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Operational Risk Management as a Tool of Reducing Informational Asymmetry

Student: Belyaev Kirill

Supervisor: Vasilisa A. Makarova

Faculty: St.Petersburg School of Economics and Management

Educational Programme: Economics (Bachelor)

Year of Graduation: 2019

It is difficult to underestimate the impact of risks on the company's success. In the past five years, organizations have come to understand the importance of operating risks affecting the profitability of the company. One of these operational risks is information asymmetry. Existing operational risk management standards are limited to the financial sector, while in the manufacturing sector these standards No. The purpose of this work is to identify the level of influence of asymmetric information on organizations leading their activities in the non-financial sphere, as well as consideration of choosing the best strategy for managing operational risks of the organization. To achieve this goal, an analysis of operational risk, agent conflict and asymmetric information was carried out. Moreover, an analysis of the impact of the company's main indicators on the profitability of assets was carried out. For the same purpose, relationships of variables that reflect the tactics of management risk of the company are compiled. Based on the results of the work, a tree of risk management recommendations was compiled. It was revealed that the determining criterion describing the level of risk of the company's management is the share of intangible assets. Other features that most clearly describe the level of risk management of the company became the interdependence of the weighted average cost of capital and profitability of assets. Key words: Operational risk, asymmetric information, agent conflict, intangible assets, weighted average cost of capital, profitability of assets.

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