Conceptual Approaches to Managing Economic Risks of Corporate Integration of Joint-Stock Companies
Korovin Yu. V.
a graduate of the third (educational and scientific) level of higher education,
ORCID https://orcid.org/0009-0006-8643-6455
e-mail: 012fireman012@gmail.com,
Central Ukrainian National Technical University, Kropyvnytskyi.
Citation Format
Korovin Yu. V. Conceptual Approaches to Managing Economic Risks of Corporate Integration of Joint-Stock Companies. Management of Economy: Theory and Practice. Chumachenko’s Annals: collection of scientific papers / Institute of Industrial Economics of the NAS of Ukraine. Kyiv, 2024. P. 381-393. DOI: https://doi.org/10.37405/2221-1187.2024.381-393
Language
Ukrainian
Resume
This article proposes a concept of economic risk management in the context of corporate integration of joint-stock companies. It emphasizes the strategic nature of such integration, where joint-stock companies unite under a single management, forming interconnected structures aimed at achieving a synergistic effect.
It is substantiated that effective management of economic risks helps to minimize financial losses and other problems associated with different corporate cultures and systems during integration processes. It is proven that the term “risk” is a multifaceted economic and managerial construct, and its definition is usually reduced to the concept of the potential occurrence of an event through various negative factors, and economic risk is the measure of probability and potential impact of uncertain events that can negatively affect the economic activity or financial status of an entity. Consequently, the main types of economic risks accompanying the integration process, including financial, operational, strategic, and reputational risks, are investigated.
The developed concept of managing economic risks in the context of corporate integration of joint-stock companies involves a systematic approach to managing various blocks of economic risks, including identification, assessment, strategic management, and risk monitoring. Effective implementation of the concept will ensure stable functioning of the combined companies, which will contribute to cost reduction, reputation strengthening, improved coordination, and adaptation to changes, forming a reliable foundation for sustained development and strategic innovations.
Keywords
risk, economic risk, corporate integration, joint-stock companies, economic risk management, risk assessment, financial risks, operational risks, strategic risks, reputational risks, risk monitoring, adaptation to changes.
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Received: 10.10.2024
Accepted: 19.11.2024
Published: 20.12.2024