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Risk management of Chinese food companies; a management perspective

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  • Dongyong Zhang
  • Stephen Morse
  • Bingjun Li

Abstract

This study investigated the current situation of food risk management (FRM) in Chinese companies and the factors that influence the effectiveness of risk management measures. FRM is considered from the perspective of food company managers in 161 food companies surveyed in the Provinces of Henan and Hubei, Central China. Results suggest that the current FRM situation in China is poor, and the most important factor influencing the effectiveness of FRM measures is the financial resource allocated to FRM. Other affecting factors include the level of corporate social responsibility (CSR) engagement of the company and the company size (measured by the number of employees). The better the CSR, the better the FRM; the larger the company, the less effective the FRM measures are. The study provides some suggestions for policy-making and further research.

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  • Dongyong Zhang & Stephen Morse & Bingjun Li, 2017. "Risk management of Chinese food companies; a management perspective," Journal of Risk Research, Taylor & Francis Journals, vol. 20(1), pages 118-134, January.
    • Handle: RePEc:taf:jriskr:v:20:y:2017:i:1:p:118-134
    DOI: 10.1080/13669877.2015.1042502
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    Cited by:

    1. Dongyong Zhang & Qiaoyun Ma & Stephen Morse, 2018. "Motives for Corporate Social Responsibility in Chinese Food Companies," Sustainability, MDPI, vol. 10(1), pages 1-15, January.
    2. Dongyong Zhang & Stephen Morse & Qiaoyun Ma, 2019. "Corporate Social Responsibility and Sustainable Development in China: Current Status and Future Perspectives," Sustainability, MDPI, vol. 11(16), pages 1-23, August.

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