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The Concept of Risk and its Assessment Methods

Author

Listed:
  • Cãruntu Andreea Laura

    (“Constantin Brancusi” University)

  • Cãruntu Roxana Corina

    (“Constantin Brancusi” University)

Abstract

In a world dominated by incertitude it is necessary to acknowledge the importance of discovering at the right time the risks that affect companies. The aim of the paper is to provide important insights to economic agents concerning theoretical notions about risk and its assessment. It is important for any company to take into account the changes that occur in the environment and due to this a risk management view is necessary. Companies that want to survive the business environment must be ready to evaluate all the time their activity, give important not only to traditional methods but also to modern methods. In the end it depends not on what happens with other companies but only with the company using the methods.

Suggested Citation

  • Cãruntu Andreea Laura & Cãruntu Roxana Corina, 2012. "The Concept of Risk and its Assessment Methods," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 1012-1015, Decembre.
  • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:2:p:1012-1015
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    More about this item

    Keywords

    risk; risk assessment; risk management.;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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