A Theoretical Study on the Concept of Risk in Enterprises, Dynamics of Risk in International Business, Investing in Turkey & Evaluation of Macro Risks Abstract

Aytac Gokmen ()
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Aytac Gokmen: Assist. Prof., Cankaya University, Faculty of Economics and Administrative Sciences, Department of International Trade

Ege Academic Review, 2014, vol. 14, issue 2, 175-187

Abstract: The management of risk has always possessed a sweeping importance in the field of business. Risk management can be most plainly defined as the neutralization of uncertainties or the sources of a possible ambiguity a business could confront. The management of risk comprises the origination of risk from both inside of an enterprise and outside environment. Moreover, the management of risk can be considered in a combined approach involving internal and external factors and comprises political, financial, commercial and economic aspects. Turkey is a considerable state at the threshold of Eurasia. It is close to many markets and promising with economic regards. However, owing to various negative economic reasons, it is exposed to considerable degree of uncertainty and investment climate is not as favorable as it is supposed to be. Thus, the aim of this study is to evaluate the risk and the concept of risk management depending on credible national and international publications and provide a comprehensive conceptual point of view on investment risks with comprising the Turkish case and offer suggestions for future developments.

Keywords: Risk; international business; investment; Turkey (search for similar items in EconPapers)
JEL-codes: E22 F21 F23 M16 (search for similar items in EconPapers)
Date: 2014
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