Risk Management in Financial Administration: Strategies and Tools
DOI:
https://doi.org/10.5281/zenodo.12747014Abstract
This systematic review article analyzes the strategies and tools used in financial risk management in financial administration. The objective is to identify the most effective strategies, evaluate the impact of the tools technological and examine success stories in the implementation of these strategies. We included 15 studies published in English and Spanish since 2019 that focus on different aspects of financial risk management. The results indicate that The most common strategies include hedging, diversification and scenario analysis. Technology tools such as predictive analytics models, risk management software and data analytics platforms play a crucial role in risk management. Financial managers must consider the needs of their organizations, take a proactive approach to risk management, use technological tools, and communicate effectively with parties.stakeholders to achieve efficient financial risk management
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