Research Output

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

  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.

  • Type:

    Article

  • Date:

    31 December 2014

  • Publication Status:

    Published

  • Publisher

    IGI Global

  • DOI:

    10.4018/ijrcm.2014040103

  • ISSN:

    2160-9624

  • Library of Congress:

    HD28 Management. Industrial Management

  • Dewey Decimal Classification:

    658 General management

Citation

Gao, S. S., Oreal, S., & Zhang, J. (2014). Contemporary Financial Risk Management Perceptions and Practices of Small-Sized Chinese Businesses. International journal of risk and contingency management, 3(2), 31-42. https://doi.org/10.4018/ijrcm.2014040103

Authors

Keywords

Financial risk management; small businesses; China;

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