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Identification Of Some Modalities Of Assessment And Management Of The Enterprises Sustainability Risk

Author

Listed:
  • AILINCA, Alina Georgeta

    (Centre for Financial and Monetary Research “Victor Slavescu”, N.I.E.R., Romanian Academy, Bucharest, Romania)

  • PICIU, Gabriela

    (Centre for Financial and Monetary Research “Victor Slavescu”, N.I.E.R., Romanian Academy, Bucharest, Romania)

Abstract

Economic growth can often conflict with environmental and social issues. This aspect can be seen not only at the macroeconomic level, but also at the microeconomic level, implicitly at the company level. However, companies can find approaches that might allow them, in addition to economic development, also the social welfare and environmental conservation. The risks are of course reformulated at this juncture, and the enterprises must find the most efficient ways to manage besides the classic risks, highlighted by theory and practice, also the environmental and social risks. In this context, the article aims to present some possibilities for evaluating and managing these risks, starting from the model Conan and Holder (1979).

Suggested Citation

  • AILINCA, Alina Georgeta & PICIU, Gabriela, 2020. "Identification Of Some Modalities Of Assessment And Management Of The Enterprises Sustainability Risk," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 8(1), pages 149-155, October.
    • Handle: RePEc:vls:rojfme:v:8:y:2020:i:1:p:149-155
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    References listed on IDEAS

    as
    1. Thomas Dyllick & Kai Hockerts, 2002. "Beyond the business case for corporate sustainability," Business Strategy and the Environment, Wiley Blackwell, vol. 11(2), pages 130-141, March.
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    More about this item

    Keywords

    corporate sustainability; social and environmental risks; social and environmental management system; enterprise risk management;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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