Abstract
Abstract. The main methodological problems of the organization and implementation of the process of financial security management within the functioning of economic systems of different levels are identified. To meet the methodological needs of financial security management under financial security itself, it is proposed to understand the state of protection of financial interests in various sectors and functional areas of financial activities of the economic system and its main participants from external and internal threats, which ensures the effectiveness of economic relations, related to the implementation of financial guidelines for the development of economic, socio-economic, economic systems. It is established that the classical approach to the structure of the financial security subsystem in the system of economic security at any level of management positions it as a set of factors, the state of which determines the financial capacity of the entity or system to counteract economic risks and threats and their negative financial impact on the system respectively. The elements of financial security at the micro and macro levels are systematized according to such parameters as the financial security system, security entities, information principles, personnel component, management mechanism, resources, tools, instruments. A 16-component model of financial security management is proposed, which provides for the possibility of building a management system on four fundamental parameters: organizational culture, progressive and sustainable development, continuous optimization of the management process and ensuring its systemic nature. The proposed formulas for calculating the level of financial security of the state and the level of financial security of the entity based on the author’s approach to segmenting their system for diagnostic purposes allow to obtain a rapid assessment of the financial security of the economic system, of course. Conceptual bases of the system approach to management of financial security of economic system taking into account object of management, subjects of management, the management mechanism, system of maintenance of process of management, principles of management and an estimation of level of safety are presented. Keywords: financial security, financial security management, risk, threat, economic security, economic system. JEL Classification G21, F29, L41. Formulas: 3; fig.: 3; tabl.: 3; bibl.: 10.
Highlights
Financial security management is becoming an urgent management task at various levels of economic systems
At the macro level, the state of financial security and a high level of protection of the financial system and its participants from various dangers and threats of financial origin guarantee the state of financial independence, which allows to talk about financial security management as an important task of public administration
The biggest methodological problems of financial security management of economic systems of different levels at the moment are the lack of conceptual foundations of financial security management, the complexity and low level of information transparency of methods for assessing the financial security of economic systems, including the inability to obtain information needed for calculations, from publicly available sources, an excessive number of indicators, the values of which need to be calculated and the presence among them of those that have lost their relevance at the current time
Summary
Financial security management is becoming an urgent management task at various levels of economic systems. At the beginning of 2021, the methodology of managing the financial component of economic security at different levels of economic systems had significant shortcomings, most of which are associated with resource provision of this process — information, personnel, financial, as well as the emergence of atypical threats to the national economy, economic entities and financial system and the dependence of economic policy vectors on the interests of international financial organizations and funds, and at the level of individual enterprises — on the interests and desires of the dominant categories of stakeholders. To meet the methodological needs of financial security management, the financial security system is proposed to be understand as the state of protection of financial interests in various sectors and functional areas of financial activities of the economic system and its main participants from external and internal threats, related to the implementation of financial guidelines for the development of economic, socio-economic, business system. The following approach to financial security management is proposed, which can be applied both at the level of individual business entities of different types of economic activity and at the level of state management of financial security of the national economy (Fig. 1)
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