Zarządzanie wartością przedsiębiorstwa a zarządzanie ryzykiem – sygnalizacja problemu
Correlation between Value Based Management and Risk Management – outline of the problem

Summary/Abstract: The article discusses a management concept called VBM – Value Based Management. It investigates the correlation between the processes of value based management and risk management. It also presents one of the most popular (in recent years) methods of value measurement – EVA™ (Economic Value Added). When analyzing the determinants of value measured by EVA™, there is the risk that appears to be one of the most important determinants. The importance of risk is supported by a new group of performance measurement ratios – RAPM (Risk Adjusted Performance Measures). Next, the article presents a model of risk management process that is integrated with value management process. Risk has to be considered at every stage of the process. As a result the value of a company is maximized.

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