Abstract
In this scientific article based on the study of problems of effective management of financial risks of Kazakhstani companies and KazMunaiGas JSC were identified the main risks, which typical for Kazakhstan's financial market at the present stage of its development, was justified the feasibility of using indicators to measure the level of financial risks on the basis of the comparative analysis based on the VaR methodology, as well as the expediency of the use of futures and options contracts to hedge the financial risks of the companies.
Highlights
One of the most important elements of a market economy is the financial market, the formation and intensive development in Kazakhstan which has become an integral and constituent part of the complex and multifaceted process of restructuring of economic relations
In this scientific article based on the study of problems of effective management of financial risks of Kazakhstani companies and "KazMunaiGas" JSC were identified the main risks, which typical for Kazakhstan's financial market at the present stage of its development, was justified the feasibility of using indicators to measure the level of financial risks on the basis of the comparative analysis based on the Value at Risk (VaR) methodology, as well as the expediency of the use of futures and options contracts to hedge the financial risks of the companies
The unstable nature of economic processes in the country, the imperfection of the system of management of financial market and its legislative and regulatory framework, increasing its dependence on fluctuations in world market conditions and other factors imply the existence of high risks to economic entities operating on the Kazakhstan financial market
Summary
One of the most important elements of a market economy is the financial market, the formation and intensive development in Kazakhstan which has become an integral and constituent part of the complex and multifaceted process of restructuring of economic relations. It is very important to study emerging in the company's financial risks and the identification of methods and techniques for their management.
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