The Impact of the Enterprise Financial Risk Management Function on Financial Performance in Bosnia and Herzegovina

• Autorzy: Adem Abdić , Adwan Rovčanin , Ademir Abdić
• Języki publikacji: EN

Abstrakty

EN

Adequate enterprise financial risk management (EFRM) represents a leading competitive advantage of enterprises that determines market survival and business success in an uncertain global environment. Over time, EFRM has become a constituent part of integral business dealings of enterprises and one of the strategic functions of enterprise management. The main purpose of the paper is to explore the effects of the EFRM function/system on the financial performance of enterprises in Bosnia and Herzegovina (BiH). The basic source of data in the research was collected by means of a structured questionnaire. The target population in the research consists of large enterprises that have continuously operated in the territory of BiH (2013-2017). The selection of enterprises was made applying a random sampling method and contains 72 enterprises. Appropriate descriptive and inferential statistical methods were used in the data analysis and panel data analysis was used to assess effects of EFRM function on financial performance. The scientific contribution of the paper is reflected in the fact that the research is pioneering for Bosnia and Herzegovina with the analysis of effects of the EFRM function on enterprise financial performance (EFP). The results show that there are no systematic, statistically significant differences between large enterprises that engage in risk management ('hedgers') and enterprises that do not engage in risk management ('non-hedgers') in BiH. (original abstract)

Słowa kluczowe

EN

Financial risk management; Financial performance; Panel studies

PL

Zarządzanie ryzykiem finansowym; Wynik finansowy; Badania panelowe

• Czasopismo: e-Finanse
• Rocznik: 2024
• Tom: 20
• Numer: nr 1
• Strony: 64--80

Twórcy

autor

Adem Abdić

• University of Sarajevo, Bosnia and Herzegovina

autor

Adwan Rovčanin

• University of Sarajevo, Bosnia and Herzegovina

autor

Ademir Abdić

• University of Sarajevo, Bosnia and Herzegovina

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Identyfikatory

DOI

10.2478/fiqf-2024-0006