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Risk management capability building in SMEs: a social capital perspective.

Gao, Simon S, Sung, Ming C, Zhang, Jane and Gao, Simon S (2012) Risk management capability building in SMEs: a social capital perspective. International Small Business Journal. pp. 1-24. ISSN 0266-2426

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Abstract/Description

This article addresses the under-researched issue of risk management (RM) and risk management capability building in small and medium sized enterprise (SMEs). It draws upon theories of social capital to explain enablers and obstacles for RM capability building and practice sharing in a small and medium-sized construction enterprise in China. Two related propositions are made: first, RM capability is built by SMEs without formal structures and knowledge; and second, such firms are more likely to adopt informal processes to develop RM capability. The article concludes that the role of cognitive capital is the most important for the RM capability building of SMEs and that cognitive capital plays a crucial role in accumulating structural and relational capital. It proposes a model of cognitive capital-based RM capability building in which integrates communication, knowledge, relationship and learning.

Item Type: Article
Print ISSN: 0266-2426
Electronic ISSN: 1741-2870
Additional Information: Published online before print January 15, 2012
Uncontrolled Keywords: Capability building; China; risk management; SMEs; social capital;
University Divisions/Research Centres: The Business School > School of Accounting, Financial Services and Law
Dewey Decimal Subjects: 300 Social sciences > 330 Economics > 338 Production
600 Technology > 650 Management & public relations > 658 General management
Library of Congress Subjects: H Social Sciences > HF Commerce > HF5601 Accounting
Item ID: 5398
Depositing User: Professor Simon Gao
Date Deposited: 14 Jun 2012 12:47
Last Modified: 18 Jun 2012 13:49
URI: http://researchrepository.napier.ac.uk/id/eprint/5398

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