Financial resilience, technological efficiencyand financial performance of financial institutrions in Mogadishu- Somalia
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Date
2024-10-30
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Abdinasir Omor Osobow
Abstract
The research examined relationships concerning financial resilience, technological efficiency,
and the financial performance of financial institutions in Mogadishu-Somalia. The study has
based on the resulting research objects to examine the relationship between financial resilience,
and the financial performance of financial institutions in Mogadishu-Somalia, to assess the
relationship between technological efficiency, and the financial performance of financial
institutions in Mogadishu-Somalia and to determine the predictive power of financial resilience,
technological efficiency, and the financial performance of financial institutions in Mogadishu-
Somalia. The study used a cross-sectional research design and a quantitative research
methodology. In this study, the researcher handed out 108 questionnaires, of which 90 were
returned, yielding a response rate of 83.3%. Regression and correlation techniques were used to
analyze quantitative data.
The study revealed that there is a significant positive relationship between financial resilience,
and financial performance, a significant positive relationship between technological efficiency,
and financial performance in financial institutions in Mogadishu-Somalia.
The findings disclose that effective adaptability, flexibility, and robustness of financial inclusion
are essential within financial institutions in Somalia. From the findings, the researcher argues that
financial institutions need to correct their operation procedures, should need to spot opportunities
in their operations, customize loan products, as well as having new products, deal with financial
shocks well, and comply with applicable laws and regulations. This indicates that institutions
should focus on these aspects to enhance their resilience and performance, which, in turn, can
positive promote financial performance
Description
a masters thesis
Keywords
Citation
Abdinsir, Omar Osobow