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This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
Emad Harash, Jabbar Alsaadi, Suhail Al-Timimi
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DOI:10.17265/1537-1514/2014.08.004
Emad Harash, Ph.D., lecturer, Department of Accounting, Madenat Alelem University College, Baghdad, Iraq.
Jabbar Alsaadi, Ph.D., lecturer, Department of Accounting, Madenat Alelem University College, Baghdad, Iraq.
Suhail Al-Timimi, Ph.D., lecturer, College of Admin and Economics, University of Basra, Basra, Iraq.
The purpose of this study is to understand the association between environmental uncertainty and financial performance of small and medium enterprises (SMEs). Current study describes the influence of environmental uncertainty on the financial performance of SMEs in Iraq. The objective of this study was to assess the influence of environmental uncertainty on financial performance of SMEs. SMEs play an important economic role in many countries. In Iraq for example, the available data from the Central Organization for Statistics (COS) indicate that private sector in Iraq consists primarily of SMEs where those companies represent 99% of all companies in Iraq and this sector contributed over 50% of new jobs created. Despite their significance, facing competitive business environment, SMEs are required to develop innovation strategy in order to sustain competitive advantage. SMEs also are faced with the threat of failure with past statistics indicating that three out five fail within the first few months. This study sought to understand how SMEs manage the challenges they face. These challenges seem to change (evolve) according to different environmental uncertainty conditions. In this study, authors will develop an empirical model that can be applied in other sectors to improve financial performance of SMEs in Iraq.
small and medium enterprises (SMEs), financial performance, environmental uncertainty
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