RISK MANAGEMENT IMPLEMENTATION PRACTICES IN RUSSIAN INDUSTRIAL COMPANIES: RESULTS OF AN EMPIRICAL STUDY

The article analyzes the practice of implementing risk management in Russian industrial companies. The study conducted a survey of 96 industrial companies in various industries in order to identify the features of implementing a risk management system in Russian industrial organizations. The main go...

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Autor principal:	M. O. Kuznetsova
Formato:	article
Lenguaje:	RU
Publicado:	Real Economics Publishing House 2020
Materias:	risk management maturity levels of risk management barriers to implementing the risk management corporate culture of risk management Risk in industry. Risk management HD61
Acceso en línea:	https://doaj.org/article/7cd58a979af64144bb4f7c453357ef27
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spelling	oai:doaj.org-article:7cd58a979af64144bb4f7c453357ef272021-11-19T10:42:00ZRISK MANAGEMENT IMPLEMENTATION PRACTICES IN RUSSIAN INDUSTRIAL COMPANIES: RESULTS OF AN EMPIRICAL STUDY2618-947X2618-998410.17747/2618-947X-2019-4-410-423https://doaj.org/article/7cd58a979af64144bb4f7c453357ef272020-03-01T00:00:00Zhttps://www.jsdrm.ru/jour/article/view/874https://doaj.org/toc/2618-947Xhttps://doaj.org/toc/2618-9984The article analyzes the practice of implementing risk management in Russian industrial companies. The study conducted a survey of 96 industrial companies in various industries in order to identify the features of implementing a risk management system in Russian industrial organizations. The main goals of implementing risk management systems in industrial companies, the features of organizational risk management structures, the amount of costs for maintaining risk management systems, risk assessment methods, the activities of industrial organizations that integrate risk management processes, and the level of automation of risk management systems were identified.The method of assessing the level of maturity of risk management is proposed: absent, managed, quantitatively managed, optimized and advanced levels.Using cluster analysis, groups of Russian industrial companies in various industries were identified by the level of process maturity of the risk management system. The most developed in the field of risk management systems are companies in the mining industry, mechanical engineering, as well as those engaged in the production of consumer goods. Companies with the least developed level of risk management include companies in the furniture, pulp and paper, cosmetics, and pharmaceutical industries, as well as those that produce building materials.On the basis of the survey identified the main barriers introducing a comprehensive system of risk management of industrial companies.The described research areas will help to increase the effectiveness of the risk management system, which will help to increase the strategic stability of the company.M. O. KuznetsovaReal Economics Publishing House articlerisk managementmaturity levels of risk managementbarriers to implementing the risk managementcorporate culture of risk managementRisk in industry. Risk managementHD61RU Strategičeskie Rešeniâ i Risk-Menedžment, Vol 10, Iss 4, Pp 410-423 (2020)
institution	DOAJ
collection	DOAJ
language	RU
topic	risk management maturity levels of risk management barriers to implementing the risk management corporate culture of risk management Risk in industry. Risk management HD61
spellingShingle	risk management maturity levels of risk management barriers to implementing the risk management corporate culture of risk management Risk in industry. Risk management HD61 M. O. Kuznetsova RISK MANAGEMENT IMPLEMENTATION PRACTICES IN RUSSIAN INDUSTRIAL COMPANIES: RESULTS OF AN EMPIRICAL STUDY
description	The article analyzes the practice of implementing risk management in Russian industrial companies. The study conducted a survey of 96 industrial companies in various industries in order to identify the features of implementing a risk management system in Russian industrial organizations. The main goals of implementing risk management systems in industrial companies, the features of organizational risk management structures, the amount of costs for maintaining risk management systems, risk assessment methods, the activities of industrial organizations that integrate risk management processes, and the level of automation of risk management systems were identified.The method of assessing the level of maturity of risk management is proposed: absent, managed, quantitatively managed, optimized and advanced levels.Using cluster analysis, groups of Russian industrial companies in various industries were identified by the level of process maturity of the risk management system. The most developed in the field of risk management systems are companies in the mining industry, mechanical engineering, as well as those engaged in the production of consumer goods. Companies with the least developed level of risk management include companies in the furniture, pulp and paper, cosmetics, and pharmaceutical industries, as well as those that produce building materials.On the basis of the survey identified the main barriers introducing a comprehensive system of risk management of industrial companies.The described research areas will help to increase the effectiveness of the risk management system, which will help to increase the strategic stability of the company.
format	article
author	M. O. Kuznetsova
author_facet	M. O. Kuznetsova
author_sort	M. O. Kuznetsova
title	RISK MANAGEMENT IMPLEMENTATION PRACTICES IN RUSSIAN INDUSTRIAL COMPANIES: RESULTS OF AN EMPIRICAL STUDY
title_short	RISK MANAGEMENT IMPLEMENTATION PRACTICES IN RUSSIAN INDUSTRIAL COMPANIES: RESULTS OF AN EMPIRICAL STUDY
title_full	RISK MANAGEMENT IMPLEMENTATION PRACTICES IN RUSSIAN INDUSTRIAL COMPANIES: RESULTS OF AN EMPIRICAL STUDY
title_fullStr	RISK MANAGEMENT IMPLEMENTATION PRACTICES IN RUSSIAN INDUSTRIAL COMPANIES: RESULTS OF AN EMPIRICAL STUDY
title_full_unstemmed	RISK MANAGEMENT IMPLEMENTATION PRACTICES IN RUSSIAN INDUSTRIAL COMPANIES: RESULTS OF AN EMPIRICAL STUDY
title_sort	risk management implementation practices in russian industrial companies: results of an empirical study
publisher	Real Economics Publishing House
publishDate	2020
url	https://doaj.org/article/7cd58a979af64144bb4f7c453357ef27
work_keys_str_mv	AT mokuznetsova riskmanagementimplementationpracticesinrussianindustrialcompaniesresultsofanempiricalstudy
_version_	1718420202253713408

RISK MANAGEMENT IMPLEMENTATION PRACTICES IN RUSSIAN INDUSTRIAL COMPANIES: RESULTS OF AN EMPIRICAL STUDY

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