FINANCIAL RISK MANAGEMENT

KOREPANOV V.K., (Izhevsk, Russia)

KOREPANOV K.I. 2010 (Almetyevsk, Russia).  

In the article written by V.K. Korepanov and K.I.Korepanov the essentials of financial risk management are exposed. The essence of correlated financial categories such as "risk”, "financial risk” and "financial risk management” is revealed. Respective discussions on the definitions of above mentioned terms are given. Objectives and functions of financial risk management are enlightened; its indicators and stages relatively to businesses are envisioned; the criteria of risk influence assessment are explicited. In conclusion, the financial manager's mission is explicated.

Risk has been known to human being ever since he first faced adversity.  It is an integral and consistent part of the evolution of man.  Risk has been encountered primarily in his physical ambiance, later in social relationships and then in financial environment. Through time and epochs, risk has evolved and changed along with man. We are interested in the concepts of financial risk and its treatment in this article.

/......................

References

1.           Investopedia.com

2.           Crockford, Neil (1986). An Introduction to Risk Management (2nd ed.).

3.           Charles, Tapiero (2004). Risk and Financial Management: Mathematical and Computational Methods. John Wiley & Son.

4.           Donald R., Kenji Imai and Mark Mesler (2004). Advanced Financial Risk Management: Tools and Techniques for Integrated Credit Risk and Interest Rate Risk Management. John Wiley.

5.           http://www.research.uwaterloo.ca/fullspectrum/brochures/pdfs/FinancialRiskManagementBrochure-Final.pdf

6.           Risk management standards// Published by AIRMIC, ALARM, IRM: 2002

http://www.theirm.org/publications/documents/Risk_Management_Standard_030820.pdf

7.           Financial Risk Management: A Practitioner's Guide To Managing Market And Credit Risk// By Steven Allen, 2003

8.           http://bschool.nus.edu.sg/Portals/0/images/MBA/docs/BMA5316A_FinanceFinancialRiskManagement_AndreGuettler.pdf

9.           www.garp.org 

10.       Yasmin Yusof. Financial Risk Management and International Accounting// Irish University Business School, 2008-09 http://www.tesionline.com/intl/thesis.jsp?idt=15115&gclid=CIvY9aCR5qQCFUYp3wodrECTKQ

11.        http://www.deutsche-bank.it/pbc/gestione_rischi.html

12.       Extending Enterprise Risk Management (ERM) to address emerging risks// http://www.pwc.com/en_GX/gx/researchpublications/pdf/pwcglobalriskserm.pdf

13.       La administración de riesgos // http://www.gestiopolis.com/canales2/finanzas/1/admonriego.htm

14.       Los riesgos financieros// http://www.gestiopolis.com/canales5/fin/losrifi.htm

15.       La administración de riesgos financieros en las Pymes de exportación// Estudio de Caso: Zona Conurbada Veracruz-Boca del Río http://www.monografias.com/trabajos14/riesgos-pymes/riesgos-pymes2.shtml

16.       http://www.pwc.com/ru_RU/ru/banking/assets/banking-banana-skins-2010-ru.pdf

17.       Gestão do capital// http://www.gestiopolis.com/finanzas-contaduria-2/gestao-do-capital.htm

18.       Gerencia financiera y calidad total. Conceptos altamente compatibles// http://www.gestiopolis.com/finanzas-contaduria/gerencia-financiera-calidad-total.htm

19.       Clasificación de Riesgo de Instituciones Financieras// http://www.monografias.com/trabajos29/riesgo-financieras/riesgo financieras.shtml?monosearch

20.       Бригхэм Ю., Эрхардт М. Анализ финансовой отчётности // Финансовый менеджмент = Financial management. Theory and Practice. — 10-е изд./Пер. с англ. под. ред. к.э.н. Е. А. Дорофеева.. — СПб.: Питер, 2007. — С. 131. — 960 с

21.       Финансовый менеджмент: теория и практика/ Под ред. Е.С.Стояновой. – 6 изд. – М.: Изд-во «Перспектива», 2006. – 656 с.

22.       Maria Letizia Guerra. Introduzione alla Gestione dei Rischi Finanziari// Università degli Studi di Urbino Carlo Bo. Facoltà di Economia

23.       Pablo Rogers, Karém Cristina Sousa Ribeiro, Dany Rogers. Avaliando o Risco na Gestão Financeira de Estoques// Anais do VII Simpósio de Administração da Produção, Logística e Operações. Internacionais – SIMPOI 2004 – FGV-EAESP. Universidade Federal de Uberlândia

http://www.pablo.prof.ufu.br/artigos/simpoi1.pdf

24.       Scherr, Frederick C. Modern Working Capital Management. Prentice-Hall, 1989

25.       Pietro Bottani. Strumenti per la copertura del rischio sul tasso d’interesse// Articolo pubblicato sul n°02 / 2005 di Amministrazione e Finanza edito da Ipsoa.

http://www.bottanieassociati.it/bottani/CIRCOLARI/Articolo-rischio-tasso-interesse.pdf

26.       GESTÃO IMPRUDENTE DO RISCO FINANCEIRO COMO ELEMENTO DE DESTRUIÇÃO DE VALOR: UMA REFLEXÃO A PARTIR DO USO DE DERIVATIVOS POR EMPRESAS LÍDERES BRASILEIRAS// Miguel Juan Bacic - Rodrigo Lanna Franco da Silveira - Maria Carolina de Azevedo Ferreira de Souza. Instituto de Economia, Universidade Estadual de Campinas, Brasil

http://www.revistaiic.org/articulos/num6/articulo3_esp.pdf

27.       La gestion des risques financiers//

http://www.thierry-roncalli.com/download/gdr-extraits.pdf

28.       http://www.investorwords.com/7890/financial_risk_management.html

29.       http://www.5min.com/Video/The-Risk-in-the-Financial-System-297729254

30.       Michael Boss, Gerald Krenn, Claus Puhr, Martin Summer. Systemic Risk Monitor: A Model for Systemic Risk Analysis and Stress Testing of Banking Systems// http://www.oenb.at/en/img/fsr_11_special_topics_02_tcm16-43720.pdf

31.       Commercial Bank Risk Management: an Analysis of the Process//By Anthony M. Santomero 95-11-C. Financial Institution Center

http://fic.wharton.upenn.edu/fic/papers/95/9511.pdf

     32. Reuvid J. Managing Business Risk: A Practical Guide to Protecting Your Business// 5th Edition, 2008, 269 p.

     33.  Philippe Jorion. Financial Risk Management Handbook// WILEY FINANCE, 5^th edition. GARP. Risk Management Library