1. Identifying key risks for nonfinancial companiesTimotej Jagrič, Stefan Otto Grbenic, Aljaž Herman, Maša Galun, 2025, izvirni znanstveni članek Opis: This month’s edition of the IFAI Global Risk Radar offers a comprehensive assessment of global risk signals, derived from news sources worldwide and IFAI’s expanded taxonomy of financial, operational, environmental, market, geopolitical, and systemic risks. The analysis indicates a marked divergence among risk groups, with customer-facing risks, organisational culture, and operational disruptions exhibiting elevated Risk Frequency Indicators, while environment-related and ESG-linked risks remain in a cooling phase. At the individual-risk level, corruption and fraud, change-management failures, and water-supply crises show the strongest upward deviations relative to historical patterns, reffecting a broader global environment characterised by governance concerns, infrastructure fragilities, and climate-related stress. Several high-frequency indicators display co-movements that align with recent geopolitical escalation, heightened market volatility, and tightening financial conditions in multiple regions. These findings align with recent international policy reports that document persistent inffationary pressures (IMF, 2025), governance-related vulnerabilities (OECD, 2025a), and rising political instability in several emerging markets (World Bank, 2025). For companies, the implications are substantial: a combination of structural shocks, rapid shifts in investor sentiment, and intensifying supply-chain fragility requires a more adaptive and data-driven risk management approach. Ključne besede: risk register, AI detection risk model, high frequencies analysis Objavljeno v DKUM: 12.12.2025; Ogledov: 0; Prenosov: 0
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2. Understanding social media behaviour : the role of risk perception in crowdsourced fact-checkingInes Kožuh, Peter Čakš, 2025, izvirni znanstveni članek Opis: The spread of health-related misinformation on social media has increased user efforts to tackle emerging risks. In this study, we provide a model on how users’ perceptions of risk when encountering possibly fear-inducing pandemic misinformation influenced their intent to fact-check it. We employed an online survey to collect the data among adult Facebook users. The model was tested using structural equation modelling. Unlike previous risk perception models, we found a positive effect of cognitive risk perception on the intentions of social media users to utilise internet tools for verifying the accuracy of information. The results also revealed that the more emotional risk users perceived, the more they intended to use ample sources, and, indirectly, also to use tools for verifying information. Furthermore, the participants demonstrated a greater propensity to utilise online fact-checking tools as their intention to explore many information sources increased. Our study contributes to the field by connecting cognitive and emotional risk perception with multi-faceted fact-checking in social media, where both individual fact-checking practices and information-seeking behaviour merge. It also contributes to human information behaviour research, by highlighting higher concerns with disease danger as possible user characteristics for motivated misinformation debunking. Thus, our findings may aid health practitioners and risk communicators in assessing how to target and educate, especially individuals with low-risk perception. Finally, we call on the general public and legislators to recognise the invaluable role of providing online information accurately as a crucial part of the strategic communication agenda. Ključne besede: risk, fact-cheking, misinformation, pandemic, social media Objavljeno v DKUM: 08.12.2025; Ogledov: 0; Prenosov: 1
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3. Multicriteria risk evaluation model : utilizing fuzzy logic for improved transparency and quality of risk evaluation in healthcareRok Drnovšek, Marija Milavec Kapun, Simona Šteblaj, Uroš Rajkovič, 2025, izvirni znanstveni članek Opis: Introduction: Risk management is essential for quality assurance in modern healthcare organizations. Risk matrices are widely used
to evaluate risks in healthcare settings; however, this approach has noteworthy weaknesses and limitations. This paper introduces
a novel risk evaluation model that utilizes multicriteria decision-making and fuzzy logic, to enhance the transparency and quality of the
risk evaluation process in healthcare.
Methods: The Multicriteria Evaluation Model was developed using the Decision Expert method and expert knowledge integration.
Fuzzy logic was integrated within the model, using partial degrees of membership and probabilistic analysis, to address uncertainties
inherent to healthcare risk evaluation. The evaluation model was tested with healthcare professionals active in the field of risk
management in clinical practice and compared with the risk matrix.
Results: The designed evaluation model utilizes multicriteria decision-making while encompassing the risk matrix framework to
boost user understanding and enable meaningful comparison of results. Compared with the risk matrix, the model provided similar or
marginally higher risk-level evaluations. The use of degrees of membership enables evaluators to articulate a wide range of plausible
risk consequences, which are often overlooked or ambiguously addressed in the traditional risk matrix approach.
