Risk and Financial Consequences - PDF
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Summary
This document discusses the financial consequences of risk, specifically focusing on the impact on firms and society. It explores questions related to economic burden and how risk impacts organizations, with examples related to the Covid pandemic and the cost of risk. Keywords include risk management and financial consequences.
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Here is the transcription of the provided text: ## Topic 2 - TRM Thaicial consequences of Risk and the Burden Risk * Does the fact that firms face risk create an economic burden? Is the risk costly? * If there 3-2 indentical firms but one faces more risk - the one with less risk has more valu...
Here is the transcription of the provided text: ## Topic 2 - TRM Thaicial consequences of Risk and the Burden Risk * Does the fact that firms face risk create an economic burden? Is the risk costly? * If there 3-2 indentical firms but one faces more risk - the one with less risk has more value * What does Risk truly cost an org? * How does it impact the org -- Covid * How can that impact Society? 1. Cost of Risk - Covid * Expected Cost of Loss - $ that comes from Losses * ex: People get sick/die - loss of financial Support of parent
