Risk Management in Chinese SMEs: Factors Influencing SME's Risk Management and Perception of Risk-Managing Instruments
Weng, Weng (2011) Risk Management in Chinese SMEs: Factors Influencing SME's Risk Management and Perception of Risk-Managing Instruments. [Dissertation (University of Nottingham only)] (Unpublished)
Since the concept of risk was introduced into the contemporary business world, where almost every decision is quantified in financial terms, its importance has been increasingly recognized by organizations. In order to retain the optimal amount of risk while reduce the probability of undesirable outcomes, a variety of methods and standards have been developed. However, most of these established risk management frameworks are designed for relatively large companies rather than Small and medium-sized enterprises (SMEs), which are actually more vulnerable to both financial and non-financial risks due to constrained funding options and limited ability to attract and retain professional personnel. As there was not so much research concerning factors influencing SMEs’ risk management in China, this research is interested in examining the influences of company and owner-managers’ background factors on Chinese SMEs’ formal risk-managing activities (risk assessment and business plan). In addition, Chinese SMEs’ perceptions towards three main instruments of risk management (risk assessment, business plan and insurance) will also be analyzed.
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