Modeling Of Integrated Risk Of Telecommunications Company With CorporateMetrics

Master's thesis is devoted to the topical issues related to the estimation of integrated risk in telecommunications companies with CorporateMetrics. The relevance of the research confirms the need for the use of similar concepts VaR measures CFaR, EaR and EPSaR for non-financial companies to reflect the particular corporate risk when disclosing information on the cost of the company's assets. The purpose of research is a development of the organizational and economic integrated risk assessment mechanism of telecommunications company, which is based on accepted international standards CorporateMetrics, to optimize the use of resources, increase company’s value. The object of research is the system of integrated risk management of telecommunications company in conditions of uncertainty. The subject refers to the processes of the quantitative evaluation of integrated risk arising when making risky decisions. The scientific novelty of the research is to clarify the integrated risk assessment as a factor in increasing the efficiency of the telecommunications company. Designed risk diagnosis and evaluation algorithm using CorporateMetrics can be implemented in similar companies or in companies of other sectors of the economy. The first chapter is devoted to the study of risk-oriented management of MegaFon, OJSC, also the financial analysis is carried out of this company and the company's risk classification is considered. In the second chapter a comparative analysis of methods for assessing value at risk is introduced of telecommunications company, the methodology CorporateMetrics is considered, on the basis of which the calculations are carried out. The third chapter is modeled integrated risk of telecommunications company, that is implied the calculation of the risk of cash flow measure of the company in with the help of simulation in the Oracle Crystal Ball software. Finally, the research provides guidelines for elimination of individual risks of MegaFon, OJSC.