Small and Medium Enterprises and Global Risks: Evidence from Manufacturing SMEs in Turkey
By Ali Asgary, Ali Ihsan Ozdemir, Hale Özyürek. International Journal of Disaster Risk Science, 2020
161 citations recorded by the source corpus.
This study investigated how small and medium enterprises (SMEs) in a country perceive major global risks. The aim was to explore how country attributes and circumstances affect SME assessments of the likelihood, impacts, and rankings of global risks, and to find out if SME risk assessment and rankings differ from the global rankings. Data were gathered using an online survey of manufacturing SMEs in Turkey. The results show that global economic risks and geopolitical risks are of major concern for SMEs, and environmental risks are at the bottom of their ranking. Among the economic risks, fiscal crises in key economies and high structural unemployment or underemployment were found to be the highest risks for the SMEs. Failure of regional or global governance, failure of national governance, and interstate conflict with regional consequences were found to be among the top geopolitical risks for the SMEs. The SMEs considered the risk of large-scale cyber-attacks and massive incident of data fraud/theft to be relatively higher than other global technological risks. Profound social instability and failure of urban planning were among the top societal risks for the SMEs. Although the global environmental and disaster risks were ranked lowest on the list, man-made environmental damage and disasters and major natural hazard-induced disasters were ranked the highest among this group of risks. Overall, the results show that SMEs at a country level, for example Turkey, perceive global risks differently than the major global players.
Subfields: Economics and Econometrics, Sociology and Political Science, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/70a58338ebfc49011659c7f0b783de9afa4d31c4
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Citations in the corpus
- A Review of Global Challenges and Survival Strategies of Small and Medium Enterprises (SMEs) (2020, background): “As SMEs account for about 90% of economic activities of states and benefit directly from foreign investment (Gamage et al. 2019), those attacks increase insurance, transaction, transportation, and security risks of SMEs (Asgary et al. 2020).”
- Impact of COVID-19 pandemic on micro, small, and medium-sized Enterprises operating in Pakistan (2020, unknown): “In contrast, the indirect effect includes damage to public infrastructure such as electricity supply, communication and transportation system, and roads leading to increase in production cost and even business discontinuity (Asgary et al., 2020; Eggers, 2020; Hallegatte, 2015; Samantha, 2018; World ”