Discussion and Conclusions: The evaluation model demonstrates increased transparency of the decision-making process and
facilitates in-depth analysis of the evaluation results. The utilization of degrees of membership revealed distinct strategies for handling
uncertainty among participants, highlighting the weaknesses of using single value evaluation approach for the presented and similar
decision problems. The presented approach is not limited to healthcare-related risk evaluation, but has the capacity to improve risk
evaluation practices in diverse settings Ključne besede: multi-criteria decision-making, risk management, fuzzy logic, decision support, patient care, DEX Objavljeno v DKUM: 01.12.2025; Ogledov: 0; Prenosov: 0
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4. A comprehensive composite model of the corporate risk management index as a factor of medium-sized and large companies value changeAna Malnar, 2025, doktorska disertacija Opis: Operating in today's turbulent environment is characterized by, among other things, significant risks. The current trends of deregulation and globalization of markets increase the impact of risks on the company's operations and, consequently, on its value, being a source of potential unforeseen losses due to changes in market prices, financial difficulties or other difficulties of the company. As business practices, environments, and trends change, some areas of risk management become increasingly important. When distinguishing between the terms risk and uncertainty, it can be said that they are related but different. While uncertainty is unknown and changing, risk is the result of uncertainty. All of these factors can have a significant impact on a company's cash flow, earnings, and enterprise value. The nature of risk has directed risk management to protect companies from financial difficulties, and recognizing different categories of risk such as credit, market, or ESG risks can become an important step to ensure uninterrupted business operations and protection of corporate assets. By achieving the fundamental goal of identifying and managing various forms of risk, the company will become increasingly better able to survive and operate successfully in the modern economic environment, ultimately contributing to increased shareholder value. A further step in understanding and evaluating the concept of integrated risk management in organizations is the composite risk management index, which according to numerous authors represents a significant contribution and advance in the quantitative approach to measuring and evaluating the risk management process. The CRM index represents a comprehensive dimension of CRM that effectively measures the construct. The CRM Index is proposed as an effective measure of CRM implementation and was constructed based on data derived from a thorough review of the literature. The said index uniformly assesses the data on the frequency, depth and completeness of risk management practices in organizations. The purpose of the doctoral dissertation implies and includes a theoretical and practical contribution in the field of corporate risk management and the formation of a composite index as a measurement tool for the implementation of the above process in medium-sized and large companies, as well as ways of creating, generating and measuring newly created value as a product of their interaction, with the expectation of understanding and strengthening interest in this research subject as a broad topic. A unique scientific contribution from both a theoretical and practical perspective is given. From a theoretical perspective, the research conducted makes a significant contribution to the scientific knowledge on the effects of corporate risk management as a function of the creation of medium and large firms in multiple and multiplicative ways. The academic literature is improved by conceptually upgrading various research niches, concepts and phenomena of this field of knowledge, and the interrelationships and interdependencies of corporate risk management are recognized and identified, and their effects on the creation and growth of value of non-financial firms are observed. In addition, it consolidates the different academic views on the process of enterprise risk management and further clarifies its concept, defines its scope and determines the level of action. Ključne besede: corporate risk management, firm performance, corporate risk management index, value growth Objavljeno v DKUM: 25.11.2025; Ogledov: 0; Prenosov: 6
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5. Risk Management of Fuel Transport in the company Montana d.o.o.Darko Glavche, 2025, diplomsko delo Opis: This diploma thesis examines risk management as one of the most important issues in transport of hazardous goods, while focusing on the company Montana d.o.o. In the theoretical part we highlighted the importance of safety in logistics, the legal and regulatory framework, driver training, and preventive measures for reducing risks.
Regarding the empirical part, we analyzed how Montana d.o.o. manages risks in practice through equipment, procedures, training and supervision. We conducted an interview with the company management, which provided us with an insight into daily operations and safety practices. The findings confirmed that Montana d.o.o. fully complies with the prescribed standards and, in some areas, introduces additional safety measures, as well.
The results indicate that Montana d.o.o. successfully ensures reliability and safety in fuel transport, while also demonstrating that there is always room for improvement. Based on the results, we proposed recommendations for further development of risk management practices to maintain efficient, safe, and sustainable operations. Ključne besede: Fuel transport, risk management, logistics, safety protocols. Objavljeno v DKUM: 24.10.2025; Ogledov: 0; Prenosov: 8
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6. Juvenile delinquency in rural and urban communities : application of an integrated risk factor modelIza Kokoravec Povh, 2025, doktorska disertacija Opis: The doctoral dissertation examines juvenile delinquency patterns in rural and urban environments and seeks to develop and test an Integrated Risk Factor Model of delinquency. The theoretical section discusses the challenging period of adolescence and the emergence of delinquent behavior as normative behavior. It then describes the concepts of juvenile criminality and delinquency, concentrating on specific problematic forms of delinquency and highlighting the importance of studying juvenile delinquency through both official crime statistics and self-report and victimization studies. The dissertation emphasizes the significance of environments and delinquency in urban and rural communities. This is followed by an overview of official statistics on juvenile crime and crime in both urban and rural environments, along with a presentation of key findings from studies on delinquency, victimization, and youth violence in Slovenia since its independence. Special attention is given to findings from the second international study on self-reported juvenile delinquency and victimization (ISRD2). The dissertation then discusses risk and protective factors crucial for studying and understanding delinquency. Finally, the theoretical section examines various criminological theories, focusing particularly on well-known integrated theories, and develops a new Integrated Risk Factor Model of delinquency, which is subsequently tested.
