Identifikacija dejavnikov tveganj v aluminijski industriji

magistrsko delo

Gregor Zečević (Author), Vita Jagrič (Mentor)

Abstract

Vsako podjetje je pri svojem poslovanju izpostavljeno različnim tveganjem. Tveganja so pojavljajo neodvisno od tega, kako veliko je podjetje, v kakšni industriji deluje in na katerih trgih se pojavlja. Nekatera tveganja, ki so jim podjetja izpostavljena, so skupna večini podjetij, nekatera pa so specifična in se razlikujejo glede na panogo in regijo v kateri se podjetje nahaja, glede na proizvodni proces, ipd. Podjetje mora za potrebe varnosti poslovanje razviti in uvesti sistem obvladovanja tveganj, ki predstavlja osnovo za učinkovito obvladovanje tveganj, za preprečevanje in zmanjševanje tveganj. Vzpostavitev sistema omogoča, da so tveganja, s katerimi se podjetje sooča pri svojem poslovanju pravočasno identificirana, temeljito obravnavana in analizirana, registrirana in redno nadzorovana. Učinkovito obvladovanje tveganj zmanjša verjetnost za nastanek nepredvidenih dogodkov. Magistrsko delo izpostavlja dve podjetji iz aluminijske industrije, natančneje iz podsektorja embalaže in aluminijskih tehničnih delov. To sta slovensko podjetje Rondal in nemško podjetje Aluminium Werke Wutöschingen. Podjetji sta si po strukturi proizvodnje in prodajnem asortimentu zelo podobni, medtem, ko obstaja med njima velika razlika v obsegu prodaje. Posebnost aluminijske industrije je velika izpostavljenost tržnemu tveganju, natančneje tveganju spremembe cen. Zaradi majhnosti podsektorja aluminijske embalaže in t.i. tehničnih delov iz aluminija, izstopa tudi izpostavljenost operativnemu tveganju, predvsem begu ključnih kadrov h konkurenci in posledično prenos znanja in poslovnih skrivnosti. Delo sestavljajo 4 vsebinski sklopi. Prvi sklop obravnava najpogostejša tveganja, s katerimi se srečujejo podjetja v aluminijski industriji. Gre za teoretično predstavitev tveganj. V drugem tematskem sklopu predstavljam postopke obvladovanja tveganj, ki je potrebno slediti, da bo obvladovanje tveganj v podjetju učinkovito. V tem delo predstavljam standard ISO 31000, Obvladovanje tveganja – načela in smernice. Sledi predstavitev vodnika COSO ERM – Integrated Framework. Gre za pomembna dokumenta, ki podajata smernice in načela za kvalitetno in učinkovito obvladovanje tveganj in sta koristna in uporabna za uporabo v praksi. Tretji sklop predstavlja aluminijsko industrijo, nekaj zanimivosti iz te industrije in uporabno vrednost aluminija. Predstavljen je trg aluminija, dejavniki tveganja ter načini in inštrumenti obvladovanja tveganja v aluminijski industriji. V četrtem, zadnjem tematskem sklopu analiziram in medsebojno primerjam poslovanje obeh podjetij z vidika izpostavljenosti tveganju in donosnosti poslovanja. Dobljeni rezultati so temelj za sklepanje značilnosti podsektorjev aluminijske industrije, aluminijske embalaže in tehničnih delov iz aluminija. Magistrsko delo preverja hipotezo, da je cena aluminija najpomembnejši dejavnik tveganja v aluminijski industriji. V ta namen je več prostora namenjenega predstavitvi cenovnega tveganja in načinu obvladovanja cenovnega tveganja.

Keywords

tveganje;kreditno tveganje;likvidnostno tveganje;tržno tveganje;obvladovanje tveganj;aluminijska industrija;

Data

Language:	Slovenian
Year of publishing:	2016
Typology:	2.09 - Master's Thesis
Organization:	UM EPF - Faculty of Economics and Business
Publisher:	[G. Zečević]
UDC:	005.334(043.2)
COBISS:	12643356
Views:	881
Downloads:	148
Average score:	0 (0 votes)
Metadata:

Other data

Secondary language:	English
Secondary title:	Identification of risk factors in aluminium industry
Secondary abstract:	Every company is exposed to various risks during its business activities. The risks are arising independent from the size of the company, independent from the industry in which the company is active and independent from the markets on which the company is making business. Some risks, to which the company is exposed, are common to majority of the companies and some on the other hand are specific for particular industry, region, production process, etc. Due to security demands a company has to develop and implement its own enterprise risk management, which represents the basis for efficient risk management, risk prevention and risk reduction. Establishment of Enterprise risk management enables the company to identify the risk on time, to analyze the risk, to register the risk and to regularly survey the risk. This magister thesis exposes two companies from aluminium industry, specifically from aluminium industry subsector packaging and technical parts. These two companies are Slovenian company Rondal and German company Aluminium Werke Wutöschingen. They are similar in sense of productions structure and sales assortment, but are also very different in sense of company size and sales revenue. The specific of aluminium industry is very big exposure to market risk, especially to price risk. Due to small size of aluminium industry subsector packaging and technical parts, the important risks are also operational risk, especially risk of transfers of key employees to the competitor or so called “brain drain” risk. Magister thesis is composed out of four subject areas. First subject area deals with the most common risks which the companies in the aluminium industry are facing. It is a theoretical presentation of the risks. The second subject area represents risk management procedures, which need to be followed in order to match efficient risk management. This subject area presents also standard ISO 31000, Risk management - principles and guidelines, which is followed by presentation of COSO ERM – Integrated Framework. These documents are important, because they are passing on guidelines and principles for quality and efficient risk management and are very useful in everyday business practice. The third subject area presents aluminium industry, some landmarks of this industry and usage of aluminium as a metal. This subject area describes aluminium market, risk factors and risk management tools for efficient risk management in aluminium industry. Fourth, last subject area includes the analysis and comparison of the above mentioned companies from risk exposure and profitability perspective. The results are the basics for making conclusions about the characteristics of aluminium industry subsectors packaging and technical parts. The magister thesis verifies the hypothesis, which says “The price is the key risk factor in aluminium industry”. Therefore this document gives more space to presentation of price risk and price risk management.
Secondary keywords:	Credit risk;Liquidity rick;Market risk;Risk Management;LME;Aluminium.;
URN:	URN:SI:UM:
Type (COBISS):	Master's thesis
Thesis comment:	Univ. v Mariboru, Ekonomsko-poslovna fak.
Pages:	IV, 74 str.
ID:	9136513