Financial Risk Management in International Corporations: Application Possibilities in the Republic of Moldova

Abstract

The article is devoted to the study of financial risk management in international corporations and the assessment of the possibilities of applying modern risk management practices in the activities of companies in the Republic of Moldova. In conditions of increasing uncertainty, enterprises face various financial risks that can negatively affect their financial stability, operational efficiency and investment attractiveness. Companies strive to minimize potential financial losses and ensure sustainable development by implementing effective risk management systems and modern financial instruments. The research is based on an analysis of the theoretical nature of financial risks and modern methods of managing them used in international practice. Special attention is paid to integrated risk management systems such as corporate risk management (ERM), as well as international standards and recommendations, including COSO ERM, ISO 31000, FERMA recommendations and the Basel Accords. This paper aims to identify the most significant financial risks faced by international corporations and to examine the opportunities and limitations associated with implementing modern financial risk management methods in companies operating in the Republic of Moldova. The research uses methods such as analysis of scientific literature, classification of financial risks, comparative analysis of international standards and risk management models, as well as PEST analysis to assess the opportunities and limitations of risk management tools in Moldovan companies. CZU: 005.334:334.726(478); JEL: G32