Abstract
It was determined that the existing scientific and methodological approaches to the assessment of the state of financial security of defence industry enterprises due to the specific peculiarities of this industry and the rapid changes in their external environment, currently taking place, need both the advancement in the direction of improving the level of timeliness of such assessment and expansion of the indicators list for its implementation. In the light of modern conditions, characterized by globalization and increased competition in the domestic and foreign arms markets, the defence enterprises can be competitive if they can adapt their activity effectively to the changes in the external environment, take timely preventive measures against the impact of negative environmental factors and make timely use of the opportunities, provided by the environment for strengthening of their financial security. In the research, the authors have improved scientific and methodological approaches to the complex assessment of financial security of defence enterprises – conduction of the analysis upon 3 blocks: definition of the indicators system (including the one upon the criterion of the enterprise’s relations state with the subjects of the external environment; express diagnostics of the enterprise’s financial security; a full-blown assessment of the financial security of the enterprise, which makes it possible to provide operational efficiency during substantiation of the administrative decisions, concerning the provision of financial security of the enterprises and consider the change of conditions of their interaction with subjects of the external environment. The development of the integration processes in the global economy, in particular defence industries, and the steady increase in competition on the global arms market, provides importers of arms and military equipment (AME) with a diverse choice of means of pressure on the exporters, directly encourage the application of the offset practices in this area. The research determines the ways and priorities of application of the offset activity by defence enterprises of Ukraine in the context of consideration of this phenomenon as a tool for strengthening their financial security thanks to the optimization of expenditures for implementation of the export-import operations and research, development, and engineering activity (RD&T).
Highlights
The world market experience shows that the dynamic growth of the sovereign country, which can guarantee security to its residents, is not possible without functioning of the defence industry
Different levels of financial security at the enterprises under consideration result from their industry specificity, which ha differences in the legal regulation of the industry, existing business practices, organizational peculiarities of the enterprises, technological peculiarities of production, market demand, and modern needs of the Armed Forces of Ukraine, the degree of state regulation of activity, etc
There is a positive trend in the group of private enterprises of the Ukrainian defence industry to increase in their active participation in the production of defence products, including by means of the state defence order, which improves their financial situation and enhances financial security
Summary
The world market experience shows that the dynamic growth of the sovereign country, which can guarantee security to its residents, is not possible without functioning of the defence industry. The manufacturing sector of the defence economy plays a decisive role in the production and supply of the military products to the Armed Forces and other military formations. It is a special part of the state’s economy, catering to its specific military and economic needs for national security provision. Among such needs are arming, ammunition supplies, military machinery, other military property, spare parts and materials, the performance of activities and provision of services, as well as export-import delivery in the area of the military and technical cooperation of Ukraine with foreign countries
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