The feasibility of implementing the Committee of Sponsoring Organizations of the Treadway Commission enterprise risk management framework in South African small, medium and micro enterprises: a literature review

Bruce Masama, Juan-Pierré Bruwer and Leon Gwaka

International Journal of Business Continuity and Risk Management, 2022, vol. 12, issue 3, 208-225

Abstract: Small, medium and micro enterprises (SMMEs) are capable of rejuvenating economies. Unsurprisingly governments, globally, focus on the promotion of SMMEs. South African SMMEs have high failure rates, attributable by the lack of risk management skills. Formal enterprise risk management (ERM) frameworks enhance risk management processes, however South African SMMEs tend to not use any. The COSO ERM framework is a very popular ERM framework; this study aimed to ascertain whether its most recent version is feasible for South African SMMEs to implement. Non-empirical research was conducted as an exploratory literature review, which took on a qualitative research methodology. A total of 405 literature sources were identified and 99 were included and analysed based on predefined inclusion and exclusion criteria. From the research conducted, it appears that the implementation of the most recent COSO ERM framework is feasible for implementation by South African SMMEs, at least in a theoretical dispensation.

Keywords: risk management; small; medium and micro enterprises; SMMEs; enterprise risk management; ERM; ERM frameworks; South Africa; COSO ERM framework. (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=125288 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijbcrm:v:12:y:2022:i:3:p:208-225

Access Statistics for this article

More articles in International Journal of Business Continuity and Risk Management from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().