| Title: | A comprehensive composite model of the corporate risk management index as a factor of medium-sized and large companies value change |
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| Authors: | ID Malnar, Ana (Author)
ID Jagrič, Timotej (Mentor) More about this mentor...  |
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| Files: |  DOK_Malnar_Ana_2025.pdf (3,53 MB)
MD5: A6B551A1CEFF9981739CFE7F1852CBF7
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| Language: | English |
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| Work type: | Doctoral dissertation |
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| Typology: | 2.08 - Doctoral Dissertation |
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| Organization: | EPF - Faculty of Business and Economics
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| Abstract: | Operating in today's turbulent environment is characterized by, among other things, significant risks. The current trends of deregulation and globalization of markets increase the impact of risks on the company's operations and, consequently, on its value, being a source of potential unforeseen losses due to changes in market prices, financial difficulties or other difficulties of the company. As business practices, environments, and trends change, some areas of risk management become increasingly important. When distinguishing between the terms risk and uncertainty, it can be said that they are related but different. While uncertainty is unknown and changing, risk is the result of uncertainty. All of these factors can have a significant impact on a company's cash flow, earnings, and enterprise value. The nature of risk has directed risk management to protect companies from financial difficulties, and recognizing different categories of risk such as credit, market, or ESG risks can become an important step to ensure uninterrupted business operations and protection of corporate assets. By achieving the fundamental goal of identifying and managing various forms of risk, the company will become increasingly better able to survive and operate successfully in the modern economic environment, ultimately contributing to increased shareholder value. A further step in understanding and evaluating the concept of integrated risk management in organizations is the composite risk management index, which according to numerous authors represents a significant contribution and advance in the quantitative approach to measuring and evaluating the risk management process. The CRM index represents a comprehensive dimension of CRM that effectively measures the construct. The CRM Index is proposed as an effective measure of CRM implementation and was constructed based on data derived from a thorough review of the literature. The said index uniformly assesses the data on the frequency, depth and completeness of risk management practices in organizations. The purpose of the doctoral dissertation implies and includes a theoretical and practical contribution in the field of corporate risk management and the formation of a composite index as a measurement tool for the implementation of the above process in medium-sized and large companies, as well as ways of creating, generating and measuring newly created value as a product of their interaction, with the expectation of understanding and strengthening interest in this research subject as a broad topic. A unique scientific contribution from both a theoretical and practical perspective is given. From a theoretical perspective, the research conducted makes a significant contribution to the scientific knowledge on the effects of corporate risk management as a function of the creation of medium and large firms in multiple and multiplicative ways. The academic literature is improved by conceptually upgrading various research niches, concepts and phenomena of this field of knowledge, and the interrelationships and interdependencies of corporate risk management are recognized and identified, and their effects on the creation and growth of value of non-financial firms are observed. In addition, it consolidates the different academic views on the process of enterprise risk management and further clarifies its concept, defines its scope and determines the level of action. |
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| Keywords: | corporate risk management, firm performance, corporate risk management index, value growth |
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| Place of publishing: | Maribor |
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| Publisher: | A. Malnar] |
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| Year of publishing: | 2025 |
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| PID: | 20.500.12556/DKUM-95834 |
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| UDC: | 005.52:005.334(043.3) |
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| COBISS.SI-ID: | 258565123 |
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| Publication date in DKUM: | 25.11.2025 |
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| Views: | 187 |
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| Downloads: | 32 |
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| Metadata: |    |
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| Categories: | EPF
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