Quality - Access to Success | 2026
Authors: Dinoshi I.; Fita E.; Dodoveci D.
DOI: 10.47750/QAS/27.212.09
Journal: Quality - Access to Success
Year: 2026
Publisher: SRAC - Romanian Society for Quality
Document Type: Article
Open Access: All Open Access; Gold Open Access
Cited by: 0
Financial risk management has become a central pillar of corporate sustainability and performance, particularly in emerging markets characterized by macroeconomic volatility and regulatory transition. This study evaluates the structure and effectiveness of financial risk management practices and their relationship with corporate performance resilience through a descriptive case study of Balfin Group, a large diversified business conglomerate operating in Albania. The research applies a descriptive single-case study methodology based on secondary data derived from consolidated financial statements and annual reports for the period 2017–2022. The analysis combines quantitative financial indicator trend assessment with qualitative evaluation of risk management disclosures across market, credit, liquidity, and operational risk dimensions. The findings indicate that diversified revenue structures, cost control mechanisms, and integrated risk governance practices are associated with improved profitability indicators and performance recovery following periods of market disruption. However, increased expected credit losses and rising financial costs highlight persistent exposure in credit and liquidity risk domains. The study confirms the hypothesis that structured and diversified financial risk management practices contribute positively to financial stability and performance resilience in large business groups operating in emerging markets. The paper contributes empirical and methodological insight to the literature on enterprise risk management in non-bank corporate groups and offers practical implications for risk governance and financial strategy. © 2026, SRAC - Romanian Society for Quality. All rights reserved.
case study; corporate performance; emerging markets; enterprise risk management; Financial risk management