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Risk Types in International Business Relations

Author

Listed:
  • Ana-Maria Dinu

    (Dimitrie Cantemir Christian University)

Abstract

Risk analysis and knowledge of diversity in the world of international transactions has a great practical importance, because it allows business people to identify the tools and policies to reduce/eliminate the risk and the damage they cause. Given the unpredictable nature of risks is necessary to know them very well in order to say that it is possible to eliminate unwanted effects. When concluding an international economic transaction, the more fully aware of the uncertainty in the action, the more prepared we are to limit the possibility of random events that could cause an unfavorable turn of the transaction.

Suggested Citation

  • Ana-Maria Dinu, 2012. "Risk Types in International Business Relations," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 2(Special 1), pages 89-95, May.
    • Handle: RePEc:hur:ijaraf:v:2:y:2012:i:1special:p:89-95
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    More about this item

    Keywords

    Risk; business; analysis; knowledge; transaction;
    All these keywords.

    JEL classification:

    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty

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