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Factors influencing the risk appetite of SMEs: an exploratory study of Greek SMEs

Record type: Monograph (Working Paper)

The management of risk within small and medium enterprises (SMEs) is complicated due to various structural and economic factors associated with the SME sector. This paper focuses on one aspect of risk management in SMEs, namely the risk appetite which underpins their investment decisions. Data is gathered, via a survey, from a sample of SMEs operating in Greece, using both questionnaires and diagrammatic probability allocations. The data is analyzed using a combination of regression models and binomial tests for differences in proportions. The results suggest that we cannot, as previous literature suggests, conclude that SMEs generally exhibit a negative risk appetite. In particular, we found that Greek SMEs risk appetite was dependent on factors such as the type of investment being considered.
Keywords: risk, appetite, SMEs, Greece

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Citation

Georgousopoulou, M., Chipulu, M., Ojiako, U. and Johnson, J.E. (2010) Factors influencing the risk appetite of SMEs: an exploratory study of Greek SMEs , Southampton, GB University of Southampton (Centre for Risk Research: Working Paper Series, CRR-10-03).

More information

Published date: March 2010
Keywords: risk, appetite, SMEs, greece

Identifiers

Local EPrints ID: 79273
URI: http://eprints.soton.ac.uk/id/eprint/79273
PURE UUID: 59f77ffd-571e-4955-b2a6-13b76f1b1a2d
ORCID for M. Chipulu: ORCID iD orcid.org/0000-0002-0139-6188

Catalogue record

Date deposited: 11 Mar 2010
Last modified: 18 Jul 2017 23:18

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Contributors

Author: M. Georgousopoulou
Author: M. Chipulu ORCID iD
Author: U. Ojiako
Author: J.E. Johnson

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