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Liburkina L. M.

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The Methodological System for Developing Strategies for Financial Risk Management in the Context of Economic Globalization
Zhytar M. O., Ananieva Y. V.

Zhytar, Maksym O., and Ananieva, Yuliia V. (2025) “The Methodological System for Developing Strategies for Financial Risk Management in the Context of Economic Globalization.” Business Inform 1:229–240.
https://doi.org/10.32983/2222-4459-2025-1-229-240

Section: Finance, Money Circulation and Credit

Article is written in Ukrainian
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UDC 330.131.7:336.76:339.9

Abstract:
The article highlights the relevant issue of financial risk management in the context of economic globalization, which is accompanied by the integration of commodity, financial, informational, and labor markets. It is determined that globalization, on one hand, contributes to the growth of the efficiency of economic activity, while on the other hand, it intensifies the impact of uncertainties and creates new challenges for enterprises. A methodological system for developing financial risk management strategies is elaborated, encompassing stages such as risk identification, assessment, elaboration and implementation of efficient strategies, also their monitoring and review. Special attention is given to modern methods of risk identification and assessment, including SWOT analysis, PEST analysis, scenario analysis, VAR (Value at Risk), and stress testing. Emphasis is placed on the use of cutting-edge technologies, including artificial intelligence, machine learning, blockchain, big data analysis, and cloud solutions, which significantly enhance the efficiency of risk management. Such instruments not only allow for the prompt identification of risks but also enable the forecasting of their impact, adapting strategies in accordance with changes in the internal and external environment. The proposed methodology takes into account the need for a system approach to risk management in the context of integrating enterprises into international economic processes. It is noted that efficient risk management is a guarantee of financial stability, the achievement of the organization’s strategic goals, and ensuring its competitiveness in the global market. Practical aspects of implementing the developed strategies in the activities of enterprises are considered separately. In particular, the importance of adaptive management is emphasized, which allows for a prompt response to changes in market conditions and minimizes losses from potential threats. The necessity of involving qualified personnel, creating efficient internal risk monitoring procedures, and integrating digital platforms for managing financial processes is underscored. The development and implementation of such measures ensure the increased resilience of organizations and contribute to their long-term competitiveness in the global environment. It is concluded that the developed methodology is aimed at creating conditions for minimizing potential threats, enhancing the adaptability of organizations, and optimizing the use of financial resources. The implementation of these strategies allows enterprises to achieve sustainable development even in the challenging conditions of globalization.

Keywords: financial risks, globalization, risk management, VAR analysis, stress testing, artificial intelligence, blockchain, big data, cloud technologies, strategic planning.

Fig.: 4. Tabl.: 4. Bibl.: 17.

Zhytar Maksym O. – Doctor of Sciences (Economics), Professor, Professor, Department of Finance, Borys Grinchenko Kyiv Metropolitan University (18/2 Bulvarno-Kudriavska Str., Kyiv, 04053, Ukraine)
Email: [email protected]
Ananieva Yuliia V. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Public Finance, State Tax University (31 Universytetska Str., Irpin, Kyiv region, 08205, Ukraine)
Email: [email protected]

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