Economic Security Of Enterprise Research Articles

METHODS OF EVALUATION AND CONCEPTUAL-STRATEGIC DIRECTIONS OF ECONOMIC SECURITY OF AGRICULTURAL ENTERPRISES

The purpose of the paper is to identify an effective method for assessing economic security and to formulate conceptual and strategic directions for raising the level of economic security of agricultural enterprises operating in conditions of instability and uncertainty. Methodology. In the process of research, general scientific and specific research methods were used. In particular, the method of statistical analysis was used in determining the dynamics of the number of agricultural enterprises. The methods of synthesis and analysis were used to identify the negative trends that affect the activities of agricultural enterprises. Using from abstract to specific methods, an algorithm for assessing the level of economic security of agricultural enterprises and the formation stages of the enterprise economic security concept were determined. Results. The article defines the main modern functioning tendencies of agricultural enterprises. It is suggested to use such means as financial, human resources, legal, informational, organizational to ensure the proper level of economic security of agricultural enterprises. The article states that the methodology for assessing the level of economic security consists of two approaches: qualitative and quantitative determination of the level of economic security. The authors systematize the indicators for assessing the level of economic security of the agricultural enterprise. The basic features of the economic security concept of agricultural enterprises are determined. The general strategies of the enterprise are described, which can be used both for agricultural enterprises and for other companies of different branches of the economy, in accordance with the level of economic security. Practical meaning. The article provides materials that give an understanding of the algorithm for assessing the level of economic security of an agricultural enterprise. The authors present the systematization of components and indicators for assessing the level of economic security, which in practice allows the most effective and reliable determination of the level of economic security. The detailed description of the company’s general strategies allows us to identify and implement precisely the strategy that will maximize the level of economic security of the enterprise. Strategic directions improved by authors for the formation of economic security of agricultural enterprises provide the opportunity to identify the necessary tools, with the help of which it is possible to achieve the maximum level of economic security of the enterprise. Value/originality. The paper analyses the methodology of evaluation and conceptual-strategic directions of economic security of agricultural enterprises, which proves the urgency and necessity of the considered issues. The presented results of the research and the propositions on the strategic improvement of the economic security level of agricultural enterprises can improve the efficiency of the enterprises of the agrarian sector. Taking into account the significant contribution of agriculture to the country’s economy, the research allows improving not only the performance of individual enterprises but also the effectiveness of the national economy as a whole.

ФІНАНСОВО-ЕКОНОМІЧНА БЕЗПЕКА СІЛЬСЬКОГОСПОДАРСЬКИХ ПІДПРИЄМСТВ: ТЕОРІЯ ТА ПРАКТИКА

The article discusses the existing approaches to the interpretation of the concept of "economic security of the enterprise" and conducts a retrospective analysis of conceptual approaches to the definition of this concept, identifies the main functional components of the economic security of enterprises adequate to modern realities. Particular attention is required to the issues of economic security of agricultural enterprises, the specific nature of which requires the establishment of a mechanism of double adaptation to economic and climatic conditions. It is noted that the economic security system of an enterprise is a subject and a control object and requires: a description of the control object, formalization of the goals of the control object existence, determination of the set of criteria for managing the object, design and creation of a control system that can minimize losses and provide protection against internal and external threats. The economic security system of an enterprise should be considered as a structured set of interconnected elements of external and internal security entities, their functionality, economic security policies, organizational structure, strategies and tactics, principles and methods aimed at ensuring the functioning of the enterprise and capable of countering internal and external threats.

ОСНОВНІ СКЛАДОВІ ТА ПРИНЦИПИ ЕКОНОМІЧНОЇ БЕЗПЕКИ АГРАРНИХ ПІДПРИЄМСТВ

Introduction. The functioning of agricultural enterprises in a competitive and natural environment causes the existence of specific threats, overcoming which necessitates the creation of an economic security mechanism. The Purpose. The purpose of the article is to identify problems of agricultural enterprises functioning, to protect producers from the effects of destructive influences, to ensure stable and maximally effective development of enterprises in the future. Results. It is established that the structural composition of the economic security system is formed by intra-production and non-production components. The plural of non-production components of economic security of agrarian enterprises are given, which include market and information. The basic components of agricultural enterprises economic security developed by scientists are summarized: their essence is defined and the services responsible for them are specified. The group of principles of the system construction of agricultural enterprises economic security is presented: legality, systematic construction, economic feasibility, effectiveness of managerial decisions, efficiency, cost optimization, validity, complexity, balance, timeliness, continuity, constant monitoring, activity, coordination and interaction, centralization, interaction focus on strategic goals, objectivity, responsiveness and dynamism, variability, responsiveness, adaptability, flexibility of management, development and improvement, promotion and responsibility. Conclusions. It is determined that the economic security of an agricultural enterprise is a state of its economic resources that provides a rational branch-organizational structure of the enterprise, taking into account the geographical location and natural and climatic conditions of its activity, under which it is able to effectively counter the possible threats to the internal and external environment, as well as to achieve the set goals and objectives based on the implementation of its chosen development strategy. Keywords: agrarian enterprises, economic security, economic security of the enterprise, system of economic security of the enterprise, planning.

