SHS Web of Conf.
Volume 92, 2021The 20th International Scientific Conference Globalization and its Socio-Economic Consequences 2020
|Number of page(s)||6|
|Section||Financial Management and Financial Markets|
|Published online||13 January 2021|
Modern aspects of managing the financial risks of an oil company in the context of globalization and global change
1 Kazan (Volga Region) Federal University, Institute of Management, Economy and Finance, Department of Сorporative Finance, Butlerova 4, 420012, Kazan, Russia
2 Kazan State University of Architecture and Engineering, Institute of Economics and Management in construction, Department of Municipal Management, Zelenaya 1, 420043, Kazan, Russia
* Corresponding author: email@example.com
Research background: Globalization is a process of uniting the world into a single system of global properties. The globalization of the world economy finds expression in the process of the global space being altered where it transforms into a single zone open to the free and unrestricted movement of goods, services, information and capital. The spread of the COVID-19 pandemic has disrupted the unification of economic life rules and the transformation of the system of interstate regulation of global economic cooperation. There has been a disruption in technological, logistics and business chains resultant from the world’s leading national economies closing and many economic entities which operated in the “real economy” shutting down. These “pandemic-caused” factors have put substantial restrictions on the income of companies and their staff while also fueling unemployment.
Purpose of the article: to research the company’s financial risks in the context of global changes caused by the pandemic.
Methods: The study employs methods of analysis and synthesis, statistical data analysis as well as regression analysis.
Findings & Value added: The main goal of the research is to study the main types of financial risks of an oil company, analyze the econometric model, and identify the main factors that affect the company’s solvency in the context of global changes.
Key words: globalization / financial risks / company’s solvency / global changes
© The Authors, published by EDP Sciences, 2021
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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