espEconomy: strategy and practiceEconomy: strategy and practice1997-99672663-550XИнститут экономики1997-9967-2026-3-39-53esp-2195Research ArticleФИНАНСОВАЯ ЭКОНОМИКАFINANCIAL ECONOMYФинансовая грамотность, финансовое благополучие и участие в фондовом рынке: эмпирические данные ОманаFinancial Literacy, Financial Well-being and Stock Market Participation: Evidence from Omanhttps://orcid.org/0000-0003-1980-5872АхмедИ.IshfaqA.

Ахмед И. – PhD, ассоциированный профессор

ЭльБурайми

Ishfaq Ahmed – PhD, Associate Professor 

Al Buraimi 

 

ishfaq.a@uob.edu.omhttps://orcid.org/0000-0002-2156-5006АсимЗ.ZeeshanA.

Асим З. – PhD, доцент 

Эль-Бурайми 

 

Zeeshan Asim – PhD, Assistant Professor 

Al Buraimi 

zeeshan.a@uob.edu.omhttps://orcid.org/0000-0003-4218-0612КамранХ.HyderK.

Камран Х. – преподаватель

Эль-Бурайми  

Hyder Kamran – Lecturer

Al Buraimi 

hyder.k@uob.edu.omКолледж бизнеса, Университет БураймиОманCollege of Business, University of BuraimiOman2026161020262133953Copyright © Ахмед И., Асим З., Камран Х., 20262026Ахмед И., Асим З., Камран Х.Ishfaq A., Zeeshan A., Hyder K.Данная работа распространяется под лицензией Creative Commons Attribution 4.0.This work is licensed under a Creative Commons Attribution 4.0 License.https://esp.ieconom.kz/jour/article/view/2195

Участие населения в фондовом рынке определяется не только доступностью инвестиционных инструментов, но и уровнем финансовых знаний, а также оценкой собственного финансового положения. Цель исследования — оценить взаимосвязь финансовой грамотности и участия населения Омана в фондовом рынке с учётом социально-демографических различий и роли финансового благополучия в данной взаимосвязи. В работе использованы методы описательной статистики, иерархическая бинарная логистическая регрессия и метод декомпозиции Карлсона– Холма–Брина (KHB). Эмпирическую основу составили результаты онлайн-опроса, проведённого с февраля по июнь 2026 года в Маскате, Салале и Сохаре. Из 1000 распространённых анкет получено 786 ответов, после проверки в итоговую выборку включены 739 респондентов.Результаты показали сравнительно низкий уровень объективной финансовой грамотности: на вопросы о процентных ставках правильно ответили 47% респондентов, об инфляции — 41%, о финансовых рисках — 36%, при этом 62% участников отметили высокий уровень финансового благополучия, а об участии в фондовом рынке сообщили только 26%. Регрессионный анализ выявил положительную связь финансовой грамотности с участием в фондовом рынке (отношение шансов — 1.42 во второй модели и 1.33 в третьей), тогда как для финансового благополучия данный показатель составил 1.25. Дополнительный анализ указывает на его возможную посредническую роль в рассматриваемой взаимосвязи. Полученные результаты свидетельствуют о необходимости развития практических финансовых навыков населения Омана наряду с повышением доступности инвестиционных услуг.

The population's participation in the stock market depends not only on the availability of investment instruments but also on financial knowledge and assessments of one’s own financial situation. This study examines financial literacy and stock market participation in Oman, considering demographic differences and the role of financial well-being in their relationship. The study uses methods of descriptive statistics, hierarchical binary logistic regression, and the Karlson–Holm–Breen (KHB) decomposition method. The empirical basis consisted of the results of an online survey conducted from February to June 2026 in Muscat, Salalah, and Sohar. Of the 1,000 questionnaires distributed, 786 responses were received; after verification, 739 respondents were included in the final sample. The results showed relatively low objective financial literacy: 47% of respondents answered questions about interest rates correctly, 41% about inflation, and 36% about financial risks. At the same time, 62% of participants reported a high level of financial well‑being, while only 26% reported participating in the stock market. Regression analysis revealed a positive relationship between financial literacy and participation in the stock market (odds ratio — 1.42 in the second model and 1.33 in the third), while for financial well‑being, this indicator was 1.25. Additional analysis indicates its possible mediating role in the relationship under consideration. The obtained results indicate the need to develop practical financial skills among the population of Oman, along with increasing the availability of investment services.

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The authors declare that there are no conflicts of interest present.