Understanding Financial Risk
Financial risk encompasses the possibility of losing money on investments or business operations. It can arise from various sources, including market fluctuations, credit risks, and liquidity issues. Effective financial risk management is crucial for maintaining the stability and profitability of an organization.
Common Financial Risks
- Market Risk: The risk of losses due to changes in market prices.
- Credit Risk: The potential for loss due to a borrower's failure to repay a loan.
- Liquidity Risk: The risk of being unable to meet short-term financial obligations.
Implementing robust financial strategies can mitigate these risks.