scholarly journals Financial Risk Management

2017 ◽  
Vol 22 (4) ◽  
pp. 276-280
Author(s):  
Soňa Jirásková
Keyword(s):  
Risk Management ◽  
Financial Management ◽  
Financial Risk ◽  
Slovak Republic ◽  
Management Process ◽  
Negative Consequences ◽  
Financial Risk Management ◽  
Risk Management Process

Abstract This paper analyses financial risk management at the Ministry of Defence of the Slovak Republic. In its first part, the author defines the basic terms related to risk management, explains the negative consequences of risks and points to the importance of financial risk management. The second part of the paper is concerned with the risk management process at the Ministry of Defence of the Slovak Republic relating to financial management.

scholarly journals PARAMETRIZATION OF THE MECHANISM OF FINANCIAL RISK MANAGEMENT IN THE DIGITAL SECURITIES CIRCULATION

2019 ◽  
pp. 77-83
Author(s):  
Oleksandr Volodmyrovych Lutskevych ◽  
Keyword(s):  
Risk Management ◽  
Social Life ◽  
Financial Risk ◽  
State Regulation ◽  
Securities Market ◽  
Financial Risks ◽  
Negative Consequences ◽  
Management Mechanism ◽  
Financial Risk Management ◽  
The Impact

Urgency of the research. Digital technologies are transforming all spheres of social life, and the financial sphere is no exception. In general, such trends cannot but leave an imprint on approaches to managing the financial risk of digital securities. Target setting. Currently, scientific and methodological support for the formation of a mechanism for managing the financial risks of digital securities is in the early stages of development, while the quality of state regulation and supervision of participants in digital securities directly depends on the effectiveness of the current mechanism for managing such risks. Actual scientific researches and issues analysis. Theoretical and applied aspects of the securities market, features of the impact of financial innovations and financial risk management in the field of securities circulation, are researched by V. Bodrov [1], O. M. Kovaleva [2], I. V. Krasnova [3], N. V. Tkachenko [4], Yu. B. Kolupaeva [5] and others. Uninvestigated parts of general matters defining. The methodology of formation the mechanism for managing the financial risks of digital securities needs more precise research. The research objective. Deepening the scientific understanding of the term "financial risk management mechanism for the circulation of digital securities" will ensure to outline ways of increasing the efficiency of this financial instrument usage. The statement of basic materials. This article analyzes the essence of the term "financial risk management mechanism". The construction of the mechanism has been adapted to the specifics of digital securities risk management. Conclusions. The essence of the mechanism of financial risks management of digital securities circulation is improved due to application of a set of methods for identification, quantitative and qualitative analysis, measures to prevent realization and / or reduction of negative consequences of financial risks of digital securities circulation, ways of control over some events.

Research on Risk Aversion Strategy in Financial Management of Wholesale and Retail Type Listed Companies

2021 ◽  
Vol 7 (5) ◽  
pp. 2854-2862
Author(s):  
Linfang Hou
Keyword(s):  
Risk Management ◽  
Financial Management ◽  
Financial Risk ◽  
Listed Companies ◽  
Developed Countries ◽  
Financial Risk Management ◽  
Important Means ◽  
Set Up ◽  
Scientific System ◽  
Short Time

Objectives: In recent years, with the establishment of the socialist market economy, China has set up a number of listed companies, the development of the national economy has played an important role in promoting. However, due to the short time of listing of listed companies, it can not form a scientific system management system like western developed countries. Methods: In the process of management, there are still some shortcomings, among which the most important is financial risk management. Financial risk management for listed companies has a very important role, not only to ensure that its financial work reasonable system of operation, but also to promote the expansion of listed companies an important means, therefore, it must be taken seriously. Results: Based on the present situation of financial risk management of listed companies in China, this paper expatiates on financial risk management and analyzes the shortcomings of financial risk management of listed companies in China’s wholesale and retail types, analyzes their causes in detail. Conclusion: And finally, the corporate financial risk management defects of the governance strategy put forward the corresponding recommendations.

