Financial Risk Management plays an important role in safeguarding the continuity\nof enterprises. This paper analyzes current financial risk management\n(FRM) practices applied by Dutch Small and Medium-sized Enterprises\n(SMEs). In particular, the methods used by SMEs to manage credit risks, exchange\nrate risks, liquidity risks and interest rate risks. Data of 97 Dutch\nSMEs, gathered in the period 2013-2017, show SMEs focus on risk process\nrather than setting up an organizational structure to embed the process.\nHowever, the attention firms pay on process is positively correlated to organizational\nstructure. Where SMEs, within the risk management process, appear\nto have a correlated equal focus on risk identification, measurement and\nevaluation, mitigating risks seems to be treated more separately. Finally, the\nanalysis of possible determinants shows that the level of financial risk management\nin Dutch SMEs is determined by two variables: the level of education\nof the risk manager and the degree of decentralization.
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