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An Approach to Enterprise RiskManagement for Archive Depos

Author

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  • ?erbãnescu Iuliu Cosmin

    (The Bucharest University of Economic Studies The Faculty of Finance, Insurance, Banking and Stock Exchange)

Abstract

ERM (Enterprise Risk Management) should be considered a solution to the inherent problems within the undertakings. Without deceiving, it really stands for an optimization and replacement of insurance contracts, as a method of potential risk transfer. The way a manager deals with these realities is transposed in the final value-added framework for the stakeholders. As a consequence, his decisions are based on a prior debate with those involved (shareholders, creditors, insurance companies, market regulatory bodies, even partners). This paper work debates the solutions for archive deposits from an ERM point of view, emphasizing the possible solution for risk mitigation. It is also stated the importance of hierarchy of controls as an adequate method regarding the risk treatment. The debate underlines the necessity for rethinking the risk management according to domain specificity. The solutions provided consider the fire risk for this legal entity, as the core cause for major prejudice.

Suggested Citation

  • ?erbãnescu Iuliu Cosmin, 2013. "An Approach to Enterprise RiskManagement for Archive Depos," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 1505-1508, May.
    • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:1:p:1505-1508
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    More about this item

    Keywords

    Enterprise Risk Management; risk mitigation; insurance optimization; risk program; risk control.;
    All these keywords.

    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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