Abstract

 
 
 The study is dedicated to identification of problematic aspects of financial risk assessment methodology on the example of stevedoring companies. In research established the list of issues for improvement the methodology of financial risk assessment both in theoretical and practical aspects. Formulated industry features of the stevedoring companies’ activity, relevant factors from the perspective of financial risk impact on results of activity, among which are distinguished: loss of net sales, exchange rate instability and decrease of financial stability. It was found that the loss of net income from the sale of state stevedoring companies of Ukraine occurred: due to the failure to fulfill the plan of cargo processing by reducing the number of the number of ship-measures and change of the nomenclature of cargo towards the less profitable and instability of the US dollar. Particular attention is paid to assessing the level of financial stability of state-owned stevedoring companies in Ukraine and identifies a downward trend in recent years. It is argued that the definition of factors that affect financial risks should be conducted using factor analysis, mathematical models that require comprehensive consideration of uncertainty factors and related to the peculiarities of stevedoring companies operation. The feasibility of drawing up a financial risk map and the options of management's response to their presence have been proved.
 
 
Highlights
The activity of any company is associated with the presence of various types of risks, which is due to the uncertainty of the effect of various factors in the market environment
Relevance of these directions is confirmed by the recent tendencies of activity of state stevedoring companies of Ukraine: - loss of net income from sales due to lack of processing of planned volumes of cargoes and reduction of the US dollar rate, which is the basis for investment in the financial plan; - inefficiency in the use of assets, including cash; - tendency to decrease financial stability, financial income, profit from exchange rate differences; - presence of non-profit units of social sphere; - limited investment opportunities
The research sets out a list of issues of improvement of the method of financial risk assessment, both in theoretical and practical aspects
Summary
The activity of any company is associated with the presence of various types of risks, which is due to the uncertainty of the effect of various factors in the market environment. The solution of the actual scientific problem, which consists in theoretical, methodological and economic-organizational support of estimation and management of financial risks of stevedoring companies will allow: - to improve the conceptual categorical apparatus; classification of financial risk existing signs, lost profit risk; methodological bases of stevedoring companies financial risk assessment; financial risk management system in stevedoring companies; - develop methodological approaches to assess the feasibility of applying risk-oriented financial control; economic tools for assessing and forecasting financial risk of stevedoring companies; financial analysis technologies in the field of financial risk management Relevance of these directions is confirmed by the recent tendencies of activity of state stevedoring companies of Ukraine: - loss of net income from sales due to lack of processing of planned volumes of cargoes and reduction of the US dollar rate, which is the basis for investment in the financial plan; - inefficiency in the use of assets, including cash; - tendency to decrease financial stability, financial income, profit from exchange rate differences; - presence of non-profit units of social sphere; - limited investment opportunities. There has been a tendency to decrease the financial soundness of state-owned stevedoring companies of Ukraine (Table 1), which is a signal for determining the factors that influence this situation, the consequences of risky operations and the optimal structure of sources of formation of assets
Sign-in/Register to view highlights & summary Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
