The Corporate Risk-Management Strategy on Emerging Markets: Diving Through the Crisis

Abstract

The history of financial crises is considered and the attempt is made to analyse the parallels in emerging markets crises in the working paper. The historical conditions of crises on the markets are contemplated on the base of the literature review and the examples from the analysed markets are presented with the use of the network analysis. The conclusion made is that the financial contagion indicator can be used for the market risk assessment for practical and theoretical purposes. The corporate risk-management strategy building algorithm is proposed with the use of the financial contagion indicators and the market risk factors revealed.