ТЕОРЕТИЧНІ АСПЕКТИ ФІНАНСОВИХ РИЗИКІВ ТА УПРАВЛІННЯ НИМИ
Journal Title: Вісник Харківського національного аграрного університету ім. В.В. Докучаєва Серія “Економічні науки” - Year 2018, Vol 1, Issue 4
Abstract
V.D. Chumak, T.H. Mysnyk, S.P. Zoria. Theoretical aspects of financial risks and their management. The role and place of the entrepreneurial risks in the activities of the economic entity are defined in the article. The impact of risks on the financial position of the company became tangible from the moment of transition to a market economy. The financial risks have a special importance in the structure of the business risks. Therefore, it was expedient to find out the content of this concept. The importance and necessity of conducting the analysis of the financial condition of the enterprise in order to predict the negative consequences of its activity are determined. The basic place in the analysis of the financial condition of the enterprise is given to the study of the financial risks. The process of the financial risks studying foresees a number of stages, namely, identification, quantification, minimization and monitoring. The consistent and qualitative implementation of these stages will provide the enterprise with the opportunity to make qualitative and timely management decisions in the process of managing the financial risks. The article defines the interrelations between the concepts of “profitability” and “financial risk” and their mutual influence on each other. The process of financial risk management requires carrying out their assessment both quantitative and qualitative. The assessment involves not only determining the size of the possible losses, but also seeking the causes of the risk, its probability and duration of its action. In addition it is expedient to take into account the variability factor of the information used in the assessment of the financial risks. The article highlights the importance of developing a policy for the financial risks management, which should meet the following requirements: to be transparent, practical, to correlate with the strategic objectives of the enterprise activity, to be dynamic and simple. Key words: entrepreneurial risk, financial risk, risk identification, monitoring, quantification, minimization, diversification, insurance, management.
Authors and Affiliations
В. Д. Чумак, Т. Г. Мисник, С. П. Зоря
Keywords
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- EP ID EP571506
- DOI 10.31359/2312-3427-2018-4-157
- Views 105
- Downloads 0
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