IDEAS home Printed from https://ideas.repec.org/a/ers/ijebaa/vviiy2019ispecial1p3-15.html
   My bibliography  Save this article

Risk Control in Modeling Financial Management Systems of Large Corporations in the Digital Economy

Author

Listed:
  • Vovchenko N.G.
  • Andreeva O.V.
  • Orobinsky A.S.
  • Sichev R.A.

Abstract

Purpose: Growth in the uncertain business environment leads to the formation of demand for new institutional and legal conditions for the financial and investment strategies. The article discusses features of risk-oriented control in the context of digitalization. Design/Methodology/Approach: The study involves modern concepts of uncertainty theory and risk management solutions coupled with the analysis of factors affecting the system risk formation and development. Findings: Authors have developed the features of a modern global economic system, influencing risk formation and development, highlighted the prospects for the digitization of business systems and concluded that in terms of digitization interactive interagency cooperation of the real economy development support is main and required element of the Russian economic system’s institutional matrix. Practical Implications: The research results may be implemented into financial management systems of large industrial corporations. Originality/Value: The main contribution of this study is the modern digitalization pattern affecting the financial systems‘ development.

Suggested Citation

  • Vovchenko N.G. & Andreeva O.V. & Orobinsky A.S. & Sichev R.A., 2019. "Risk Control in Modeling Financial Management Systems of Large Corporations in the Digital Economy," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(Special 1), pages 3-15.
    • Handle: RePEc:ers:ijebaa:v:vii:y:2019:i:special1:p:3-15
    as

