Financial Security System Research Articles

Impact of COVID-19 on financial security of territorial communities

The research highlights the theoretical foundations of financial security of territorial communities and their place in the general system of financial security of Ukraine. It is justified that the key threat to the financial security of the united territorial communities is the COVID-19 pandemic, the source of which is uncertainty. The scientific article presents the approaches of scientists, theorists, financiers and practitioners to the interpretation and disclosure of the economic essence of the concept of “financial security of local communities”. The author's vision of the economic essence of the financial security of the united territorial community is determined. The main threats to the financial security of territorial communities, which have both internal and external nature, have been studied. The marginal rates of change in the physical volume of gross regional product in Ukraine during 2017–2020 are analyzed. The structure of local budget revenues in terms of funds for 2018–2021 has been studied. It is proved that the majority of territorial communities report a significant reduction in tax and other revenues of local budgets during periods of various quarantines and lockdowns. The main indicators of security of local budgets are highlighted. An analysis of the volume of expenditures to combat COVID-19 in terms of regions in 2020. The main indicators of social security in Ukraine have been studied. In particular, the dynamics of gross domestic product, the level of income expenditures, etc. are given. The volume of expenditures for combating COVID-19 in terms of regions in 2020 is analyzed. It is noted that in modern conditions the global challenge to the financial security of communities and the state as a whole is the COVID-19 pandemic, which is a catalyst for real and potential threats with the maximum level of impact on the financial condition of the territories. A study of key indicators of community social security was conducted. Measures to stabilize the situation are given. The obtained results of the research can be implemented in the activities of state structures at the local level in terms of making adjustments to the organization of the system of financial and economic security of communities.

MANAGEMENT OF FINANCIAL AND ECONOMIC SECURITY OF INNOVATION-ORIENTED SOCIO-ECONOMIC SYSTEMS

The modern paradigm of financial and economic security management of innovation-oriented socio-economic systems should be based on guidelines for action and management decisions aimed at ensuring and improving the level of financial and economic security. The authors consider the management of financial and economic security of innovation-oriented socio-economic systems in terms of complexity and individuality of the choice of components. The article identifies the levels of a comprehensive system of financial and economic security of higher education institutions as socio-economic organizations (institutions). The authors propose to manage the financial and economic security at both the tactical and strategic levels. This study identifies the main functions, principles and criteria of the regulatory and planned level of financial and economic security of higher education institutions and puts forward a modern concept of security of innovation-oriented socio-economic systems. The article proves that the management of financial and economic security of innovation-oriented socio-economic systems has a complex structure, which includes: goals, principles, actors, objects, tasks, functions, measures, levers and tools. Each of these components has its own characteristics, performance requirements, relationships. Innovation-oriented socio-economic systems for their safe operation must independently develop and adhere to a defined management strategy, the stages of which are described for their practical use in the management of financial and economic security. To ensure and increase the level of financial and economic security of innovation-oriented socio-economic systems, the following methods should be developed: technical, financial, informational, legal, personnel, intellectual and innovative. The authors of the article include the following principles of financial and economic security of innovation-oriented socio-economic systems: timeliness, complexity, system, legality, activity, specialization, coordination and interaction, centralization, management flexibility and sufficiency in management. These principles are included in the general structure of the management system of financial and economic security of non-productive entities.

Institutional Foundations of de-Shadowing the Economy of Ukraine in the National Financial Security System

