THEORETICAL AND METHODOLOGICAL ASPECTS OF RISK-MANAGEMENT OF BANKS

Economic Analysis ◽

10.35774/econa2018.04.271 ◽

2018 ◽

pp. 271-276

Author(s):

Ihor Hutsal

Keyword(s):

Risk Management ◽

Process Control ◽

Information Provision ◽

Management Process ◽

Corporate Risk Management ◽

Risk Management Process ◽

Cyclical Process ◽

Methodological Aspects ◽

Corporate Risk

The theoretical and practical aspects of risk management are considered. The guidelines of strategic and corporate risk-management are outlined. It is stated that risk-management is a cyclical process that involves the following stages: classification and identification, assessment, organization of the risk management process, control and monitoring. The identification of risks is the decisive stage of risk-management. It is based on the information provision of the process of their classification. The principles and functions of corporate risk-management are considered.

Download Full-text

Reconsidering contact risk and contractual risk management

International Journal of Law and Management ◽

10.1108/ijlma-02-2016-0023 ◽

2017 ◽

Vol 59 (4) ◽

pp. 504-521 ◽

Cited By ~ 1

Author(s):

Ralph Schuhmann ◽

Bert Eichhorn

Keyword(s):

Risk Management ◽

Corporate Management ◽

Corporate Risk Management ◽

Content Type ◽

Management Processes ◽

Risk Management Process ◽

Management Capacity ◽

Risk Dimensions ◽

Contractual Risk ◽

Corporate Risk

PurposeThe aim of this paper is to pursue three objectives: to assess the extent to which theoretical concepts and corporate practice are reflecting the contract’s risk management dimensions; to identify ways to make full usage of the contract’s risk dimensions for risk management purposes; to overcome the isolation of the contract caused by its perception as a legal instrument by integrating its handling into the overall corporate management processes. Design/methodology/approachLiterature is analyzed regarding the contract’s roles as a source of risk and as a risk management device. Based on the relevant findings, it uses the Contractual Management Model to develop a concept that integrates all contract-related risk management processes in an enterprise. FindingsThe paper redefines the term “contract risk” in the light of modern understanding of contract functions and contract purposes. It shows that only Contractual Risk Management theory takes the management capacity of the contract fully into account. A Contractual Risk Management process is suggested which integrates all contract-related corporate management processes and aligns them to the requirements of transaction risk management and enterprise risk management. Originality/valueThe paper may guide executives to optimize corporate risk management processes through a better understanding of the risk potential of contract and of its risk management capacity. It provides a checklist of redefined contract risks as well as a concept that, for the first time, is aligning all contract-related management processes to support the corporate risk management system.

Download Full-text

The toolkit for financial risk management in financially unsustainable corporations

Financial Analytics Science and Experience ◽

10.24891/fa.13.1.50 ◽

2020 ◽

Vol 13 (1) ◽

pp. 50-70 ◽

Cited By ~ 1

Author(s):

M.V. Charaeva

Keyword(s):

Risk Management ◽

Financial Risk ◽

Systems Approach ◽

Financial Risks ◽

Strategic Development ◽

Corporate Risk Management ◽

Financial Risk Management ◽

Risk Management Process ◽

Equity Management ◽

Corporate Risk

Subject. Financial risk management is a cornerstone for the strategic development of any corporation. This especially matters when the economy is volatile and the financial standing of the corporation is affected externally. In this case, it is important to find tools to manage financial risks during the unstable period of corporate operations. Objectives. The study aims to devise and substantiate tools for financial risk management by identifying them and striving to reduce the exposure of financial operations during the strategic period. Methods. To substantiate the above ideas, I apply a systems approach. Studying equity management, I use methods of logic and structural analyses, synthesis, induction, deduction, graphic interpretation, mapping of relationships. Results. The study was proved with the case of Coca-Cola HBC Russia. Following a step-by-step strategy, I identified risks, their causes, and the appropriateness of the strategy for their reduction as part of the full financial risk management process (ERM). Conclusions and Relevance. The study gave theoretical and practical results that contribute to the methodology for financial risk management. I specify what tools will work to evaluate financial risks, and find techniques for avoiding, preventing and eliminating their impact on corporate operations. I discover the dependence of factors, which influence the financial position and possibilities of eliminating adverse effects that cause the exposure of financial operations and financial wellbeing of corporations. The findings can be used by those responsible for corporate risk management in financial risk management. The findings can underlie further research into the identification, assessment and management of financial risk during the volatility of the economy.

Download Full-text