Risk Management in Coal-Mines – Methodical Proposal for Polish
and Czech Hard Coal Mining Industry

J 2018

Risk Management in Coal-Mines – Methodical Proposal for Polish and Czech Hard Coal Mining Industry

TWOREK, Piotr; Seweryn TCHÓRZEWSKI a Petr VALOUCH

Základní údaje

Originální název

Risk Management in Coal-Mines – Methodical Proposal for Polish and Czech Hard Coal Mining Industry

Autoři

TWOREK, Piotr; Seweryn TCHÓRZEWSKI a Petr VALOUCH

Vydání

Acta montanistica Slovaca, Košice, Technická univerzita [Košice], 2018, 1335-1788

Další údaje

Jazyk

angličtina

Typ výsledku

Článek v odborném periodiku

Obor

50206 Finance

Stát vydavatele

Slovensko

Utajení

není předmětem státního či obchodního tajemství

Odkazy

URL

Impakt faktor

Impact factor: 0.938

Označené pro přenos do RIV

Ano

Kód RIV

RIV/00216224:14560/18:00102666

Organizační jednotka

Ekonomicko-správní fakulta

UT WoS

000439006000009

EID Scopus

2-s2.0-85046724628

Klíčová slova anglicky

hard coal mining industry; risk management; financial risk; measurement and risk evaluation; enterprise risk management

Příznaky

Mezinárodní význam, Recenzováno

Změněno: 2. 2. 2024 14:07, Mgr. Pavlína Kurková

Anotace

V originále

Effective risk management in coal mining companies may be achieved by adopting an integrated approach, i.e. IERM, which allows them to manage their risk exposure in a complete and complementary way. Risk needs to be properly identified, before it may be estimated, and later responded to adequately. This is a prerequisite for effective risk management in coal mining companies conducting their activities in Poland and the Czech Republic, as well as other countries all over the world. In both countries, i.e. Poland and the Czech Republic, coal mines operate within the Upper Silesian Coal Basin, which means that their operating conditions are almost identical. It may then be possible to standardise risk management procedures and implement them in companies’ operations. This may be ensured by using the integrated risk management formula, outlined in this paper. Therefore, the paper aims to give an overview of the risk management problems experienced by coal mines, with the focus on the integrated enterprise risk management (IERM) concept, as well as proposing that the concept should be implemented in coal mines operating in Poland and the Czech Republic. In particular, it proposes that the traditional approach to the risk management process, i.e. Enterprise Risk Management (ERM) should be modified and transformed into an integrated process. The paper uses the method of synthesis. It also contains a review of scientific literature on the subject.

Návaznosti

MUNI/A/0753/2017, interní kód MU

Název: Behaviorální, znalostní a ekonomické aspekty ovlivňující investiční rozhodování subjektů

Investor: Masarykova univerzita, Behaviorální, znalostní a ekonomické aspekty ovlivňující investiční rozhodování subjektů, DO R. 2020_Kategorie A - Specifický výzkum - Studentské výzkumné projekty

Přiložené soubory

Risk_management_in_Coal-Mines_final_text.pdf

Citovat

TWOREK, Piotr; Seweryn TCHÓRZEWSKI a Petr VALOUCH. Risk Management in Coal-Mines – Methodical Proposal for Polish and Czech Hard Coal Mining Industry. Acta montanistica Slovaca. Košice: Technická univerzita [Košice], 2018, roč. 23, č. 1, s. 72-80. ISSN 1335-1788.

@article{1416007,
   author = {Tworek, Piotr and Tchórzewski, Seweryn and Valouch, Petr},
   article_location = {Košice},
   article_number = {1},
   keywords = {hard coal mining industry; risk management; financial risk; measurement and risk evaluation; enterprise risk management},
   language = {eng},
   issn = {1335-1788},
   journal = {Acta montanistica Slovaca},
   title = {Risk Management in Coal-Mines – Methodical Proposal for Polish and Czech Hard Coal Mining Industry},
   url = {https://actamont.tuke.sk/pdf/2018/n1/9tworek.pdf},
   volume = {23},
   year = {2018}
}

TY  - JOUR
ID  - 1416007
AU  - Tworek, Piotr - Tchórzewski, Seweryn - Valouch, Petr
PY  - 2018
TI  - Risk Management in Coal-Mines – Methodical Proposal for Polish and Czech Hard Coal Mining Industry
JF  - Acta montanistica Slovaca
VL  - 23
IS  - 1
SP  - 72-80
EP  - 72-80
PB  - Technická univerzita [Košice]
SN  - 13351788
KW  - hard coal mining industry
KW  - risk management
KW  - financial risk
KW  - measurement and risk evaluation
KW  - enterprise risk management
UR  - https://actamont.tuke.sk/pdf/2018/n1/9tworek.pdf
L2  - https://actamont.tuke.sk/pdf/2018/n1/9tworek.pdf
N2  - Effective risk management in coal mining companies may be achieved by adopting an integrated approach, i.e. IERM, which allows them to manage their risk exposure in a complete and complementary way. Risk needs to be properly identified, before it may be estimated, and later responded to adequately. This is a prerequisite for effective risk management in coal mining companies conducting their activities in Poland and the Czech Republic, as well as other countries all over the world. In both countries, i.e. Poland and the Czech Republic, coal mines operate within the Upper Silesian Coal Basin, which means that their operating conditions are almost identical. It may then be possible to standardise risk management procedures and implement them in companies’ operations. This may be ensured by using the integrated risk management formula, outlined in this paper. Therefore, the paper aims to give an overview of the risk management problems experienced by coal mines, with the focus on the integrated enterprise risk management (IERM) concept, as well as proposing that the concept should be implemented in coal mines operating in Poland and the Czech Republic. In particular, it proposes that the traditional approach to the risk management process, i.e. Enterprise Risk Management (ERM) should be modified and transformed into an integrated process. The paper uses the method of synthesis. It also contains a review of scientific literature on the subject.
ER  -

TWOREK, Piotr; Seweryn TCHÓRZEWSKI a Petr VALOUCH. Risk Management in Coal-Mines – Methodical Proposal for Polish and Czech Hard Coal Mining Industry. \textit{Acta montanistica Slovaca}. Košice: Technická univerzita [Košice], 2018, roč.~23, č.~1, s.~72-80. ISSN~1335-1788.

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