scholarly journals RISKS OF INNOVATIVE ACTIVITY: ECONOMIC AND LEGAL ANALYSIS

2020 ◽  
Vol 6 (1) ◽  
pp. 67
Author(s):  
Nataliia Kuznietsova ◽  
Liudmyla Kot ◽  
Oleksii Kot
Keyword(s):  
Risk Management ◽  
Rapid Development ◽  
Legal Regulation ◽  
Innovative Activity ◽  
Management Process ◽  
Negative Consequences ◽  
Business Decision ◽  
Innovative Project ◽  
Risk Management Process ◽  
The Impact

As experience in the development of the economy of different countries shows, risk is an integral factor in a market economy. The rapid development of science and technology, the emergence of new technologies, their implementation into production, the increase in the number of innovative projects give rise to new types of risks, which, in turn, complicate social relations. The lack of a unified approach to the scientifically justified definition of risk, its features, classification criteria, as well as the lack of a conceptual and categorical component necessitates the further study of risk in law, which is reflected in the qualitative legal regulation of the relations of participants. The subjects of the research are the economic and legal aspects of innovative activity risks. Accordingly, the purpose of the article is a study of the nature of risk, the main classification features, defining the role and place of legal risks, identifying the main approaches to risk management of innovative projects. To achieve this goal, we have used the following research methods: analysis and generalization of theoretical sources and scientific literature; abstractlogical method in the process of theoretical generalizations and formation of conclusions; general scientific methods of analysis and synthesis. In the result of the research conducted it is determined that the risk of an innovative project is a set of risks that combine the elements associated with a particular innovative project, that is, for each specific project and the entity that develops, implements and manages the project will be its own set of risks. A prerequisite for business decision-making is the skills and ability to manage risk, which is to determine its acceptable limits, taking into account the potential negative consequences, which, among other things, will minimize the impact of the risk factor on the planned economic outcome of the introduction of innovation. A crucial factor in ensuring the success of the innovative risk management process is interaction at all stages, in particular during the identification, analysis, evaluation, control, monitoring of risks. Engaging and understanding the risk management process and its need for all project participants ensures the effectiveness of structural and organizational risk management measures. Effective risk management requires commitment, as well as the conscious behavior of each person. The motivation and interaction of the parties involved in the project ultimately determine the quality of the work and therefore the success of the project.

Quality management tools as a factor of instrument-making enterprise development

2018 ◽  
Vol 35 (4) ◽  
pp. 54-61
Author(s):  
M. A. Menshikova ◽  
Y. V. Piunova
Keyword(s):  
Risk Management ◽  
Management Process ◽  
Negative Consequences ◽  
Enterprise Development ◽  
Management Tools ◽  
Instrument Making ◽  
Initial Information ◽  
Performance Targets ◽  
Risk Management Process

In the article the questions of formation of the analytical information for assessing the quality of the instrument-making enterprise. The indicators of quality, as well as the necessary initial information are given. The authors determined the importance of the procedure for determining and analyzing risks. The main stages of the risk management process are formulated. The necessity of identification of risks at all stages of the life cycle is established and the necessary measures to reduce the negative consequences of risk are developed. Defined performance targets QMS instrument - making enterprise.

scholarly journals LONG-TERM RISK MANAGEMENT FOR UTILITY COMPANIES: THE NEXT CHALLENGES

2010 ◽  
Vol 13 (04) ◽  
pp. 517-535 ◽  
Author(s):  
RENÉ AÏD
Keyword(s):  
Risk Management ◽  
Financial Risk ◽  
International Standards ◽  
Management Process ◽  
Quantitative Models ◽  
Risk Management Process ◽  
Management Concepts ◽  
Utility Companies ◽  
Firm Structures

Since the energy markets liberalization at the beginning of the 1990s in Europe, electricity monopolies have gone through a profound evolution process. From an industrial organization point of view, they lost their monopoly on their historical business, but gained the capacity to develop in any sector. Companies went public and had to upgrade their financial risk management process to international standards and implement modern risk management concepts and reporting processes (VaR, EaR…). Even though important evolutions have been accomplished, we argue here that the long-term risk management process of utility companies has not yet reached its full maturity and is still facing two main challenges. The first one concerns the time consistency of long-term and mid-term risk management processes. We show that consistencies issues are coming from the different classical financial parameters carrying information on firms' risk aversion (cost of capital and short-term risk limits) and the concepts inherited from the monopoly period, like the loss of load value, that are still involved in the utility company decision-making process. The second challenge concerns the need for quantitative models to assess their business model. With the deregulation, utilities have to address the question of their boundaries. Although intuition can provide insights on the benefits of some firm structures like vertical integration, only sound and tractable quantitative models can bring answers to the optimality of different possible firm structures.

