IDEAS home Printed from https://ideas.repec.org/a/igg/jrcm00/v3y2014i2p31-42.html
   My bibliography  Save this article

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

Author

Listed:
  • Simon S. Gao

    (Edinburgh Napier University, Edinburgh, Scotland)

  • Serge Oreal

    (ESC Rennes School of Business, Rennes, France)

  • Jane Zhang

    (Edinburgh Napier University, Edinburgh, Scotland)

Abstract

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.

Suggested Citation

  • Simon S. Gao & Serge Oreal & Jane Zhang, 2014. "Contemporary Financial Risk Management Perceptions and Practices of Small-Sized Chinese Businesses," International Journal of Risk and Contingency Management (IJRCM), IGI Global, vol. 3(2), pages 31-42, April.
    • Handle: RePEc:igg:jrcm00:v:3:y:2014:i:2:p:31-42
    as

    Download full text from publisher

    File URL: http://services.igi-global.com/resolvedoi/resolve.aspx?doi=10.4018/ijrcm.2014040103
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:igg:jrcm00:v:3:y:2014:i:2:p:31-42. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Journal Editor (email available below). General contact details of provider: https://www.igi-global.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.