A CONCEPTUAL PAPER ON FINANCIAL RISK MANAGEMENT BASED ON LITERATURE REVIEW
*Anurag Vashisht, & **Meenakshi Kaushik
*BBA Student, Trinity Institute of Innovations in Professional Studies, Greater Noida, GGSIPU, India.
**Professor & Dean (Research), Trinity Institute of Innovations in Professional Studies, Greater Noida, GGSIPU, India.
Money is a very volatile term. It can either propel the industry to greater heights or it can diminish the existence of the industry. Firms throughout the world take billions dollar decision every second and these so-called decisions will help the firm to be at its peak of dominating the market they are operating in or can go sideways for the firm if not measured correctly. Also, the biggest of the factors that basically altered the course of action of making a risk managed decision from the last three years is Covid19. There are many different risks involved while making these decisions like interest-rate risk, exchange rate risk, market risk etc. The financial derivative contracts such as forwards, swaps, and options, provide managers with a whole series of instruments to manage these risks. However, the question how companies are managing and measuring financial risk is remaining partially answered as it has invited a lot of debate. The researcher has tried to review and summarize the meaning, uses, types, impact of financial risk management for the firms in INDIA. The data collection has been done from the secondary sources.
financial risk management, pandemic Covid-19, financial derivatives, money.