Risk Management in the Age of Turbulence - Failures and Challenges

Daniela Matei (), Dragos Cristea () and Alexandru Capatina
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Daniela Matei: Faculty of Economic and Business Administration, Dunarea de Jos University of Galati, Romania
Dragos Cristea: Faculty of Economic and Business Administration, Dunarea de Jos University of Galati, Romania

Economics and Applied Informatics, 2012, issue 2, 17-22

Abstract: Today’s business, being affected by the continuous changes in economic environment, must reinvent the “prudent risk taking” concept to strike an appropriate balance between risk, return and growth, in order to create lasting value. This paper is focused on describing the nature of risk and the objectives of risk management. In the context of more attractive risk conceptual simplifications which often lead to significant errors, the paper explains the failures in risk management, the way of their occurrence and the methods of reducing their occurrence.

Keywords: Risk management; Distribution of returns; Failures; Globalization; Risk measurement models (search for similar items in EconPapers)
JEL-codes: C50 D81 (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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http://www.ann.ugal.ro/eco/Doc2012.2/Matei_Cristea_Capatina.pdf (application/pdf)

Related works:
Journal Article: Risk Management in the Age of Turbulence:Failures and Challenges (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:ddj:fseeai:y:2012:i:2:p:17-22

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