This article analyses and identifies the risks that arise during an innovative company's activities and financial management. The authors analyse modern methods for identifying and classifying risks in innovative companies, concluding that a new classification of risks is needed, including those relating to capital structure management and production (technological) risks. The first category of risks encompasses macroeconomic and intra-company risks. Macroeconomic risks include inflation, currency risk, the risk of a decrease in GDP and overheating of the economy, and political risk. Intra-company risks include the risk of reduced profitability, liquidity risk, the risk of direct financial losses and operational risk. Production (technological) risks also affect the management of financial resources because they determine the technological efficiency of an innovative company in terms of releasing high-quality, competitive products. The authors conclude that identifying and accounting for risks when forming the capital structure is crucial for innovative companies, as it involves assessing the potential risks of attracting certain types of financial resources and determining the need to adjust the capital structure.
This article analyses and identifies the risks that arise during an innovative company's activities and financial management. The authors analyse modern methods for identifying and classifying risks in innovative companies, concluding that a new classification of risks is needed, including those relating to capital structure management and production (technological) risks. The first category of risks encompasses macroeconomic and intra-company risks. Macroeconomic risks include inflation, currency risk, the risk of a decrease in GDP and overheating of the economy, and political risk. Intra-company risks include the risk of reduced profitability, liquidity risk, the risk of direct financial losses and operational risk. Production (technological) risks also affect the management of financial resources because they determine the technological efficiency of an innovative company in terms of releasing high-quality, competitive products. The authors conclude that identifying and accounting for risks when forming the capital structure is crucial for innovative companies, as it involves assessing the potential risks of attracting certain types of financial resources and determining the need to adjust the capital structure.
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