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Counterparty risks of sports industry international business structures and national economic systems

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  • Ilin, A.

Abstract

The article deals with the business risks arising in economic relations of stakeholders in sports industry. The author makes a conclusion that the industry is characterized by risks arising both within economic entities and in their relationships in the external environment. Especially if these relations arise in the international arena. The example of the global company Formula One shows that the management of such companies uses a cognitive approach to risk management. So, possible reasons for political risks can be negative for this business political actions. Moreover, international activity leads both sides to a balance of national and business interests. Economic risks are the risk of non-return on investment in the project. On the example of the race track "Sochi Autodrom" the article analyzes positive and negative cash flows of the project and concludes that the project is a classic macroeconomic case with a long-term return on investment.

Suggested Citation

  • Ilin, A., 2019. "Counterparty risks of sports industry international business structures and national economic systems," Journal of Modern Competition, Synergy University, vol. 13(3), pages 114-124.
    • Handle: RePEc:snr:mdrcmp:v:13:y:2019:i:3:p:114-124
    DOI: 10.24411/1993-7598-2019-10310
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    File URL: https://www.moderncompetition.ru/jour/article/view/866
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