IDEAS home Printed from https://ideas.repec.org/a/iaf/journl/y2015i2p71-75.html
   My bibliography  Save this article

Political Risks and Their Assessment in Strategic Management Accounting

Author

Listed:
  • Valentyna Khodzytska

    (Kyiv National Economic University named after Vadym Hetman, Kyiv, Ukraine)

  • Mariya Shyhun

    (Kyiv National Economic University named after Vadym Hetman, Kyiv, Ukraine)

Abstract

The aim of the article is to develop an approach to the definition of the political risk in the system of strategic management of the company, representation the set of properties of political risk, in terms of its nature and factors of influence. It highlights the main aspects of the impact of political risk on strategic decision-making in the system of integrated management of business entities. It substantiates the importance of timely risk assessment and management, taking appropriate preventive measures to avoid finance losses. For practical purposes of the political risk assessment the key indicators of its assessment are identified with regard to the objectives of strategic management. The stages of assessment of political risk are considered and the possibility of using the main political risk management methods are analyzed. According to the authors, the represented benefits of strategic management accounting are the basis for the formation of modern accounting concepts aimed at ensuring effective management decisions and create sustainable competitive advantages.

Suggested Citation

  • Valentyna Khodzytska & Mariya Shyhun, 2015. "Political Risks and Their Assessment in Strategic Management Accounting," Oblik i finansi, Institute of Accounting and Finance, issue 2, pages 71-75, June.
    • Handle: RePEc:iaf:journl:y:2015:i:2:p:71-75
    as

    Download full text from publisher

    File URL: http://www.afj.org.ua/pdf/274-politichni-riziki-ta-ih-ocinka-v-strategichnomu-upravlinskomu-obliku.pdf
    Download Restriction: no
    File URL: http://www.afj.org.ua/en/article/274/
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    political risks; risk factors; political risk; strategic management accounting; strategic management;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:iaf:journl:y:2015:i:2:p:71-75. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Serhiy Ostapchuk (email available below). General contact details of provider: https://edirc.repec.org/data/iafkvua.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.