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The Need to Identify Risks in the Economic Agent’s Activity

Author

Listed:
  • Gabriela Dobrotă

    (“Constantin Brâncuşi” University of Tg.-Jiu, Romania)

Abstract

A world in constant motion, an economy in which the corresponding fluctuations of different indicators of economic phenomena and processes are recorded in short intervals of time, the transition to a market economy in most countries of the world and thus, eliminating the administrative mechanisms of management are just some issues generating event risk both at the macroeconomic level and microeconomic level. Operational risk, market risk, bankruptcy risk, currency risk, investment risk, technological risk are acting categories in the business environment and put their imprint on the work carried out by economic entities and the results obtained. Exercise of active management of risk involves identifying potential risks, their quantification, a set of appropriate measures to prevent or limit the effects generated.

Suggested Citation

  • Gabriela Dobrotă, 2009. "The Need to Identify Risks in the Economic Agent’s Activity," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 9(3), pages 223-232.
    • Handle: RePEc:pet:annals:v:9:i:3:y:2009:p:223-232
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    Cited by:

    1. Ion Popa-Lala & Cecilia – Nicoleta Anis, 2010. "Profitability and Risk – Components of the Financial Management," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 2(2), pages 39-46, June.

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