SYNTHETIC ANALYSIS OF CREDIT RISK - PREVENTION AND MANAGEMENT

Lapadusi Mihaela Loredana
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Lapadusi Mihaela Loredana: CONSTANTIN BRANCUSI UNIVERSITY OF TG-JIU, ROMANIA

Annals - Economy Series, 2013, vol. 1, 102-108

Abstract: The uncertainty of the economic and social environment in which a company operates represents the essential feature from which are discharged all types of hazards. Protection against risks, mitigation of their effects that are measured by the losses generated are issues which led to the continuous improvement of the measure of prevention and management of risk. The article puts in to highlight a number of aspects related to the prevention and management of credit risk, two key actions on the conduct of the business of a firm, but in carrying out the activities. In the presentation of the article we focused on a synthetic analysis of the sources of information used in credit risk analysis based on information from sources both within the company and outside of it. The importance of prevention and management of credit consists in being able to forecast the possible production of the event of credit risk and of taking in time the necessary decisions in order to reduce this and some adverse consequences. The essence of credit risk can be expressed by the possibility of the quantification of likelihood appearance of this risk with consequences which have a direct effect on the activity of banks or financial institutions.

Keywords: credit risk; prevention; transfer; political risk; commercial risk (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2013:v:1:p:102-108

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