MANAGEMENT OF FINANCIAL AND ECONOMIC SECURITY OF BUSINESS ENTITIES IN DURING CRISIS CONDITIONS AND ITS STATE REGULATION

Abstract

Recently, the development of the economy and the lack of financial resources have set the task for businesses to determine the optimal financing strategy that provides maximum profit growth with minimal risks. In this regard, the problem of financial and economic security of business entities and the definition of its management mechanism is important. The stages of the management concept on financial and economic security of business entities consist of timely detection of internal and external threats and establishment of an effective management mechanism against them. At the same time, it is noted that the dominant countries of the world financial market, which have formed a monopoly model in the distribution of wealth, still see countries such as the Republic of Azerbaijan as their resource provider. This is a source of risk for the national economy in the short and long terms. Therefore, the mechanisms to ensure economic security should be carried out in parallel with the forecasting of socio-economic development of the state.