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Risk management in Scottish, Chinese and German small and medium-sized enterprises: a country comparison

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  • Thomas Henschel
  • Susanne Durst

Abstract

Even though the study of risk management (RM) in small and medium-sized enterprises (SMEs) has increased recently, there have been few cross-country studies. Therefore, the present research project can be considered as one of the first of its kind drawing upon an extensive empirical study into the status of RM in SMEs. More precisely, the cross-country study, involving SMEs from China, Germany and Scotland, investigates differences in their RM practices. The findings, which were based on a web-based survey, provide a clearer understanding of the personal and organisational factors that have influenced the RM practices of SMEs in these countries. This study also sheds light on the influence that the perception of environmental uncertainty has on the RM efforts in SMEs.

Suggested Citation

  • Thomas Henschel & Susanne Durst, 2016. "Risk management in Scottish, Chinese and German small and medium-sized enterprises: a country comparison," International Journal of Entrepreneurship and Small Business, Inderscience Enterprises Ltd, vol. 29(1), pages 112-132.
    • Handle: RePEc:ids:ijesbu:v:29:y:2016:i:1:p:112-132
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    Citations

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    Cited by:

    1. 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.
    2. Bürgel, Tobias R. & Hiebl, Martin R.W. & Pielsticker, David I., 2023. "Digitalization and entrepreneurial firms' resilience to pandemic crises: Evidence from COVID-19 and the German Mittelstand," Technological Forecasting and Social Change, Elsevier, vol. 186(PA).
    3. Ferreira de Araújo Lima, Priscila & Crema, Maria & Verbano, Chiara, 2020. "Risk management in SMEs: A systematic literature review and future directions," European Management Journal, Elsevier, vol. 38(1), pages 78-94.
    4. Durst, Susanne & Hinteregger, Christoph & Zieba, Malgorzata, 2019. "The linkage between knowledge risk management and organizational performance," Journal of Business Research, Elsevier, vol. 105(C), pages 1-10.

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