The risk identification and assesment on the example of companies from the automotive industry in Poland

Podgórska Joanna (), Mormul Katarzyna () and Maksymowicz Janusz ()
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Podgórska Joanna: University of Information Technology and Management in Rzeszow, Poland
Mormul Katarzyna: University of Information Technology and Management in Rzeszow, Poland
Maksymowicz Janusz: TÜV NORD Poland

Financial Internet Quarterly (formerly e-Finanse), 2022, vol. 18, issue 4, 89-99

Abstract: The issues related to the identification and assessment of risk in the automotive industry are particularly important from the point of view of functioning in a changing environment. The main purpose of the article is to present the basic definitions of risk and its types, as well as to identify the most important sources of industry risk for companies operating in the automotive industry in Poland. In addition, it is also crucial to assess the impact of identified risks on the activities of these enterprises. Two methods were used in the empirical part: a survey questionnaire (research conducted with the management staff) and an in-depth interview, which was conducted with an auditor in the automotive industry. The research results show that in companies from the automotive industry, the main risks are identified in individual areas: operational, legal and IT. One of the main challenges is the ability to adapt to changing conditions, but also the diversification of suppliers so that a key supplier does not shut down the entire production line.

Keywords: automotive industry; map of risk; risk; risk management (search for similar items in EconPapers)
JEL-codes: K2 L5 M2 M4 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:finiqu:v:18:y:2022:i:4:p:89-99:n:1

DOI: 10.2478/fiqf-2022-0030

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