Financial Risk Governance and Enterprise Resilience among Small-Scale Food Manufacturers in Metro Manila: Basis for Strategic Interventions

Small-scale food manufacturing enterprises operating in Metro Manila face ongoing environmental and financial uncertainty, often compounded by limited access to capital and underdeveloped risk management practices. This study examines the association between financial risk governance and enterprise resilience, focusing on how governance mechanisms relate to firms’ capacity to withstand and recover from disruptions. A mixed-methods approach was employed, combining quantitative survey data from 120 enterprises with qualitative insights from follow-up interviews. Enterprise profiles captured years of operation, revenue scale, and workforce structure, while resilience was assessed using a validated index covering financial planning, liquidity oversight, and contingency readiness. Results indicate that firms with more structured financial governance practices tend to demonstrate higher levels of resilience; however, the findings reflect correlational relationships rather than causal effects. Building on these results, the study proposes a conceptual framework highlighting the interaction between internal financial controls and external institutional support. The findings inform policy design to strengthen MSME resilience and contribute to the literature on financial governance in emerging urban economies.