An Assessment of Risk Management Practices of SME Taxpayers in Malawi and their Impact on Tax Compliance

Nanthuru, Stella Binauli; Liu, Pingfeng; Nie, Guihua; Mkonya, Victoria Lucas

doi:10.18775/ijmsba.1849-5664-5419.2014.44.1001

Cited by 7 publications

(3 citation statements)

References 20 publications

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“…Pemahaman dan pengetahuan manajemen risiko khususnya UKM juga telah diteliti oleh (Binauli Nanthuru et al, 2018) yang mengungkapkan bahwa pengetahuan mananjemen risiko keuangan bagi UKM penting dilakukan agar terhindar dari krisis. Namun yang sering terjadi adalah pelaku UKM tidak atau belum menerapkan manajemen risiko.…”

Section: Pendahuluanunclassified

“…Berdasarkan permasalahan tersebut, maka UKM Batik Suminar membutuhkan pengetahuan atau literasi terkait dengan manajemen risiko keuangan. Selain pengetahuan atau literasi manajemen risiko keuangan, UKM Batik Suminar juga membutuhkan strategi penerapan manajemen risiko keuangan khususnya UKM (Nanthuru, et al, 2018). Kegiatan diawali dengan mengidentifikasi risiko keuangan UKM Batik Suminar.…”

Section: Pendahuluanunclassified

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Implementasi manajemen risiko keuangan pada UMKM Batik selama pandemi Covid-19

Santoso¹,

Erstiawan²

2023

Tekmulogi J. Pengabdi. Masy.

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COVID-19 has had an impact on the Indonesian economy. MSMEs are one of the parties experiencing systematic risk caused by Covid-19. Some MSMEs went bankrupt, and others were able to survive. MSMEs that can survive must continue to struggle during difficulties. One of the efforts to avoid this systematic risk is to apply risk management. This Community Service activity aims to provide knowledge, insight, and skills, especially batik UMKM players in Sekoto, Badas District, Kediri Regency. The knowledge provided is about business risk management. Risk management is closely related to financial management. The results of the activity indicated an increase in the literacy of batik MSMEs in terms of implementing financial risk in facing future systematic risks.

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Section: Pendahuluanunclassified

Implementasi manajemen risiko keuangan pada UMKM Batik selama pandemi Covid-19

Santoso¹,

Erstiawan²

2023

Tekmulogi J. Pengabdi. Masy.

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“…Most of the SMEs face difficulties when it comes to intertwining risk practices and business processes (Gorzeo-Mitka, 2015). In this regard, SMEs are likely to increase their costs if they fail to manage risks (Nanthuru, Pingfeng, Guihua & Mkonya, 2018). Therefore, risk management techniques that suit the need of SMEs should be in place (Kagwathi, Kamau, Njau, & Kamau, 2014).…”

Section: Risk-taking and Performance Of Agro-entrepreneursmentioning

confidence: 99%

Entrepreneurial Risk-Taking Propensity and Performance of Agro-Entrepreneurs in Obio Akpor Lga, Rivers State

ADIM,

MEZEH,

BASSEY

2021

strategicjournals.com

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This study examined the relationship between entrepreneurial risk-taking and performance of Agro-Entrepreneurs in Obio Akpor LGA, Rivers State. The study adopted a cross sectional survey research design. Data for this study were collected from primary source with the aid of structured questionnaire. The population of the study was ninety agro-entrepreneurs who are registered with the Agricultural Development Board in Obio/Akpor LGA and are involved in Fish farming, rice farming, poultry, oil palm processing etc. The reliability of the instrument was achieved by the use of the Cronbach Alpha coefficient with all the items scoring above 0.70. The hypotheses were tested using the Spearman's Rank Order Correlation Coefficient with the aid of Statistical Package for Social Sciences version 23.0. The tests were carried out at a 0.05 level of significance. The findings revealed that there is a significant relationship between entrepreneurial risk-taking and performance of Agro-Entrepreneurs in Obio Akpor LGA, Rivers State. This study concluded that entrepreneurial risk taking significantly influences performance of agro-entrepreneurs in Obio-Akpor LGA of Rivers State. The study thus recommended that agro-entrepreneurs should always aggressively exploit potential opportunities regardless of the uncertainty. They should be willing to accept a certain level of risk to ensure success in their entrepreneurial ventures.

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Regression analysis of the influence of demographic characteristics using risk management practices within South African small and medium construction enterprises

Renault

Agumba

Ansary

2021

JEDT

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Purpose Demographics are perceived to influence risk management practices (RMPs) in construction. However, empirical evidence supporting this perception is lacking in the South African Construction Industry (SACI), especially within small and medium enterprises (SMEs). This study, therefore, aims to investigate the influence of demographic characteristics on RMPs. Design/methodology/approach This study followed a positivist research philosophy, using a questionnaire survey for data collection. In total, 225 questionnaires were distributed, of which 187 were returned from conveniently sampled respondents, which included owners and senior managers of construction SMEs organizations in Gauteng province in South Africa (SA). In total, 181 questionnaires were usable, yielding a response rate of 80.44%. Data from the survey were analyzed using descriptive and inferential statistics i.e. multiple regression analysis (MRA). The outputs were represented using percent and regression coefficients values, respectively. Findings In total, 42 practices were established from the literature review and grouped into 9 major RMPs. The data analysis suggested that understanding the organizational environment, defining objectives, resource requirements, risk measurement, risk identification, risk assessment, risk response and action planning, communication and monitoring and review are reliable and valid practices. Findings from MRA established that demographic characteristics i.e. experience in the construction industry (CI), education level and the number of employees in the organization are not good predictors to determine the use of RMPs. Research limitations/implications The study was limited to the data acquired from the SACI and to a lesser extent, construction SMEs in Gauteng. Therefore, the findings cannot be generalized to all SMEs in SA. Though neighboring and developing countries can use the RMPs identified in this study, the results cannot be directly used in developed countries without adequate substantiation. Practical implications The current study provides useful information to assist construction organizations to pay more attention to risk management implementation. The RMPs established in this paper are reliable and valid in projects undertaken by SMEs, and therefore, may be used by top management and/or the risk task team of these enterprises for effective project risk management. Originality/value The study presents findings of an investigation of the influence of demographics on RMPs from the perspectives of construction SMEs, an area less explored. This work advances knowledge of RMPs in the SME sector. It, therefore, adds value to researchers and industry practitioners on the theme where no agreement has been attained relating to key factors and practices that should constitute a risk management model.

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An Assessment of Risk Management Practices of SME Taxpayers in Malawi and their Impact on Tax Compliance

Cited by 7 publications

References 20 publications

Implementasi manajemen risiko keuangan pada UMKM Batik selama pandemi Covid-19

Implementasi manajemen risiko keuangan pada UMKM Batik selama pandemi Covid-19

Entrepreneurial Risk-Taking Propensity and Performance of Agro-Entrepreneurs in Obio Akpor Lga, Rivers State

Regression analysis of the influence of demographic characteristics using risk management practices within South African small and medium construction enterprises

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