摘要：The present paper is aimed to address political risks from the perspective of the conceptual distinction between the two levels at which they manifest themselves (micro- and macro risk). The political risk is the risk affecting corporations and can generate significant negative consequences over the operations and economic activities within a country, as well as its stakeholders. Studies show that all corporations value at present the potential political risks for their subsidiaries and that the management of such risks has become one of the most important functions of them. The aim of this work is to describe and explain the political risks to which corporations are subject to (with examples from the oil sector) which are operating in a global business environment and present the main ideas related to management of these risks (practices used in the identification and their measurement).
