Naslov
The impact of risk management effectiveness on Power Utility performance

Autori
Jakaša, Tina ; Osmanagić Bedenik, Nidžara ; Fivos, Iliopoulos ; Bratić, Diana

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
5th International Conference on the European Electricity Market Abstracts / - Lisabon : Institute of Electrical and Electronics Engineers (IEEE), 2008, 1-6

Skup
5th International Conference on the European Electricity Market

Mjesto i datum
Lisabon, Portugal, 28.05.2008. - 30.05.2008

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
power utilities ; risk management ; risk management index ; performance indicators

Sažetak
A risk management is very important ; it enables company to react in early stage of change in environment and avoiding possible crises. Risk management is a factor of business performance. In order to prove the existence of a relationship between Risk management effectiveness and company performance we defined a Risk management index (RMI) and compare it with three company performance indicators. RMI is determined by ten factors that could bde grouped into four categories: risk management system, institutional, instrumental and functional aspect of risk management. The Thesis is: there is a correlation between the existence of an effective risk management system in place and company performance. We used three performance indicators: Return on fixed asset, Return on sale and Operating profit margin to measure the company performance. Results of empirical research shows positive Pearson factor of correlation between RMI and company performance indicators and that the Thesis was proven to be true.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA