Financial risk management as protection of freedom and life of business
Abstract and keywords
Abstract:
This work is devoted to the study of financial risks as a system that protects the independence and stability of the company. Using a parallel with the ascent without protection, the authors show why the lack of risk management is so dangerous for the organization. It turns out that financial risk management protects not only property and assets, but also the strategic freedom of the enterprise, its potential for development and the ability to survive in conditions of economic instability. Thus, risk management is not just a set of methods and procedures, but a mechanism that provides the enterprise with the right to independently determine the direction of development and remain viable in the face of unforeseen challenges.

Keywords:
financial risk management, risk management, financial sustainability, corporate autonomy, business viability, uncertainty, financial security
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References

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