Visualization Interface and Integration Technology of Grid Information Based on Computer Database Principle

2014 ◽  
Vol 608-609 ◽  
pp. 575-579
Author(s):  
Yang You Zhang ◽  
Lin Zhang
Keyword(s):  
Risk Management ◽  
Electric Power ◽  
Financial Management ◽  
Management System ◽  
Financial Risk ◽  
Financial Risk Management ◽  
Short Period ◽  
Power Enterprise ◽  
Financial Management System ◽  
Electric Power Enterprise

Access can be used to develop a variety of software applications, such as financial management, sales management, financial management system, which has the advantages of simple operation, Even if the non computer professionals can master in a short period of time, and it can meet the development in many fields. In this paper, based on the option management, we establish the options financial risk management model of power enterprise, combined with MySQL database tools, and design financial risk management system of the electric power enterprise. The system has a visual interface, and the user can query and do risk prediction quickly through visualization window, which greatly improves the efficiency of financial risk management for electric power enterprise. It provides a new method for the application of computer in enterprise risk management.

scholarly journals Content and interpretation of the conceptual apparatus of risk management project

2021 ◽  
pp. 52-57
Author(s):  
A. V. Pochivalov ◽  
A. V. Sysolyatin
Keyword(s):  
Risk Management ◽  
Management Process ◽  
Negative Consequences ◽  
Conceptual Apparatus ◽  
Management Processes ◽  
Risk Management Process ◽  
Management Project

One of the important management processes is the identification and management of risks. The article considers the main causes of uncertainty and the occurrence of risk events. The attitude of the authors and standards is presented, the interpretations of the concepts of “risk management” and “risk management” are systematized. The main groups of interpretations of the concept of risk are highlighted, according to which different authors and standards share the concepts. Special attention is paid to the tasks that face the risk management process. A proprietary interpretation of the definition is proposed and justified, taking into account the peculiarities of the risk management process in terms of the stages of risk management, positive and negative consequences, systematic, consistent and cyclical actions in the risk management process in project activities. 

scholarly journals CHALLENGES AND PATHWAYS TO IMPROVE COMPANY’S FINANCIAL MANAGEMENT BY RISK MINIMIZATION

2019 ◽  
Vol 131 (1) ◽  
pp. 49-57
Author(s):  
Olena V. Arefieva ◽  
Iryna M. Miagkyh ◽  
Antonina M. Yashchuk
Keyword(s):  
Risk Management ◽  
Financial Management ◽  
Financial Risk ◽  
Management Practices ◽  
Risk Minimization ◽  
Financial Loss ◽  
Financial Risk Management ◽  
The Government ◽  
Business Entities ◽  
The Impact

This paper seeks to explore the essence of financial activity and its principal objectives in the process of business functioning as well as the effects from changes in the capacity and structure of the company's equity and attracted capital. The study provides insights on the impact of financial management practices on the overall company performance and payment of financial liabilities to the government or other business entities along with identifying the key problems and barriers hindering successful development of modern enterprises. The nature of financial risk arising in the process of financial activities or financial transactions has been revealed. It is argued that the given classification of financial risks (systematic (market) / unsystematic (specific) risks) enables to take timely and relevant risk elimination or risk reduction measures, in particular, deploy risk mitigation methods to those risks which cannot be avoided. The purpose of financial risk management is to minimize financial loss. The paper offers an overview of the factors that negatively affect a company’s financial performance and discusses the types of risks that inhibit company’s good performance and further growth. The study findings suggest the priority areas in financial risk management and discuss the risk management strategies by disclosing the types of company financial stabilization mechanisms (operational, tactical and strategic), along with presenting the methods for financial risk minimization as well as a financial toolkit to enhance the company’s risk management policies to prevent possible negative implications.

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