ISSN 2413-2322 (Online)

ISSN 2221-1055 (Print)

UDS: 338.4:339 DOI:
Наукова дискусія

Paradigm of the functional approach to manifestations of risk in performance of enterprises under market conditions / Pavlenchyk N.F., Horbonos F.V., Pavlenchyk A.O., Skrynkovskyy R.M. // Ekonomika APK. - 2020. - № 6 - P. 98

The purpose of the article is to study the nature and peculiarities of risks appearance in some segments of the agricultural product market and to justify their functions, which can be manifested in the process of agricultural enterprises activity in the market environment. Research methods. Based on the empirical method, through questionnaires and surveys, the principal threats and possible risks level at the agricultural market by its segments are determined. Based on the functional approach method, using the elements of a graphical and spatial description, a set of risk functions has been established that is belong to all enterprise activity stages under market conditions and they have been investigated by segments. Research results. The nature of the origin of the risks of the activities of agricultural enterprises in the market is justified. The necessity of using an analytical integrated approach to assessing potential risks and establishing the cause of their occurrence and the scope of origin is determined. State measures are outlined in the direction of improving risk management, reducing their initial level, and minimizing it in order to create favorable conditions for the agricultural enterprise activities under the market environment. Scientific novelty. The author presents a methodological approach to understanding the essence of “risk”, according to which it is interpreted as the action of the subject on the basis of informed decision-making in a situation of uncertainty. A risk algorithm is formed in the market mechanism, in the context of possible threats. The key in the algorithm determines the desire of the market entity to satisfy their own interest, which in turn serves as the driving force of the socio-economic development of society. Practical significance. Risks in any enterprise economic activity as a result of the action of objective natural and economic laws of the market mechanism and competition are inevitable. Hence, there is a possibility that it is justified a qualitative assessment of threats and possible risk consequences, as well as their effective management can determine the successful business entity's activities. It is especially important to establish the causes of their occurrence and the scope of origin. Constructive and thorough behavior of the subject in risk management can stimulate the adoption of a justified decision, despite the fact that the interest, intentions and focus in time provoke the subject's activity and, to some extent, adventurism of the action, which can lead to destabilization of the situation. This is the essence of the risk basis. Tabl.: 4. Figs.: 7. Refs.: 15.
Key words: risk; enterprise; market; risk functions; risk management


  1. Andriichuk, V.H. (2005). Efektyvnist diialnosti ahrarnykh pidpryiemstv: teoriia, metodyka, analiz [The efficiency of agricultural enterprises: theory, methodology, analysis]. Kyiv: KNEU [In Ukrainian].
  2. Bernstajn, P. (2000). Protiv bogov: Ukroshhenie riska [Against the Gods: The Remarkable Story of Risk]. (A. Marantidi, Trans). Moskva: OlimpBiznes [In Russian].
  3. Ivanytska, S.D. (2003). Vykorystannia biudzhetnykh koshtiv na pidtrymku silskohospodarskoho vyrobnytstva [Using budget funds to support agricultural production]. Ekonomika APK, 6, pp. 89– 93 [In Ukrainian].
  4. Kontseptsiia derzhavnoi prohramy stvorennia spryiatlyvykh umov dlia stabilizatsii ta rozvytku tvarynnytstva na 2005-2010 roky [Concept of the state program concerning creation of favorable conditions to stabilize and develop animal breeding in 2005-2010]. (2004). Ofitsiinyi visnyk Ukrainy, 32, pp. 110–113 [In Ukrainian].
  5. Krui, M., Galaj, D., Mark, R. (2011). Osnovy risk menedzhmenta [The Essentials of Risk Management]. (V.B. Minasjan, Trans). Moskva: Jurtaj [In Russian].
  6. Lupenko, Yu.O., Sholoiko, A.S. (2019). Perspektyvni sposoby finansuvannia katastrofichnykh silskohospodarskykh ryzykiv [Prospective ways for financing catastrophic agricultural risks]. Ekonomika APK, 10, pp. 44-50 [In Ukrainian].
  7. Mykhailenko, O.M. (2005). Rehionalni osoblyvosti dynamiky rozdribnoho tovaroobihu Ukrainy v period rynkovykh peretvoren [Regional peculiarities of the dynamics of retailing in Ukraine in the period of market transformations]. Visnyk Lvivskoi komertsiinoi akademii. Ser.: Ekonomika. Lviv : Vyd-vo LKA, vol. 19, pp. 287–295 c
  8. Moroz, O.V., Lohosha, R.V., Pidvalna, O.H. (2019). Normatyvno-pravova rehlamentatsiia protsesu formuvannia rynkovykh mekhanizmiv v ahrarnii ekonomitsi [Normative-legal regulation of the process of formation of market mechanisms in agrarian economy]. Ekonomika APK, 5, pp. 27-39 [In Ukrainian].
  9. Sabluk, P.T., Mesel-Veseliak, V.Ya. (2011). Tsinovyi faktor u rozvytku silskohospodarskoho vyrobnytstva [Price factor in the development of agricultural production]. Ekonomika APK, 9, pp. 3-9 [In Ukrainian].
  10. Shimov, V.N., Tur, A.N., Stah, N.V., Kamenkov, V.S., Mal'chenko, S.N. (1999). Slovar' sovremennyh jekonomicheskih i pravovyh terminov [Dictionary of modern economic and juridical terms]. Minsk : Tehnologija [In Russian].
  11. Stahanov, V.N. (1989). Jekonomika infrastruktury obshhestvennogo proizvodstva [Economics of the infrastructure of public production]. Rostov na Donu: RISHM [In Russian].
  12. Lupenko, Yu.O., Mesel-Veseliak, V.Ya., et al. (2012). Stratehichni napriamy rozvytku silskoho hospodarstva Ukrainy na period do 2020 roku [Strategic directions of agricultural development of Ukraine for the period up to 2020]. Kyiv: NNTs IAE [In Ukrainian].
  13. Cherven I.I., Kriuchkov S.V. 2018. Formuvannia innovatsiinoho rozvytku ekonomiky [Formation of innovative economic development]. Molodyi vchenyi, 1 (53), pp. 1006-1009 [In Ukrainian].
  14. Shpykuliak, O.H., Malik, M.Y. (2019). Instytutsionalnyi analiz rozvytku pidpryiemnytstva v ahrarnomu sektori ekonomiky: metodychnyi aspekt [Institutional analysis of entrepreneurship development in the agrarian sector of economy: methodical aspect]. Ekonomika APK, 6, pp. 73–82 [In Ukrainian].
  15. Rumjancev, A.M. (1979). Jekonomicheskaja Jenciklopedija. Politicheskaja jekonomija [Economic Encyclopedia. Political economy]. Moskva: Sov. Jenciklopedija [In Russian].
Read article: ekonomikaapk_2020_6_p_98_113.pdf