The growth of the shadow sector of the economy of Ukraine has a considerable destabilising impact on the country’s financial sector, as a result of which increase threats, risks, challenges, and dangers to the financial security of the state, which intensify the macroeconomic and socio-political crisis. Under such conditions, the problems of justifying the institutional foundations and determining the vectors of de-shadowing the Ukrainian economy are being updated, the solution of which will ensure an optimal level of financial security of the state. The purpose of this study was to expand research on the theoretical foundations and practical recommendations on the institutional foundations of de-shadowing the Ukrainian economy in the national financial security system. The theoretical and methodological framework of this study included methods of analysis and synthesis, analogy and comparison, generalisation and systematisation, and a graphical method. The essence of the shadow economy, financial security, de-shadowing of the economy was determined and the place of the shadow economy in the system of national financial security was outlined, the influence of the shadow economy on the level of financial security of Ukraine and the dynamics of the level of the shadow economy, changes in the volume of real GDP of Ukraine, the dynamics of the level of the shadow economy of Ukraine in the context of economic activities, and the dynamics of the volume and level of official GDP created by shadow wages was analysed. The main risks, threats, challenges, and dangers of the national financial security were investigated, and it was proved that one of its biggest threats is shadow economic activity. The main vectors of economy de-shadowing were considered and improvement of methodological tools for assessing the level of the shadow economy of Ukraine was proposed. Strategic priorities of de-shadowing the Ukrainian economy in the system of ensuring financial security of the state were defined, namely the development of legal conditions for de-shadowing wages and improving the quality and efficiency of public finance management. The obtained results of the study can be used by state authorities, forming financial policy, and determining the main vectors of de-shadowing the economy of Ukraine

Directions for improvement of health care financing system

Relevance of the research topic. In the context of the COVID-19 pandemic, the health care financing system is an important tool for regulating social processes. Accordingly, the assessment of its institutional components, financial and economic risks in this area is an important condition for the formation and implementation of sound public policy in the field of health. Formulation of the problem. In the context of deteriorating trends in national economic development, important tasks are: substantiation of priority areas of state policy in the field of health care, in particular to strengthen the funding system in this area, ensuring an economically sound level of social standards. At the same time, the basis for the quality level of implementation of state policy in the field of health care is its coherence with the strategic directions of socio-economic development of the country in the short, medium and long term. Analysis of recent research and publications. The issue of formation and implementation of state policy in the field of health care, financing of health care is quite common in research. These are the works of foreign and domestic scientists: Barrow H., Bella P., Gupta S., Dali Eyu, Dzhigira I., Matnonnat J., Mainzyuk K., Sparkes S., Adamenko I., Lysyak L., Chugunova I. and others. Selection of unexplored parts of the general problem. The above issues are relevant in connection with the deteriorating trend of economic development, the pandemic COVID-19, which requires a number of specific tasks related to strengthening the health care financing system. Problem statement, research goals. The objectives of the study are: to reveal the role of the health care financing system in the regulation of socio-economic processes; substantiate the features of the system of financing the health care sector in modern conditions; to analyze and estimate health care expenditures of the State Budget of Ukraine. The purpose of the study is to reveal the directions of state policy on the development of the health care financing system. Method or methodology of the study. The article uses a set of research methods: a systematic approach, statistical analysis, structuring, synthesis, etc. Presentation of the main material (results of work). The role of the health care financing system in the regulation of socio-economic processes is revealed. The peculiarities of the system of financing the sphere of health care in modern conditions are substantiated. The analysis and assessment of health care expenditures of the State Budget of Ukraine was carried out. The directions of the state policy on the development of the system of financing the sphere of health care are substantiated. Field of application of results. The results of the study can be used in the process of forming and implementing public policy in the field of health care. Conclusions in accordance with the article. The validity of the implementation of state policy in the field of health care is an important condition for social development. In order to improve the quality of the health care financing system, at this stage, it is advisable to: take measures to reduce the risk of violation of the sustainability of the financial security system in the field of health care, which involves the modernization of system infrastructure. Stabilization of the level of financial support for health care involves improving budget policy in terms of planning budget expenditures for health care. An important condition for the formation of an effective state policy in the field of health care is to improve the interaction of public administration in terms of informatization of this area. Solving these problems will help create conditions for sustainable social development, the introduction of modern financial tools in the field of health.

