SMEs’ resilience in the manufacturing sector: The role of formalized risk management and risk culture

Sakka, O., St-Pierre, J., Bahri, M. et Fadil, N. (2025). SMEs’ resilience in the manufacturing sector: The role of formalized risk management and risk culture. Journal of Risk Research . ISSN 1466-4461 1366-9877 DOI 10.1080/13669877.2025.2553857

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Résumé

Based on an integration of the literatures in small business, risk management, organizational resilience, and management control, this article examines the impact of a risk-tolerant culture and formalized risk management on organizational resilience in small and medium enterprises (SMEs). Survey data were collected on 500 Canadian manufacturing SMEs and Partial least squares (PLS) analyses were used to test the hypothesized model. PLS results indicate that a risk-tolerant culture is positively associated with resilience, while formalized risk management is not. When focusing on the subset of firms that have formalized their risk management, both a risk-tolerant culture and formalized risk management are found to enhance resilience. However, these results hold only when environmental turbulence is low. Overall, our findings suggest that fostering a risk-tolerant culture is crucial for SMEs’ resilience, while the impact of formalized risk management on resilience depends on the firm context.

Type de document:	Article
Mots-clés libres:	Risk management SME resilience Risk culture Environmental turbulence INRPME
Date de dépôt:	11 nov. 2025 19:07
Dernière modification:	11 nov. 2025 19:07
Version du document déposé:	Post-print (version corrigée et acceptée)
URI:	https://depot-e.uqtr.ca/id/eprint/12355

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