Risk management in SMEs: a systematic review of available evidence. Falkner, E. M. & Hiebl, M. R W The Journal of Risk Finance, 16(2):122–144, 2015. Paper doi abstract bibtex Purpose – The purpose of this paper is to provide a systematic literature review of available research evidence on risk management in small and medium-sized enterprises (SMEs). The authors aim to reveal ambiguities, gaps and contradictions in the literature, and to sketch avenues for further research. Design/methodology/approach – The authors follow the tenets of Tranfield et al. (2003) for conducting a systematic literature review. Following a key word search and an assessment of fit for this review, 27 papers were analyzed with respect to bibliographical information, research design and findings. Findings – The review identified various types of risks that may occur in SMEs. In addition, the publication analysis demonstrates the importance of a risk management process in SMEs and that the characteristics of SME owners have a significant impact on their business strategies. Research limitations/implications – Additional empirical research on risk identification, risk analysis, strategy implementation and control in the SME risk management process is needed. Originality/value – This paper is the first comprehensive review of the body of literature on risk management in SMEs.
@article{falkner_risk_2015,
title = {Risk management in {SMEs}: a systematic review of available evidence},
volume = {16},
url = {http://dx.doi.org/10.1108/JRF-06-2014-0079},
doi = {10.1108/JRF-06-2014-0079},
abstract = {Purpose – The purpose of this paper is to provide a systematic literature review of available research evidence on risk management in small and medium-sized enterprises (SMEs). The authors aim to reveal ambiguities, gaps and contradictions in the literature, and to sketch avenues for further research. Design/methodology/approach – The authors follow the tenets of Tranfield et al. (2003) for conducting a systematic literature review. Following a key word search and an assessment of fit for this review, 27 papers were analyzed with respect to bibliographical information, research design and findings. Findings – The review identified various types of risks that may occur in SMEs. In addition, the publication analysis demonstrates the importance of a risk management process in SMEs and that the characteristics of SME owners have a significant impact on their business strategies. Research limitations/implications – Additional empirical research on risk identification, risk analysis, strategy implementation and control in the SME risk management process is needed. Originality/value – This paper is the first comprehensive review of the body of literature on risk management in SMEs.},
number = {2},
journal = {The Journal of Risk Finance},
author = {Falkner, Eva Maria and Hiebl, Martin R W},
year = {2015},
keywords = {CSCW},
pages = {122--144},
}
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