Tools for corporate risk management in the conditions of digital transformation and uncertainty

Corporate risk management is a complex task in the face of uncertainty and turbulence in the external environment. The aim of the study is to systematize the concept of corporate risk and analyze models for managing it in the digital economy. In the study, corporate risks are considered as a set of entrepreneurial and relational risks of a corporation, which necessitates comprehensive risk management. The article presents an analysis of risk management models, their advantages and disadvantages, which showed the need to introduce new tools into corporate risk management models in order to ensure the adequacy of risk management systems to new challenges. These tools include: reframing, the implementation of real options, the use of smart contracts based on blockchain technology, the implementation of benchmarking and a shared value approach. These instruments primarily reduce the corporation’s relational risks, but can also help reduce business risks. In addition, these tools cover various areas of the corporation’s activities from contract management to assessing the effectiveness of risk management for different groups of stakeholders. The introduction of modern tools in the corporate risk management model will help improve the adaptability and efficiency of corporate risk management.