RISK: ECONOMIC CONTENTS, FACTORS AND METHODS OF MANAGEMENT

Lilia Martynova ()
Additional contact information
Lilia Martynova: Department of Economic Law, V. Dahl East Ukrainian National University, Ukraine

Baltic Journal of Economic Studies, 2016, vol. 2, issue 2

Abstract: The purpose of article is determination of economic content of risks, their classification and methods of management, research of influence of major factors of risk on results of economic activity of the agro-industrial complex enterprises on possible degree of their controllability, and also justification of the choice of the most optimum methods of management of economic risks at the enterprises of agrarian sector of economy. Methodology. Data for research have been taken from scientific publications and legislative base. Methods of general scientific knowledge, and also the structural analysis and content analysis are used. Results. On the basis of synthesis of approaches to definition of category of «economic risk» by the author own definition of this category is offered, the scheme of distribution of risk factors of economic activity of the enterprises of agro-industrial complex depending on main types of business processes on possible degree of their controllability is offered, and also the author offers the direction of classification of methods of management of risks from positions of their distribution or transfer, besides practical aspects of the choice of methods of economic risks management at the enterprises of agrarian sector of economy are considered. Practical implication. Streamlining of subject domain of risk management of economic activity and the offered structurization of risk factors create prerequisites for increase of system effectiveness of management at the enterprise due to reduction of negative influence of risk factors, increase of level of validity of administrative decisions in the short-term and long-term periods. Value/originality. On the basis of the conducted research it is proved that a perspective form of diversification of risks in the sphere of agro-industrial complex is creation of regional clusters.

Keywords: risk of economical activity; risk factors; classification of risk; business process; management of risks; methods of management risks; classification of methods of management risks; diversification; hedging; futures; option; limiting; insurance; cluster (search for similar items in EconPapers)
JEL-codes: O13 Q01 Q19 (search for similar items in EconPapers)
Date: 2016
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.baltijapublishing.lv/index.php/issue/article/view/87/93 (application/pdf)
http://www.baltijapublishing.lv/index.php/issue/article/view/87 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bal:journl:2256-0742:2016:2:2:15

DOI: 10.30525/2256-0742/2016-2-2-96-104

Access Statistics for this article

Baltic Journal of Economic Studies is currently edited by Anita Jankovska, Managing Editor

More articles in Baltic Journal of Economic Studies from Publishing house "Baltija Publishing"
Bibliographic data for series maintained by Anita Jankovska ().