REGISTRATION CERTIFICATE

KV #19905-9705 PR dated 02.04.2013.

 FOUNDERS

RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE)

According to the decision No. 802 of the National Council of Television and Radio Broadcasting of Ukraine dated 14.03.2024, is registered as a subject in the field of print media.
ID R30-03156

 PUBLISHER

Liburkina L. M.

 SITE SECTIONS

Main page

Editorial staff

Editorial policy

Annotated catalogue (2011)

Annotated catalogue (2012)

Annotated catalogue (2013)

Annotated catalogue (2014)

Annotated catalogue (2015)

Annotated catalogue (2016)

Annotated catalogue (2017)

Annotated catalogue (2018)

Annotated catalogue (2019)

Annotated catalogue (2020)

Annotated catalogue (2021)

Annotated catalogue (2022)

Annotated catalogue (2023)

Annotated catalogue (2024)

Thematic sections of the journal

Proceedings of scientific conferences

The Problems of Financial Risks Management in the Risk Management System and the Methods for Solving
Petyk L. O., Baskova Y. S.

Petyk, Liubov O., and Baskova, Yuliia S. (2022) “The Problems of Financial Risks Management in the Risk Management System and the Methods for Solving.” Business Inform 10:181–186.
https://doi.org/10.32983/2222-4459-2022-10-181-186

Section: Finance, Money Circulation and Credit

UDC [336:338.24]:005.334

Abstract:
The article is concerned with the current methods of managing financial risks for an enterprise. The main directions of risk management and methods of neutralization of financial risks are considered. Risks are an important component of the economy, politics, social life of society, that is, they are present in all branches of activity and directions of any company, enterprise or organization operating in market conditions. Risks are associated with management and depend on the effectiveness, efficiency and validity of decisions. There are different definitions of the concept of «financial risk», depending on the position from which the author considers the category of «financial risk», he emphasizes and strengthens in his definition one or another specificity of the financial risk. In order to comprehensively understand financial risk, it is necessary to analyze its indicators. The article describes the main approaches to the definition of the concept of «financial risk», reveals the content of the risk management process, and describes the main methods of financial risks. To manage financial risks in an organization, the following basic methods are used: risk evasion (or, otherwise, its avoidance); prevention and control of possible losses (risk absorption); preservation of risk (taking over a risk); risk transfer. Opportunity and consequences are two important components of risk. A quantitative characteristic must take into account both of these elements. Another important characteristic of financial risk is the uncertainty of its consequences. This characteristic of financial risk is determined by the inability to change the quantitative financial result in the process of making financial decisions. The consequences of financial risk can be both positive and negative. In practice, the level of financial risk is most often assessed, first of all, by the amount of possible harm.

Keywords: financial risk, risk management, strategy, management process.

Fig.: 1. Tabl.: 1. Bibl.: 10.

Petyk Liubov O. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Financial Management, Ivan Franko National University of Lviv (1 Unіversytetska Str., Lvіv, 79001, Ukraine)
Email: [email protected]
Baskova Yuliia S. – Master, Ivan Franko National University of Lviv (1 Unіversytetska Str., Lvіv, 79001, Ukraine)
Email: [email protected]

List of references in article

Bondarenko, Ye. K. “Sutnist strakhuvannia finansovykh ryzykiv ta yoho osoblyvosti v Ukraini“ [The Essence of Financial Risk Insurance and its Features in Ukraine]. Naukovyi visnyk Khersonskoho derzhavnoho universytetu. Seriia «Ekonomichni nauky». 2016. https://essuir.sumdu.edu.ua/bitstream-download/123456789/69710/3/Bondarenko_Article.pdf
Volkova, N. A., Podvalna, N. E., and Semenova, K. D. Ekonomichnyi analiz [Economic Analysis]. Odesa: PPTs «Belka», 2020.
Dotsenko, I. O. “Stratehiia upravlinnia finansovymy ryzykamy pidpryiemstva v protsesi formuvannia yoho finansovoi bezpeky“ [Strategy of Management of Financial Risks of the Enterprise in the Process of Formation of its Financial Security]. Modern Economics, no. 20 (2020): 73-78. DOI: https://doi.org/10.31521/modecon.V20(2020)-12
Zhykhor, O. B., and Kotova, N. M. “Shliakhy neitralizatsii finansovoho ryzyku i pidvyshchennia finansovoi stiikosti pidpryiemstva v suchasnykh umovakh hospodariuvannia“ [Ways to Neutralize Financial Risk and Increase the Financial Stability of the Enterprise in Modern Business Conditions]. Visnyk Universytetu bankivskoi spravy Natsionalnoho banku Ukrainy, no. 1 (2012): 76-78.
Kovalchuk, N. O., Fedyshyn, M. P., and Zhavoronok, A. V. “Teoretychni aspekty analizu skladu, struktury aktyviv ta dzherel yikh finansuvannia“ [Theoretical Aspects of the Analysis of the Composition, Structure of Assets and Sources of their Financing]. Investytsii: praktyka ta dosvid, no. 23 (2019): 64-69. DOI: https://doi.org/10.32702/2306-6814.2019.23.64
Korzh, N. V. “Metody upravlinnia finansovymy ryzykamy“ [Methods of Financial Risk Management]. Traiektoriia nauky, vol. 2, no. 10 (2016): 11-16.
Kostetskyi, V. V., and Butov, A. M. “Napriamy pobudovy systemy upravlinnia finansovymy ryzykamy na pidpryiemstvi“ [Construction Areas of Financial Risk Management at the Enterprise]. Ukrainskyi zhurnal prykladnoi ekonomiky. 2016. http://dspace.wunu.edu.ua/bitstream/316497/6196/1/7.pdf
Neskorodiev, S. M., and Hrachova, O. O. “Doslidzhennia sutnosti upravlinnia finansovymy ryzykamy pidpryiemstva“ [Research the Essence of the Financial Risk Management of the Enterprise]. Visnyk ekonomiky transportu i promyslovosti, no. 47 (2014): 132-136.
Orlyk, O. V. “Finansovi ryzyky v systemi zabezpechennia finansovo-ekonomichnoi bezpeky pidpryiemstva“ [Financial Risks in the System of Ensuring Financial and Economic Security of the Enterprise]. Innovatsiina ekonomika. 2016. http://dspace.oneu.edu.ua/jspui/bitstream/123456789/5113/1/Фінансові%20ризики%20в%20системі%20забезпечення%20фінансово-економічної%20безпеки%20підприємства.pdf
Tymoshenko, Yu. O. “Finansovi ryzyky v systemi ekonomichnoi bezpeky Ukrainy“ [Financial Risks in the System of Economic Security of Ukraine]. Visnyk Khersonskoho derzhavnoho universytetu. Seriia «Ekonomichni nauky». 2014. http://www.ej.kherson.ua/journal/economic_06/273.pdf

 FOR AUTHORS

License Contract

Conditions of Publication

Article Requirements

Regulations on Peer-Reviewing

Publication Contract

Current Issue

Frequently asked questions

 INFORMATION

The Plan of Scientific Conferences

 OUR PARTNERS

Journal «The Problems of Economy»