Title: PUBLIC COMPANY RISK MANAGEMENT AND ITS IMPACT ON ECONOMIC DEVELOPMENT
Abstract: Risk is a very important and very current factor in both private and public businesses. Knowing that it is impossible to completely eliminate risk arises the need for risk management. Risk is in principle all that relates to future events, the occurrence or non-occurrence of which may directly / indirectly affect the achievement / non-achievement of organizational objectives.Risk management in the field of management is a relatively consolidated discipline and the existing literature is quite rich. However, treating risk as a managerial function in the public sector has received increasing interest only in recent years. This study provides an analysis in the context of risk management in the public sector in Kosovo, and as a case study the Regional Waste Company (RWC) 'Unity Mitrovica' was taken. Referring to the study results, the lack of a well-designed internal risk management system is a major problem facing the company. In addition, the analysis shows that the company's financial statements are not always clear and reflect the true financial position of the company. Overall, the treated risk literature and the existing standards have provided a good basis for conducting a risk analysis in the context of a Kosovo company.
Publication Year: 2020
Publication Date: 2020-01-20
Language: en
Type: article
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