Comparative analysis of corporate risk management practices in Croatian and Slovenian companies
Sprcic, Danijela Milos and Sevic, Zeljko (2008) Comparative analysis of corporate risk management practices in Croatian and Slovenian companies. Zagreb International Review of Economics and Business, 11 (2). pp. 63-80. ISSN 1331-5609Full text not available from this repository.
The paper explores differences as well as commonalities in corporate risk management practices and risk exposures in the large non-financial Slovenian and Croatian companies. Comparative analysis of survey results have revealed that the majority of analysed companies in both Croatia and Slovenia are using some form of risk management to manage interest-rate, foreign exchange, or commodity price risk. Regarding the intensity of influence of financial risks on the performance of the analysed companies, the results have shown that the price risk has the highest influence among the Slovenian as well as the Croatian companies. Croatian companies are more affected by currency risk than the Slovenian companies, while the interest-rate risk has been ranged as less important in comparison with commodity price and currency risks. The survey’s results have clearly indicated that Croatian and Slovenian non-financial companies manage financial risks primarily with simple risk management instruments such as natural hedging. In the case of derivatives use, forwards and swaps are by far the most important instruments in both countries, but futures as representatives of standardised derivatives and structured derivatives are more important in the Slovenian than in the Croatian companies.
|Additional Information:||Šević, Željko [Original spelling]. Miloš Sprčić, Danijela [Original spelling]|
|Uncontrolled Keywords:||corporate risk management, financial risks, risk management instruments, derivatives, large non-financial companies,|
|Subjects:||D History General and Old World > DR Balkan Peninsula
H Social Sciences > HD Industries. Land use. Labor > HD61 Risk Management
|Faculty / Department / Research Groups:||Faculty of Business > Department of Accounting & Finance|
|Last Modified:||14 Oct 2016 09:07|
Actions (login required)