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Significant Interdependence Between Financial Risks In Micro Commercial Business In Hidalgo, Interdependencia Significativa Entre Riesgos Financieros En Microempresas Comerciales Hidalguenses

Author

Listed:
  • Suly Sendy Perez Castaneda
  • Dorie Cruz Ramirez
  • Cuauhtemoc C. Campos Rangel
  • Beatriz Sauza Avila

Abstract

In today’s highly competitive environment, businesses have seen numerous debacles. Thus, there is an increased need to understand and measure risk. Given the lack of tools for evaluation of risk suitable for very small enterprises, this document presents a comprehensive approach: Enterprise Risk Management (ERM) as viable methodology for the evaluation of risks in this sector of the economy. The study is qualitative, non-experimental, correlational and explanatory. Some 265 small enterprises in the commercial sector of the state of Hidalgo, Mexico participated in the study. The findings show that the ERM to risk assessment is a simple, useful and applicable tool for the measurement of risks with qualitative data, demonstrating a highly significant relationship between financial risks assessed, generating the ability to predict their behavior significantly.

Suggested Citation

  • Suly Sendy Perez Castaneda & Dorie Cruz Ramirez & Cuauhtemoc C. Campos Rangel & Beatriz Sauza Avila, 2015. "Significant Interdependence Between Financial Risks In Micro Commercial Business In Hidalgo, Interdependencia Significativa Entre Riesgos Financieros En Microempresas Comerciales Hidalguenses," Revista Internacional Administracion & Finanzas, The Institute for Business and Finance Research, vol. 8(6), pages 1-10.
    • Handle: RePEc:ibf:riafin:v:8:y:2015:i:6:p:1-10
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    More about this item

    Keywords

    Financial Risk; Micro Business; Integrated Approach; ERM;
    All these keywords.

    JEL classification:

    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty
    • G3 - Financial Economics - - Corporate Finance and Governance
    • M2 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics

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