IDEAS home Printed from https://ideas.repec.org/a/vrs/ecocul/v13y2016i1p104-113n11.html
   My bibliography  Save this article

Theoretical Aspects And Development Of The Mechanism For Risk Management In Small- And Medium-Sized Business

Author

Listed:
  • Lezgovko Aleksandra

    (Mykolas Romeris University, Insurance and risk management institute, Lithuania)

Abstract

Modern scientific research in the field of risk management is mainly devoted to general questions of the market theory of risk management, including qualitative risk analysis, protection of the rights of property owners and the study of the problems of selection of the best strategies for profitable market investments. The development of risk management mechanisms for small- and medium-sized businesses in Lithuania compared to other European markets is happening too slowly. The situation is aggravated by unstable situation of the field itself, corrupted officials and the lack of advanced control strategies for internal and external risk management in organisations. All these factors confirm the need to develop new management tools in the field of risk management at such enterprises. The aim of this article is to develop the mechanism of risk management of small and medium-sized businesses and justify it scientifically. The methodology of the research is based on the principles of objectivity using methods of comparative, logical, mathematical statistics and system-structural analysis.

Suggested Citation

  • Lezgovko Aleksandra, 2016. "Theoretical Aspects And Development Of The Mechanism For Risk Management In Small- And Medium-Sized Business," Economics and Culture, Sciendo, vol. 13(1), pages 104-113, June.
    • Handle: RePEc:vrs:ecocul:v:13:y:2016:i:1:p:104-113:n:11
    DOI: 10.1515/jec-2016-0013
    as

    Download full text from publisher

    File URL: https://doi.org/10.1515/jec-2016-0013
    Download Restriction: no
    File URL: https://libkey.io/10.1515/jec-2016-0013?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    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:vrs:ecocul:v:13:y:2016:i:1:p:104-113:n:11. 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: Peter Golla (email available below). General contact details of provider: https://www.sciendo.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.