Challenges of Corporate Risk Management after Global Financial Crisis

Kód výsledku v 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>

Výsledek na webu

<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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Jazyk výsledku

angličtina

Název v původním jazyce

Challenges of Corporate Risk Management after Global Financial Crisis

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Challenges of Corporate Risk Management after Global Financial Crisis

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

N - Vyzkumna aktivita podporovana z neverejnych zdroju

Rok uplatnění

2016

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

10th International Days of Statistics and Economics

ISBN

978-80-87990-10-0

ISSN

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e-ISSN

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Počet stran výsledku

9

Strana od-do

154-162

Název nakladatele

Melandrium

Místo vydání

Slaný, Czech Republic

Místo konání akce

Praha, Czech Republic

Datum konání akce

8. 9. 2016

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

000389515100016