Taking the right approach to managing opportunities and threats (risks) is key to company success in an unpredictable future. Unfortunately in many companies, controlling and risk management do not do enough to help the board and management weigh up the expected returns and risks when it comes...

In our paper, we analyze, based on a new rating methodology, 105 enterprises from Saxony with respect to their ability to meet their financial obligations. It is based on classical financial-statement approach, a direct inclusion of risk and a stochastic simulation model of enterprise...