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Dynamic Evolution Mechanism of Financial Risk of Innovative SMEs Based on the Organization-Specific Immune Perspective

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DOI: 10.23977/ferm.2020.030112 | Downloads: 5 | Views: 203

Author(s)

Peng Wang 1

Affiliation(s)

1 School of Economics and Management, Dalian University, No.10, Xuefu Avenue, Economic & Technical Development Zone, Dalian, Liaoning, The People's Republic of China (PRC)

Corresponding Author

Peng Wang

ABSTRACT

From the perspective of tissue-specific immunity, this paper determines the dynamic evolution mechanism of innovative SME financial risk, and studies the evolution process of financial risk from three perspectives: manager's cognitive ability, organizational learning ability and organizational knowledge management ability. According to the different characteristics of financial risks in different stages of innovative SMEs, the paper develops different solutions from three aspects: managerial cognition ability, organizational learning ability and organizational knowledge management ability, helping innovative small and medium-sized industries to resolve financial operations. Risk is of practical significance for innovative SMEs to improve their financial management.

KEYWORDS

Tissue-specific immunity; Innovative SMEs; Financial risk

CITE THIS PAPER

Peng Wang. Dynamic Evolution Mechanism of Financial Risk of Innovative SMEs Based on the Organization-Specific Immune Perspective. Financial Engineering and Risk Management (2020) 3: 82-84. DOI: http://dx.doi.org/10.23977/ferm.2020.030112.

REFERENCES

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[2] Robert, K. (2004) Managing diversity in a system of multi-level governance: the open method of co-ordination in innovation policy, Journal of European Public Policy, 2, 249-266.
[3] Virginia, A. (2005) Governance and co-ordination of distributed innovation processes: patterns of R&D co-operation in the upstream petroleum industry. Economics of Innovation and New Technology, 14, 1-21.

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