Enterprise Risk Management and Performance in Mexican SMEs: The Moderating Role of Firm Age
DOI:
https://doi.org/10.18046/j.estger.2025.175.7413Keywords:
enterprise risk management, firm performance, firm age, structural equation modeling, SMEsAbstract
The objective of this study was to determine the relationship between enterprise risk management and the performance of SMEs in Guanajuato, as well as to examine the moderating effect of firm age on this relationship. A total of 212 questionnaires were administered to managers and owners of SMEs in the commercial, industrial, and service sectors. Partial least squares structural equation modeling was used to test the hypotheses. The results confirm that enterprise risk management has a positive and significant effect on SME performance and that organizational age positively and significantly moderates the enterprise risk management-performance relationship. This study has theoretical and practical implications by providing
evidence that contributes to the sustainable growth of SMEs in emerging countries such as Mexico.
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