Publication details
Řízení finančních rizik podniku v mezní situaci
| Title in English | Risk management of the firm in the extreme situation |
|---|---|
| Authors | |
| Year of publication | 2012 |
| Type | Article in Proceedings |
| Conference | Řízení a modelování finančních rizik, sborní referátů z mezinárodní vědecké konference |
| MU Faculty or unit | |
| Citation | |
| Field | Economy |
| Keywords | Firm-financial risk-catastrophe-hazard-insurance-claim paid |
| Attached files | |
| Description | Paper is devoted to the risk management of the firm in extreme situation, when there are not disposable neither own financial resources or standard external resources (bank loan). The reasons for extreme situation are the catastrophic losses, resulting from either the negative consequence of the contingency or special form of the risk behavior – hazard. From all possible financial risks, the most important is the liquidity or insolvency risk – it may even cause the bankrupt of the company. For firm in the extreme situation there is in fact only one possibility to manage the liquidity risk – the insurance, more precisely the claim paid (public resources are not considered). |