Managing Risks in SMEs: A Literature Review and Research Agenda

Managing Risks in SMEs: A Literature Review and Research Agenda

In times of crisis, companies need to carefully monitor current expenses and forecast potential costs, which could be caused by risky actions. Risk is inherent in all business functions and in every kind of activity. Knowing how to identify risks, attribute a value and a priority scale, design actio...

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Autores principales: Verbano,Chiara, Venturini,Karen
Lenguaje:English
Publicado: Universidad Alberto Hurtado. Facultad de Economía y Negocios 2013
Materias:
risk management
enterprise risk management
smes
literature review
Acceso en línea:http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242013000400017
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spelling oai:scielo:S0718-272420130004000172014-01-29Managing Risks in SMEs: A Literature Review and Research AgendaVerbano,ChiaraVenturini,Karen risk management enterprise risk management smes literature review In times of crisis, companies need to carefully monitor current expenses and forecast potential costs, which could be caused by risky actions. Risk is inherent in all business functions and in every kind of activity. Knowing how to identify risks, attribute a value and a priority scale, design actions and mechanisms to minimize risks, and continuously monitor them, are essential to guarantee companies' survival and create sustainable value. This is especially true for small- and medium-sized businesses that are most exposed to the harmful effects of the risks, due to limited resources and structural features. The objective of this study is to analyze available literature on the subject of risk management for small- and medium-sized enterprises from 1999 to 2009. The analysis derives interesting characteristics from the scientific studies, highlighting gaps and guidelines for future research.info:eu-repo/semantics/openAccessUniversidad Alberto Hurtado. Facultad de Economía y NegociosJournal of technology management & innovation v.8 n.3 20132013-11-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242013000400017en10.4067/S0718-27242013000400017
institution Scielo Chile
collection Scielo Chile
language English
topic risk management
enterprise risk management
smes
literature review
spellingShingle risk management
enterprise risk management
smes
literature review
Verbano,Chiara
Venturini,Karen
Managing Risks in SMEs: A Literature Review and Research Agenda
description In times of crisis, companies need to carefully monitor current expenses and forecast potential costs, which could be caused by risky actions. Risk is inherent in all business functions and in every kind of activity. Knowing how to identify risks, attribute a value and a priority scale, design actions and mechanisms to minimize risks, and continuously monitor them, are essential to guarantee companies' survival and create sustainable value. This is especially true for small- and medium-sized businesses that are most exposed to the harmful effects of the risks, due to limited resources and structural features. The objective of this study is to analyze available literature on the subject of risk management for small- and medium-sized enterprises from 1999 to 2009. The analysis derives interesting characteristics from the scientific studies, highlighting gaps and guidelines for future research.
author Verbano,Chiara
Venturini,Karen
author_facet Verbano,Chiara
Venturini,Karen
author_sort Verbano,Chiara
title Managing Risks in SMEs: A Literature Review and Research Agenda
title_short Managing Risks in SMEs: A Literature Review and Research Agenda
title_full Managing Risks in SMEs: A Literature Review and Research Agenda
title_fullStr Managing Risks in SMEs: A Literature Review and Research Agenda
title_full_unstemmed Managing Risks in SMEs: A Literature Review and Research Agenda
title_sort managing risks in smes: a literature review and research agenda
publisher Universidad Alberto Hurtado. Facultad de Economía y Negocios
publishDate 2013
url http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242013000400017
work_keys_str_mv AT verbanochiara managingrisksinsmesaliteraturereviewandresearchagenda
AT venturinikaren managingrisksinsmesaliteraturereviewandresearchagenda
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