Risk Management In The Process Of The Financial Activity Of The Corporation

Abstract

Currently, the business environment is subject to variability caused by economic and political circumstances. It sheds new light on the issue of risk management in business. The relevance of the problem is due to the fact that the presence of risk management systems as a mandatory control system is one of the main functional features of corporate structures in modern economic conditions. Significant amounts of financial and other types of resources, a wide range of territorial, sectoral areas of development cause risks of critical impact and as a consequence the probability of considerable losses. Thus, it can be noted that for corporations risk management is necessary to implement an effective management system. The purpose of the article is to develop theoretical propositions for the study of the degree of risk impact on the financial activities of the corporation, to analyze the problems and main prospective areas of development of corporate risk management systems. The leading approach to the study of this problem is the classical approach which allows to identify the methods of financial risk management. The main results of the study include working out proposals for risk management in the process of the financial activity of corporations, consideration of the features of risk management in Russia and abroad, revealing problems that hinder the development of effective risk management in the corporation financial activity, working out proposals for the formation of risk management in the corporate management system.