Enterprise risk management in SMEs: Towards a structural model
基于问卷调查构建结构模型，分析中小企业实施企业风险管理的前提、方法及其对战略取向的影响，发现主动或被动风险管理方式分别导致进攻或防御战略，且企业规模、行业和所有权结构影响实施效果。
This article analyses enterprise risk management (ERM) in small and medium-sized enterprises (SMEs) by developing a structural model based on a survey questionnaire. Preconditions for ERM implementation, applied ERM approaches and their effects on strategic orientation are derived. The results suggest that SMEs follow either an active or a passive ERM approach, which affects their strategic orientation; a passive approach results in a defensive strategy and an active approach, an offensive strategy. Firm size, sector affiliation and ownership structure influence the implementation of ERM. The applied conceptualization of ERM may help SMEs adjust to a changing environment to gain strategic advantage thus, increasing competitiveness and business success.