IDEAS home Printed from https://ideas.repec.org/a/aiy/jnjaer/v22y2023i3p683-709.html
   My bibliography  Save this article

A Fuzzy Model for Personnel Risk Analysis: Case of Russian-Finnish Export-Import Operations of Small and Medium Enterprises

Author

Listed:
  • Tatiana Yu. Kudryavtseva
  • Angi E. Skhvediani
  • Maiia S. Leukhina
  • Alexandra O. Schneider

Abstract

Small and medium enterprises (SMEs) have limited resources for balancing risks which occur during international activities. The main hypothesis tested in this research is that the qualification of employees is the main area of personnel risks in cross–border cooperation. The fuzzy-logic model for personnel risks analysis was developed for quantification of the risks related to international activities. First, different risk factors and their elements were identified and formulated as linguistic variables. Second, with the use of experts’ judgments, a fuzzy logic-based system was constructed and evaluated. Risk level was calculated using MATLAB fuzzy logic toolbox and its factors were ranked accordingly. This model was applied to survey data from SMEs on Russia-Finland import-export operations during the 2020 – 2021 period. The personnel risk related to export-import Russia - Finland operations belonged to the above-average risk levels. Based on a more detailed analysis of risk elements, such elements as personnel development and training had the greatest coefficient and is an obvious high-risk area. The second highest value of the risk coefficient belonged to the element associated with personnel management. The lowest value belonged to elements related to motivation and recruitment processes. Therefore, theoretical contribution of the article is a model which allows us to quantify and identify micro-level personnel related risks in cross-border cooperation and present linguistic interpretation of these risks. This model can be use in practice by managers of specific SMEs or policy makers for obtaining broader and more representative results on risks related to international activities.

Suggested Citation

  • Tatiana Yu. Kudryavtseva & Angi E. Skhvediani & Maiia S. Leukhina & Alexandra O. Schneider, 2023. "A Fuzzy Model for Personnel Risk Analysis: Case of Russian-Finnish Export-Import Operations of Small and Medium Enterprises," Journal of Applied Economic Research, Graduate School of Economics and Management, Ural Federal University, vol. 22(3), pages 683-709.
    • Handle: RePEc:aiy:jnjaer:v:22:y:2023:i:3:p:683-709
    DOI: https://doi.org/10.15826/vestnik.2023.22.3.028
    as