Маркетингові технології взаємодії зі споживачами як чинник забезпечення економічної безпеки підприємств

Маркетингові технології взаємодії зі споживачами як чинник забезпечення економічної безпеки підприємств

Сутність економічної безпеки підприємства та її основні принципи

Сутність економічної безпеки підприємства та її основні принципи

Управління знаннями в контексті забезпечення економічної безпеки підприємства

Управління знаннями в контексті забезпечення економічної безпеки підприємства

Стратегічні аспекти управління ризиками для забезпечення економічної безпеки підприємства

Стратегічні аспекти управління ризиками для забезпечення економічної безпеки підприємства

Теоретичні основи розвитку факторів забезпечення економічної безпеки підприємств

Теоретичні основи розвитку факторів забезпечення економічної безпеки підприємств

THE THEORETICAL BASIS OF ENTERPRISE FINANCIAL SECURITY AND THE MECHANISM OF ITS MANAGEMENT

The paper describes concept of "enterprise’ financial security" in modern conditions and compares the main approaches to its definition taking into account the complex nature of this economic category (from the point of view of the object of paramount attention, the task of the security system and the criterions of security). The authors identified two approaches to understanding the financial security of the enterprise: the first approach, which considers financial security in terms of the enterprise’ ability to withstand the threats of the internal and external environment; the second approach determines the enterprise’ financial security as the ability of the enterprise to perform its activities effectively in an uncertain and competitive environment. In addition, the study identified the essence of enterprise’ financial security management, its purpose, objectives, functions, principles, mechanism and basic elements of management. In the course of the research it was found that the most important in the enterprise’ financial security management is to built adequate mechanism of financial security management. The authors define such mechanism, as a set of basic influence’ elements on the process of development and implementation of management decisions to ensure the protection of his financial interests against various threats. Moreover, the authors investigated the systems of enterprise’ financial security analysis, which allow to investigate the financial condition and main results of financial activity of the enterprise in order to determine the level of protection of his financial interests from threats and identify the reserves for its improvement. The system of integral analysis was defined as the system that gives the most solid conclusions about the state of financial security. The main reason for this is that above mentioned system allows to conduct a deeper financial analysis, to evaluate the main areas of financial activity of the enterprise and to aggregate the obtained data into one indicator. Keywords: enterprise's economic security, enterprise's financial security, mechanism of the enterprise`s financial security, management of the enterprise`s financial security.

Management of the enterprise economic security system in network economy conditions: essence, basic components and the diagnosing mechanism

The article determines the role and the meaning of network structures in modern economy. There are revealed risks and threats in the activity of economic entities that are part of network structures. The notion of economic security in the network economy is revealed. The structure of the economic security system of network companies is formed, its basic components being characterized. Basic components of the economic security system in the network economy under current conditions are analysed, some problems of ensuring economic security and ways of their solution are determined. A complex mechanism of diagnosing the enterprise economic security is elaborated. The article considers main ways of ensuring economic entities’ security by introducing the integrated economic security system to predict and prevent threats to economic security.

Науковий підхід до формування стратегічних орієнтирів управління потенціалом економічної безпеки підприємств

Науковий підхід до формування стратегічних орієнтирів управління потенціалом економічної безпеки підприємств

