The Risk Management in Financing Decisions in Corporate Governance
Adrian-Cosmin Caraiman ()
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Adrian-Cosmin Caraiman: West University of Timisoara
Ovidius University Annals, Economic Sciences Series, 2020, vol. XX, issue 1, 859-865
In corporate governance, in any entity, risk management is necessary because both in the company and in the environment in which it operates, there are uncertainties about the nature of threats in achieving objectives, or the nature of opportunities. Any manager must ask himself the problem of managing threats, because otherwise, failing to achieve his goals, he would be disqualified, or to take advantage of opportunities for the benefit of the organization, proving his efficiency. If uncertainty is an everyday reality, then the reaction to uncertainty must also become a permanent concern. Over time, risk management should be incorporated into the organization's operations and procedures and become a component of its culture but also its decision-making processes and structures, with substantial possibilities for performance monitoring. In this article I will analyze the conceptual framework on risk management in financing decisions in corporate governance.
Keywords: risk; risk management; corporate governance; organization; uncertainties (search for similar items in EconPapers)
JEL-codes: G30 M40 M41 M42 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xx:y:2020:i:1:p:859-865
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