Risk management of innovative Russian companies in the context of interregional integration

Abstract

Abstract The paper discusses the formation of national competitiveness, including its determinants. The role of an integrated business risk insurance system for a competitive national economy, as well as public-private partnerships for the harmonious development of venture financing, is substantiated. A hedging financial instrument is seen as a means of mitigating the risks of venture capitalists and project developers. An analysis of the degree of risk is proposed as a necessary step prior to the decision to hedge. The stage of fixing the market follows the adoption of such a decision. Correlation-regression analysis allows establishing how indicators of price dynamics for the spot instrument and the corresponding futures are interrelated. The probabilistic nature of the variant development of investment and innovation projects in the course of economic activity of market entities should be taken into account when assessing the risk caused by material, labor, financial and other losses. Financial guarantees are subject to compulsory insurance in case of risks associated with transactions with financial assets.