ANALYSIS AND ESTIMATION OF FINANCIAL RISKS IN THE BUSINESS MANAGEMENT SYSTEM
Journal Title: Інноваційна економіка - Year 2017, Vol 69, Issue 5
Abstract
Purpose. The purpose of the article is study of the risk and financial risks as an economic category and phenomena that necessary take to account and foresees in the financial and economic activities of business entities and also researching of the methods of analyses and evaluating financial risks. Methodology of research. The works of domestic and foreign scientists on the subject are theoretical and methodological basis. The scientific methods based on dialectical knowledge and objective laws of the economy are basis of researching. Risk and financial risk as economic categories and phenomena are manifested through induction and deduction methods. The method of causation, method of abstract-logical and method of observing and generalizing methods of quantitative and qualitative risk assessment were used to systematize factors influencing the phenomenon under study. Findings. Theoretical and methodical aspects of the analysis and evaluation of financial risks in the context of management for the development of a set of measures to minimize of the losses in the conduct of financial and economic activities of economic entities is covered in the article. Financial risk analysis is a process of studying the conditions of the external and internal environment that influence on the financial position and the main results of the financial activity of the enterprise with aim to identify and objectively assess financial risks. Originality. The definition of financial risk as an economic category and phenomenon is specified and methods of their quantitative and qualitative assessment are systematized in the article. Practical value. Systematization of the main methodical approaches of quantitative and qualitative assessment of the level of risk contributes to the financial security of the company in the process of development and prevent the possible reduction of its market value.
Authors and Affiliations
Svitlana Zhukevych, Nataliia Karpyshyn
Keywords
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