Who manages financial risk? An empirical examination of risk management practices in the romanian metallurgical industry

The aim of the paper is to analyze risk management practice adopted by the Romanian metallurgical enterprises and to identify new tools for hedging price risk. Romanian metallurgical companies recognize the main risks that their businesses are facing: increased prices of raw materials and energy, fo...

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Main Author: S. G. Anton
Format: Article
Language:English
Published: Croatian Metallurgical Society 2013-10-01
Series:Metalurgija
Subjects:
Online Access:http://hrcak.srce.hr/file/148605
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spelling doaj-acd4ce2b64a8476b8471c3a6aa3902642020-11-25T00:23:35ZengCroatian Metallurgical SocietyMetalurgija0543-58461334-25762013-10-01524518520Who manages financial risk? An empirical examination of risk management practices in the romanian metallurgical industry S. G. AntonThe aim of the paper is to analyze risk management practice adopted by the Romanian metallurgical enterprises and to identify new tools for hedging price risk. Romanian metallurgical companies recognize the main risks that their businesses are facing: increased prices of raw materials and energy, foreign exchange risk, and lower (domestic) demand for company’s products. Another important finding is that the perception of financial risks has improved in the last years and the companies started to use financial derivatives in order to hedge some financial risks. Nevertheless, Romanian metallurgical companies have proved to be reluctant to fully implement and adhere to suffi cient risk management practices.http://hrcak.srce.hr/file/148605metallurgyRomaniafinancial riskrisk management
collection DOAJ
language English
format Article
sources DOAJ
author S. G. Anton
spellingShingle S. G. Anton
Who manages financial risk? An empirical examination of risk management practices in the romanian metallurgical industry
Metalurgija
metallurgy
Romania
financial risk
risk management
author_facet S. G. Anton
author_sort S. G. Anton
title Who manages financial risk? An empirical examination of risk management practices in the romanian metallurgical industry
title_short Who manages financial risk? An empirical examination of risk management practices in the romanian metallurgical industry
title_full Who manages financial risk? An empirical examination of risk management practices in the romanian metallurgical industry
title_fullStr Who manages financial risk? An empirical examination of risk management practices in the romanian metallurgical industry
title_full_unstemmed Who manages financial risk? An empirical examination of risk management practices in the romanian metallurgical industry
title_sort who manages financial risk? an empirical examination of risk management practices in the romanian metallurgical industry
publisher Croatian Metallurgical Society
series Metalurgija
issn 0543-5846
1334-2576
publishDate 2013-10-01
description The aim of the paper is to analyze risk management practice adopted by the Romanian metallurgical enterprises and to identify new tools for hedging price risk. Romanian metallurgical companies recognize the main risks that their businesses are facing: increased prices of raw materials and energy, foreign exchange risk, and lower (domestic) demand for company’s products. Another important finding is that the perception of financial risks has improved in the last years and the companies started to use financial derivatives in order to hedge some financial risks. Nevertheless, Romanian metallurgical companies have proved to be reluctant to fully implement and adhere to suffi cient risk management practices.
topic metallurgy
Romania
financial risk
risk management
url http://hrcak.srce.hr/file/148605
work_keys_str_mv AT sganton whomanagesfinancialriskanempiricalexaminationofriskmanagementpracticesintheromanianmetallurgicalindustry
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