Trends in the Development of the Insurance Market of Ukraine in the Conditions of Transformational Changes

Abstract. Introduction. In modern conditions, the result of globalization processes are rapid changes in the world economic system, in particular in its financial sphere, which cause not only positive but also negative consequences. Therefore, there is an objective need to deepen research on the functioning and identify promising areas of insurance market development. After all, in the process of their activity, insurance companies ensure the formation of effective market mechanisms for attracting investment resources into the national economy. Purpose. The purpose of the study is to study the main trends in the insurance market of Ukraine in modern conditions of transformational change and globalization processes and substantiation of promising areas to increase its efficiency. Results. It is established that the main destructive factors that hinder the development of the insurance market of Ukraine include: reducing the level of solvency and liquidity; lack of a clear business model; unfounded approaches in financial risk management; uncertainty of the strategy and program of formation of financial security of the insurance market as a component of security of the non-banking financial sector and others. During 2011-2021 there is a clear trend to reduce the number of insurance companies. At the same time, the level of insurance penetration and concentration of the insurance market of Ukraine in premiums is much lower than similar world and European countries. Insurance companies belong to high-risk financial institutions. Therefore, the obligatory structural elements of the strategy of strengthening the financial security of the insurance market of Ukraine are substantiated. In addition, the principles of financial risk management in the financial security system of the insurance market are presented. It is established that in order to increase the competitiveness of insurance companies it is necessary to first adapt their business models to digital requirements, modernize major technology platforms, expand analytical capabilities of databases, improve interaction with all members of the insurance ecosystem. Conclusions. Modern dynamic conditions of globalization and a number of destructive factors necessitate the development of a strategy for the formation of financial security of the insurance market of Ukraine, as well as the justification of rational approaches to managing financial risks of insurance companies. It is established that the reorientation of the insurance market to digital technologies is a defining requirement of the transformational world. The period of implementation of digitalization processes causes insurers to move from outdated sales channels of insurance products to find new ways to communicate with customers, develop innovative approaches to the insurance business. We are convinced that the simultaneous development of internetization, individualization and digitalization will provide a synergistic effect in the process of digitalization of the insurance market of Ukraine and bringing it to a qualitatively new level of development in the conditions of transformational changes.

SECURITY MANAGEMENT OF UKRAINIAN BANKS

The purpose of the study is the current state and trends in the development of the banking system of Ukraine. The main problems of functioning of banking institutions at the present stage of reforming the state economy were revealed. The essence and content of the category of banking security is analyzed, the role and importance of guaranteeing the safety of banks in the system of financial security of the state is shown. The main threats and risks to banking security in general are described, the principles of improving the level of banking security are outlined. The category of banking security is characterized by: the state of security of banking activities and resources of a financial institution, the ability to develop effectively in the strategic dimension, the ability to withstand threats, protect the economic interests of participants and the ability to increase the overall financial and economic potential. Methodology. Improvement of the mechanism of banking security is the implementation of measures at the level of the bank and the banking system as a whole. The measures include: improving regulatory support, bringing activities closer to international standards of banking services, introduction of conceptual approaches to strategic management of banks' financial security, improving the quality of corporate governance and bank management, etc. Results. To ensure the sustainable development of the national financial system, it is necessary to "improve" the management systems of banks, ensuring full economic protection from external and internal factors, which is one of the main directions of state policy in the field of economic security. Value/originality. Ensuring stability of the banking system, prevention of systemic banking crises is the most important task of authorized government bodies in the field of financial sector regulation. Considering the notion of banking supervision, it can be noted that "banking supervision" is a monitoring system consisting of state, international, inter-bank, intrabank, intra-bank supervision in the form of preliminary, introductory and current supervision from the establishment until liquidation of a bank or its subdivisions. It should be noted that banking supervision is a systemic system that comprises several closely intertwined elements. The components of banking supervision are control proper, which boils down to study or observation of compliance with legislation in the activities of banking institutions, as well as active actions by the National Bank of Ukraine to apply appropriate enforcement measures. The mechanism for ensuring the smooth functioning of the country's banking system is a set of tools used by government agencies and providing for regulatory and supervisory measures.

