Conceptual Approaches to Managing Economic Risks of Corporate Integration of Joint-Stock Companies

This article proposes a concept of economic risk management in the context of corporate integration of joint-stock companies. It emphasizes the strategic nature of such integration, where joint-stock companies unite under a single management, forming interconnected structures aimed at achieving a synergistic effect. It is substantiated that effective management of economic risks helps to minimize financial losses and other problems associated with different corporate cultures and systems during integration processes. It is proven that the term “risk” is a multifaceted economic and managerial construct, and its definition is usually reduced to the concept of the potential occurrence of an event through various negative factors, and economic risk is the measure of probability and potential impact of uncertain events that can negatively affect the economic activity or financial status of an entity. Consequently, the main types of economic risks accompanying the integration process, including financial, operational, strategic, and reputational risks, are investigated.