Political risk management as corporate responsibility

The staggering number of specialized reports published by leading consulting firms and research groups clearly demonstrates that political risk is a factor widely followed by international business community. Nevertheless, as paradoxical as it may seem, in spite of the general awareness to political...

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Autor principal:	Anastasia N. Bordovskikh
Formato:	article
Lenguaje:	EN RU
Publicado:	Ассоциация независимых экспертов «Центр изучения кризисного общества» (in English: Association for independent experts “Center for Crisis Society Studies”) 2016
Materias:	политический риск оценка политического риска корпоративная ответственность глобальный политический кризис риск-менеджмент международная безопасность иностранные инвестиции political risk political risk analysis corporate responsibility global political crisis risk-management international security foreign investment International relations JZ2-6530
Acceso en línea:	https://doaj.org/article/dff5cf0d3af84d1e80d8ec4969449015
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spelling	oai:doaj.org-article:dff5cf0d3af84d1e80d8ec49694490152021-11-07T14:45:00ZPolitical risk management as corporate responsibility2542-02402587-9324https://doaj.org/article/dff5cf0d3af84d1e80d8ec49694490152016-04-01T00:00:00Zhttps://www.ogt-journal.com/jour/article/view/238https://doaj.org/toc/2542-0240https://doaj.org/toc/2587-9324The staggering number of specialized reports published by leading consulting firms and research groups clearly demonstrates that political risk is a factor widely followed by international business community. Nevertheless, as paradoxical as it may seem, in spite of the general awareness to political risk, only few companies are actually monitoring and managing it on a regular basis. Most corporations limit themselves to publicly available data provided by mainstream media or consulting firms and follow the ready-made generic recommendations issued by bodies such as national and international regulators, major think tanks, and specialized unions. Recent events in Ukraine, Middle East and Africa, though, show that political factors are being more than ever crucial to international business and accentuate the problematic of integrated corporate political risk management. Present paper analyses several notorious manifestations of political risk which took place in the last years. It particularly focuses on the chain effect of the losses and damages these risks have caused to various actors, including but not limited to business entities. Our main goal consists in demonstrating that political risk management must become a part of every firm’s responsibility as international mitigation programs and government surveillance alone become insufficient measures to maintain the security standards in the global perspective.Anastasia N. BordovskikhАссоциация независимых экспертов «Центр изучения кризисного общества» (in English: Association for independent experts “Center for Crisis Society Studies”)articleполитический рискоценка политического рискакорпоративная ответственностьглобальный политический кризисриск-менеджментмеждународная безопасностьиностранные инвестицииpolitical riskpolitical risk analysiscorporate responsibilityglobal political crisisrisk-managementinternational securityforeign investmentInternational relationsJZ2-6530ENRUКонтуры глобальных трансформаций: политика, экономика, право, Vol 9, Iss 2, Pp 67-80 (2016)
institution	DOAJ
collection	DOAJ
language	EN RU
topic	политический риск оценка политического риска корпоративная ответственность глобальный политический кризис риск-менеджмент международная безопасность иностранные инвестиции political risk political risk analysis corporate responsibility global political crisis risk-management international security foreign investment International relations JZ2-6530
spellingShingle	политический риск оценка политического риска корпоративная ответственность глобальный политический кризис риск-менеджмент международная безопасность иностранные инвестиции political risk political risk analysis corporate responsibility global political crisis risk-management international security foreign investment International relations JZ2-6530 Anastasia N. Bordovskikh Political risk management as corporate responsibility
description	The staggering number of specialized reports published by leading consulting firms and research groups clearly demonstrates that political risk is a factor widely followed by international business community. Nevertheless, as paradoxical as it may seem, in spite of the general awareness to political risk, only few companies are actually monitoring and managing it on a regular basis. Most corporations limit themselves to publicly available data provided by mainstream media or consulting firms and follow the ready-made generic recommendations issued by bodies such as national and international regulators, major think tanks, and specialized unions. Recent events in Ukraine, Middle East and Africa, though, show that political factors are being more than ever crucial to international business and accentuate the problematic of integrated corporate political risk management. Present paper analyses several notorious manifestations of political risk which took place in the last years. It particularly focuses on the chain effect of the losses and damages these risks have caused to various actors, including but not limited to business entities. Our main goal consists in demonstrating that political risk management must become a part of every firm’s responsibility as international mitigation programs and government surveillance alone become insufficient measures to maintain the security standards in the global perspective.
format	article
author	Anastasia N. Bordovskikh
author_facet	Anastasia N. Bordovskikh
author_sort	Anastasia N. Bordovskikh
title	Political risk management as corporate responsibility
title_short	Political risk management as corporate responsibility
title_full	Political risk management as corporate responsibility
title_fullStr	Political risk management as corporate responsibility
title_full_unstemmed	Political risk management as corporate responsibility
title_sort	political risk management as corporate responsibility
publisher	Ассоциация независимых экспертов «Центр изучения кризисного общества» (in English: Association for independent experts “Center for Crisis Society Studies”)
publishDate	2016
url	https://doaj.org/article/dff5cf0d3af84d1e80d8ec4969449015
work_keys_str_mv	AT anastasianbordovskikh politicalriskmanagementascorporateresponsibility
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Political risk management as corporate responsibility

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