Methodological Provision of Active Management of Economic Risk in Agrarian Business

Marina V. Korshikova, Irina P. Belikova, Tatyana I. Sakhnyuk, Pavel A. Sakhnyuk and Inna G. Svistunova

European Research Studies Journal, 2016, vol. XIX, issue 2, 113-124

Abstract: The article views main approaches to economic risks management. The article offers the algorithm of active management of aggregate economic risk, based on the use of complex of formalized and non-formalized calculation and analytical methods of reduction of uncertainty during decision making and aimed at reduction of probability of negative result of business risk situations by means of reasoned actions for timely adaptation to changing economic conditions. In the conducted research, the authors analyzed positive aspects and difficulties of practical use of the above methods under the conditions of modern stage of development of Russian agrarian business. The results of this analysis were the basis for formation and development of methodological provision of calculation and analytical components of active management of economic risks.

Keywords: risk management; agrarian business; economic risk; stress testing (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:ers:journl:v:xix:y:2016:i:2:p:113-124

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