METHODOLOGICAL APPROACHES TO ASSESSING THE IMPACT OF FINANCIAL RISKS ON THE ROAD ENTERPRISES
This review is devoted to the scientific consideration of issues of identification, evaluation, analysis of the impact of risk factors on the market an entity, as well as risk management in its activities. The insufficient study of the problem of quantitative and qualitative prediction of the likely consequences of the risks. After ordering and generalization of the views of researchers on the substance of this phenomenon are considered its characteristics in relation to the classification of risks. In the framework of allocated financial risks and the risk of bankruptcy, subject to further assessment of the company engaged in construction and repair of roads. It uses a variety of methods and models. Assessment of risk and balance sheet liquidity risk of financial instability of the company is performed using absolute and relative indicators, and the assessment of financial risk – a statistical method. The risks of bankruptcy are determined by two-factor and five-factor model of Altman, model of Fox, model of Taffler, two-factor and four-factor model predicting bankruptcy. Based on the results of risk analysis activities designed to manage and minimize the negative effects of risk factors. For the object of study revealed advantages and disadvantages of reservation (self-insurance) financial risks. Then we calculated the economic effects at the reservation in terms of revenue from sales and cost of production of works (services) road businesses.