Object: processes of hedging business risks of Ukrainian exporting companies with the aim of improving their financial condition. Purpose: improvement of theoretical and methodological bases and scientific and practical recommendations for the formation and implementation of tools for hedging business risks of Ukrainian exporting companies. Research methods: dialectical method of cognition, scientific abstraction, induction and deduction, system approach, method of comparison and synthesis, historical and logical, classification and analytical, statistical methods, economic-mathematical modeling, extrapolation, synergetic, graphic. Developed propositions: for the first time, a methodical approach to comprehensive assessment of business risks was developed which takes into account the use of innovative indicators through econometric analysis, which will allow to identify their rational set for qualitative assessment of further levels of the hierarchy and take into account tax, market, foreign economic, current market condition, marketing, technical-technological, informational, information-analytical, social infrastructure, intellectual, personnel risks; a methodical approach to assessing business risks developed on the basis of expert determination of the share of impact of each individual type of risk of exporting companies was enhanced, allowing to identify a significant set of indicators to find reserves to minimize business risks; a methodical approach to assessing the level of business risk was improved, taking into account the matrix of risk minimization based on the principles of their hedging in exporting companies, allowing for current trends in export relations and enabling to predict and choose the best option for additional income for the exporting company; economic functions of entrepreneurial risks were improved taking into account production, innovation, protective, analytical, regulatory and social functions, the use of which has a positive effect on the investment and innovation climate; classification of business risks was enhanced taking into account production, commercial, financial, investment, market components allowing to limit business risks, minimize their impact on the efficiency of exporting enterprises; the process of finding the required level of hedging of business risks of enterprises was improved, which is presented in a four-level hierarchy using mathematical methods of processing financial statements and a scale of qualitative assessments of expertise, enabling reasonable selection of ways and methods of business risk management; conceptual and categorical apparatus of the essence of the concept of "entrepreneurial risks of exporting enterprises" was further developed, as well as definition the essence of the concept of "hedging business risks". The research scope: Ukrainian exporting companies.