Державна підтримка економічної безпеки підприємств аграрного сектору

Державна підтримка економічної безпеки підприємств аграрного сектору

COMPLEX ASSESSMENT OF UKRAINIAN AGROHOLDINGS’ ECONOMIC SECURITY

Retrospective diagnostics of main financial results of activity (profit, earnings and yield of shares); business capital, market capitalization, EBITDA, operating margin and net profit margin, P / E, ROA, ROE, ROC as of 2018 and an average of 5 years; Consideration of Montier C-Score and Piotroski F-Score indicators on financial issues of companies; liquidity of the balance of agroholdings on the criterion of the ratio of assets and liabilities; the coefficient analysis of enterprises and the diagnosis of bankruptcy probabilities using models of multiple discriminant analysis (MDA model), logistic regression (Logit-model) and rating methods (Beaver's indicators and definition of the class of the potential beneficiary of the investment prokect) helped to formulate a generalized conclusion on the probability of bankruptcy according to models and a general assessment of the financial condition of agricultural companies. Based on the analysis, it has been determined that, according to all methods of the agroholding, the sample collectively generates a series from the highest to the lowest: MHP / Kernel, IMC, Agroton and Avangard. In view of this, it is necessary to formulate and continuously improve integrated risk management systems (integrated systems of enterprise economic security), rather than separate procedures at the level of different departments of the company.

SPECIFIC FEATURES OF ECONOMIC SECURITY ASSESSMENT OF ENTERPRISES UNDER CURRENT CONDITIONS OF BUSINESS MACROTRENDS: A REGIONAL APPROACH

Goal. The goal of the article is to substantiate the theoretical and applied aspects of economic security complex assessment on the example of regional business structures with the use of the apparatus of mathematical modeling in Economics in modern conditions of business macro trends. The assessment of the state of economic security of enterprises is carried out through a system of criteria and indicators. The criterion of enterprises economic security is a measure of the state of the entity in terms of compliance with the established indicators of its activity with pre-established indicators reflecting the essence of economic security. On the basis of this goal, the question arises of solving such problems as: the possibility of developing a unified conceptual approach and tools for assessing the impact of indicators on the of regional business structures’s economic security; developing measures to improve the economic component of regional business structures. Research methods. Structural methods, comparative analysis of empirical data, abstract-logical generalization and mathematical modeling in Economics were applied to solve this scientific problem. Results. In the work on the basis of the methodological approach the model of assessment formation of the enterprise’s economic security has been grounded on the basis of impact of economic security indicators by means of logit and probit-functions. The model does not take into account group effects, that is, there is no analysis of fixed effects. In order to avoid cross-effects, when not only the variable itself influences the likelihood of a crisis, but the public crisis begins to affect the behavior of the variable, two groups of models are built: for the first group of regressions from the sample, all observations after the first year of crises are excluded; for the second group of regressions all data were used except for the crisis years after the first year of the crisis. Conclusions. The fundamental provisions of the scientific investigation will enable domestic regional enterprises to apply the algorithm of forming the economic security assessment of the enterprise using the apparatus of mathematical modeling in Economics.

Characteristics of the level of economic security of Ukraine in the agrarian sector

Purpose. Economic security is an important component of any system, whether it is a state or a society, or a family. It reflects the ability to maintain and create conditions for restoring economic well-being and protecting interests. According to the political situation in Ukraine, the protection of economic security has become one of the most important issues for resolution. In recent years, the agrarian sector has become one of the key parts for GDP since the industrial business has now turned to the background. The purpose of the article is to determine the economic security level in the agrarian sector. Methodology. The authors have used the questionnaire method and have made a survey in 67 Ukrainian companies which are operating in the agriculture in the Lviv region, Ukraine. The survey was conducted from June to July 2018. Findings. Survey results show that enterprises have an extremely negative attitude to the state of economic security of the country. However, it should be noted that entrepreneurs believe that the level of economic security of their business is at a higher level in comparing with the level of economic security of the country. Research limitations/implications. As noted above, the study was conducted at 67 agribusiness enterprises in the Lviv region. In the future, this study may be the basis for the same research in other regions of Ukraine. Practical implications. In the questionnaire template, we have made the list of methods which can help to prevent the effects of negative factors that could damage the company's economic security. The list of these measures can be used by enterprises in practice to ensure a high level of its security. Originality/Value. It should be noted that the originality of our work is that we have combined the research of two areas: the economic security of the company and agribusiness. We have identified the main problems of agrarian sector in ensuring the economic security of enterprises and provided a list of methods to improve the level of this type of security, the use of which will lead to a better functioning of the firm. Keywords: economic security, agrarian sector, GDP, Ukraine; Research type (choose one): research paper. JEL classification: О11, О13, Q12.

