Abstract
The article focuses on an overview of studies on financial risk management in enterprises (FRM), with a focus on comparisons between developed countries (such as the US, Japan, EU) and developing economies (such as Vietnam, Indonesia, South Africa). Based on fundamental theories such as risk-return theory, agency theory, portfolio theory and efficient market theory, the article analyzes the practical application of FRM in each region. Developed countries often deploy FRM with advanced quantitative tools, closely linked to effective governance and financial transparency. Meanwhile, in developing countries, FRM is still lacking in systematization, not integrated into corporate strategy and still depends on experience or institutional conditions. From there, the article identifies current research gaps and proposes new approaches such as developing an integrated FRM model, enhancing quantitative research, and connecting with digital transformation, ESG, and business performance.
Keywords: risk, systematic risk, unsystematic risk, financial risk, financial risk management.
JEL classification: G, G3, G22, G30, G34, M41.
DOI: 10.63767/TCKT.34.2025.80.92
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Ban biên tập Tạp chí Kinh tế & Quản trị Kinh doanh
Phòng 514, Nhà điều hành, trường Đại học Kinh tế & Quản trị Kinh doanh
Địa chỉ: Phường Tân Thịnh, thành phố Thái Nguyên
Email: tapchikt-qtkd@tueba.edu.vn; Điện thoại: 0208.3903373
