THEORETICAL ASPECTS OF MANAGING THE RISK OF DECREASED FINANCIAL STABILITY IN THE RISK MANAGEMENT SYSTEM

ТЕОРЕТИЧЕСКИЕ АСПЕКТЫ УПРАВЛЕНИЯ РИСКОМ СНИЖЕНИЯ ФИНАНСОВОЙ УСТОЙЧИВОСТИ В СИСТЕМЕ РИСК-МЕНЕДЖМЕНТА

Shamrai-Kurbatova, Lidiya (Шамрай-Курбатова, Лидия) ()
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Shamrai-Kurbatova, Lidiya (Шамрай-Курбатова, Лидия): Volgograd Institute of Business

Paradigms of management, economics and law, 2023, issue 4, 42-57

Abstract: Introduction. The article discusses various approaches to define the term “risk”, displaying the main characteristic features. Through risk functions and risk classification, the location and essence of the risk of reducing the financial stability of the organization is determined. Methods. The induction methods used made it possible to accumulate existing approaches to the definition of “risk”, collect and analyze risk functions and specify the tools for increasing financial stability in the risk management system. Analysis. The study of the theoretical aspects of managing the risk of reducing financial stability in the risk management system made it possible to demonstrate the author’s interpretation of the definition of risk and provide a broad classification of risks according to various criteria. Risk factors for reducing financial stability are divided into two separate large groups: external factors and internal factors, which allows in practice to improve the quality of monitoring of factors in the external and internal environment of an enterprise by systematizing them within the specified groupings and comprehensively identifying the risks of reducing financial stability and, how Consequently, they must be taken into account in the company’s financial stability management system. The stages and techniques of organizing risk management are demonstrated. Results. The internal and external factors that generate the risk of reducing the financial stability of the company are systematized.

Keywords: risk; risk factors; classification; risk management (search for similar items in EconPapers)
Date: 2023
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