Open AccessFinancial risks of sustainable development of small agricultural enterprises assessed to ensure national food security
Author(s) -
А. Г. Глущенко,
М.И. Сложенкина,
Э.Н. Самедова,
D.A. Mosolova
Publication year - 2020
Publication title -
iop conference series. earth and environmental science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.179
H-Index - 26
eISSN - 1755-1307
pISSN - 1755-1315
DOI - 10.1088/1755-1315/548/8/082061
Subject(s) - business , agribusiness , agriculture , solvency , bankruptcy , food security , finance , risk management , sustainable development , market liquidity , ecology , political science , law , biology
Assessing, monitoring, and managing the financial risks of small agribusiness enterprises under conditions of economic crisis and sanctions is a complex problem. Despite a state support for agriculture, sustainable development of small and medium-sized entrepreneurship in these periods is complicated by agro-economic risks in addition to growing risks of owner’s equity to mitigate the threats to solvency and financial stability, resulting in bankruptcy of small enterprises (SME). The state support mitigates these risks, but the risks do not decrease. Therefore, an important condition for stable and efficient functioning of small agricultural enterprises that considerably contribute to food security and self-sufficiency in Russia is monitoring risks of their financial security, which necessitates methodological approaches to their assessment at the micro level. Despite practical interest of agricultural producers in assessment tools and financial risk management strategies that have a key impact on their overall performance, there is a lack of scientific publications that represent new methods and algorithms for assessing financial risks in agriculture, suitable for practical use by small enterprises. The presented in the article procedure for integrated assessing the total financial risk of sustainable development of small agribusiness enterprises is based on identification and analysis of the risk components and is distinguished by a multifunctional nature and acceptable requirements.