ARTICLE
TITLE

Assessment ?f entre?reneur?al r?sks ?n agr??ulture

SUMMARY

The object of research is entrepreneurial risks in the agricultural sector of Ukraine and the degree of their influence on the results of agricultural activity. One of the biggest problems of business is the presence of risks, but it is difficult to measure them. Currently, the standard (protocol) of risk assessment, which describes its tasks, methodology, procedures, statistical aspects and organization of research, is not recognized by the scientific community and expert practitioners. So, the improvement of methodological approaches to assessing entrepreneurial risks remains important.During the study, the following methods were used: abstract-logical, comparative analysis, statistical, monographic, expert assessments, graphical, tabular and dialectical. For risk analysis, a system of indicators is proposed, which are formed taking into account the methods of decomposition, analysis and synthesis. When selecting types of risks, a content analysis of literature sources of authorship of experts in the field of agricultural risks is applied to the indicator system.The result is development of the concept of the author's methodology for the qualitative assessment of the impact of risks in agriculture performance. The methodology has a number of features, in particular, it takes into account the impact of the largest industry risks – natural, macroeconomic, internal economic, political and criminal.The proposed assessment methodology includes the stages:5. Expert assessment of 20 factors that may most significantly affect the results of agricultural activity. Experts in points on a scale of 1 to 5 assess the degree of influence of the factor.6. Check the consistency of expert opinions.7. Calculation of the average scoring risk with the subsequent gradation of the degree of risk by groups: low or moderate, acceptable and critically dangerous level of risk.8. Formation of conclusions on risk management activities.Compared with similar methods of risk analysis, the proposed method has the following advantages:an integrated approach, the possibility of detailing individual risks;simplicity of mathematical calculations;saving time and resources based on the analysis of a small number of factors that have the greatest impact on agricultural activities;minimization of the subjectivity of expert assessments;possibility of using the results in assessing the insured risk or assessing the investment attractiveness of projects.Through the use of this methodology, it is possible to obtain an unambiguous and scientifically based answer to the question «How high is the risk of incurring losses in this activity?».

 Articles related

Aurelia Sheryl Margono, Nindy Sasabela Perwitasari, Matthew Alexander Nathaniel, Navratilova Ivita Silalahi, Istijanto Istijanto    

COVID-19 pandemic has given a significant impact to both businesses and consumer behaviours. Not only businesses that have to adapt, consumers from all around the world have changed their behaviour in shopping and fulfilling their needs through online. T... see more


Abdul Khaliq    

This paper investigates the conditional predictability of geopolitical risks (GPR) on the rupiah-dollar exchange rate volatility, using 447 monthly observations spanning January 1985 to March 2022. The paper utilizes asymmetric GARCH (1,1) combined with ... see more


Andreas Pramudya, Andreas Wibowo    

The Government of Indonesia implemented the Build, Operate, and Transfer (BOT) model, relying on private investment to bridge the financing gap in developing public infrastructure facilities, including toll roads. Toll road investments, like other greenf... see more


Gabrielle Ribeiro Rodrigues da Silva    

In the last decade, many studies have been developed about the expatriates’ choices and challenges. A big part of these studies has been focused on the positive side of the work or live abroad, focusing on successful cases with well-paid, well-protected ... see more


SERKAN ALTUNTAS, Nazlli Gulum Mutlu    

There is a strong relationship between monitoring and controlling risks from several perspectives and developing effective measures to ensure continuous improvement by creating value in occupational health and safety. Business systems that transform into... see more