Analysis of Financial Risks in the Corporate Sector of the Region's Economy (Case Study of OOO "VologdaSkan")

The enterprises’ activities in Russian regions involve a large number of risks, the main of which are classified as financial. Companies face the need to manage these risks to maintain their competitiveness against the background of instability caused by both external (economic conditions of the territory, stability of the regional geopolitical situation, etc.) and internal (including the financial management system at the local level) factors. In recent years, constituent entities of the Russian Federation have a tendency to increase the number of enterprises that have gone through bankruptcy proceedings. In addition, according to experts, a new wave of distressed assets may arise in Russia in the coming years, which increases the risk of a significant number of companies leaving the market. In these circumstances, the study of financial risks becomes especially important for the corporate sector of the regional economy. The research is based on theoretical approaches to the concept of risk, as well as an empirical analysis of financial risk assessment methods and the adaptation of these methods to the operating conditions of specific enterprises at the regional level. As part of the work, we carried out a comprehensive analysis of financial risks that may affect the activities of OOO “VologdaSkan”, with an emphasis on assessing the sustainability of the enterprise through the use of not only qualitative, but also quantitative methods of analysis. The article reveals that the condition of the surveyed enterprise is changing from crisis to short-term financial stability. At the same time, we identified individual financial risks (liquidity risk, financial stability risk, and credit risk), ignoring which can disrupt the resulting stability. The results obtained can be used to improve management decisions in the field of corporate finance and increase the competitiveness of companies in a dynamically changing regional economic environment.