ON THE ISSUE OF THE RISK FUNCTION OF FINANCIAL MANAGEMENT IN MODERN CONDITIONS
The article considers types of financial risks and their impact on the performance of organizations, justifies the need to introduce a risk function among the functions of financial management, reveals its content and role in financial management of commercial organizations forced to lack financial and credit resources in the conditions of recovery from the economic crisis.
Keywords: commercial organizations, financial risks, risk management, financial management, risk function, insurance, risk management.
Highlights:
♦ various approaches to the classification of financial management functions have been studied;
♦ the analysis of quantitative indicators characterizing the impact of risks on the performance of organizations has been carried out;
♦ the necessity of allocating a risk function in the totality of financial management functions is substantiated and its content is disclosed;
♦ specific features of the impact of the risk function on the financial management of commercial organizations are determined.
Mikhail A. Pershin, Head of the "Insurance Services" department of the Federal Postal Service of the Samara region.; Oleg A. Khvostenko, Candidate of Economic Sciences, Associate Professor of Finance and Credit Department of Samara State University of Economics