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Risk Management in International Bussiness

Author

Listed:
  • Nistor, Rozalia
  • Nistor, Costel
  • Muntean, Mihaela-Carmen

Abstract

Any activity or economic effort is based on a number of unknown and uncertain factors or opportunities simply because its subject is located in the future. All decisions or actions that will lead to a production process or act of foreign trade is inevitably initiated or taken in circumstances of uncertainty and risk. There are sometimes situations where the uncertainty is too high, making it virtually impossible because a decision or goal in itself or the way that it can achieve are not sufficiently defined, or that risks could be totally destructive. In normal economic life, we don’t have to choose between risky situations and certain situations, but between different degrees of risk and different outcomes.

Suggested Citation

  • Nistor, Rozalia & Nistor, Costel & Muntean, Mihaela-Carmen, 2009. "Risk Management in International Bussiness," MPRA Paper 25362, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:25362
    as

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    File URL: https://mpra.ub.uni-muenchen.de/25362/1/MPRA_paper_25362.pdf
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    More about this item

    Keywords

    risk; uncertainty; variable; risk cost;
    All these keywords.

    JEL classification:

    • F50 - International Economics - - International Relations, National Security, and International Political Economy - - - General
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • 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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