Oditor, Vol. III, No. 01/2017

EVALUATION OF RISC IN FINANCIAL MANAGEMENT
by Radovan Klincov[74], Aleksandar Majstorović[75], Jova Miloradić[76]

Date received: 16.02.2017.
Date accepted: 18.04.2017.
UDK: 658.14/.17
005.334

Abstract

Economies with dominant private ownership and developed market institutions build their prosperity on a firm`s goal function in a form of maximization owner`s wealth. Financial situation of business organization is most important indicate that shows level of financial health. The creation of value for the owners imply two matters simultaneously competitive advantage and the evaluation of economic effects.

Key words: management, value, money means, risc, financial situation.

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[74]Radovan Klincov Ph.D., Full Professor, University of Business Studies, Banja Luka, Jovana Dučića no. 23a, Bosnia and Herzegovina, E-mail: direktorups@univerzitetps.com
[75]Aleksandar Majstorović Ph.D., Full Professor, School of economics and management studies, Karađorđeva no. 52, Kragujevac, Serbia.
[76]Jova Miloradić Ph.D., Associate Professor, Faculty of Business Economics , Edukons University, Novi Sad, Serbia.