Adaptation changes in the system of financial and economic security of Ukrainian business in a pandemic condition

Adaptation changes in the system of financial and economic security of Ukrainian business in a pandemic condition

Enterprise credit risk prediction using supply chain information: A decision tree ensemble model based on the differential sampling rate, Synthetic Minority Oversampling Technique and AdaBoost

AbstractThe spread of enterprise credit risk in the supply chain may lead to large‐scale bankruptcy and credit crises, which are related to national economic and social stability and financial system security. Therefore, enterprise credit risk in the supply chain context is not only a concern for banking financial institutions, credit rating agencies and enterprise managers but also the focus of governments. This article develops a DTE‐DSA (decision tree [DT] ensemble model using the differential sampling rate, Synthetic Minority Oversampling Technique [SMOTE] and AdaBoost) prediction framework integrating supply chain information to predict enterprise credit risk. The empirical test shows that using supply chain information can significantly improve the prediction score. The DTE‐DSA model has the best prediction effect in dealing with class imbalance problems. Compared with single classifier models—such as logistic regression, k‐nearest neighbours, support vector machine, DT and DT using the SMOTE—as well as ensemble models—such as extremely randomized trees, random forest, rotation forest, extreme gradient boosting, gradient boosting DT and DT ensemble model using AdaBoost—the DTE‐DSA model not only has the best prediction score but also has a more stable performance. The comprehensive use of supply chain information and the DTE‐DSA model can result in the highest prediction score, with an area under the curve of 0.9016 and a Kolmogorov–Smirnov statistic of 0.7369. Further analysis of the variables of importance enhances the interpretability of the model and obtains relevant management insights.

Enterprise Financial Data Sharing Based on Information Fusion Cloud Computing Environment

At present, many companies have many problems such as high financial costs, low financial management capabilities, and redundant frameworks; at the same time, the SASAC requires that the enterprise’s financial strategy transfer from “profit-driven” to “value-driven”, finance separate from accounting to improve the operational efficiency of the company. Under this background, more and more enterprise respond to the call of the SASAC; in order to achieve the goals of corporate financial cost savings and financial management efficiency improved, we began to provide services through financial sharing. The research of information fusion theory involves many basic theories, which can be roughly divided into two large categories from the algorithmic point of view: probabilistic statistical method and artificial intelligence method. The main task of artificial intelligence is to realize the computer for some learning, thinking process, and wisdom formation of simulation, and an important goal of information integration is the human brain comprehensive processing ability simulation, so artificial intelligence method will have broad application prospects in the field of information fusion; the common methods have D-S evidence reasoning, fuzzy theory, neural network, genetic algorithm, rough set, and other information fusion methods. The purpose of this paper is to proceed from the internal financial situation of the enterprise, analyze data security issues in the operation of financial shared services, and find a breakthrough in solving problems. But, with constantly expanding of enterprise group financial sharing service scale, the urgent problem to be solved is how to ensure the financial sharing services provided by enterprises in the cloud computing environment. This paper combines financial sharing service theory and information security theory and provides reference for building financial sharing information security for similar enterprises. For some enterprise that have not established a financial shared service center yet, they can learn from the establishment of the financial sharing information security system in this paper and provide a reference for enterprise to avoid the same types of risks and problems. For enterprise that has established and has begun to practice a financial shared information security system, appropriate risk aversion measures combined with actual situation of the enterprise with four dimensions related to information security system optimization was formulated and described in this paper. In summary, in the background of cloud computing, financial sharing services have highly simplified operational applications, and data storage capabilities and computational analysis capabilities have been improved greatly. Not only can it improve the quality of accounting information but also provide technical support for the financial sharing service center of the enterprise group, perform financial functions better, and enhance decision support and strategic driving force, with dual practical significance and theoretical significance.

