scholarly journals Determinants of Effective Financial Risk Management in Small Business: A Theoretical Framework

2015 ◽  
Vol 7 (2) ◽  
pp. 87-92
Author(s):  
Nurulhasanah Abdul Rahman ◽  
Rafisah Mat Radzi .
Keyword(s):  
Risk Management ◽  
Small Business ◽  
Financial Risk ◽  
The Body ◽  
Technology Entrepreneurship ◽  
Financial Risk Management ◽  
Body Of Knowledge ◽  
Use Of Technology ◽  
The Subject

This paper aims to develop a theoretical model of potential determinants of effective financial risk management in small business. In achieving this objective, the methodology used includes library search and analyzing previous literature review on the subject of financial risk management and small business especially in Malaysia case study. The significant variables are namely the leadership, training programs, use of technology, entrepreneurship orientation (EO) and accounting information. This paper also hopes to strengthen the body of knowledge on how financial risk management helps small business towards success, besides to act as a reference for empirical research.

Contemporary Financial Risk Management Perceptions and Practices of Small-Sized Chinese Businesses

2018 ◽  
pp. 917-931
Author(s):  
Simon S. Gao ◽  
Serge Oreal ◽  
Jane Zhang
Keyword(s):  
Risk Management ◽  
Small Business ◽  
Small Businesses ◽  
Financial Risk ◽  
Business Owners ◽  
Financial Risk Management ◽  
Chinese Business ◽  
Insurance Cover ◽  
Interpretative Approach

This study investigated the current perceptions and practices of financial risk management at small businesses in China. The researchers took an interpretative approach, using interviews within a case study, to collect qualitative data from Chinese business owners. Despite the well-documented importance of financial risk management in light of the 2008 global financial crises, surprisingly, the data indicated that little progress has been made on implementing an effective financial risk management in many Chinese small businesses. Analysis indicated the core problems in the case study organization stemmed from a lack of expertise, along with insufficient operational resources, for applying risk management. Interestingly, the researchers also found that Chinese small business managers perceived financial risks differently from managers of large organizations in China. Specifically, small business owners preferred to utilize risk transfer and insurance cover to hedge against financial risk.

Contemporary Financial Risk Management Perceptions and Practices of Small-Sized Chinese Businesses

2014 ◽  
Vol 3 (2) ◽  
pp. 31-42
Author(s):  
Simon S. Gao ◽  
Serge Oreal ◽  
Jane Zhang
Keyword(s):  
Risk Management ◽  
Small Business ◽  
Small Businesses ◽  
Financial Risk ◽  
Business Owners ◽  
Financial Risk Management ◽  
Chinese Business ◽  
Insurance Cover ◽  
Interpretative Approach

This study investigated the current perceptions and practices of financial risk management at small businesses in China. The researchers took an interpretative approach, using interviews within a case study, to collect qualitative data from Chinese business owners. Despite the well-documented importance of financial risk management in light of the 2008 global financial crises, surprisingly, the data indicated that little progress has been made on implementing an effective financial risk management in many Chinese small businesses. Analysis indicated the core problems in the case study organization stemmed from a lack of expertise, along with insufficient operational resources, for applying risk management. Interestingly, the researchers also found that Chinese small business managers perceived financial risks differently from managers of large organizations in China. Specifically, small business owners preferred to utilize risk transfer and insurance cover to hedge against financial risk.

FINANCIAL RISK MANAGEMENT IN ENTREPRENEURIAL ACTIVITY: CONCEPT, SYSTEM AND PRINCIPLE OF BUILDING

2020 ◽  
Vol 2 (4) ◽  
pp. 62-67
Author(s):  
M. M. KHAYTANOVA ◽  
Keyword(s):  
Risk Management ◽  
Financial Risk ◽  
Entrepreneurial Activity ◽  
Financial Risks ◽  
Study Methods ◽  
Financial Risk Management ◽  
Concept System

The article reveals: theoretical justifications of the concept of “financial risk” in relation to the sphere of entrepreneurship; methods for its identification and processing. Financial risk management is the activity of identification, assessment, control and monitoring of risks. In the course of the study, methods for managing financial risks in entrepreneurial activity and their classification were identified.

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