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DTSTART:20240228T170000Z
DTEND:20240228T180000Z
SUMMARY:PARG research discussion session
DESCRIPTION:Does risk management build organizational resilience? The case of Canadian manufacturing SMEs



This is a hybrid event. Online participants can join via Zoom. In person attendees should reach out to Merridee Bujaki (merridee.bujaki@carleton.ca) to discuss lunch options before 5 PM on February 16, 2024.



Presenter



Ouafa Sakka is an Associate Professor of Accounting at the Sprott School of Business. Her research focusses on internal controls in different settings such as projects, Small and Medium Enterprises, and public sector organizations. 



Abstract



Drawing on the dynamic capabilities literature, this research investigates the associationbetween risk management practices and organizational resilience in Small and MediumEnterprises (SMEs). Both formal risk management (formal risk analysis of new projectsand activities) and informal risk management practices (adoption of a risk-open culture)are considered. A survey was conducted to collect data on the research constructs from500 Canadian manufacturing SMEs. The results show that 30% of the sampled SMEsdid not have any formal risk management of their activities. Partial Least Squares (PLS)analyses of the data show that informal risk management is positively and significantlyrelated to the resilience of the sampled SMEs, however formal risk managementpractices do not have a significant association with resilience. These results remain thesame regardless of the level of environmental turbulence and product complexity. Whenfocusing only on the sampled SMEs that have some level of formal risk management oftheir activities, PLS results show that both formal and informal risk managementpractices enhance resilience in these firms. In addition, these results are found to besensitive to the level of environmental turbulence and of product complexity.
LOCATION:Nicol, Carleton University, 1125 Colonel By Dr, Ottawa, ON K1S 5B6
URL:https://carleton-ca.zoom.us/j/94693718126
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