Proceedings of the International Conference on Trends of Technologies and Innovations in Economic and Social Studies 2017

Financial risk management

Authors
Svetlana Pashchenko, Nikolay Pashchenko, Olga Krioni
Corresponding Author
Svetlana Pashchenko
Available Online June 2017.
DOI
https://doi.org/10.2991/ttiess-17.2017.84How to use a DOI?
Keywords
risk, financial risk, financial risk management, methods of risk analysis
Abstract
The article is devoted to the most innovative and relevant areas of business management, taking into account risks. The goal of risk management should not be reducing risks, but ensuring that a decision is made taking into account risks.  Reducing financial risk involves the implementation of organizational measures that contribute to the prevention of losses. Risk assessment involves the adoption of possible losses and planning their financing in support of the investment decision. According to it, tools of risk management include instruments of risk mitigation and risk assessment. To reduce the risk in financial management, it is advisable to use a number of organizational risk management tools in order to influence certain aspects of the enterprise activities. Also a firm can minimize financial risks by establishing and using internal financial standards in the financial process as a whole. For that purpose, the enterprise risk management process is proposed. It consists of identifying risks, analyzing and prioritizing risks, minimizing risks, monitoring and managing risk culture.
Open Access
This is an open access article distributed under the CC BY-NC license.

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Cite this article

TY  - CONF
AU  - Svetlana Pashchenko
AU  - Nikolay Pashchenko
AU  - Olga Krioni
PY  - 2017/06
DA  - 2017/06
TI  - Financial risk management
BT  - International Conference on Trends of Technologies and Innovations in Economic and Social Studies 2017
PB  - Atlantis Press
SN  - 2352-5428
UR  - https://doi.org/10.2991/ttiess-17.2017.84
DO  - https://doi.org/10.2991/ttiess-17.2017.84
ID  - Pashchenko2017/06
ER  -