The Impact of Entrepreneurship on Financial Stability: A Field Study of Iraqi Private Companies
Article Sidebar
Main Article Content
Abstract
This study aims to explore the relationship between entrepreneurship and financial stability of private companies in Iraq., a nation grappling with numerous economic and political challenges. The research employed a mixed-methods approach, combining [survey and questionnaire methodology] to collect data from a random sample of [65] private company employees. Quantitative data analysis was conducted using SPSS v26 .
The findings reveal a statistically significant positive correlation between the level of entrepreneurial practices, particularly investment in research and development (R&D), and key financial stability indicators. Furthermore, the study demonstrates that companies embracing innovation to develop new products and services exhibit a stronger capacity to adapt to market dynamics and sustain long-term growth Based on these insights, the study recommends the implementation of strategies to foster an entrepreneurial ecosystem. This includes creating an enabling environment for innovation, providing financial and technical support to entrepreneurs, and developing robust infrastructure to underpin sustainable economic growth in Iraq .
Keywords: Entrepreneurship, Financial stability, Sustainable growth,
Article Details
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
References
Aradhan Hatem Khader, & Hoda Ibrahim Muftan. (2021). The role of entrepreneurship in achieving sustainable banking development - A survey study of a sample of Iraqi banks. Journal of Administration & Economics, (129).
Balwafi Ahmed Mahdi, Islamic Banks and Financial Stability: An Empirical Analysis, Discussion of the Results of a Working Paper Issued by the International Monetary Fund, Kingdom of Saudi Arabia, Volume 21, Issue 02, 2008
Khader, Hamida Adhab (2023) “The Impact of Knowledge Management Processes on Organizational Creativity, an Applied Study at the Nasserite Technical Institute”, Nasserite Technical Institute, Southern Technical University, Tikrit Journal of Administrative and Economic Sciences, Volume 19, Issue 61, Part 2, Iraq, p. 455
Zahabi, Rima, Moussaoui, & Abdel Nour. (2013). Systemic financial stability (PhD thesis, University of Constantine).
Shazly Ahmed Shafik, The General Framework for Financial Stability and the Role of Central Banks in Achieving It, Arab Monetary Fund, 2014 (Report)
Saba Salah El-Din Nouri, & Prof. Dr. Nawfal Abdul-Ridha Alwan. (2024). Green Entrepreneurship and its Impact on Sustainable Tourism Development (An Analytical Study of the Opinions of Directors of Municipal Departments of Baghdad Municipality)
.- Abbas, & Bouherira. (2018). The role of modern risk management methods in establishing financial stability - a case study of Algeria (Doctoral dissertation, University of Ghardaia).
- Al-Arabi Mustafa, Controls and Mechanisms for Achieving Financial Stability for Islamic Finance, New Economics Journal, University of Algiers 3, Volume 02, Issue 15, 2016
- M.D. Bilal Khalaf Al-Sakrana. (2008). To cover its leadership in achieving another part (A field study on telecommunications companies in Jordan). Journal of the College of Baghdad for Economic Sciences, University, (17).
- Muhammad, Dr. Raslan, Abdul Karim, & Dr. Nasr. (2018). The reality of small and medium-sized entrepreneurship and ways to enhance it in the Palestinian economy.
- - Muftan, Hoda Ibrahim (2021) “The Role of Entrepreneurship in Achieving Sustainable Banking Development: An Analytical Study of a Sample of Iraqi Banks”, Master’s Thesis in Banking and Financial Sciences, Al-Mustansiriya University, College of Administration and Economics, Baghdad, Iraq, pp. 38-33-41-42.
Yahyawi. The role of central banks in achieving financial stability (Master's thesis).-
Al-Yazidi, & Rizq Allah. (2022). The role of entrepreneurship in promoting economic development (A field study on a number of pioneering projects in Jeddah Governorate). Arab Journal of Management.
Crossan, M. M., & Apaydin, M. (2010). A multi‐dimensional framework of organizational innovation: A systematic review of the literature. Journal of management studies, 47(6), 1154-1191.
Heyns Mrs. M. (2012): Investigating the relationship between interpersonal trust and innovation within a petrochemical organization Master in Business Administration at the Potchefstroom Campus of the North-West University
Ijeoma, O. A., & Onuoha, B. C. (2018). Corporate entrepreneurship and organizational performance of the banking sector in rivers state. International Journal of Advanced Academic Research, 4(5), 162-190.
Schillo, S. (2011). Entrepreneurial orientation and company performance: can the academic literature guide managers? Technology Innovation Management Review, 1(2).
Tajeddini, Kayhan, Mueller, Stephen L., 2012, "Corporate entrepreneurship in Switzerland: evidence from a case study of Swiss watch manufacturers", International Entrepreneurship and Management Journal, Vol.8, No.3, pp: 355–372.
Tan, Justin, 2002, "Culture, nation, and entrepreneurial Strategic Orientations: Implications for an emerging economy", Entrepreneurship theory and practing, pp, 95 – 111