IDEAS home Printed from https://ideas.repec.org/a/alq/rufejo/rfej_2020_03_82-89.html
   My bibliography  Save this article

Risk Management - the Realities today

Author

Listed:
  • Olga Vladimirovna Leonova

    (Russian Foreign Trade Academy, Moscow, Russia)

  • Aleksandra Sergeevna Buyankina

    (AO Clothes 3000, Moscow, Russia)

Abstract

The authors consider the risks not as a fragmental negative event, but as a permanent attribute of Russian companies. The article analyzes the process of risk management development in Russian business based on the data from the survey of the research center of Deloitte in the CIS concerning the main problems of risk management formation in Russian companies. The article focuses on the weaknesses in the establishment of risk management divisions in companies. The key risks that modern companies face are identified in accordance with the data of the Federation of European Risk Managers Associations (FERMA). The study allows us to conclude that most Russian companies at present are at the stage of forming risk management, while it is necessary to implement foreign practices and develop risk management techniques taking into account the realities of the Russian economy.

Suggested Citation

  • Olga Vladimirovna Leonova & Aleksandra Sergeevna Buyankina, 2020. "Risk Management - the Realities today," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 3, pages 82-89, March.
    • Handle: RePEc:alq:rufejo:rfej_2020_03_82-89
    as

    Download full text from publisher

    File URL: http://repec.vavt.ru/RePEc/alq/rufejo/rfej_2020_03_82-89.pdf
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:alq:rufejo:rfej_2020_03_82-89. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Anna Chernyavskaya (email available below). General contact details of provider: https://edirc.repec.org/data/vavtmru.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.