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Transparency in Risk Management Does Mitigation and Decision-Making Process of Management

Author

Listed:
  • Oliver Momcilovic

    () (MEGATREND University Belgrade)

  • Vesna Rajakovic

    () (d.o.o. PRIVILEG Sabac)

Abstract

Tangible goods used for production, machinery, equipment and appliances, as well as natural forces and laws affected by them, which are allowing the creation of more favorable life conditions are often unpredictable and destroy what man creates and, eventually, cause property damage and aggravate the chances for progress of a mankind, production companies and society in general. Economic damage that thus occur, impelled the scientists to examine the frequency of such damage, in order to minimize or remove them completely.

Suggested Citation

  • Oliver Momcilovic & Vesna Rajakovic, 2009. "Transparency in Risk Management Does Mitigation and Decision-Making Process of Management," Analele Universitatii "Eftimie Murgu" Resita Fascicola de Inginerie, "Eftimie Murgu" University of Resita, vol. 1(XVI), pages 203-211, December.
  • Handle: RePEc:uem:journl:v:1:y:2009:i:xvi:p:203-211
    as

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    File URL: http://www.anale-ing.uem.ro/2009/2009_a29.pdf
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    References listed on IDEAS

    as
    1. Gary K Meek & Clare B Roberts & Sidney J Gray, 1995. "Factors Influencing Voluntary Annual Report Disclosures By U.S., U.K. and Continental European Multinational Corporations," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 26(3), pages 555-572, September.
    2. Amir, Eli & Lev, Baruch, 1996. "Value-relevance of nonfinancial information: The wireless communications industry," Journal of Accounting and Economics, Elsevier, vol. 22(1-3), pages 3-30, October.
    3. Marie Chavent & Yuan Ding & Linghui Fu & Herve Stolowy & Huiwen Wang, 2006. "Disclosure and determinants studies: An extension using the Divisive Clustering Method (DIV)," European Accounting Review, Taylor & Francis Journals, pages 181-218.
    4. Adams, Mike & Hossain, Mahmud, 1998. "Managerial discretion and voluntary disclosure: Empirical evidence from the New Zealand life insurance industry," Journal of Accounting and Public Policy, Elsevier, vol. 17(3), pages 245-281.
    5. Healy, Paul M. & Palepu, Krishna G., 2001. "Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature," Journal of Accounting and Economics, Elsevier, vol. 31(1-3), pages 405-440, September.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    : management; risk; process; identification; analysis; planning; control;

    JEL classification:

    • L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior

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