FINANCIAL RISK MANAGEMENT IN SMALL AND MEDIUM ENTERPRISES
- Project Research
- 1-5 Chapters
- Quantitative
- Simple Percentage
- Abstract : Available
- Table of Content: Available
- Reference Style: Available
- Recommended for : Student Researchers
- NGN 3000
Abstract: FINANCIAL RISK MANAGEMENT IN SMALL AND MEDIUM ENTERPRISES
This study investigates the impact of financial risk management on the stability and growth of small and medium enterprises (SMEs). Objectives include identifying prevalent financial risks faced by SMEs, evaluating the effectiveness of current risk management strategies, and proposing enhancements to mitigate these risks. A survey research design is utilized due to its efficacy in gathering extensive data on risk management practices from a large sample of SMEs. Using Taro Yamane's formula, a sample size of 350 SMEs in Port Harcourt was determined, ensuring comprehensive coverage and reliability. The case study focuses on SMEs in the manufacturing sector, known for their vulnerability to financial risks. The reliability coefficient score of the survey instrument is 0.87, reflecting high reliability. The findings indicate that effective financial risk management practices are crucial for SME sustainability, with risk identification, assessment, and mitigation strategies showing significant positive impacts. It is recommended that SMEs invest in risk management training and tools to enhance their resilience against financial uncertainties.
Related Project Materials
ASSESSMENT OF DOMESTIC DEBT AND ITS IMPACT ON THE NIGERIAN ECONOMY (1980 - 2020)
Background to the study
Citize...
ASSESSING ECONOMIC AND WELFARE VALUES OF FISH IN THE LOWER NIGER RIVER
ABSTRACT
This study was intended to assess the economic and welfare values of fish in...
THE EFFECTIVENESS OF INTERNAL CONTROL SYSTEM AND IT’S IMPACT ON THE ACTIVITIES OF PRIVATE LIMITED COMPANIES
ABSTRACT
The focus of this study is to examine the effectiveness of internal control system and it’s i...
design and implementation of task management system
STATEMENT OF THE PROBLEM
The problems generally associated with the traditiona...
THE ROLE OF INDUSTRY ADVISORY BOARDS IN VOCATIONAL CURRICULUM DEVELOPMENT
ABSTRACT: This study explores the role of industry advisory boards in the development of vocational curricula, emphasizing their impact on ali...
MOTIVATIONAL TECHNIQUES IN THE PUBLIC SERVICE AND THEIR EFFECTS ON JOB PERFORMANCE OF PUBLIC SERVANT
ABSTRACT
The issue of productivity in the public service had been a growing concern to members of the public in general...
THE USE OF PRINT MEDIA AS TOOL FOR PUBLIC RELATION PRACTICE
ABSTRACT
This study was carried out to examine the the use of print media as tool for public relation practice in Ilesha...
THE ROLE OF PUBLIC RELATIONS IN ACHIEVING ORGANIZATION OBJECTIVES
ABSTRACT
The main aim of this study is to examine the role of public relations in achieving organizational objective...
THE ROLE OF INFORMATION SYSTEMS IN MARKETING STRATEGIES
THE ROLE OF INFORMATION SYSTEMS IN MARKETING STRATEGIES
Abstract: This study aimed to explore the...
AN ASSESSMENT OF THE ORIGINS, IMPLEMENTATION AND EFFECTS OF GHANA'S 1969 ALIENS COMPLIANCE ORDER
Background Of The Study
In general, migration has been one of the most distinguishing elements of the A...
