MITIGATING RISK AMIDST CATASTROPHIC EVENTS: A FOCUS ON SHAREHOLDER AND OPERATING AGREEMENTS

James Henry Dunne, Peter Harris and Terrance Jalbert

Review of Business and Finance Studies, 2021, vol. 12, issue 1, 69-78

Abstract: Risk management has traditionally encompassed the systematic identification, analysis, strategy and response to a myriad of factors that impact the sustainability of a business. Effective risk management strategies attempt to foresee and manipulate future outcomes by proactively, rather than reactively, addressing variables that may adversely impact the profitability of an organization. Responses to possible risks necessitate the creation of contingencies that outline the execution of pre-determined action plans that would be triggered if the anticipated risks were, in fact, to arise. This paper provides a discussion of risk reduction techniques which can mitigate catastrophic macro risk events such as the COVID-19 pandemic.

Keywords: Risk Management; COVID-19; Business Liability (search for similar items in EconPapers)
JEL-codes: K10 K12 K15 K19 M20 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ibf:rbfstu:v:12:y:2021:i:1:p:69-78

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