Integrated financial risk: essence and correlation with financial stability of economic entities

The article analyzes the impact of the integrated financial risk on the financial stability of economic entities in order to improve the competitiveness of a company. The author introduces and explains a concept of financial sustainability zone of an enterprise, and proposes a theoretic model of the complex risk's functional dependence from such components as the legal and economic risks, each of which represents a function in its component hierarchy. The author also considers the possibility of modeling the financial sustainability by the example of complex risk formation of a small-size enterprise with mixed legal status.