Methodical Approach to Assessing the Level  of Construction Company Financial Security

Kondratenko, N. O.; Kovalenko, Lyudmila; Novikov, Dmitry A.; Gnatenko, M. K.

doi:10.18371/fcaptp.v2i29.171902

Cited by 3 publications

(2 citation statements)

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“…Теоретичним та практичним аспектам управління економічною безпекою підприємств будівельного комплексу України присвячено багато праць представників наукової спільноти та практиків. Серед них: В. Андрієнко [1], Н. Богдан [2], В. Дмитренко [3], К. Дяченко [4], Н. Кондратенко [5,6], Н. Пархоменко [7], О. Попело [8] та ін.…”

Section: Theoretical Methods Of Forming the Organizational Mechanism ...unclassified

Theoretical Methods of Forming the Organizational Mechanism of Management of Economic Security of Construction Enterprises

Borovyk,

Zaporozhets,

Voloshan

2023

SNOAE

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The theoretical bases of the formation of the organizational mechanism of management of economic safety of construction enterprises are generalized. It was noted that the current state of construction enterprises in war conditions has revealed many problems with regard to the efficiency of the use of basic funds, innovative activity and the level of automation of technological processes in the poor. All these problems significantly affect the level of provision and management of economic safety of construction enterprises. It is determined that the organizational mechanism of management of economic safety of the construction enterprise should include the interaction of two subsystems: management, which affects the level of economic security of the building enterprise, and subordinate, on which this influence is directed. Functions of the economic safety management system of the construction enterprise ensure the interaction of these systems. It was noted that the management mechanism of economic safety of the construction enterprise should ensure the development of the basic principles of the management system, the creation of the economic security service at the enterprise, the collection of necessary information and supervision of compliance with the planned indicators. On the basis of the definition of the main elements of the organizational mechanism of management of economic safety of the construction enterprise, the conclusion was made that the organization mechanism is a set of organizational components in the management mechanism (objectives, functions and tasks of management, technologies and methods of management; rules, norms and principles; organizational processes), which have a certain management influence on ensuring economic security and preserving the commercial interests of the business entity. Defined directions of the organization of the process of management of economic security, as well as requirements to the organizational structure of management. It was concluded that the formation of an organizational mechanism for the management of economic safety of construction enterprises will enable them to provide stable work, to conduct timely identification and prevention of threats, to determine their impact on enterprise activities, to take management decisions promptly to prevent or eliminate the risk of threat.

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Section: Theoretical Methods Of Forming the Organizational Mechanism ...unclassified

Theoretical Methods of Forming the Organizational Mechanism of Management of Economic Security of Construction Enterprises

Borovyk,

Zaporozhets,

Voloshan

2023

SNOAE

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“…Питання забезпечення фінансової безпеки країни, підприємств та організацій розглядалися у наукових працях вчених-економістів та практиків. Серед них: М. Єрмошенко [5], Н. Кондратенко [6], І. Нартова [7], Л. Некрасенко [8], Г. Портнова [9] та ін.…”

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Components of Financial and Economic Security of Subjects of Government

Khalina,

Bilanchuk

2023

SNOAE

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The article defines the components of financial and economic security of economic entities. It was noted that the formation of the system of financial and economic security of economic entities depends on many factors of the external and internal environment, the main among which are: war, unfavourable macro-economic conditions, underdevelopment of markets, information danger, unfair competition, reduction of investment attractiveness, outflow of qualified personnel, etc. It is understood that the system of financial and economic security of the entity consists of a combination of interrelated structural elements and measures that ensure the achievement of strategic and tactical goals of the enterprise’s economic and financial security and its ability to predict, prevent and overcome the negative consequences of destabilizing external and internal threats and risks both in the current and future periods. A conceptual model of financial and economic security of the entity is proposed. It was established that the achievement of a stable financial situation for enterprises is one of the most important problems of ensuring economic growth. Therefore, special attention in the formation of the FEB system of the entity needs constant monitoring of its financial and economic condition. It has been proven that the effectiveness of business entities depends to a large extent on how well they work in an unstable and competitive environment, under the influence of both internal and external factors. Identification and generalization of the components of financial and economic security of the enterprise will allow to introduce modern technologies of management of FEB. It was concluded that financial and economic security is one of the important components of ensuring economic security of the entity. Thus, the formation and functioning of the operational system of financial and economic security of economic entities should take place taking into account the requirements and properties of enterprises, and be aimed at the comprehensive ensuring of its stability.

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Assessment of the level of financial and economic security at machine-building enterprises: evidence from Ukraine

Череп

Babmindra

Khudoliei

et al. 2020

Problems and Perspectives in Management

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Determining the level of financial and economic security of an enterprise allows assessing the real possibilities to confront internal and external challenges and defining the potential for future development. To develop proposals on assessing this level, the study uses data on machine-building enterprises of Zaporizhzhia region (Ukraine) and applies integral method, regression analysis and normalization. The expert evaluation method was used to form the system of key parameters. The experts were economists, the accounting departments’ and the economic security departments’ members of the studied enterprises. The experts selected six indices that they consider to be the most representative of the financial and economic security of an enterprise. These parameters were used to calculate the integral indicator of the level of financial and economic security of enterprises. Harrington’s approach was used to group enterprises according to their level of financial and economic security (very high, high, steady, satisfactory and unsatisfactory). The calculations have shown that the integral indicator of financial and economic security of the enterprises of Zaporizhzhia region ranged from 0.32 to 0.66 for the period 2014–2018. It was justified that along with the support of financial stability, solvency, business activity, profitability, investment attractiveness and innovativeness and absent sharp changes in the environment, the level of financial and economic security of machine builders will increase from 0.4 to 11.9%. AcknowledgmentThe study was carried out within the framework of the state budget theme (state registration number 0117U000512), Establishment of Business Incubators on the Basis of Innovative Development and Ensuring National Financial and Economic Security (2017–2019), Faculty of Economics, Zaporizhzhya National University.

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Methodical Approach to Assessing the Level of Construction Company Financial Security

Cited by 3 publications

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Theoretical Methods of Forming the Organizational Mechanism of Management of Economic Security of Construction Enterprises

Theoretical Methods of Forming the Organizational Mechanism of Management of Economic Security of Construction Enterprises

Components of Financial and Economic Security of Subjects of Government

Assessment of the level of financial and economic security at machine-building enterprises: evidence from Ukraine

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