Financial risk as a type of business risk

To fully disclose the category of “financial risk”, the main points of view were analysed to determine the general theoretical category of “risk” and “entrepreneurial risk”. The following main features of financial risk were identified: a high degree of probability of financial risk; occurrence of adverse financial consequences for the business entity; property nature of adverse consequences of financial risk; individual certainty; occurrence of adverse financial consequences due to the influence of certain factors. Based on the selected features, the authors proposed to define financial risk as a type of business risk. It consists in the possibility of adverse financial consequences in the form of loss of income or loss of capital due to the influence of negative external and/or internal factors on professional financial activities. It is established that financial risk is a complex legal category and has the following structure: subject, object and causal relationship between the source (factors, phenomena, influence) and the consequences of financial risk.