Use of Risk Analysis in Investment Measurement and Management

Merková, Martina; Drábek, Josef

doi:10.1016/s2212-5671(15)01682-2

Cited by 8 publications

(4 citation statements)

References 2 publications

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“…The ANOVA analysis was to test the significance of differences between means for the surveyed groups of enterprises due to the assessment of individual risks [ 68 ]. The analysis was also used to assess the risk of investment management [ 69 ]. The conditions for conducting the analysis were checked based on the homoscedasticity test for the key risks, Levene’s test and normality test, where the significance level-p must be equal or greater than the value of 0.05.…”

Section: Methodsmentioning

confidence: 99%

Risk Assessment of the SME Sector Operations during the COVID-19 Pandemic

Grondys

Ślusarczyk

Hussain

et al. 2021

IJERPH

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The subject matter of the article relates to the assessment of the perception of selected types of risk in economic activities of the SME sector, which change their intensity as a result of the outbreak of the COVID-19 pandemic. The current economic downturn is unprecedented and involves many companies and industries that have faced new, previously unknown challenges and threats. The objective of the article is to identify the most important risks and their resources based on the empirical research carried out in small and medium-sized enterprises in Poland. The formulated objective was accomplished using the data collection method, i.e., the survey and reports on the condition of the SME sector in Poland as well as statistical data analysis methods, i.e., structure index and the analysis of variance, using the SPSS system. The process of primary data collection was carried out by means of an electronic survey among selected enterprises of the SME sector, conducting business activities in Poland. In the study, the employment factor was taken into account as a determinant of the perception and assessment of the intensity of selected risks arising from the economic activity in the Polish market in the conditions of the current economic downturn. On the basis of the obtained results, the impact of market, economic, financial and operational risks, depending on their intensity, on the functioning of micro-, small and medium-sized enterprises was identified. Based on the analysis of variance, the effect of the size of the company on the level of individual risks was also examined. As a result of the observations made, it was established that, during the pandemic, the level and type of risk is similar in all the surveyed enterprises. They are most often threatened by strong competition in the industry, an increase in energy prices and insufficient profit. The overall results of the empirical research indicate the importance and the need to manage the key threats to the Polish SME sector.

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Section: Methodsmentioning

confidence: 99%

Risk Assessment of the SME Sector Operations during the COVID-19 Pandemic

Grondys

Ślusarczyk

Hussain

et al. 2021

IJERPH

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“…Para Merková et al (2015), com o uso das técnicas de análise de riscos as empresas obtém informações que apoiam sua tomada de decisão em relação à aceitação ou rejeição de um investimento, alcançando um desempenho ligeiramente mais elevado do que aquelas que não usufruem de tais técnicas. Antonik (2004) salienta que existem três tipos de riscos associados a projetos de investimentos: o risco inflacionário, acarretado exclusivamente pela perda de valor aquisitivo da moeda; o risco conjuntural, ligado à vários fatores combinados entre si, tais como concorrência, instabilidade da demanda em relação ao produto e condições econômicas recessivas; e, por fim, o risco financeiro, referente às condições de empréstimos, aquisições de insumos ou vendas de produtos finais.…”

Section: Métodos De Análise Econômica E Análise De Riscosunclassified

Estudo da viabilidade econômica na abertura de um e-commerce para expansão de uma marca de acessórios femininos

Hickmann

Souza

Etges

2019

P&P

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Para se investir em pequenos negócios, deve-se alinhar a capacidade produtiva ao investimento e ao retorno esperado, além de considerar a dinamicidade do ambiente. Neste contexto, o objetivo deste estudo é realizar uma análise de viabilidade econômica na abertura de uma loja física e virtual para expansão de uma marca de acessórios femininos, que hoje opera em um atelier localizado em um prédio empresarial. Em paralelo, calculou-se o Ponto de Equilíbrio Econômico na busca pela quantidade mínima de vendas para que a empresa não tenha prejuízo, sendo uma informação crucial para os varejistas. Aplicando-se os métodos de análise econômica, comprovou-se a viabilidade de se investir em ambos os modelos de negócio e, ao englobar a Análise de Sensibilidade para avaliar o risco do projeto, a demanda foi identificada como a variável mais sensível ao empreendimento, permitindo uma orientação à gestão estratégica da empresa.

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“…A risk event affect a investment project even in a good or bad way with an estimated probability, while under uncertainty there is not enough information to determine the probability of occurrence of the event. Risk analysis facilitates decision-making and reduces uncertainty; however, it is one of the most underestimated parts of a project (Merková and Drábek, 2015).…”

Section: Introductionmentioning

confidence: 99%

Improving strategic management through risk analysis: small palm (Elaeis guineensis) oil industrializers, Central America

Molina

Thompson

2020

Agron. Mesoam.

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Introduction. Palm cultivation allows oil to be obtained for human and industrial consumption. Some of its development has been achieved through associations of agricultural producers, who have had access to financing to build industrial plants for oil extraction and refinement, which is of great importance to the economy developing countries. Objective. To demonstrate how strategic and risk management influence the profitability and value of the small palm oil industrializer business. Materials and methods. Financial, technical, market, and production indicators were used in a price forecast model. The Monte Carlo simulation method was performed and a time series model was fitted to forecast the international price of palm oil. Subsequently, a univariate structural econometric model was adjusted to forecast revenue based on international price and other variables. Finally, a parameterized cash flow was developed that incorporated the results of the previous models to estimate the value of the business. Results. The international oil price forecast showed high volatility that directly affected the organization’s revenue forecasts and conveyed its effect to cash flows. The value of the business and equity was negative, and in the face of debt restructuring scenarios and the elimination of unproductive assets, they improved considerably. Conclusion. Low-diversified palm oil production companies had a high exposure to changes in international prices which, together with high levels of debt for fixed asset investments with long recovery periods, affect their cash flow, the value of the company, and its assets.

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Use of Risk Analysis in Investment Measurement and Management

Cited by 8 publications

References 2 publications

Risk Assessment of the SME Sector Operations during the COVID-19 Pandemic

Risk Assessment of the SME Sector Operations during the COVID-19 Pandemic

Estudo da viabilidade econômica na abertura de um e-commerce para expansão de uma marca de acessórios femininos

Improving strategic management through risk analysis: small palm (Elaeis guineensis) oil industrializers, Central America

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