Organization of financial and economic security management of port activities

The purpose of this article is to develop a model and proposals for the organization of management of financial and economic security (FESM) of port enterprises (PE). Improvement of the management of financial and economic security we propose to begin with the development of methodological approaches to assessment of the level of financial and economic security. To do this, the article makes a proposal to use a functional criterion, which is defined as the ratio of costs for the organization and operation of the financial security service to the profit obtained during the period of the study. Also, a set of indicators is developed that, unlike existing ones, take into account specifics of the industry. The article also proposes optimal plans for cargo processing, which result in a minimum cost and maximum profit. Through the function of process management, a comprehensive statistical model of managing the system of financial and economic security of port enterprises is proposed. This model takes into account specific factors of PE operation and developed approaches that ensure the organization of PE FES management by embracing traditional financial approaches and their alternatives. The authors state that for the effective organization of financial and economic security of port enterprises it is necessary to conduct timely monitoring of external and internal threats, assess and analyze the level of financial and economic security and develop strategic ways of enterprise development. And the recommendation to the management is to carry out well-timed control and audit of financial condition.

FINANCIAL SECURITY MANAGEMENT IN ECONOMIC SECURITY SYSTEMS AT DIFFERENT LEVELS OF MANAGEMENT SYSTEMS: METHODOLOGICAL PROBLEMS

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.

ТЕОРЕТИКО-МЕТОДОЛОГІЧНІ АСПЕКТИ ФОРМУВАННЯ ТА РОЗВИТКУ СИСТЕМИ УПРАВЛІННЯ ФІНАНСОВОЕКОНОМІЧНОЮ БЕЗПЕКОЮ ПІДПРИЄМСТВА

At the current stage of development of the market economy, an important task is the formation and development of the enterprise's financial and economic security management system to ensure the neutralization of threats, a high level of its competitive positions, and innovative development at the current stage and in the future. This problem has become especially acute recently, when Ukraine is going through a difficult period characterized by the destabilization of the political and economic situation in the country, transformational processes associated with overcoming crisis phenomena in all spheres. The essence of the main task of the organization of financial and economic security is to carry out such procedures and calculations, which, even in the case of their incomplete adequacy, would make it possible to obtain sufficiently reliable results, which can be relied on when choosing an economic alternative. In addition, it should be emphasized that the mechanism of creating financial and economic security of the masses is based on the internal system characteristics of the enterprise, that is, the socio-economic system itself must include "built-in" mechanisms for preventing external and internal threats. Management of financial and economic security must be carried out according to certain rules and principles. The performance of tasks and functions of the financial and economic security system is carried out in case of compliance with a number of basic principles of management and organization of the financial and economic security of the enterprise. The article examines the theoretical and practical aspects of the formation and development of the enterprise's financial and economic security management system and summarizes its own vision of this process. The content of the process of formation and development of the management system of financial and economic security of the enterprise and its phasing are considered. Conceptual approaches to the formation and development of the enterprise's financial and economic security management system, the use of systemic, situational approaches and management theory to solve the problem are analyzed. The principles of formation and development of the financial and economic security management system of the enterprise in modern business conditions are defined. The process of managing the financial and economic security of the enterprise is considered as a sequence of individual actions in their unity and completeness of implementation. The main components of the processes of organization and formation of the management system of financial and economic security of the enterprise are proposed.

Financial security of Ukrainian enterprises: current status, main problems and ways to solve them

