FINANCIAL RISK MANAGEMENT – FACTOR OF SUSTAINABLE DEVELOPMENT OF ENTERPRISES OF THE REAL SECTOR OF THE ECONOMY

  • Yulia Ananieva
Keywords: risk, forecasting, finance, risk management, probability, consequence, ERM-system

Abstract

Risk is a complex, multidimensional category with different approaches to its definition by Russian and foreign scientists. A special group in the total amount of risks is financial risks. The increase in the degree of influence of financial risks on the activities of enterprises has necessitated a comprehensive study of the identification and nature of the nature of financial risks.
The management of financial risks helps to minimize the negative impact of financial risks at the enterprise. In this regard, the article was considered in detail the process of financial risk management, was characterized by various methods of assessment and analysis of their management, were considered methods of financial risk management and identified their features.
A particular group in the overall risk range is financial risks. The increase in the degree of influence of financial risks on the activities of enterprises necessitates the need for a comprehensive study of the identification and nature of financial risks. We have been shown the possibility of assigning risks to financial, in the presence of the following basic characteristics: the presence of the possibility of underreporting, the possibility of bankruptcy and activity in the financial market. In this case, the entire set of major financial risks for the manufacturing industry was divided into external and internal financial risks by the principle of management. To help minimize the negative effects of financial risks on an enterprise, it helps to manage them. In this connection, the process of financial risk management was considered in detail, various methods of evaluation and analysis of their management were described, methods of financial risk management were considered and some of them were identified.

Published
2020-04-09