Enterprise Risk Management and Performance in Mexican SMEs: The Moderating Role of Firm Age

Authors

  • Artemio Jiménez-Rico Profesor-investigador, Departamento de Gestión y Dirección de Empresas, Universidad de Guanajuato, Guanajuato, México. https://orcid.org/0000-0001-9069-6483
  • Héctor Cuevas-Vargas Profesor-investigador, Departamento de Innovación de Negocios y Mercadotecnia, Universidad Tecnológica del Suroeste de Guanajuato, Guanajuato, México. https://orcid.org/0000-0001-5779-7522
  • Claudia Susana Gómez-López Profesora-investigadora, Departamento de Economía y Finanzas, Universidad de Guanajuato, Guanajuato, México.

DOI:

https://doi.org/10.18046/j.estger.2025.175.7413

Keywords:

enterprise risk management, firm performance, firm age, structural equation modeling, SMEs

Abstract

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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Published

2025-11-19

Issue

Section

Research articles

How to Cite

Enterprise Risk Management and Performance in Mexican SMEs: The Moderating Role of Firm Age. (2025). Estudios Gerenciales, 41(175), 236-247. https://doi.org/10.18046/j.estger.2025.175.7413