    Download full text from publisher

    File URL: https://journalaer.ru//fileadmin/user_upload/site_15934/2023/09_Kudrjavceva_Skhediani_Leukhina_SHneider.pdf
    Download Restriction: no
    File URL: https://libkey.io/https://doi.org/10.15826/vestnik.2023.22.3.028?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Oh, In-Sue & Han, Joo Hun, 2021. "Will investments in human resources during the COVID-19 pandemic crisis pay off after the crisis?," Industrial and Organizational Psychology, Cambridge University Press, vol. 14(1-2), pages 98-100, June.
    2. Rudolph, Cort W. & Allan, Blake & Clark, Malissa & Hertel, Guido & Hirschi, Andreas & Kunze, Florian & Shockley, Kristen & Shoss, Mindy & Sonnentag, Sabine & Zacher, Hannes, 2021. "Pandemics: Implications for research and practice in industrial and organizational psychology," Industrial and Organizational Psychology, Cambridge University Press, vol. 14(1-2), pages 1-35, June.
    3. Assem Abu Hatab & Carl‐Johan Lagerkvist & Abourehab Esmat, 2021. "Risk perception and determinants in small‐ and medium‐sized agri‐food enterprises amidst the COVID‐19 pandemic: Evidence from Egypt," Agribusiness, John Wiley & Sons, Ltd., vol. 37(1), pages 187-212, January.
    4. Crowley, Meredith & Meng, Ning & Song, Huasheng, 2018. "Tariff scares: Trade policy uncertainty and foreign market entry by Chinese firms," Journal of International Economics, Elsevier, vol. 114(C), pages 96-115.
    5. Patricia Jimbo Santana & Laura Lanzarini & Aurelio F. Bariviera, 2019. "Variations of Particle Swarm Optimization for Obtaining Classification Rules Applied to Credit Risk in Financial Institutions of Ecuador," Risks, MDPI, vol. 8(1), pages 1-14, December.
    6. Aven, Terje, 2016. "Risk assessment and risk management: Review of recent advances on their foundation," European Journal of Operational Research, Elsevier, vol. 253(1), pages 1-13.
    7. Alexis Catanzaro & Christine Teyssier, 2021. "Export promotion programs, export capabilities, and risk management practices of internationalized SMEs," Small Business Economics, Springer, vol. 57(3), pages 1479-1503, October.
    8. Oleg Uzhga-Rebrov & Peter Grabusts, 2021. "Cumulative Prospect Theory Version with Fuzzy Values of Outcome Estimates," Risks, MDPI, vol. 9(4), pages 1-16, April.
    9. Crovini, Chiara & Ossola, Giovanni & Britzelmaier, Bernd, 2021. "How to reconsider risk management in SMEs? An Advanced, Reasoned and Organised Literature Review," European Management Journal, Elsevier, vol. 39(1), pages 118-134.
    10. Khurram Ajaz Khan & Robert Dankiewicz & Yana Kliuchnikava & Judit Olah, 2020. "How Do Entrepreneurs Feel Bankruptcy?," International Journal of Entrepreneurial Knowledge, Center for International Scientific Research of VSO and VSPP, vol. 8(1), pages 89-101, June.
    11. Zdenko Metzker & Justas Streimikis, 2020. "Csr Activities In The Czech Sme Segment," International Journal of Entrepreneurial Knowledge, Center for International Scientific Research of VSO and VSPP, vol. 8(1), pages 49-64, June.
    12. Paula Caligiuri & Helen De Cieri & Dana Minbaeva & Alain Verbeke & Angelika Zimmermann, 2020. "International HRM insights for navigating the COVID-19 pandemic: Implications for future research and practice," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 51(5), pages 697-713, July.
    13. Cristian Mardones, 2023. "Economic effects of isolating Russia from international trade due to its ‘special military operation’ in Ukraine," European Planning Studies, Taylor & Francis Journals, vol. 31(4), pages 663-678, April.
    14. Sudhanshu Joshi & Manu Sharma, 2022. "Impact of sustainable supply chain management on performance of SMEs amidst COVID-19 pandemic: an Indian perspective," International Journal of Logistics Economics and Globalisation, Inderscience Enterprises Ltd, vol. 9(3), pages 248-276.
    15. Jill Juergensen & José Guimón & Rajneesh Narula, 2020. "European SMEs amidst the COVID-19 crisis: assessing impact and policy responses," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 47(3), pages 499-510, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Lee, Jeoung Yul & Yang, Young Soo & Ghauri, Pervez N. & Park, Byung Il, 2022. "The Impact of Social Media and Digital Platforms Experience on SME International Orientation: The Moderating Role of COVID-19 Pandemic," Journal of International Management, Elsevier, vol. 28(4).
    2. Jan Dvorsky & Ludmila Kozubikova & Aleksandr Kljucnikov & Eva Ivanova, 2022. "Owners vs. Managers. Disparities of Attitudes on the Business Risk in SME Segment," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 24(59), pages 174-174.
