstract: This study examines how financial attitude, financial behaviour, and financial inclusion are associated with the financial performance of small and medium-sized enterprises (SMEs) in Mogadishu, Somalia. Questionnaire data from 215 SME owners, managers, and financial decision-makers selected through non-probability sampling were analysed using partial least squares structural equation modelling (PLS-SEM). Financial attitude represents psychological orientation, financial behaviour reflects financial management practices, and financial inclusion concerns access to financial services. Financial behaviour (β = 0.445, p < 0.001) and financial inclusion (β = 0.379, p < 0.001) were positively associated with performance. Financial attitude had no significant direct association (β = 0.045, p = 0.308), but its indirect association through financial behaviour was significant (β = 0.330, p < 0.001). The model explained 64.2% of performance variance (R² = 0.642) and demonstrated predictive relevance (Q² = 0.532). The findings highlight the relevance of financial management practices and access to financial services for SME performance, informing discussions of sustainable enterprise development under SDGs 8 and 9 without directly measuring SDG achievement. The cross-sectional, self-reported design and non-probability sampling limit generalisability and causal interpretation.
Source: Cogent Business & Management
Institution: Salaam University
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: gold
Estimated APC paid: $1,165
OpenAlex ID: W7213538422