The existence of an effective financial and economic security system, which will provide the protection of the enterprise from the threats is one of the most important aspect of sustainable business growth providing and formation of positive results of its financial activities in modern conditions of the economic processes imbalance. The protection is conditioned by the ability of the enterprise authorities: to provide sustainable business growth of the enterprise, to neutralize the negative impact of the crisis economy, to form an adequate accounting system of financial flows, to strengthen operating effectiveness of the control system, to provide the protection of the trade secret information confidentiality on appropriate levels. Modern scientific researches indicate there is impossible to find exit from crisis, to stabilize the economic situation, to create an effective mechanism of doing business without unified system of business financial and economic security. The search of the main ways of business acceleration with minimal expenses for forming of effective system of enterprises functioning aimed at maximization of profits and harmonization of relations between business stakeholders is very relevance in the conditions of post-crisis reconstruction. It should be taken into account the fact that production and economic systems, regardless of the form of ownership, are characterized by the presence of constant risk and threats associated with the dynamics of the external and internal environment of their functioning. The financial and economic security of a business depends on the state of the country's monetary security. It should also be noted that at present the financial security of Ukraine is under threat, since all components of ensuring financial and economic security are in danger. The problems of their own economic security arise before each type of business, not only in times of crisis, but also when working in a stable economic environment, the set of targets to be solved in this case has a significant difference. The instability of the economic and political situation in the modern world creates great tensions and serious problems to ensure the financial security of enterprises, which is associated with solving economic and legal problems, as well as protecting economic interests and property rights of economic entities - physical and legal persons. The financial security of the enterprise, as the main economic entity of the modern economy, occupies an important place among the indicators of financial security at other levels, as the security of the enterprise is the basis of both economic security in general and financial security in particular. Financial security plays a significant role in the management of the enterprise, helps protect its financial and economic interests from negative internal and external threats, protects the financial interests of business owners, controls the financial resources of the company, able to withstand existing and emerging risks that cause financial damage change the structure of equity.

ОЦІНКА ФІНАНСОВОЇ БЕЗПЕКИ РЕГІОНУ НА ПРИКЛАДІ ЛЬВІВСЬКОЇ ОБЛАСТІ

The research presents the approaches of scientists, theorists, financiers and practitioners to the interpretation of the economic essence of the term "financial security of the region". The author's vision of the economic essence of financial security of the region is determined. The main components of financial security are identified, which make it possible to assess the nature of the participation of all spheres of life in ensuring an adequate level of security. It is noted that at the regional level, the generalizing indicator that characterizes the level of economic development of the region is the gross regional product. The structural-dynamic analysis of the volume of gross regional product of Lviv region for 2016–2019 is carried out. It is proved that the size of the gross regional product depends on the amount of gross value added of all economic activities of the region. The study considers the system of indicators for assessing the components of financial security of Lviv region in 2018–2020. In particular, the dynamics of capital and direct investments in the region, the consumer price index, the profitability of operating activities of enterprises in the Lviv region, the amount of disposable income per capita, etc. It is determined that 60% of the indicators calculated for the Lviv region have an optimal value, but 40% do not reach the limit value. Problematic components of financial security of Lviv region have been identified. A comparative analysis of the Lviv region in the western region of Ukraine as of 2020. It is noted that in the conditional comparative rating of the western region of Ukraine on the effectiveness of all indicators the first place is occupied by Lviv region. The main internal and external threats to the financial security of the Lviv region are analyzed and presented. The strengths of the Lviv region have been highlighted, which will serve to improve the situation. The obtained results of the research can be implemented in the activities of state structures of Lviv region in terms of making adjustments to the organization of the system of financial and economic security of the region.

МЕХАНІЗМ ВПРОВАДЖЕННЯ ЦИФРОВИХ ТЕХНОЛОГІЙ У СИСТЕМУ ГРОШОВОГО ЗАБЕЗПЕЧЕННЯ ВІЙСЬКОВОСЛУЖБОВЦІВ ЗБРОЙНИХ СИЛ УКРАЇНИ

The article deals with the areas of digital transformation of servicemen financial support system of the Armed Forces of Ukraine under martial law in accordance with the course of NATO standards implementation in the military sphere. The expediency of optimizing the procedure for calculating cash payments to servicemen by introducing digital technologies into servicemen financial support security system of the Armed Forces of Ukraine is substantiated. The solution of the problem requires a comprehensive approach and determination of the ways of reforming the Ukrainian digital space in order to create an online portal for the provision of social services for servicemen. In order to find ways to organize remote and operational access of servicemen to own financial information, a study of modern classical technologies (3.0+) and new technologies (4.0) was conducted. A number of digital transformation technologies of the system of financial support of the servicemen of the Armed Forces of Ukraine as promising directions of reforming the Ukrainian digital space have been identified. Based on the results of an analytical review of a number of regulatory and legal documents, the components of the financial support system of the Armed Forces of Ukraine in wartime conditions were clarified and, as a result, a model for the introduction of digital technologies was formulated according to the outlined directions of transformation. A mechanism has been defined that requires the improvement of the procedure for the organization of military financiers at all levels of military administration and their coordinated interaction with specialists of state institutions with the aim of introducing digital technologies to the Center for the Provision of Administrative Services of Ukraine.

