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Risk Assesment: An Important Tool for Companies

Author

Listed:
  • PANAIT NICOLETA GEORGETA

    (“Nicolae Titulescu” University, Bucharest, Romania)

  • PANAIT COSTIN ALEXANDRU

    (University of Craiova cod: 20058513, A.I.Cuza Street, Craiova, Dolj, ROMÂNIA)

Abstract

The study summarizes what it means risks, the main risk management strategies. The complexity of the business environment, liberalization and internationalization of financial flows, brings rapid innovation, diversified financial markets, new opportunities but also multiplied risks. Companies from Romania establish the types of risks they are prepared to take and the threshold at which risk is considered significant. The process of determining the risks that are taken includes the nature, the scale and the complexity of risk.

Suggested Citation

  • Panait Nicoleta Georgeta & Panait Costin Alexandru, 2017. "Risk Assesment: An Important Tool for Companies," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 5(2), pages 97-102, December.
  • Handle: RePEc:ntu:ntugeo:vol5-iss2-17-097
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