Mapping the Diffusion of Advanced Risk Management Practices Among Italian Small‐ and Medium‐Sized Firms

Alberto Petroni

Risk Management and Insurance Review, 1999, vol. 2, issue 3, 125-140

Abstract: ABSTRACT: This work has a twofold aim: (1) to investigate the application of general risk management concepts among small‐ and medium‐sized enterprises (SMEs), and (2) to provide an analytical picture of prevailing managerial practices in Italian SMEs. With these objectives in mind, a survey questionnaire was given to a sample of 95 manufacturers of machinery for the food and beverage industry. The extent to which risk management practices are spread among SMEs is described in terms of seven dimensions: awareness, quality of firm/insurer interactions, competence, autonomy, insurance/prevention integration, risk analysis, and financial risk management. Important research results include identifying significant differences in behavior among firms through clustering analysis based on size and a proposal for measuring such differences via the use of a single indicator.

Date: 1999
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https://doi.org/10.1111/j.1540-6296.1999.tb00007.x

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Persistent link: https://EconPapers.repec.org/RePEc:bla:rmgtin:v:2:y:1999:i:3:p:125-140

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