Despite the anecdotal evidence that suggests that SMEs adopt inadequate and ineffective risk management practices, only a few studies have been conducted on the topic in the emerging market context. Besides, the existing studies on factors inhibiting effective risk management in emerging market...

The relationship between managerial qualities and risk management is unclear, particularly for small and medium-sized organizations (SMEs) in developing market economies such as South Africa, because much research has focused on big enterprises in industrialized nations. To address this...