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Rodríguez López, Manuel
Piñeiro Sánchez, Carlos
de Llano Monelos, Pablo
Year of Publication: 
[Journal:] Atlantic Review of Economics [ISSN:] 2174-3835 [Volume:] 2 [Year:] 2013
Abstract (Translated): 
A risk map is a tool, based on various information systems, that aims to identify the activities or processes at risk, quantify the probability of these events and measure the potential damage associated with their occurrence. This kind of map provides three valuable contributions to a Manager: integrated information about company global exposure, summaries of the total economic value of the risks assumed at any given time, and tools to explore these sources of risk. The risk map is implemented in a graphic interactive dashboard, similar to a scorecard, able to emphasize abnormalities or deviations; it also allows the user to navigate trough all available data at different levels of disaggregation (drill-down). Concerning the company's financial problems, the map helps keep track of the key vulnerabilities - such as increases in the levels of nonperforming loans or exposure to a particular category of customers - and, in this sense, it can support the development of concrete strategies aimed to prevent financial failure. This paper extends previous evidences from banking and offers a metamodel of risk in non-financial firms, and a map specifically designed to monitor the key processes that lead to the events to insolvency and financial failure.
risk map
financial risk
information systems
risk management
financial failure
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