Academic Journal
TERMINOLOGICAL PROBLEMS OF KNOWLEDGE OF NATURE OF FINANCIAL RISK
| Τίτλος: | TERMINOLOGICAL PROBLEMS OF KNOWLEDGE OF NATURE OF FINANCIAL RISK |
|---|---|
| Πηγή: | Problems and prospects of economics and management; No. 1(17) (2019): Problems and prospects of economics and management; 253-264 Problemy i perspektywy ekonomii i zarządzania; Nr 1(17) (2019): Проблеми і перспективи економіки та управління; 253-264 Проблемы и перспективы экономики и управления; № 1(17) (2019): Проблемы и перспективы экономики и управления; 253-264 Проблеми і перспективи економіки та управління; № 1(17) (2019): Проблеми і перспективи економіки та управління; 253-264 |
| Στοιχεία εκδότη: | НУ «Чернігівська політехніка», 2021. |
| Έτος έκδοσης: | 2021 |
| Θεματικοί όροι: | функції фінансового ризику, невизначеність, financial risk, contradiction, 1. No poverty, фінансовий ризик, природа фінансового ризику, альтернативність, nature of financial risk, ризик, науковий підхід, 8. Economic growth, scientific approach, суперечливість, uncertainty, 336.005.334-028.42, risk, alternative, functions of financial risk |
| Περιγραφή: | Crisis phenomena observed in the world and national economies revealed insufficient understanding of the nature of financial risk by many market players. This fact makes it impossible to develop a reasonable system of risk management, designed to minimize the negative impact of the risks on the functioning and development of business entities. All mentioned above makes this research timely and expedient. The purpose of the article is to study the terminological problems of understanding the nature of financial risk and to clarify its categorical and conceptual apparatus. Study and analysis of scientific literature allowed distinguishing three main approaches to the research of the nature of risk in general and financial risk in particular: subjective, objective and dualistic (subjective-objective). It has been proved that the most complete is the dualistic concept of the nature of the emergence of financial risk, which combines subjectivity and objectivity of risk perception and manifests itself in the need to make a choice from certain alternatives and the ability to determine the parameters of the real uncertainty of the external and internal environment quantitatively and qualitatively. The scientific literature on risk management contains a certain categorical and conceptual apparatus, however, to date there is no generally accepted definition of financial risk, and there is no unambiguous understanding of which risks are actually financial. The generalization of existing definitions of financial risk has allowed distinguishing common and distinctive features inherent in different interpretations of financial risk and dividing them depending on the consideration of risk as an event, an activity, and probability of failure or success. The study of the properties of financial risk allows revealing its nature more completely. The research conducted in this field have allowed highlighting and formulating the main properties of this economic category, namely: uncertainty, contradiction, alternative, probability, dynamism, significance, stochasticity, heredity, fluctuation, contradictory, manageability, interconnectedness (the presence of causal relationships) It has been included information-analytical, regulatory, innovative and protective functions to the range of functions inherent in financial risk, which allowed formulating the author's definition of this economic category. According to the author, financial risk is a specific economic category that arises in the process of financial and economic activity of any economic entity and reflects the likelihood of decrease or loss of its profit / income / capital, as well as reorganization, bankruptcy, and liquidation subject to uncertainty of external and internal factors. The properties inherent in each financial risk and the range of its inherent functions affect the selection of effective means of risk management. Therefore, their choice and justification will be the subject of further research. У статті досліджено понятійно-категоріальний апарат фінансового ризику, визначено основні підходи до пізнання природи фінансового ризику, розглянуто їх основні концептуальні положення та особливості. Доведено, що при уточнені природи фінансового ризику необхідно зважати на дуалізм фінансового ризику, який може проявлятися у вигляді можливості отримання збитку або ототожнюватись з прибутком досліджуваного економічного суб’єкта. Проведено аналіз наявних у науковій літературі визначень категорії «фінансовий ризик», узагальнено основні властивості фінансового ризику, уточнено сутність фінансового ризику через призму виконуваних функцій та з урахуванням отриманих результатів запропоновано авторське тлумачення цієї категорії. |
| Τύπος εγγράφου: | Article |
| Περιγραφή αρχείου: | application/pdf |
| Γλώσσα: | Ukrainian |
| ISSN: | 2411-5215 |
| Σύνδεσμος πρόσβασης: | http://ppeu.stu.cn.ua/article/view/176650 |
| Rights: | CC BY NC |
| Αριθμός Καταχώρησης: | edsair.scientific.p..4207779f04e5dc64f9e226c3a28878e2 |
| Βάση Δεδομένων: | OpenAIRE |
| ISSN: | 24115215 |
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