Measuring the economic effciency of corporate risk management
Risk management, along with financial management are the most important trends of the modern corporate governance, the efficiency of those cannot be determined unambiguously. The most common methods of evaluating are the following: cost and value-based approach, KPI’s, rating assessment. This diversity is the result of the versatility of risk management. Despite the prevalence of these approaches to the evaluation of the successfulness of risk management, it should be mentioned that the problem of its comprehensive assessment of the efficiency is unsolved. The basis of the risk management efficiency is the economic impact of its implication, which evaluation methodology is disclosed in this article.