Abstract
Today, the beneficai impact of using Key Risk Indicators (KRI) is known all over the world, but there isn't a structured and uniform approach to build and apply KRI in every structure of a company. In this paper, six of the most KRI have been identified along with their underlying correlated indicators. Implementation of KRI is necessary for obtaining information and for providing an early warning system of possible future problems that companies may face it. The response time to changes taking place in the risk profile is critical to undertake the measures to correct the situation. For this, grey systems theory is decisive. Through the grey degrees of grey incidence, the incidence of these six KRI on firm's performance have been determined and properly modeled, offering to each firm an improved warning signal.
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