МЕТОДИ ОЦІНКИ РІВНЯ ЕКОНОМІЧНОЇ БЕЗПЕКИ ПРОМИСЛОВИХ ПІДПРИЄМСТВ

УДК 330.342; JEL Classification: Q044Purpose is to clarify the essence of the definition of "economic security of the enterprise", as well as the fact that based on consideration of the main approaches and methods of assessment of the level of economic security of the enterprise to develop an option for calculating the functional components in the general context of economic security of industrial enterprises. Methodology of research. To achieve this aim in scientific work the following general scientific and special methods and techniques of research were used: methods of generalization and abstraction - to clarify the essence of economic security of the industrial enterprise, theoretical foundations and tools of economic security management of the enterprise; a systematic and integrated approach to determining the choice of economic security components of the enterprise and to develop options for their assessment and the method of analysis and synthesis to identify threats to the main functional components of the protection system. Findings. In the article the analysis of scientific literature made it possible for authors to determine the most comprehensive and meaningful determination of the definition of "economic security of the enterprise"; studied economic security components and on this basis developed analytical tool for assessment of the level of economic security of the enterprise. The main features and factors of economic security management of the enterprise are determined. It is justified that productive and effective activity of the enterprise should include not only research of its environment and the nature of its changes, but also the opportunity to respond adequately to these changes, because unsuccessful or untimely reaction can lead to significant losses, implementation of ineffective management decisions and termination of enterprise activity in general. In order to increase the effectiveness of economic security management of enterprises, an improved methodological approach of economic security assessment it has been proposed to identify the level of adaptation of the enterprise to the negative influences of external factors. The emphasis is that for economic security management it is necessary to develop target criteria for assessing its level. The solution to this problem requires the development of effective methods’ system. It is determined that it is difficult to assess the state of economic security of an industrial enterprise in all functional components objectively. The reason is that there are such indicators that are difficult to measure with specific numbers, forms, and quantities. These components include intellectual, staff, political and legal, technical and technological. It is difficult to determine the numerical importance of each of them. It is noted that the only methodology for calculating the level of economic security does not exist. Originality. The most comprehensive and meaningful determination of the definition "economic security of the enterprise" is identified. In order to increase the effectiveness of economic security management of the enterprises, an improved methodological approach of security risk assessment based not on the use of 9 economic security components, offered by some experts, but 5 (financial, intellectual and staff, technical and technological, political and legal, innovative). Practical value is to improve assessment of the economic security of the enterprise, which allows us to identify an influence of the external environment for the enterprise's activities and take measures to neutralize the identified negative influences. The developed assessment of the effectiveness of the mechanism of economic security management can be used by the enterprise as a final stage in the economic security management

CONTENT ANALYSIS OF DOCTORAL DISSERTATIONS ON ENTERPRISE ECONOMIC SECURITY, DEFENDED IN UKRAINE IN 2000-2018

Topicality. The urgency of the problem of ensuring the enterprise economic security in the modern conditions of management is particularly acute due to the growing number of unprofitable and bankrupt entities, lack of resources for effective activity, risks, threats and hazards of internal and uncertainty of external environment, etc. The practical activities of companies to ensure economic security require scientific and methodological support, which would reveal best practices, generalize existing theoretical work, methodical provisions and applied recommendations. Although the primary link of scientific communication is article, dissertation works on enterprise economic security are chosen for analysis as the most unified form of presentation of the scientific research results in this field of knowledge.Purpose and tasks. The purpose of the article is to conduct content analysis of defended theses on enterprise economic security in order to determine the general state of research field, the degree of scientific efforts coordination and main trends of published research.Research results. The dissertation works were selected exclusively on the subject of enterprise economic security; the sample for 2000-2018 made 205 works. Further analysis was carried out according to the criteria of method LATCH while processing data arrays - Location; Alphabet; Time; Category; Hierarchy. A number of scientific specialties, candidate and doctoral theses (PhD and Doctor of Sciences), the main term in the subject of theses, dynamics of oral defenses, leading institutions, geographic centers and economy branches are determined. There are certain regularities of the array; as well as constant dynamics in the studies of enterprise economic security in different specialties is not observed, there are periods of growth and decline, there are five institutions of higher education in Ukraine, where majority of works are defended; seven geographical centers of enterprise economic security research are allocated.Conclusions. There is a certain recurrence of topics and research areas in various specialties in the study of enterprise economic security. When calculating the frequency of concepts in the dissertation themes it is determined the difference of specialties and corresponding research within their framework: 21.04.02 focused on the comprehensive study of system development, international standards of enterprise economic security, the mutual influence of national security and enterprises economic security, etc. We have to coordinate the research directions within the various scientific specialties on the subject of enterprise economic security, harmonize the terminology (including those with foreign correspondents), develop effective theoretical and methodological provisions and applied guidelines for the practical activity of specialists or managers of the economic security sphere of economic entities and their activities.

