Buyanova M.E., Mikhaylova N.A. DESCRIPTIVE ANALYSIS OF ENTREPRENEURIAL RISKS AND THE WAYS OF THEIR REGULATION

DOI: https://doi.org/10.15688/jvolsu3.2018.3.3

Marina E. Buyanova

Doctor of Sciences (Economics), Professor, Head of Department of Economic Theory, Politics and Regional Economics, Volgograd State University, Prosp. Universitetsky, 100, 400062 Volgograd, Russian Federation, This email address is being protected from spambots. You need JavaScript enabled to view it. .

Nataliya A. Mikhaylova

Candidate of Sciences (Economics), Associate Professor, Department of Management and Entrepreneurship, Moscow State University of Humanities and Economics, Losinoostrovskaya St., 49, 107150 Moscow, Russian Federation, This email address is being protected from spambots. You need JavaScript enabled to view it. .


 

Abstract. The development of entrepreneurship is accompanied by emergence of new risks in different spheres of economic activity. The important task thus consists in finding ways and optimal conditions of entrepreneurial risks regulation. The entrepreneurial risk is determined by the influence of external (objective) and internal (subjective) factors. Regulation of risks includes several stages, the qualitative analysis of all possible risk factors being the first of them. The authors analyze entrepreneurial risks grouped by the indices of economic activity carried out by entrepreneurs in the regions, as well as their problems and limitations. The main ways of risks reduction and the directions of their regulation in the Volgograd region are suggested. It is noted that the Volgograd region suffers from commercial, economic, managerial risks (budget implementation, high State debt and its prospective growth) and industrial risks due to a high wear and tear of the fixed capital. The enterprises of fuel and power complex are in better conditions: they are in the list of top ten tax payers and investors. Large investment projects have also been launched in the chemical industry. The wholesale and retail enterprises, as well as construction companies carry the highest risk exposure. The significant risks are traditionally typical of agricultural enterprises but they benefit from State support together with the enterprises of chemical industry. The diversification of regional economy is a priority direction of entrepreneurial risks regulation against the background of poor social and economic conditions for entrepreneurship development.

Key words: regional economy, entrepreneurship, risk management, risk regulation, economic diversifi Creative Commons License
DESCRIPTIVE ANALYSIS OF ENTREPRENEURIAL RISKS AND THE WAYS OF THEIR REGULATION by Buyanova M.E., Mikhaylova N.A. is licensed under a Creative Commons Attribution 4.0 International License.cation.

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