Guarantees against Loss to Transnational Corporations

Guarantees and funding to cope with possible losses to transnational corporations, alternatively referred to as multinational corporations, encompass risk management principles, theory, and applications. The paper analyzes the risks faced by multinational corporations in their overseas operations, i...

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Bibliographic Details
Published in:The Annals of the American Academy of Political and Social Science 1979-05, Vol.443 (1), p.117-128
Main Author: Krogh, Harold C.
Format: Article
Language:English
Subjects:
Business risks
Business structures
Changing Responsibility for Property and Liability Risks and Societal Consequences
Corporation/Corporations
Credit insurance
Employee insurance
Foreign investments
Group insurance
Guarantees
Guaranty of investments
Insurance
Insurance premiums
Political risk insurance
Risk/Risks
Terrorism
Terrorism insurance
Transnational groups
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Summary:Guarantees and funding to cope with possible losses to transnational corporations, alternatively referred to as multinational corporations, encompass risk management principles, theory, and applications. The paper analyzes the risks faced by multinational corporations in their overseas operations, including credit and political risks; the latter treating of such risks as currency devaluation, expropriation of plants, kidnapping of key executives, and ransom demands. Risks to property valuation receives emphasis, but often risks to persons reflect an intertwine in risk management by transnational enterprises. Various private and public insurance mechanisms are available to meet these problems, and the effects of these approaches on society are examined.
ISSN:0002-7162
1552-3349
DOI:10.1177/000271627944300112