Analysis of indicators impact on economic security of enterprises in the context of socio-humanitarian components

Introduction. The level of economic security of enterprises is characterized by many indicators. The assessment of the state of economic security of enterprises is carried out through a system of criteria and indicators. The criterion of enterprises economic security is a measure of the state of the entity in terms of compliance with the established indicators of its activity with pre-established indicators reflecting the essence of economic security. Therefore, the problem of analyzing indicators of enterprises economic security and developing measures to improve their economic component in the context of the socio-humanitarian component.
 Aim and tasks. Justification of the need to develop measures to improve the assessment of economic security of enterprises based on the impact of indicators in the context of the socio-humanitarian component. On the basis of this goal, the question arises of solving such problems as: the possibility of developing a unified conceptual approach and tools for assessing the impact of indicators on the organization's economic security; developing measures to improve the economic component of enterprises in the context of the socio-humanitarian component.
 Results. For the analysis of the economic security state, indicators were chosen that characterize economic security in different spheres of enterprise activity according to the recommendations. For each indicator a matrix of values with the enterprises and indicators of values by years was formed. The analysis uses a multidimensional logit model, a case of binary selection. The model does not take into account group effects, that is, there is no analysis of fixed effects. In order to avoid cross-effects, when not only the variable itself influences the likelihood of a crisis, but the public crisis begins to affect the behavior of the variable, two groups of models are built: for the first group of regressions from the sample, all observations after the first year of crises are excluded; for the second group of regressions all data were used except for the crisis years after the first year of the crisis.
 Conclusions. Based on the analysis of the investigated indicators and the determination of t the parameters of enterprises economic security in addition to economic methods, administrative and socio-psychological means can be used. They include methods of influencing individual workers, groups of employees or the collective as a whole to form a corporate culture that will help achieve the goals of this enterprise, will reduce the impact of socio-humanitarian factors of economic security on the enterprise. These methods include: training staff rules of safe behavior; work with managers, whose behavior serves as a reference for the company's staff; development of a program of work with new employees and its implementation; formation and adjustment of traditions of the enterprise; regulation of interpersonal and intergroup relations; moral encouragement; social planning; other methods. Quick methods for certain enterprises were also proposed to improve the economic component of their operation.

O. Khadzhynova, M. Kurtyanik, Theoretical aspects of ensuring the financial and economic security of Ukrainian enterprises.

The article considers the essential characteristics of the concept of financial and economic security of enterprises. The main directions of ensuring the financial and economic security of an economic entity are determined. Factors that adversely affect the financial condition of enterprises are investigated. The basis of the study is a set of theoretical issues of ensuring the financial and economic security of the enterprise and its changes in the implementation of a certain volume of operations in the process of economic activity. The authors found that the goal of ensuring the financial and economic security of an enterprise is to minimize internal and external threats in the context of the dynamic development of the global and national economies. The authors proposed and considered the directions of ensuring the financial and economic security of enterprises that prevent a negative impact on the business image, investment attractiveness, financial and economic stability, solvency, profitability, and a healthy competitive environment of the enterprise. The authors concluded that the financial and economic security of an enterprise is expressed in: a close relationship between all areas of ensuring the financial and economic security of enterprises; developing strategies for effective management of business processes; in the adjustment of financial and economic activities for the implementation of the strategic development of the enterprise; in achieving a high level of intelligent management personnel. Synchronization of interactions in the areas of ensuring the financial and economic security of an enterprise makes it possible to build an effective system of management decisions aimed at the strategic development of an economic entity.

Prospects for further improvement of approaches to evaluation of the level of economic safety of the enterprise

The evolution of the definition of the economic security of the enterprise has been analyzed and the main problems of the methods of assessing its level charactering of native science and practice have been examined. The essence and problems of the most common approaches to assessing the level of enterprise economic security (indicator, resource-functional, program-target, accounting, economic-mathematical modeling, method based on the estimation of enterprise profit, the method based on the estimation of gross investment, method, based on the definition of financial sustainability of the enterprise) have been considered. The main problem issues are summarized and reduced to a conceptual form. The obtained results showed the necessity of improving the existing approaches to assessing the level of enterprises economic security. It is established that the main problem of approaches is insufficient uncertainty of the influence of the external component for which insufficiently elaborated issues are identified. It is determined that the modern model of evaluation should include features of several approaches for objective estimation of the level of enterprises economic security and further prediction of its state.