Oditor, Vol. IV, No. 03/2018
VaR ANALYSIS FOR THE FINANCIAL RISK IDENTIFICATION OBJECTIVE
Branislav Obradović[1], Bernardo Aureo[2], Miloš Miljković[3]
Date recieved: 12.09.2018.
Date accepted: 21.11.2018.
doi:10.5937/Oditor1803041O
UDK: 005.334:336.76
JEL: A29
Summary
Business decision-making in today’s highly turbulent environment takes place under conditions of uncertainty and risk. Due to changes in the economy and finances, there are various risks that, in some cases, management can not be affected because the efficiency and future of the business of companies and which can be controlled and managed to satisfy owners, management, employees and other stakeholders. This paper explains VaR analysis as a method for modern risk management as well as pointing out its shortcomings.
Keywords: VaR, financial analysis, financial risks, market risks, interest rates risks.