Financial Engineering of Structural Products as a Tool for Credit and Tax Risk Management in Order to Ensure the Sustainability of Groups of Industrial Enterprises (Clusters)

DOI

10.2991/aebmr.k.200312.035How to use a DOI?

Abstract

Differences in the level and quality of Bank lending services should be due to the differentiation of companies by competitive and credit strategies, as well as industry conditions. The presence of imbalances in the territorial concentration of credit institutions has an impact on investment conditions, the cost of credit resources and the amount of credit and tax risks. To neutralize these factors, organizations of the non-financial sector are increasingly turning to financial engineering. The purpose of this article is to consider the changes in investment demand and the dynamics of the structure of the loan portfolio based on the combination of financial instruments for the implementation of the investment strategy of the business. To achieve this goal, the cluster approach is used to improve the financial stability of companies and credit institutions. Structural shifts in the global economy are transforming credit and investment resources and changing the nature of factors that influence investment decisions of market actors. In addition, structural shifts have exacerbated the problems of the monetary transmission, namely the growing reluctance of the banking sector to provide loans to companies in the non-financial sector, although the liquidity risk for banks has been overcome. The main method of risk research is based on the dynamic stochastic equilibrium (DSGE) model used for financial engineering to balance the negative correlation between credit and tax risk and profitability and competitiveness of cluster companies. The approach will strengthen the financial stability of enterprises belonging to the cluster and the cluster itself and carry out meso-economic forecasting.

Copyright

© 2020, 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/).

Download article (PDF)

TY  - CONF
AU  - N V Gryzunova
AU  - I A Kiseleva
AU  - N A Sadovnikova
PY  - 2020
DA  - 2020/03/17
TI  - Financial Engineering of Structural Products as a Tool for Credit and Tax Risk Management in Order to Ensure the Sustainability of Groups of Industrial Enterprises (Clusters)
BT  - Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2020)
PB  - Atlantis Press
SP  - 242
EP  - 249
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200312.035
DO  - 10.2991/aebmr.k.200312.035
ID  - Gryzunova2020
ER  -