Risks of entrepreneurial activity in a region: assessment and regulation

DOI

10.2991/cssdre-18.2018.129How to use a DOI?

Keywords

regional economy, entrepreunership, risk management, risk regulation, economic diversification

Abstract

The development of the entrepreneurship is accompanied by the new risks dealing with an economic activity. The most important is the suggestion of the regulation directions and also the conditions of its implementation. The entrepreneurial risk is determined by the influence of external (objective) and internal (subjective) factors. The risk control includes several stages and the first of them is the qualitative analysis of all the possible risk factors. In the article the entrepreneurial risks were analyzed which were isolated according to the indices of the economic activity conducted in the regions by entrepreneurs. Their problems and limitations are shown; the main ways of risks reduction and the directions of their regulation in the Volgograd region are suggested as well. In the paper it is shown that in the Volgograd region the commercial, economic and managerial risks (budget implementation, high government debt and its growth in prospect) are significant. The industrial risks are very high due to a high wear and tear of the fixed capital. In the region the enterprises belonging to the fuel and power complex are in a better situation. They are in the top ten of tax payers and investors. Large investment projects were started in the chemical industry. The highest risks have the enterprises of the wholesale and retail enterprises, construction firms. The significant risks are traditionally typical of agricultural enterprises but they benefit from the government support together with the enterprises of the chemical industry. Among the basic directions of the regulation of entrepreneurial risks isolated from the point of view of risk types a priority direction for the Volgograd region due to poor social and economic conditions for the entrepreneurship is the development the diversification the regional economy.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Marina Buyanova
AU  - Nataliya Mikhaylova
PY  - 2018/05
DA  - 2018/05
TI  - Risks of entrepreneurial activity in a region: assessment and regulation
BT  - Proceedings of the International Scientific Conference "Competitive, Sustainable and Secure Development of the Regional Economy: Response to Global Challenges" (CSSDRE 2018)
PB  - Atlantis Press
SP  - 635
EP  - 640
SN  - 2352-5428
UR  - https://doi.org/10.2991/cssdre-18.2018.129
DO  - 10.2991/cssdre-18.2018.129
ID  - Buyanova2018/05
ER  -