Management of Risks Related to Stakeholders in Affiliations of Foreign Companies in Bulgaria Cover Image

Управление на рисковете, свързани със заинтересованите лица, в поделения на международни компании в България или местни компании с чуждо участие
Management of Risks Related to Stakeholders in Affiliations of Foreign Companies in Bulgaria

Author(s): Zhelyazko Valchev
Subject(s): Social Sciences, Economy, National Economy, Supranational / Global Economy, Business Economy / Management, Sociology, Management and complex organizations
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: Stakeholders; Stakeholders Relations; Risk Management; International Companies; International Management; Corporate Governance
Summary/Abstract: The article reviews risk management conducted by stakeholders in affiliations of foreign companies in Bulgaria or local companies with foreign participation. Author defines what is risk and cites various factors determining the risk level for a company. The research aims at presenting good practices in risk mitigation and risk management related to the companies’ stakeholders. The second objective of the research is to review some specifics in the acquisition of affiliations in Bulgaria or involvement from international shareholders in the local companies – transition from socialism to capitalism, privatization and supranational factors such as the Bulgarian membership in the EU. The third goal of this research is to analyze the business activity of some of the prominent companies in Bulgaria owned by international groups or those who attracted foreign direct investments. In conclusion, author summarizes the data analyzed in the research and defines main trends and observations through the prism of the international business, international management and corporate governance.