    3. Lucian Ispas & Costel Mironeasa & Alessandro Silvestri, 2023. "Risk-Based Approach in the Implementation of Integrated Management Systems: A Systematic Literature Review," Sustainability, MDPI, vol. 15(13), pages 1-22, June.
    4. Gentjan Çera & Khurram Ajaz Khan & Andrea Bláhová & Jaroslav Belas, Jr., 2022. "Do owner-manager demographics in SMEs matter for corporate social responsibility?," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 17(2), pages 511-531, June.
    5. Rozsa Zoltan & Belas Jaroslav & Metzker Zdenko & Klementová Iva, 2022. "The Intensity of Perception of Selected Personnel Risk Factors in the V4 Countries," Folia Oeconomica Stetinensia, Sciendo, vol. 22(1), pages 243-262, June.
    6. Victor Cardenas, 2024. "Financial climate risk: a review of recent advances and key challenges," Papers 2404.07331, arXiv.org.
    7. Andres Mauricio Molina Barreto & Naoyuki Ishimura, 2023. "Remarks on a copula‐based conditional value at risk for the portfolio problem," Intelligent Systems in Accounting, Finance and Management, John Wiley & Sons, Ltd., vol. 30(3), pages 150-170, July.
    8. Yao, Xiaoyang & Le, Wei & Sun, Xiaolei & Li, Jianping, 2020. "Financial stress dynamics in China: An interconnectedness perspective," International Review of Economics & Finance, Elsevier, vol. 68(C), pages 217-238.
    9. Freixanet, Joan, 2022. "Export promotion programs: A system-based systematic review and agenda for future research," Journal of World Business, Elsevier, vol. 57(4).
    10. Lorena Isabel Barona López & Ángel Leonardo Valdivieso Caraguay & Jorge Maestre Vidal & Marco Antonio Sotelo Monge & Luis Javier García Villalba, 2017. "Towards Incidence Management in 5G Based on Situational Awareness," Future Internet, MDPI, vol. 9(1), pages 1-14, January.
    11. Bloom, Nicholas & Bunn, Philip & Chen, Scarlet & Mizen, Paul & Smietanka, Pawel & Thwaites, Gregory, 2019. "The impact of Brexit on UK firms," Bank of England working papers 818, Bank of England.
    12. Serpell Alfredo Federico & Ferrada Ximena & Rubio Larissa, 2019. "Measuring the performance of project risk management: a preliminary model," Organization, Technology and Management in Construction, Sciendo, vol. 11(1), pages 1984-1991, January.
    13. Isadora Antoniano‐Villalobos & Emanuele Borgonovo & Sumeda Siriwardena, 2018. "Which Parameters Are Important? Differential Importance Under Uncertainty," Risk Analysis, John Wiley & Sons, vol. 38(11), pages 2459-2477, November.
    14. Gagan Deep Sharma & Sascha Kraus & Amogh Talan & Mrinalini Srivastava & Christina Theodoraki, 2024. "Navigating the storm: the SME way of tackling the pandemic crisis," Small Business Economics, Springer, vol. 63(1), pages 221-241, June.
    15. Hoang Thuy Dam Luong & Nguyen Huy Khanh, 2022. "Towards an economic recovery after the COVID-19 pandemic: empirical study on electronic commerce adoption by small and medium-sized enterprises in Vietnam," Management & Marketing, Sciendo, vol. 17(2), pages 98-119, June.
    16. Dai, Yixin & Wang, Yixiao & Li, Rongrong, 2024. "Overcoming the “diversification trap”:firm investment decisions and innovation under policy uncertainty," International Review of Economics & Finance, Elsevier, vol. 91(C), pages 492-504.
    17. Sébastien Jean & Kevin Lefebvre, 2024. "Beyond Target: Indirect Impacts of Antidumping," CESifo Working Paper Series 11212, CESifo.
    18. Cătălina Radu & Alecxandrina Deaconu & Iudith-Anci Kis & Adela Jansen & Sorina Ioana Mișu, 2023. "New Ways to Perform: Employees’ Perspective on Remote Work and Psychological Security in the Post-Pandemic Era," Sustainability, MDPI, vol. 15(7), pages 1-19, March.
    19. Henrik Hassel & Alexander Cedergren, 2019. "Exploring the Conceptual Foundation of Continuity Management in the Context of Societal Safety," Risk Analysis, John Wiley & Sons, vol. 39(7), pages 1503-1519, July.
    20. Crowley, Meredith A. & Meng, Ning & Song, Huasheng, 2019. "Policy shocks and stock market returns: Evidence from Chinese solar panels," Journal of the Japanese and International Economies, Elsevier, vol. 51(C), pages 148-169.

    More about this item

    Keywords

    personnel risk; risk analysis; risk evaluation; fuzzy logic; small and medium sized enterprises.;
    All these keywords.

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aiy:jnjaer:v:22:y:2023:i:3:p:683-709. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Natalia Starodubets (email available below). General contact details of provider: https://edirc.repec.org/data/seurfru.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.