SIGNIFICANT INTERDEPENDENCE BETWEEN FINANCIAL RISKS IN MICRO COMMERCIAL BUSINESS IN HIDALGO, INTERDEPENDENCIA SIGNIFICATIVA ENTRE RIESGOS FINANCIEROS EN MICROEMPRESAS COMERCIALES HIDALGUENSES

Suly Sendy Perez Castaneda, Dorie Cruz Ramirez, Cuauhtemoc C. Campos Rangel and Beatriz Sauza Avila

Revista Internacional Administracion & Finanzas, 2015, vol. 8, issue 6, 1-10

Abstract: In today’s highly competitive environment, businesses have seen numerous debacles. Thus, there is an increased need to understand and measure risk. Given the lack of tools for evaluation of risk suitable for very small enterprises, this document presents a comprehensive approach: Enterprise Risk Management (ERM) as viable methodology for the evaluation of risks in this sector of the economy. The study is qualitative, non-experimental, correlational and explanatory. Some 265 small enterprises in the commercial sector of the state of Hidalgo, Mexico participated in the study. The findings show that the ERM to risk assessment is a simple, useful and applicable tool for the measurement of risks with qualitative data, demonstrating a highly significant relationship between financial risks assessed, generating the ability to predict their behavior significantly.

Keywords: Financial Risk; Micro Business; Integrated Approach; ERM (search for similar items in EconPapers)
JEL-codes: D8 G3 M2 (search for similar items in EconPapers)
Date: 2015
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