Preview

Vestnik NSUEM

Advanced search
Open Access Open Access  Restricted Access Subscription Access

Algorithmic risk management strategies for corporations in the context of “asset capitalism”

https://doi.org/10.34020/2073-6495-2025-4-197-204

Abstract

   This article examines the risk factors in the external and internal environments of corporations, identifies the features of a new stage in the development of industry markets associated with “asset management capitalism”, and reveals the specifics of algorithmic risk management strategies used by global investment market leaders, revealing the advantages and limitations of these risk management strategies for large companies.

About the Authors

S. S. Galazova
North Ossetian State University named after K.L. Khetagurov
Russian Federation

Svetlana S. Galazova, Doctor of Economics, Professor

Department of Economics

Vladikavkaz



M. A. Gukepsheva
North Ossetian State University named after K.L. Khetagurov
Russian Federation

Madina A. Gukepsheva, Postgraduate Student

Department of Economics

Vladikavkaz



References

1. Galazova S.S. Vnutrikorporativnaya sfera makroekonomiki [Intra-Corporate Sphere of Macroeconomics] : diss. … d-ra ekon. nauk, 08.00.01. Rostov on Don, 1999. 290 p.

2. Nye J. Bound to lead: The changing nature of American power. New York: Basic Books, 1990. 307 p.

3. Rozanova N.M. Karteli v cifrovoj ekonomike [Cartels in the Digital Economy], Problemy prognozirovaniya [Problems of Forecasting], 2025, no. 1 (208), pp. 202–210. [Electronic resource]. Available at: https://cyberleninka.ru/article/n/karteli-v-tsifrovoy-ekonomike/viewer (accessed: 08. 10. 2025).

4. Melnyk M.V. Marketing Strategies in Contemporary Big Four Consulting Firms. Mechanism of an Economic Regulation, 2018, no. 4. [Electronic resource]. doi: 10.21272/mer.2018.82.11 (accessed: 05. 10. 2025).

5. Faggella D. AI in the Accounting Big Four – Comparing Deloitte, PwC, KPMG, and EY. Emerj, 2020. [Electronic resource]. Available at: https://emerj.com/ai-in-the-accounting-big-four-comparing-deloitte-pwc-kpmg-and-ey/ (accessed: 05. 10. 2025).

6. Schuhmacher A., Haefner N., Honsberg K., Goldhahn J., Gassmann O. The dominant logic of Big Tech in healthcare and pharma. Drug Discovery Today, 2023, vol. 28, iss. 2. [Electronic resource]. doi: 10.1016/j.drudis.2022.103457 (accessed: 08. 10. 2025).

7. Sidorenko E.L. Srashchivanie interesov pravitel’stv i zapadnyh monopolij v sfere IKT: sovremennye geopoliticheskie modeli [The fusion of interests of governments and Western monopolies in the ICT sector: modern geopolitical models], Polis. Politicheskie issledovaniya [Polis. Political Studies], 2024, no. 6, pp. 22–39. [Electronic resource]. doi: 10.17976/jpps/2024.06.03 (accessed: 08. 10. 2025).

8. Gómez Oliver L., Granados Sánchez R. Las cuatro grandes empresas comercializadoras y los precios internacionales de los alimentos. Economía Informa, 2016, vol. 400. Electronic resource]. doi: 10.1016/j.ecin.2016.09.003 (accessed: 08. 10. 2025).

9. Gibadullina A. Who owns and controls global capital? Uneven geographies of asset manager capitalism. Environment and Planning A, 2024, vol. 56, iss. 2. [Electronic resource]. doi: 10.1177/0308518X231195890 (accessed: 08. 10. 2025)

10. Bilotta N. Chto stoit za cifrovym nalogom: vyzovy bor’by Evropejskogo soyuza za tekhnologicheskij suverenitet [What’s Behind the Digital Tax: Challenges in the European Union’s Fight for Technological Sovereignty], Vestnik mezhdunarodnyh organizacij: obrazovanie, nauka, novaya ekonomika [Bulletin of International Organizations: Education, Science, New Economy], 2020, vol. 15, no. 4, pp. 30–47.

11. Filimonova A.I. Investicionnye giganty SShA Vanguard Group i BlackRock na puti ustanovleniya global’noj oligopolii [US investment giants Vanguard Group and Black-Rock on the way to establishing a global oligopoly], Uchenyj sovet [Academic Council], 2022, no. 7, pp. 429–438.

12. Wigglesworth R., Agnew H. BlackRock surges past $10<sup>tn</sup> in assets under management. FT.Com. 2022. [Electronic resource]. Available at: https://www.ft.com/content/7603e676-779b-4c13-8f46-a964594e3c2f (accessed: 08. 10. 2025).

13. Tokic D. BlackRock Robo-Advisor 4.0: When artificial intelligence replaces human discretion. Strategic Change, 2018, vol. 27, no. 4. [Electronic resource]. doi: 10.1002/jsc.2201 (accessed: 08. 10. 2025).

14. Meena P. Artificial Intelligence: The Next Frontier for Assets Management. International Journal for Research in Applied Science and Engineering Technology, 2024, vol. 12, no. 3. [Electronic resource]. doi: 10.22214/ijraset.2024.58875 (accessed: 08. 10. 2025).

15. Ezrachi A., Stucke M. Sustainable and Unchallenged Algorithmic Tacit Collusion. Northwestern Journal of Technology and Intellectual Property, 2020, vol. 17, no. 2, pp. 217–260.

16. Alanis L. BlackRock y pensiones en Chile y México. Ola Financiera, 2022, vol. 15, no. 42. [Electronic resource]. doi: 10.22201/fe.18701442e.2022.42.82586 (accessed: 08. 10. 2025).


Review

For citations:


Galazova S.S., Gukepsheva M.A. Algorithmic risk management strategies for corporations in the context of “asset capitalism”. Vestnik NSUEM. 2025;(4):197-204. (In Russ.) https://doi.org/10.34020/2073-6495-2025-4-197-204



ISSN 2073-6495 (Print)