The empirical section of the dissertation tests the hypotheses and answers the following research questions: 1) What are the prevalence rates of self-reported juvenile delinquency in rural and urban areas in Slovenia? 2) Is there a correlation between socio-demographic characteristics (age, gender, immigration status, socioeconomic status, and religion) and involvement in juvenile delinquency? and (3) Can an Integrated Risk Factor Model explain delinquency in rural and urban environments equally well? A series of bivariate and multivariate analyses are performed using data from the 4th international study on self-reported juvenile delinquency and victimization (ISRD4), conducted between October 2022 and March 2023, which involved 2,653 juveniles aged 13–17 from urban and rural environments.
The results reveal variations in the prevalence and most common types of juvenile delinquency between urban and rural areas. It shows that delinquency is not solely a product of urban environments. Context-specific differences in demographic factors and risk factors are observed. The findings show that in rural environments, fewer risk factors influence delinquency. Still, these factors have a stronger impact, while delinquency among urban juveniles arises from a broader range of risk factors. This section also tests the Integrated Risk Factor Model. The model is structured around the relationship of delinquency to three broad concepts: 1) Crime Propensity (moral values and self-control); 2) Strain (Family (family bond, parental supervision, and adverse childhood experiences); school (school bond and school crime); and peers (delinquent friends and victimization)); and 3) Involvement (time spent in public places, at parties, and with family). The final Integrated Risk Factor Model successfully explains a significant portion of delinquency. However, the tailored model for urban and rural environments explains a slightly larger proportion of delinquency than the general model.
In the final section, three Integrated Risk Factor Models are presented: the general Integrated Risk Factor Model, the Urban Risk Factor Model, and the Rural Risk Factor Model. The conclusion addresses the implications of the findings for the hypotheses and research questions and provides suggestions for further work as well as recommendations for policy and practice. Ključne besede: juvenile delinquency, rural areas, urban areas, risk factors, integrated risk factor model Objavljeno v DKUM: 06.10.2025; Ogledov: 0; Prenosov: 15
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7. Role of hotel management crisis in Covid-19 and Post-Covid-19 period : a case study of Opatija riviera micro-region in CroatiaRomina Alkier Radnić, Vedran Milojica, Vasja Roblek, 2023, izvirni znanstveni članek Opis: The paper includes an exploratory qualitative research study on the impact and consequences of Covid-19 on business and organisational changes in the hotel industry in the Opatija Riviera area, which will have a medium- and long-term impact on the design of resilience and sustainable growth policies. The disruption caused by the pandemic is also important for hotel managers and management from the point of view of introducing crisis management processes, the results of which can be seen in the protection of the well-being of guests, employees and the general reputation of hotels. Therefore, hotel management needs to emphasise the importance of identifying business strategies and practices in business strategies and thus form the basis for effective crisis management. Ključne besede: business models, Covid-19, hotel industry, Opatija Riviera, strategies, risk management, tourism micro-region, Tržič, tržiški avtor Objavljeno v DKUM: 25.09.2025; Ogledov: 0; Prenosov: 2
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8. Evaluation of environmental, social, and governance risks? : a critical literature review with practical implicationsTimotej Jagrič, Damijan Mumel, Aljaž Skaza, 2025, izvirni znanstveni članek Opis: The evaluation of environmental, social and governance (ESG) risks is an important yet challenging aspect of the investor decision-making process, largely attributable to the volatility of this domain. A significant proportion of these challenges arise from divergent ESG ratings, which are the consequence of absence of clarity and consistency in definitions, data, and rating methodologies. A review of the existing literature revealed that no article summarized findings related to the evaluation of ESG risks based on uniform definitions, which would help with understanding and measure development. The aim of this paper is to address ESG risks evaluation issues through a critical review of literature and deconstruction of associated issues, providing both theoretical and practical insights. The literature review began with the definition of ESG risks, which served as a foundation for the deconstruction and analysis of the ESG risk evaluation process. The findings indicate that there are numerous issues related to the evaluation process, starting with the definition of ESG, continuing through reporting and data issues, which ultimately leads to issues with the evaluation process itself. The conclusion drawn from this analysis is that usability is contingent upon the clarity of definitions and comprehension, thereby ensuring the efficacy of the ratings for investors and other stakeholders. Ključne besede: environmental, social and governance, ESG, ESG risks, ESG ratings, risk management Objavljeno v DKUM: 23.09.2025; Ogledov: 0; Prenosov: 5
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9. Systematic risk management practices and improved risk culture in Slovenian non-financial corporations : a SEM ApproachTimotej Jagrič, Maja Rožman, Vita Jagrič, 2025, izvirni znanstveni članek Opis: There is limited empirical evidence on how the risk management process is implemented in non-financial corporations, resulting in an incomplete understanding—particularly in post-transitional economies such as Slovenia. Using Structural Equation Modeling on data collected from Slovenian non-financial corporations in 2023, we find that a well-structured risk management process positively influences the adoption of advanced risk management methods and practices. This, in turn, significantly reduces challenges associated with risk management, enhances its overall effectiveness, and directly contributes to corporate value creation. These findings highlight the strategic importance of risk management as an essential component of organizational governance. Ključne besede: risk management, risk culture, risk metrics, corporate value, structural equation modeling (SEM) approach, Slovenia Objavljeno v DKUM: 03.09.2025; Ogledov: 0; Prenosov: 10
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