Приказ основних података о дисертацији
Uticaj upravljanja rizikom na vrednost preduzeća u elektro-energetskom sektoru
The impact of risk management on company value in power sector
dc.contributor.advisor | Lončar, Dragan | |
dc.contributor.other | Rajić, Vesna | |
dc.contributor.other | Đuričin, Dragan | |
dc.contributor.other | Živković, Boško | |
dc.contributor.other | Rajaković, Nikola | |
dc.creator | Vuksanović, Iva D. | |
dc.date.accessioned | 2016-03-09T09:16:01Z | |
dc.date.available | 2016-03-09T09:16:01Z | |
dc.date.available | 2020-07-03T08:30:58Z | |
dc.date.issued | 2015-12-24 | |
dc.identifier.uri | https://nardus.mpn.gov.rs/handle/123456789/4826 | |
dc.identifier.uri | http://eteze.bg.ac.rs/application/showtheses?thesesId=2523 | |
dc.identifier.uri | https://fedorabg.bg.ac.rs/fedora/get/o:10568/bdef:Content/download | |
dc.identifier.uri | http://vbs.rs/scripts/cobiss?command=DISPLAY&base=70036&RID=47548943 | |
dc.description.abstract | Upravljanje rizikom u preduzeću predstavlja složen sistem identifikovanja, merenja i praćenja relevantnih rizika, kao i donošenje odgovarajućih odluka kojima se izloženost datim rizicima usklađuje sa definisanim apetitom za rizik. Ova disertacija bavi se relativno novom koncepcijom upravljanja rizikom koja sve aktivnosti u procesu upravljanja rizikom i odluke vezane za rizik oblikuje iz perspektive uticaja na vrednost preduzeća. U pitanju je povezivanje koncepcija upravljanja vrednošću (engl. VBM-value based management) i upravljanja rizikom u preduzeću (engl. ERM-enterprise risk management), u čijem se preseku nalazi jedno od najizazovnijih pitanja poslovne ekonomije, pitanje procene vrednosti preduzeća (engl. company valuation). Rezultirajuća koncepcija označava se kao upravljanje rizikom bazirano na vrednosti (engl. VB ERMvalue based risk management). U disertaciji je testirana primena koncepcije VBERM na primeru preduzeća iz elektroenergetskog sektora u Srbiji. Uticaj upravljanja rizikom na vrednost odabranog preduzeća je ispitivan pomoću stohastičkih i determinističkih metoda scenario analize i simulacije. Da bi se to postiglo, prvo je formulisan finansijski model koji stavlja u vezu ključne rizike iz tzv. „univerzuma rizika“, pokretače vrednosti i vrednost preduzeća. U sledećem koraku, izvršeno je merenje parcijalnog i agregatnog uticaja ključnih rizika na vrednost poštujući identifikovane korelacione veze. Rezultati istraživanja govore o intenzitetu uticaja sistematskog i specifičnog rizika na preduzeća u Srbiji, kao i o dometima primene determinističkih naspram stohastičkih metoda u upravljanju rizikom u realnom sektoru. | sr |
dc.description.abstract | Enterprise risk management is a complex system that includes identification, measurement, and monitoring of all relevant risks, as well as appropriate decision making that aligns exposure to those risks with predefined risk appetite. This dissertation deals with relatively new concept of risk management that assesses all activities and decisions in the risk management process from the perspective of value creation. Precisely, it is an alignment between Value based management (VBM) and Enterprise risk management (ERM) concepts, with one of the most challenging issues in business economics, the calculation of company value, at their intersection. The emerging concept is known as Value based enterprise risk management (VB ERM). Empirical test of the application of VB ERM was performed in the power company in Serbia. The impact of risk management on analyzed company value was calculated by using stochastic and deterministic scenario analysis and simulations. In order to achieve that, a financial model was first created, one that connects key risks from the so-called “risk universe”, value drivers, and company value. In the following phase of research, measurement of individual and aggregate impact of key risks on company value was performed, by respecting previously identified correlations. The results of the analysis point to the significance of systematic vs. idiosyncratic risk for companies in Serbia, as well as to the importance and scope of deterministic vs. stochastic methods in risk management in the real sector. | en |
dc.format | application/pdf | |
dc.language | sr | |
dc.publisher | Универзитет у Београду, Економски факултет | sr |
dc.relation | info:eu-repo/grantAgreement/MESTD/Basic Research (BR or ON)/179050/RS// | |
dc.rights | openAccess | en |
dc.rights.uri | https://creativecommons.org/licenses/by-nc/4.0/ | |
dc.source | Универзитет у Београду | sr |
dc.subject | rizik | sr |
dc.subject | risk | en |
dc.subject | vrednost | sr |
dc.subject | pokretači vrednosti | sr |
dc.subject | upravljanje rizikom | sr |
dc.subject | procena vrednosti | sr |
dc.subject | realni sektor | sr |
dc.subject | elektro-energetski sektor | sr |
dc.subject | deterministička scenario analiza | sr |
dc.subject | stohastička scenario analiza | sr |
dc.subject | company value | en |
dc.subject | value drivers | en |
dc.subject | risk management | en |
dc.subject | company valuation | en |
dc.subject | real sector | en |
dc.subject | power sector | en |
dc.subject | deterministic scenario analysis | en |
dc.subject | stochastic scenario analysis | en |
dc.title | Uticaj upravljanja rizikom na vrednost preduzeća u elektro-energetskom sektoru | sr |
dc.title | The impact of risk management on company value in power sector | en |
dc.type | doctoralThesis | en |
dc.rights.license | BY-NC | |
dcterms.abstract | Лончар, Драган; Рајић, Весна; Ђуричин, Драган; Живковић, Бошко; Рајаковић, Никола; Вуксановић, Ива Д.; Утицај управљања ризиком на вредност предузећа у електро-енергетском сектору; Утицај управљања ризиком на вредност предузећа у електро-енергетском сектору; | |
dc.identifier.fulltext | http://nardus.mpn.gov.rs/bitstream/id/4547/Disertacija473.pdf | |
dc.identifier.fulltext | https://nardus.mpn.gov.rs/bitstream/id/4547/Disertacija473.pdf | |
dc.identifier.fulltext | https://nardus.mpn.gov.rs/bitstream/id/4548/Vuksanoviv_Iva_D.pdf | |
dc.identifier.fulltext | http://nardus.mpn.gov.rs/bitstream/id/4548/Vuksanoviv_Iva_D.pdf | |
dc.identifier.rcub | https://hdl.handle.net/21.15107/rcub_nardus_4826 |