ВПЛИВ ІНФОРМАЦІЙНОЇ ПОЛІТИКИ НА РІВЕНЬ ФІНАНСОВОЇ БЕЗПЕКИ УКРАЇНИ

The article is devoted to the study of the impact of information policy on the financial security of the state. The problem of information protection, ensuring an effective information policy in the conditions of intensification of the information war of the Russian Federation against Ukraine is actualized. It is proved that an effective information policy is able to protect the interests of citizens, business and the state in the information space, promote the devel-opment of information stability of society, counteract possible risks and threats. The calculated integrated indicator of Ukraine's financial security testified to its dangerous level and the need to increase it. In this aspect, an effective information policy that enables citizens, businesses and the state to resist the dangers and threats that may cause financial damage, identified as one of the main components of the system of financial security of the state. The hypothesis of the relationship between the level of efficiency of information policy and the level of financial security of the country was confirmed in the study by applying such methods as rationing, quantization, indicator method, methods of correlation-regression and integrated analysis. At the same time, the evaluation of the effectiveness of Ukraine's information policy was carried out on the basis of the definition of an integrated indicator, the calculation of which was based on such global indices as Press Freedom Indeх, Social Progress Index, EGDІ, Global Innova-tion Indeх. The conducted correlation-regression analysis showed the connection of medium closeness between the level of efficiency of information policy and the level of financial security of Ukraine. Given the active spread of misinformation in the information war, the strategic directions of information policy implementation in the context of increasing the level of financial security of Ukraine are substantiated. First of all, it is the development of a national information infrastructure capable of counteracting external and internal risks and threats, ensuring the protection of national interests, including economic ones. At the same time, the effectiveness of the measures to be implemented is possible only if they are comprehensive and systematic.

The mechanism of financial diagnostics: financial analysis and its place in the system of financial and economic security of enterprises

The mechanism of financial diagnostics: financial analysis and its place in the system of financial and economic security of enterprises

Research methodology in the system of financial and economic security

The purpose of the article is to form a methodology of scientific research in the system of financial and economic security. Methodology. The scientific works of scientists in the study of financial and economic security are the theoretical and methodological basis of the study. To achieve the study’s purpose, the following research methods were used: theoretical generalization – the essence and main components of the system of financial and economic security; methods of positive and normative analysis – to make recommendations on the methodology of scientific research in the system of financial and economic security. Results. Research in the financial and economic security system has been proven to be carried out in five areas. Among the areas of research of the system of financial and economic security are dangerous processes and phenomena occurring in the world economy that can negatively affect the economic security of Ukraine; the level of stability, protection of interests, and opportunities of the national economy to counteract the negative impact of the crisis of the world economy; the state of economic security of Ukraine and trends in the development of adverse factors in the national economy and the formation of mechanisms to counter them; the state of economic security of economic entities, external and internal factors of dangers and threats to economic security; features of the organization of the system of economic security of enterprises, the activities of the subjects of its provision and their use of techniques and technologies that make it possible to ensure economic security. The basic principles of research methodology in the system of financial and economic security have been provided. The principles of research methodology in the system of financial and economic security include the principle of conformity (responsible for building a system of definitions of basic concepts, axioms based on these definitions, theorems of the theory of economic security); the principle of additionality (allows the establishment of the place of the theory of economic security in the structure of economic science); the principle of hierarchical goals (ensuring the security of the upper level of the economic system is a condition for ensuring the economic security of the lower level of the economic system); the principle of relative independence of horizontal goals, methodological consistency, spatial consistency. Indicative, resource-functional, and program-target have been proven to be among the methodological approaches to the study of the system of financial and economic security. Practical significance. The methodology of scientific research in the system of financial and economic security, which can be used by applicants and scientific and pedagogical workers of higher education, is provided. Prospects for further research. Selection of the optimal methodology of scientific research in the formation of the system of financial and economic security.

