Ensuring the Economic Security of Economic Entities Through the Development of the Corporate Business Environment

Abstract

Aim. The presented study aims to examine conceptual provisions for the formation and development of the corporate business environment to substantiate its increasing impact on the tools and methods used in solving management problems associated with ensuring the economic security of economic entities.Tasks. The authors determine the relationship and mutual influence between the corporate business environment and the management process aimed at ensuring economic security; identify the most significant components of the corporate business environment, focusing on corporate culture and commercial confidentiality; characterize the directions of government influence on the improvement of the corporate business environment to enhance the economic security and competitiveness of domestic economic entities in the national and global markets.Methods. This study analyzes scientific approaches to understanding the essence and content of the corporate business environment as well as its impact on the economic security of economic entities. The results of the analysis indicate the increasing influence of economic security on the engagement of economic entities in the formation of an effective corporate business environment.Results. The authors propose to modify the process of ensuring a high level of economic security so as to reflect the integrated interests of a wide range of economic entities related to each other both directly and indirectly. They also determine directions for the government’s stimulating influence on the improvement of the corporate business environment and the economic security of economic entities.Conclusions. The conducted study of economic security and the corporate business environment indicates a stable, direct, and inverse relationship between them. This makes it possible to formulate conceptual proposals for improving management in the field of the development of economic entities and increasing their efficiency based on economic security.