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Keizer, J. A., Dijkstra, L., & Halman, J. I. (2002). Explaining Innovative Efforts of SMEs: An Exploratory Survey among SMEs in the Mechanical and Electrical Engineering Sector in the Netherlands. Technovation, 22, 1-13. https://doi.org/10.1016/S0166-4972(00)00091-2

has been cited by the following article:

• TITLE: Financial Risk Management in Dutch SMEs: An Empirical Analysis

  AUTHORS: René-Pascal van den Boom

  KEYWORDS: Financial Risk Management, Risk Management Process, Small and Medium-Sized Enterprises (SMEs), Empirical Analysis

  JOURNAL NAME: Journal of Financial Risk Management, Vol.8 No.2, June 5, 2019

  ABSTRACT: Financial Risk Management plays an important role in safeguarding the continuity of enterprises. This paper analyzes current financial risk management (FRM) practices applied by Dutch Small and Medium-sized Enterprises (SMEs). In particular, the methods used by SMEs to manage credit risks, exchange rate risks, liquidity risks and interest rate risks. Data of 97 Dutch SMEs, gathered in the period 2013-2017, show SMEs focus on risk process rather than setting up an organizational structure to embed the process. However, the attention firms pay on process is positively correlated to organizational structure. Where SMEs, within the risk management process, appear to have a correlated equal focus on risk identification, measurement and evaluation, mitigating risks seems to be treated more separately. Finally, the analysis of possible determinants shows that the level of financial risk management in Dutch SMEs is determined by two variables: the level of education of the risk manager and the degree of decentralization.