RISKS MANAGEMENT IS A CONSEQUENCE OF MANAGERIAL INTERNAL CONTROL IN UNIVERSITIES

Medar Lucian-Ion
Additional contact information
Medar Lucian-Ion: CONSTANTIN BRANCUSI UNIVERSITY OF TARGU - JIU, FACULTY OF ECONOMICS AND BUSINESS ADMINISTRATION

Annals - Economy Series, 2014, vol. Special, 418-422

Abstract: Risks Management in universities is a function that depends on a number of internal and external factors of higher education institutions. Risks are recorded and analyzed by those who exercise a managerial functions. These can be grouped into a first form, in system risks, operational risks and market risks. System risks have emerged as a result of legislative changes. Market risks are as a consequence of the non correlation of educational system with labor market. And operational risks are most evident and are operative highlight by the management of university structures. These risks can be identified, measured, monitored and controlled to avoid cause damage. Inherent risks that are not properly treated, can be turn into residual risks that may negatively influence the way of achieving the goals. Among these, there is the significant risks with significant impact on economic and reputational situation of higher education institutions. Risks Management in universities is a consequence of managerial internal control and involves several distinct stages well established by specific procedures. In this paradigm, establishment of control strategies and risk management are very important.

Keywords: risk culture; risk assessment; risk management strategy (search for similar items in EconPapers)
Date: 2014
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.utgjiu.ro/revista/ec/pdf/2014-04.Special/73_Medar.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2014:v:special:p:418-422

Access Statistics for this article

More articles in Annals - Economy Series from Constantin Brancusi University, Faculty of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Ecobici Nicolae ( this e-mail address is bad, please contact ).