ФОРМУВАННЯ СИСТЕМИ ЗАБЕЗПЕЧЕННЯ ФІНАНСОВОЇ БЕЗПЕКИ БАНКІВСЬКОГО СЕКТОРУ

Анотація. Визначено передумови і значущість формування системи забезпечення фінансової безпеки банківського сектору (ФББС) національної економіки. Виявлено недоліки сучасного висвітлення зазначеної проблематики. Висвітлено підходи до формування системи забезпечення ФББС. Критично проаналізовано погляди дослідників на забезпечення ФББС, що містяться в економічній літературі й дисертаціях із цієї проблематики. Виявлено, що нерозкритими залишаються питання з’ясування конкретних об’єктів забезпечення безпеки банківської діяльності; забезпечення ФББС часом обмежується лише формуванням, реалізацією і розвитком його стратегії, яка не враховує всю сукупність щільних зв’язків різних економічних агентів, їхніх різноманітних утворень і державних органів, секторів національної економіки, а також наявні розбіжності їхніх економічних / фінансових інтересів; не береться до уваги деструктивний вплив ендогенного середовища функціонування банківського сектору. Представлено авторське визначення системи забезпечення ФББС як: органічного поєднання забезпечувальних підсистем, що безперервно формуються на стійкій плановій основі суб’єктами системи для досягнення її цілей, виконання поставлених завдань концептуального / стратегічного характеру за об’єктно-орієнтованим підходом до забезпечення ФББС; комплексу оптимально альтернативних і скоординованих упереджувальних, поточних і коригувальних заходів. З’ясовано, чим визначається дієвість такої системи. Визначено, що формування й подальше функціонування системи забезпечення ФББС має здійснюватись на основі відповідної концепції, стратегії, політики, пріоритетів і поточних заходів, обґрунтованого визначення цілей і завдань такої системи, її предмета, об’єктів і суб’єктів, принципів формування й функціонування, механізмів, методів та інструментів забезпечення ФББС, визначення резервів підвищення її рівня; якісних забезпечувальних підсистем системи забезпечення ФББС. Наведено авторське бачення складових формування системи забезпечення ФББС. Ключові слова: фінансова безпека, система забезпечення фінансової безпеки банківського сектору, засади формування системи забезпечення фінансової безпеки банківського сектору, мета, завдання, об’єкт, суб’єкт, банківський сектор. Формул: 0; рис.: 1; табл.: 0; бібл.: 12.

Theories and Methods Involved in the Interpretation and Assessment of the Financial Security of the State in the Context of Socio-Economic Transformation

Theoretical and methodological tools for determining and assessing financial security have been deepened. An analysis of the publications of Ukrainian scholars on approaches to the interpretation of the concept of “financial security”, including the definition of components of financial security, which shows that most often it is allocated to budget security. A matrix of approaches to determining the components of financial security. The essence and nature of budget security are determined, it is shown that budget security is the main component of financial security, which indicates the importance of budget policy in the system of financial security of the state. The author’s definition of financial security of the state as a state of stability and stable protection against threats in the budget sphere, which is characterized by ensuring the solvency of the state and a high level of budget, debt, banking, currency, monetary security and is achieved through effective fiscal policy.
 Based on the Guidelines for calculating the level of economic security of Ukraine of the Ministry of Economic Development and Trade of Ukraine from 2013, 6 indicators (sub-indices) of economic security of Ukraine for 2016–2018 were calculated (banking security, security of non-banking financial sector, debt security, currency security, monetary credit security and budget security), as well as an integrated indicator of financial security of Ukraine. The results of calculations show that the financial security of Ukraine in 2016–2018 was at a dangerous level, which confirms the need to form and implement a set of policy measures to support it.