Prof Simon Gao S.Gao@napier.ac.uk
Professor
Risk management capability building in SMEs: a social capital perspective
Gao, Simon S; Sung, Ming C; Zhang, Jane
Authors
Ming C Sung
Jane Zhang
Abstract
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.
Citation
Gao, S. S., Sung, M. C., & Zhang, J. (2012). Risk management capability building in SMEs: a social capital perspective. International Small Business Journal, 1-24. https://doi.org/10.1177/0266242611431094
Journal Article Type | Article |
---|---|
Publication Date | 2012 |
Deposit Date | Jun 14, 2012 |
Print ISSN | 0266-2426 |
Electronic ISSN | 1741-2870 |
Publisher | SAGE Publications |
Peer Reviewed | Peer Reviewed |
Pages | 1-24 |
DOI | https://doi.org/10.1177/0266242611431094 |
Keywords | Capability building; China; risk management; SMEs; social capital |
Public URL | http://researchrepository.napier.ac.uk/id/eprint/5398 |
Publisher URL | http://dx.doi.org/10.1177/0266242611431094 |
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