Integrated Risk Management Model Of The Company

Abstract

The article is devoted to the development of a model for assessing and reducing the financial risks of a company in modern conditions. The importance of study is determined by the need for the development of identification tools, measurement and management of financial risks, as well as theoretical and methodological approaches, which assessing the relationship of financial risks. The performance of companies and the practical significance of assessing the impact of financial risks on the performance of companies in order to develop strategies and tactics for effective development are also important. The purpose of the study is to develop the theoretical and methodological tools for assessing the impact of financial risks on the performance of Russian companies in the petroleum engineering industry, as well as managing financial risks for effectiveness’s growth. Based on the results of the work, an integrated risk management model was proposed for the company. The model includes a quantitative assessment of the positive performance of the company based on the probit-model and a management decision-making matrix based on an assessment of the impact of financial risks on the performance of companies using the method of scenario analysis.The article presents an integral model for evaluating the performance of companies, developed taking into account existing quantitative and qualitative assessment models.