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Catastrophic Business Risk: Data From the Russian Regions

Author

Listed:
  • Iuliia S. Pinkovetskaia
  • Anton V. Lebedev
  • Irina V. Gruznova
  • Igor V. Balynin

Abstract

The purpose of the study is to analyze the regularities and trends of the existing levels of catastrophic business risk for sets of small and medium-sized enterprises located in each of the regions of Russia. The article discusses the methodological and empirical aspects of the assessment of catastrophic risk, as well as the calculation for-mula for determining its level. Research based on the official statis-tical data for Russian regions for the 2010-2017 period. Evaluation level of catastrophic risk was made on calculated functions density of normal distribution. Study revealed that for discussing years average value of catastrophic risk is 8.1%. The highest level of cata-strophic business risk is due to the influence of crisis phenomena in the economy in 2016-2017. The article also identifies and observes the regions with respectively high and low levels of catastrophic business risk. The results obtained have a certain theoretical and applied value, in particular, in the analysis of patterns characteristic of the business sector of the economy, substantiation of proposals for its development, as well as business risk management. The results of the study would be of interest in the educational process of higher and secondary special educational institutions, as well as for researchers and state and municipal authorities.

Suggested Citation

  • Iuliia S. Pinkovetskaia & Anton V. Lebedev & Irina V. Gruznova & Igor V. Balynin, 2020. "Catastrophic Business Risk: Data From the Russian Regions," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 16(3), pages 83-92.
    • Handle: RePEc:mje:mjejnl:v:16:y:2020:i:3:83-92
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    References listed on IDEAS

    as
    1. Natalia Nehrebecka, 2018. "Sectoral risk assessment with particular emphasis on export enterprises in Poland," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 36(2), pages 677-700.
    2. Simona-Valeria TOMA & Ioana-Veronica ALEXA, 2012. "Different Categories of Business Risk," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 2, pages 109-114.
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