    Download full text from publisher

    File URL: https://www.ijeba.com/journal/247/download
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. R. Rupeika-Apoga & S.H. Zaidi & Y.E. Thalassinos & E.I. Thalassinos, 2018. "Bank Stability: The Case of Nordic and Non-Nordic Banks in Latvia," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(2), pages 39-55.
    2. O.V. Andreeva & E.V. Shevchik, 2017. "Organizational and Financial Modeling of Transnational Industrial Clusters Sustainable Development: Experience, Risks, Management Innovation," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 137-147.
    3. N.G. Vovchenko & M.G. Holina & A.S. Orobinskiy & R.A. Sichev, 2017. "Ensuring Financial Stability of Companies on the Basis of International Experience in Construction of Risks Maps, Internal Control and Audit," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 350-368.
    4. A.G. Polyakova & M.P. Loginov & A.I. Serebrennikova & E.I. Thalassinos, 2019. "Design of a Socio-economic Processes Monitoring System Based on Network Analysis and Big Data," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(1), pages 130-139.
    5. repec:ers:journl:v:vi:y:2018:i:2:p:39-55 is not listed on IDEAS
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Garnov & A. & Zvyagin & L. & Sviridova & O., 2019. "System Data Analysis: Innovative Technologies, Methods and Techniques," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(Special 1), pages 26-39.
    2. Albekov Adam Umarovich & Vovchenko Natalia Gennadyevna & Andreeva Olga Vladimirovna & Sichev Roman Alexandrovich, 2017. "Block Chain and Financial Controlling in the System of Technological Provision of Large Corporations," European Research Studies Journal, European Research Studies Journal, vol. 0(3B), pages 3-12.
    3. Marta Maciejasz-Swiatkiewicz & Robert Poskart, 2020. "Cryptocurrency Perception Within Countries: A Comparative Analysis," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 186-203.
    4. Arzhenovskiy S.V. & Bakhteev A.V. & Sinyavskaya T.G. & Hahonova N.N., 2019. "Audit Risk Assessment Model," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(Special 1), pages 74-85.
    5. Ivanchenko O.V. & Mirgorodskaya O.N. & Baraulya E.V. & Putilina T.I., 2019. "Marketing Relations and Communication Infrastructure Development in the Banking Sector Based on Big Data Mining," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(Special 2), pages 176-184.
    6. R.A. Ramazanov, 2019. "Development of Electronic Communications in the Financial Market-Based System," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(Special 1), pages 86-92.
    7. Letife Özdemir & Ercan Özen & Simon Grima & Yannis Thalassinos, 2019. "Causality between Spot and Future Markets of the Borsa Istanbul Index and the Dow Jones Industrial Average," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 9(3-4), pages 115-131.
    8. Beata Swiecka & Simon Grima, 2019. "Factors Affecting the Consumers’ Choice of Payment Instrument in Poland," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 179-198.
    9. Ramona Rupeika-Apoga & Irina Solovjova, 2017. "Access to Finance for Latvian SMEs," European Research Studies Journal, European Research Studies Journal, vol. 0(3A), pages 57-68.
    10. T.L. Bezrukova & Yu.N. Stepanova & I.I. Shanin & Yu.V. Busarina & S.Yu. Nesterov, 2017. "Aspect-Oriented, Key-Index Based Regional Business Entities' Evaluation Framework," European Research Studies Journal, European Research Studies Journal, vol. 0(3B), pages 183-192.
    11. repec:ers:journl:v:special_issue:y:2018:i:1:p:407-422 is not listed on IDEAS
    12. repec:osf:osfxxx:v48fa_v1 is not listed on IDEAS
    13. Firman Jatnika & Nury Effendi & Erie Febrian & Mokhamad Anwar, 2019. "Determinants of Business Models Innovation of Islamic Bank in Indonesia," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 64-82.
    14. Tomasz Smutek & Jan Sikora & Sylwester Bogacki & Marek Rutkowski & Dariusz Wozniak, 2024. "Use of Autoencoder and One-Hot Encoding for Customer Segmentation," European Research Studies Journal, European Research Studies Journal, vol. 0(Special A), pages 72-82.
    15. Posnaya & E.A. & Semenyuta & O.G. & Dobrolezha & E.V. & Smolander & M., 2019. "Modern Features for Capital Portfolio Monitoring," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(Special 1), pages 53-60.
    16. Peter J. Baldacchino & Chantelle Camilleri & Simon Grima & Frank H. Bezzina, 2017. "Assessing Incentive and Monitoring Schemes in the Corporate Governance of Maltese Co-operatives," European Research Studies Journal, European Research Studies Journal, vol. 0(3A), pages 177-195.
    17. Donjeta Morina, 2020. "Determinants of Credit Risk in Commercial Banks of Kosovo," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(2), pages 179-190.
    18. Semenyuta O.G. & Andreeva A.V. & Sichev R.A. & Filippov Yu.M., 2019. "Digital Technologies in Lending Small and Medium-Size Enterprises in Russia," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(Special 1), pages 40-52.
    19. N.E. Goryushkina & T.V. Gaifutdinova & E.V. Logvina & A.G. Redkin & V.V. Kudryavtsev & Y.N. Shol, 2019. "Basic Principles of Tourist Services Market Segmentation," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(2), pages 139-150.
    20. Agus Zainul Arifin, 2017. "The Influence of Financial Knowledge, Control and Income on Individual Financial Behavior," European Research Studies Journal, European Research Studies Journal, vol. 0(3A), pages 635-648.
    21. repec:ers:journl:v:special_issue:y:2018:i:1:p:544-552 is not listed on IDEAS
    22. repec:ers:journl:v:special_issue:y:2018:i:1:p:496-505 is not listed on IDEAS
    23. Andrey Paptsov & Vasiliy Nechaev & Pavel Valerievich Mikhailushkin, 2019. "Towards to a single innovation space in the agrarian sector of the member states of the Eurasian economic union: a case study," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(1), pages 637-648, September.
    24. Eva Maria Lado Gonzalez & Domingo Calvo Dopico, 2017. "The Importance of Intangible Assets in the Strategic Management of the Firm: An Empirical Application for Banco Santander," European Research Studies Journal, European Research Studies Journal, vol. 0(2A), pages 177-196.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • G17 - Financial Economics - - General Financial Markets - - - Financial Forecasting and Simulation
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • H32 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Firm

    Statistics

    Access and download statistics

    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:ers:ijebaa:v:vii:y:2019:i:special1:p:3-15. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Marios Agiomavritis (email available below). General contact details of provider: https://ijeba.com/ .

    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.