• ISSN: 2010-023X
    • Frequency: Bimonthly
    • DOI: 10.18178/IJTEF
    • Editor-in-Chief: Prof.Tung-Zong (Donald) Chang
    • Executive Editor: Ms. Cherry L. Chen
    • Abstracting/ Indexing: Engineering & Technology Digital Library, ProQuest, Crossref, Electronic Journals Library, DOAJ , EBSCO, and Ulrich's Periodicals Directory
    • E-mail: ijtef@ejournal.net
IJTEF 2017 Vol.8(2): 123-127 ISSN: 2010-023X
DOI: 10.18178/ijtef.2017.8.2.550

Risk Management Practices and SMEs: An empirical study on Turkish SMEs

Farzaneh Soleimani Zoghi
Abstract—SMEs have a crucial role in the domestic economic growth. SMEs are organizations with higher adoptability and flexibility compare to large enterprise. However they are very vulnerable to risks due to the lack of established structure and limited resources. So risk management practices and strategies play a significant role in SMEs success and growth. Risk management involves identifying risks and predicting how probable they are and how serious they might become. Dealing with identified risks and deciding on what to do with them is a key issue in risk management process. The present study attempts to investigate the current state of risk management in Turkish SMEs more comprehensively. The research topic is to determine the dependency of industrial sector of SMEs and their risk management approach. The sample was developed from the data of 2000 Turkish SMEs. From 200 total responses 192 of them has been found as qualified response for statistical analysis. Data have been gathered by using categorical and multiple response questions with nominal and ordinal scales. The results of cross-tabulation and Chi- square test have revealed evidence of relationship and association between variables in many cases.

Index Terms—Risk, risk management (RM) process, SMEs (small to medium-sized enterprises).

F. Soleimani Zoghi is with SRH University of Applied Sciences Berlin, Business Administration, Berlin, Germany (e-mail: farzaneh.zoghi@srh-uni-berlin.de).

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Cite: Farzaneh Soleimani Zoghi, "Risk Management Practices and SMEs: An empirical study on Turkish SMEs," International Journal of Trade, Economics and Finance vol.8, no.2, pp. 123-127, 2017.

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