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Publication
Risk categorization in Portuguese organizations in times of the COVID-19 pandemic - an exploratory statistical analysis
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Authors
Advisor(s)
Abstract(s)
Purpose – This work aims to characterize the risks companies deal with in the context of a pandemic, and to
ascertain which risk type is most present in Portuguese organizations. It is also intended to verify whether there
are differences in the various risk types between companies that had or did not have a plan or strategy to act in
a pandemic, such as the one caused by COVID-19.
Design/methodology/approach – A quantitative methodology was used, based on the application of a
questionnaire survey targeting the Portuguese companies. The sample is composed of 1,647 Portuguese
companies, which were queried through a questionnaire survey that analyses different risk types. Then, the
software R was used to treat the results.
Findings – The results show that companies are exposed and vulnerable to uncertain events, and five risk
types were formed: legal, image, financial, strategic and operational. There is a bigger concern about the
management of financial risks.
Practical implications – Academics and companies can become more aware and master the concept of risk
and its different branches, which consequently favours the adoption of strategies to better manage and
plan risk.
Originality/value – The literature on international businesses and their risks assumes that all crises are the
same. However, the COVID-19 pandemic, besides causing a recession, obliges people and companies to adapt to
a new scenario. Risks become more important to companies, in a way that had not been academically studied.
Description
Keywords
Corporate perception Risk analysis Risk perception Risk management Corporate risk
Citation
Tavares, F., Santos, E. and Tavares, V. (2021), "Risk categorization in Portuguese organizations in times of the COVID-19 pandemic – an exploratory statistical analysis", Journal of Entrepreneurship and Public Policy, Vol. 10 No. 3, pp. 306-322. https://doi.org/10.1108/JEPP-03-2021-0033
Publisher
Emerald