Challenges of Corporate Risk Management after Global Financial Crisis

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F29142890%3A_____%2F16%3AN0000010" target="_blank" >RIV/29142890:_____/16:N0000010 - isvavai.cz</a>
Result on the web
<a href="https://msed.vse.cz/msed_2016/index" target="_blank" >https://msed.vse.cz/msed_2016/index</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Challenges of Corporate Risk Management after Global Financial Crisis
Original language description
This paper discusses potential challenges of Corporate Risk Management after global financial crisis. Global financial crisis has negative effect to the financial health of world economies, which have been affected by the financial health of operating firms. By the Pittman & Ivry (2009) was the value of the world's companies which has been wiped out by this crisis in the amount of $ 14.5 trillion, or 33%. The most common reason for the bankruptcies of global firms were poor quality risk management within these companies. One of the positive effects of this crisis was the creation of the ISO standard ISO 31000: 2009 Risk Management - Principles and guidelines (with supporting standard IEC 31010: 2009 - Risk Management - Risk assessment techniques). Corporate risk management has emerged as one of the most important corporate activities. Influence of ISO 31000 to the company was so fundamental that it published, in effect, there was also a significant change in the revised standard ISO 9001: 2015 - which in itself involves a new risk management system. Whether these measures will help in the future to help improve the financial health of companies is an important issue that deserves our attention in further research.
Czech name
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Czech description
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Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
10th International Days of Statistics and Economics
ISBN
978-80-87990-10-0
ISSN
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e-ISSN
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Number of pages
9
Pages from-to
154-162
Publisher name
Melandrium
Place of publication
Slaný, Czech Republic
Event location
Praha, Czech Republic
Event date
Sep 8, 2016
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
000389515100016

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