Issue |
SHS Web Conf.
Volume 217, 2025
1st UNSIQ International Symposium on Economics and Business “SMEs’ Competitive Advantage: Digital Technology and Internationalization” (UISEB 2024)
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Article Number | 02003 | |
Number of page(s) | 14 | |
Section | Digital Marketing Strategies for Internationalizing SMEs | |
DOI | https://doi.org/10.1051/shsconf/202521702003 | |
Published online | 26 May 2025 |
Financial Risk Management Strategies in SME International Expansion: A Systematic Review
Universitas Tidar, Faculty of Economics, Indonesia
International expansion provides significant opportunities for SMEs (Small and Medium Enterprises) to improve competitiveness and expand markets. However, its implementation often faces challenges such as complex financial risks such as currency fluctuations, regulatory differences between countries, and global economic uncertainty. Unpreparedness in managing these risks can result in losses that threaten business continuity in expanding the market. This study aims to identify effective financial risk management strategies used by SMEs in the context of international expansion. Using the systematic literature review (SLR) method, this study synthesized relevant literature to answer questions regarding best practices, challenges, and knowledge gaps in financial risk mitigation strategies among SMEs. The study analysis focused on Scopus and Web of Science journal articles published in 2014-2024. The results provide insights into effective strategies in mitigating financial risks, as well as identifying factors that influence their successful implementation. The findings are expected to provide guidance for SMEs in devising more resilient financial strategies in the face of financial risks in the global market.
Key words: financial risk management / SMEs / financial strategy / SLR
© The Authors, published by EDP Sciences, 2025
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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