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Risk management as a tool for ensuring sustainable enterprise functioning under uncertainty

Author

Listed:
  • Olga Sosnovska

    (Borys Grinchenko Kyiv University)

  • Liudmyla Dedenko

    (Borys Grinchenko Kyiv University)

Abstract

The article considers the concept of uncertainty in the enterprise's operating environment, explores the essence of threats and risks, and establishes the difference between risk and uncertainty. An analysis of international risk management standards is carried out. The features of risk management and the main methods of their optimization at the enterprise are considered.

Suggested Citation

  • Olga Sosnovska & Liudmyla Dedenko, 2019. "Risk management as a tool for ensuring sustainable enterprise functioning under uncertainty," European scientific journal of Economic and Financial innovation, "European Association of Economists", vol. 1(3), pages 70-79, April.
    • Handle: RePEc:efn:journl:v:1:i:3:y:2019:p:70-79
    DOI: 10.32750/2019-0106
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    Keywords

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    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management

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