The Impact of Changing Business Environment on Risk Types

Tina Jakaša, Diana Bratić and Fivos Iliopoulos

Economic Research-Ekonomska Istraživanja, 2009, vol. 22, issue 4, 52-68

Abstract: The changes in business environment resulted in new types of risks in the electric power companies. Therefore, it is very important for electric power companies to identify risks and to find correlations between them on a regular basis, so as to protect and increase the company value. This paper proposes the following three hypothesises: H1 There are changes in types of risks in electric power companies in the course of the last decade. H2 There is a correlation between the intensity of market competition and the impact of the present types of risks. H3 There is a correlation between present types of risks in electric power companies. All theses were proven to be true. Moreover, we identified the most critical risks that the electric power companies are facing today, and have compared them with those of a decade ago. We explored the intensity of market competition and examined a relationship with different types of risks.

Date: 2009
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DOI: 10.1080/1331677X.2009.11517391

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