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Study of International Standards of Risk Management

Author

Listed:
  • Dykan Volodymyr L.

    () (Ukrainian State Academy of Railway Transport)

  • Posokhov Igor M.

    () (National Technical University "Kharkiv Polytechnic Institute")

Abstract

The goal of the article lies in the study of existing international standards of risk management, an important factor of improvement of risk management in domestic corporations and enterprises and development of recommendations on application of international standards in Ukraine, in particular, within the framework of building corporate systems of risk management. The conducted study shows that approaches on organisation of the process of risk management, used in standards of risk management, are of general character and differ with the degree of detailing. Their undoubted value in development of risk management in Ukraine is identification of a general direction of building corporate systems of risk management in practice. The said approaches at the national and corporate levels of standardisation in Ukraine within the framework of building corporate systems of risk management would allow improvement of risk management in corporations and enterprises. The prospect of further studies of domestic specialists in the field of risk management is development of the domestic standard of risk management with consideration of modern domestic specific features of development of risk management in Ukraine and leading foreign experience.

Suggested Citation

  • Dykan Volodymyr L. & Posokhov Igor M., 2014. "Study of International Standards of Risk Management," Business Inform, RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE), Kharkiv National University of Economics, issue 1, pages 314-319.
  • Handle: RePEc:idp:bizinf:y:2014:i:1:p:314_319
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