Naslov
Risk Management Strategies in Business Systems

Autori
Dulčić, Želimir ; Štimac, Milan ; Ercegovac, Roberto

Izvornik
Global business & economics review. Anthology (1553-1333) I (2007); 324-333

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
risk measurement; business systems; sources of risks; risk management

Sažetak
Era of free economy, global market, liberalized flows of goods, knowledge, information and capital, increasing competition on markets with sufficient efficiency, are all changing the ideal and atitude toward the risk in business systems. The risk is expected or realistic posibility of damage occurrence. Risk arises from random internal and external variables, whose statistical manifestation is possible to shape into default event distribution and to predict as such, with certain degree of estimation signification. Risks are associated part of business system's effiency become the integral part of strategic management process. The traditional measure of risk is standard deviation of risk variables and related loss inside risk open position. Risks and risk variables are not homogeneous in expression of risk. Risk theory and everyday practice in last decade mostly uses VaR as a measure of risk. Inside business systems, despite of theoretical weakness, because of atributte of homogenity measure in terms of money equivalent. Risk managemets methods are models identify the risk position, measure the risk and manage the structure of balance sheet categories with the aim of keeping the risk level in relations of defined experience or goal limits. In order to simplify the theoretical fremework the projection of risk management model will be presented on the case of company called Farmal d.d. Ludbreg.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

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