Acta Scientiarum Polonorum
Silvarum Colendarum Ratio et Industria Lignaria

The approach presented in this article analyzes the possibilities of applying selected methods of risk quantification to estimate and assess the impact of financial risk on the economic account of the State Forests National Holding (hereinafter referred to as PGL LP). The research presented in the article focuses on finding optimal methods for quantifying financial risk within the activities of PGL LP.

The aim of this publication is to verify and assess the feasibility of practically implementing methods of financial risk quantification within the financial management conducted by PGL LP, as well as to present examples of implementing selected risk measurement methods based on financial data from two forest districts characterized by different balances in settlements with the forest fund.

Considering the classification of financial risk, the decision was made to narrow the measurement attempts to three most significant categories: liquidity risk, market risk, and credit risk. For each of the indicated categories, an analysis was conducted to examine the possibilities of applying one selected method of risk quantification within the economic account realities of PGL LP.

It was found that the appropriate selection of risk quantification methods in forestry is dictated by a proper understanding of the factors characteristic of the industry. It was also confirmed that there are possibilities for implementing the presented methods of measuring financial risk to estimate the scale of this risk in PGL LP. However, this requires adapting the specific financial risk assessment model to the conditions of the activities carried out by PGL LP, as well as conducting a prior analysis of the availability and scope of the historical data possessed.