“…Today, managers are increasingly faced with the responsibility of taking important decisions to ensure prosperity, financial stability and competitiveness under uncertainty and risk conditions (Agarwal & Ansell 2016;Ključnikov & Popesko, 2017;Gumanti et al, 2017;Kliestikova et al, 2017;Ribau et al, 2017;Jankelová et al, 2018;Kliestik et al, 2018;Valaskova et al, 2018). Therefore, more and more businesses, not just large but also small ones, are beginning to realize the need and importance of risk management (Lazányi et al, 2017;Wegner et al 2017). According to various global surveys and studies (The American Institute of CPAs, 2017;Global trends 2025Global trends , 2017Global risk, 2018), it can be said that risk management represents a significant contribution to increasing the performance, value, and competitiveness of enterprises going through dynamic changes in both the external and the internal environment.…”