Corporate Risk Management

Risk terminology, the system of corporate risks, the legal basics of risk management, corporate governance codex, Basel II, the Sarbanes Oxley Act, risk identification (early warning systems, drop out effect analyses, risk workshops, standardised questionnaires, error tree analyses, business inspections, brainstorming etc.), risk assessment (expected value of damage, expert assessments, sensitivity analyses, value at risk, scoring models, correction procedure through risk premiums, regression and correlation analysis), risk aggregation (risk inventory, risk map, risk cube, risk portfolio), controlling risk and risk monitoring (risk strategy, risk avoidance, risk minimisation, risk diversification, risk precautions, risk limiting, early warning indicators, risk based indicator systems), risk reporting, risk management and controlling, anchoring structural risk management within the organisation.

Mode of delivery

face to face

Type

compulsory

Recommended or required reading and other learning resources/tools

Binder-Pöchacker/Eder: Corporate Risk Management

Planned learning activities and teaching methods

Integrated class, combining lectures, discussion and student presentations of prepared examples

Assessment methods and criteria

Continuous assessment; 30 points can be received through participation in class (test and presentation of examples) and 70 points through a written final exam.

Prerequisites and co-requisites

Managerial accounting, financial accounting, corporate accounting, civil law

Infos

Degree programme

European Economy & Business Management (Bachelor)

Cycle

Bachelor

ECTS Credits

2.00

Language of instruction

German

Curriculum

Full-Time

Academic year

2021

Semester

5 WS

Incoming

Yes

Learning outcome

On successful completion of this class, the students will be able to systematically identify, evaluate, manage and monitor significant risks to business.

Course code

0389-11-01-VZ-DE-51b