Davcev, Ljupco and Paceskoski, Vlatko and Bezovski, Zlatko (2012) The role of operational risk in the riskmanagement function. Conference Proceedings-1st International Conference South-East European Countries towards European Integration 20th October 2012 Elbasan – Albania. pp. 419-424. ISSN 2221-5956
Preview |
Text
Electronic Proceedings 1st International Conference - South East European Countries towards Europe-Elbasan,Albania.pdf Download (23MB) | Preview |
Abstract
The purpose of this paper is to discuss the different types of risk and general approaches to analyze risk in a company,
and to describe the importance of implementing a formal risk management policy in a company. Business risks are
diversifiable and specific to the industry and the market in which a firm operates. Part of the business risks is operational risk which incorporates the direct or indirect loss resulting from inadequate or failed internal process, people and systems or form external events. The paper explains the components of operational risk and situation of his appearance, as well as the steps for creating risk management policy.
| Item Type: | Article |
|---|---|
| Subjects: | Social Sciences > Economics and business |
| Divisions: | Faculty of Economics |
| Depositing User: | Ljupco Davcev |
| Date Deposited: | 30 Nov 2012 10:46 |
| Last Modified: | 30 Nov 2012 10:46 |
| URI: | https://eprints.ugd.edu.mk/id/eprint/2557 |
Actions (login required)
 |
View Item |