Enterprise Risk Management Best Practices for Improvement Financial Performance in Manufacturing SMEs in Cameroon

Mamai, Mbiki; Song, Yonghui

doi:10.17722/ijme.v8i3.901

IJME

2017

DOI: 10.17722/ijme.v8i3.901

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Enterprise Risk Management Best Practices for Improvement Financial Performance in Manufacturing SMEs in Cameroon

Mbiki Mamai¹,

Yonghui Song²

Abstract: The aim of this study is to determine the relationship between the best practices and the financial performance among 86 manufacturing small and medium enterprises in Cameroon. To achieve this objective, we will carry out a Multivariate Analysis; and the results based on correlation analysis highlight a positive and significant impact of risk culture on financial performance of these enterprises and also show that the independence of the board of directors by itself is not sufficient to increase the firm’s per… Show more

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Cited by 2 publications

References 17 publications

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Enterprise Risk Management Practices and Survival of Small and Medium Scale Enterprises in Nigeria

Ibiwoye

Joseph

Francis

2020

Studies in Business and Economics

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The survival rate of Small and Medium Scale Enterprises (SMEs) have been found to be low despite all the effort made by the government to sustain their existence. This seems to be linked to the poor management of various risk factors confronting the operators of the sector in Nigeria. In view of this, the study is aimed at determining the influence of Enterprise Risk Management (ERM) practices on survival of SMEs in Lagos State. With the application of cross-sectional survey technique, a sample of 400 operators was selected among SMEs across Lagos State. Data which were generated through structured questionnaires were analysed using both descriptive and inferential statistical tools. Results indicate that ERM practices significantly influence the survival of SMEs in Lagos State. Based on the findings, it was recommended that SMEs owners should take ERM practices as a valuable business function that enhances survival. Also, government should continue to sensitise SMEs on the benefits of ERM and put in place mandatory ERM guidelines to compel SMEs to practice it.

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Enterprise Risk Management Practices and Survival of Small and Medium Scale Enterprises in Nigeria

Ibiwoye

Joseph

Francis

2020

Studies in Business and Economics

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A Framework for Risk Management in Small Medium Enterprises in Developing Countries

Mthiyane

Poll

Tshehla

2022

Risks

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Failure to holistically manage risk in Small Medium Enterprises (SMEs) is one of the major causes of small businesses failure. To answer the research question as to what supports the adoption of Enterprise Risk Management (ERM) in SMEs, this research aims to analyse Risk Management (RM) in SMEs and develops a framework to facilitate the adoption of ERM. In achieving the primary objective, the research establishes for SMEs: the sources of information for RM; the importance of information governance in managing risk; the fundamentals of RM; and the pillars of RM. Previous research conducted on RM in SMEs reviewed the challenges of the successful implementation of ERM in SMEs and proposed different ways to address these challenges. The common ground reached by the research is that there is a need for the simplification of ERM in SMEs. We followed an interpretive philosophy with an inductive research approach and employed a qualitative methodological choice with a cross-sectional time horizon through data collection, employing a review of the scholarly literature, to, in the end, develop a conceptual Small Medium Enterprises Risk Management Framework (SMERMF). The limitation of the research is that the empirical part of the research has not been concluded yet. To present the results, that will be compared to the theory and conclude the research.

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Enterprise Risk Management Best Practices for Improvement Financial Performance in Manufacturing SMEs in Cameroon

Cited by 2 publications

References 17 publications

Enterprise Risk Management Practices and Survival of Small and Medium Scale Enterprises in Nigeria

Enterprise Risk Management Practices and Survival of Small and Medium Scale Enterprises in Nigeria

A Framework for Risk Management in Small Medium Enterprises in Developing Countries

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