摘要：Studying the nature of the decisions of any organization, regardless of the hierarchical level where action occurs, it can be observed that, almost constantly, each of them involves the use of financial resources. If in the current activity there are involved only their own financial resources, its only concern regards the manner in which they are handled, compared with production costs and their share in the final price. Currently, there are several organizations that have used only loaned capital in their actions, which led in time to the growth of the financial debts and implicitly to exposure to different kinds of risk. Among these the financial risk is considered to be essential for all the managerial actions. It is not wise to establish the means and ways of action intended to achieve the objectives set in the business strategy if you do not know what your exposure in terms of financial leverage is.On the background of those described, we present in this paperthree situations in which entities have registered negative and positive developments, according to the financial risk and actions taken.For those where there was found a very high risk, we suggested several courses of action in order to reduce their liabilityin relation toleverage ratios.
关键词：strategy; financial risk; leverages effect; return on equity; risk; uncertainty
