Akademik Məlumat İdarəetmə Sistemi
37th International Scientific Conference on Economic and Social Development - Socio Economic Problems of Sustainable Development, Baku, Azerbaijan, 14 - 15 February 2019, pp.572-576, (Full Text)
The article notes that in modern conditions risk is an inevitable element in making any economic decision. There is a limit after exceeding which the risk could jeopardize the functioning of a business. Therefore, it is necessary to determine whether the expected profitability is sufficient for risk aggregation and realization of profits. Much attention is paid to the importance of a rational choice for a probable assessment, considering risk situations and substantiation of design options for decisions made. It is necessary to distinguish between managed and unmanaged risk situations. The problem of expansion and strengthening of the degree of controllability of financial risks arises based on an accurate assessment of the real risk situation. Manageability of financial risks acts as an important factor of financial stability. In turn, neutralization of uncertainty factors to some extent can be assessed as a form of financial risk management and effective consideration of risk factors in the implementation of an economic strategy. As a result, positive changes in the financial system develop into a qualitatively new condition contributing to financial stability. In general, financial risk shows the imperfection of the self-regulation market mechanism and makes external regulation necessary. Therefore, in the conditions of spontaneous market relations, the role of state regulation is increasing. To ensure financial stability, enterprises must maintain their solvency, liquidity and creditworthiness at the right level. The economic strategy of the state and business structures are dialectically interconnected with state regulation methods. The main task of ensuring the sustainability of the financial system based on its systemic regulation is to achieve manageability of financial risks in this area.