The influence of financial risk on the management system of financial resources of the enterprise

Sofiia Dombrovska
Postgraduate student, Department of Financial Management and Stock Market, Odessa National Economic University, E-mail:sonya0493@rambler.ru

Cite this article:

Dombrovska, S. (2016), The influence of financial risk on the management system of financial resources of the enterprise. Ed.: M. Zveryakov (ed.-in-ch.) and others [Vplyv finansovoho ryzyku na systemu upravlinnia finansovymy resursamy pidpryiemstva; za red.: М. I. Zveriakova (gol. red.) ta in.], Socio-economic research bulletin; Vìsnik socìal’no-ekonomìčnih doslìdžen’ (ISSN 2313-4569), Odessa National Economic University, Odessa, No. 2 (61), pp. 184–193.

Abstract

The essence and characteristics of financial risk in the market conditions are considered in the article. The variety of definitions of the category of «risk» in the works of native and foreign scientists is shown. The classification of financial risks according to the different features is elucidated. The paper illustrates the major internal and external causes of financial risks in the financial and business activity of enterprises. The sequence of analysis of risk in the company is posted, the mathematical procedure to define the level of risk is shown. The main areas of risks of the company’s activity are defined. The structure of own and borrowed capital of Ukraine companies for 2005-2014 years is analyzed, wherein the ratio of long-term and current liabilities to provisions of enterprises is singled out. The measures of neutralization of financial risks in enterprise activity are proposed.

Keywords

financial resources; financial risk; own capital; borrowed capital.

JEL classification: G310; G320; G350;  DOI: https://doi.org/10.33987/vsed.2(61).2016.184-193

UD classification: 330.131.7:336

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