Enterprise Risk Management Best Practices for Improvement Financial Performance in Manufacturing SMEs in Cameroon

Abstract

The aim of this study is to determine the relationship between the best practices and the financial performance among 86 manufacturing small and medium enterprises in Cameroon. To achieve this objective, we will carry out a Multivariate Analysis; and the results based on correlation analysis highlight a positive and significant impact of risk culture on financial performance of these enterprises and also show that the independence of the board of directors by itself is not sufficient to increase the firm’s performance.