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Financial Risks: Methodological Approaches and Management Methods

Author

Listed:
  • Guzel Kh. Pyrkova*

    (Kazan Federal University, Russia)

  • Gulnara N. Kaigorodova

    (Kazan Federal University, Russia)

  • Alfiya A. Mustafina

    (Kazan Federal University, Russia)

  • Darya P. Alyakina

    (Kazan Federal University, Russia)

Abstract

In the process of economic activity of any organization, there is always a danger of losing money, which results from the peculiarities of various economic operations. These risks are financial. At the same time, there are a number of methodological difficulties that do not allow us to approach these risks with the utmost efficiency. In recent years, the number of risks arising from the activities of many companies has increased significantly. In this regard, there have appeared a lot of new financial instruments which are actively used by market participants. The use of these tools makes it possible to reduce the level of risks assumed, but at the same time may entail certain problems for the activities of participants in the financial market. Therefore, at present, companies are increasingly thinking about how risk can affect their economic activity and what methods are necessary to respond to problems. To overcome difficulties, it is necessary to use insurance instruments in a timely manner against possible losses At the present stage of economic development, it is difficult to overestimate the role of insurance in the system of enterprise risk management, since insurance is the way to cover losses that can accompany their financial, investment and operational activities.

Suggested Citation

  • Guzel Kh. Pyrkova* & Gulnara N. Kaigorodova & Alfiya A. Mustafina & Darya P. Alyakina, 2018. "Financial Risks: Methodological Approaches and Management Methods," The Journal of Social Sciences Research, Academic Research Publishing Group, pages 122-127:5.
    • Handle: RePEc:arp:tjssrr:2018:p:122-127
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    References listed on IDEAS

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    1. Aladdinovna, Alieva G., 2016. "Correlation Between Corruption and Economic Crimes in Housing and Communal Services," Ekonomika, Journal for Economic Theory and Practice and Social Issues, Society of Economists Ekonomika, Nis, Serbia, vol. 62(2), June.
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    Cited by:

    1. Khrystyna Danylkiv & Khrystyna Gorbova & Nataliia Hembarska & Viktor Trynchuk & Yurii Paida & Volodymyr Havran, 2020. "Methods of Economic Evaluation of Concession Project Effectiveness," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 16(4), pages 67-84.
    2. Alexander Baranovsky & Nataliia Tkachenko & Vladimer Glonti & Valentyna Levchenko & Kateryna Bogatyrova & Zaza Beridze & Larisa Belinskaja & Iryna Zelenitsa, 2020. "Non-Price Criteria for the Evaluation of the Tender Offers in Public Procurement of Ukraine," IJFS, MDPI, vol. 8(3), pages 1-15, July.

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