Corporate Risk Management in Slovenian Firms

Ales Berk (), Jozko Peterlin and Mitja Cok
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Jozko Peterlin: Institute for Corporate Finance, Slovenia
Mitja Cok: Faculty of Economics, University of Ljubljana, Slovenia

Managing Global Transitions, 2009, vol. 7, issue 3, 281-306

Abstract: In today’s competitive environment the modern firm increasingly focuses on identifying, measuring and managing various risk exposures. Risk management is interwoven with the firm’s business strategy and impacts considerably on its competitive position. Thus, management should develop an integrated approach to address it. Although hedging using derivatives accounts for just one part of such an approach, the article solely covers financial risk management using derivatives. Namely, it is found that even Slovenian blue-chip firms still have room to improve as they have only recently started to use derivatives. The article reviews some of the most interesting characteristics and practices of modern Slovenian financial risk management departments and provides a practically oriented case-study which describes the important steps a risk manager must take to hedge commodity price exposure.

Keywords: risk management; derivatives; corporate finance; hedging accounting; reporting; supervision; auditing (search for similar items in EconPapers)
JEL-codes: G32 (search for similar items in EconPapers)
Date: 2009
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