Risk Planning and Management in Portuguese Companies—A Statistical Approach

Fernando Oliveira Tavares (), Eulália Santos, Vasco Capela Tavares and Vanessa Ratten
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Fernando Oliveira Tavares: Research on Economics, Management and Information Technologies, Department of Economics and Management, Universidade Portucalense, 4200-027 Porto, Portugal
Eulália Santos: Higher School of Education and Social Sciences, CI&DEI, Polytechnic of Leiria, Campus 1, Rua Dr. João Soares, Apartado 4045, 2411-901 Leiria, Portugal
Vasco Capela Tavares: ISEG-UL—Lisbon School of Economics and Management, University of Lisbon, Rua do Quelhas, 6, 1200-781 Lisbon, Portugal
Vanessa Ratten: Department of Management, La Trobe Business School, La Trobe University, Melbourne, VIC 3086, Australia

JRFM, 2023, vol. 16, issue 7, 1-15

Abstract: The purpose of this article is to study risk management planning and risk management in Portuguese companies. The methodology used is of a quantitative nature, based on a questionnaire survey that analyzes the risk management planning and risk management of 1647 Portuguese companies from different sectors of activity. The results allow us to conclude that the aspects that most manifest themselves in the perceptions of risk management planning are having a management plan that includes the relationship with customers, suppliers, and employees, as well as an updated security plan. This study intends to contribute to academic knowledge and for companies to know and master the concepts of risk management planning and risk management in its different aspects, helping the adoption of strategies to better plan risk management. The results make it possible to understand the differences in planning and risk management between larger and smaller companies, between older and younger companies, and between family and non-family companies. These results can contribute to increasing corporate sustainability and improving performance in planning and managing corporate risks.

Keywords: business risk; risk management; risk perception; risk analysis; risk management planning (search for similar items in EconPapers)
JEL-codes: C E F2 F3 G (search for similar items in EconPapers)
Date: 2023
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