Financial Security of Enterprises (original) (raw)
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The problems of the enterprises' financial security
Харків: ХДУХТ, 2015
Financial ability of the enterprise to effective functioning and development is determined by the stability to negative menaces influencing its potential, characterizing the level of its financial protection. This makes the entrepreneurs pay more attention at the problem of providing financial safety of the enterprise. The authors in the article consider the main approaches to the essence of the financial safety of the enterprise, that allowed suggest own definition. The main condition for the achievement of the enterprise’s financial safety is its ability to resist the menaces, which can do financial harm to the enterprise. The essence of the menaces as the forms of dangers is considered in the article; the menaces to the enterprise’s financial safety are systematized; the corresponding generalized classification is proposed. The necessity of objective and unprejudiced assessment of the enterprise’s financial safety with the aim of timely diagnostics and the menaces prevention as well as elaboration of adequate and effective strategy of managing financial safety of the enterprise are proved in the article.
The Concept of Assessing the Level of the Enterprise Economic Security
Revista Gestão Inovação e Tecnologias, 2021
Several problems can be identified in assessing the economic security of organizations. Most of the developed techniques in this area involve the assessment of the financial component of economic security using methods for assessing the probability of the bankruptcy of the enterprise. At the same time, there are no unambiguously recommended evaluation methods; often enterprises are limited to any one complex methodology. Any evaluation of the financial component of the security is reduced to the cost-benefit analysis and evaluation of balance sheet liquidity and the financial stability of the organization, without the formation of an integral indicator. This approach does not consider the nature of internal processes and assesses the final impact of these “processes” on the indicators of financial statements (based on which the assessment of the financial component of economic security is formed). Also, one of the problems of assessing economic security using mathematical models is ...
Baltic Journal of Economic Studies, 2017
The purpose of the paper is to the performance of the evaluation of the financial safety of the enterprise. To achieve the stated aim it has been necessary to solve the following tasks: to use the approaches as to the evaluation of the financial safety of the enterprise, to introduce the analysis system of the financial safety of the enterprise, to consider the structural logical scheme of the analysis procedure of the financial safety of the enterprise, to give the description of the integral indicator of the financial safety of the enterprise; to evaluate and compare companies in the paltry industry according to the level of their financial safety. Methodology. Methodologial basis of the research are the scientific methods, such as : method of logical generalization, dialectical method of recognition of the economic phenomena-to give the definitions of «economic security of the enterprise», «financial security of the enterprise», grouping method, analysis which were used to estimate indicator position of the financial security of the poultry company, graph method which was applied to compare integral estimation of the enterprise;methods of synthesis, deduction, induction, method of the expert estimation to calculate and implement integral marker of the financial security of the poultry company;method of the correlation analysis which was used to identify weight coefficients of the all sided figures of the solvency , business activity, profitability, financial steadiness, pay ability. The priority in methods using was defined by the particular tasks and goals. Results of the research showned into a wide set of the ways of financial enterprise safety as a component of economic security of the state. There is an evaluation of enterprise financial safety on the basis of calculations of integral indicator, including combined indices of profitability (unprofitability), pay ability or the lack of that, business activity (fading), financial steadiness (unsteadiness), efficiency (inefficiency) of the property state. Finally, the given work presents the system of financial safety of the enterprises, including the agents of financial security and subsystems of management to provide financial safety of the enterprises. Practical implications. The given methodology of the integral estimation of the enterprise financial security on the basis of all sided markers of the profitability, financial steadiness , business activity has been implemented successfully into production Joint Venue 'Kyiv Poultry Farm'. Value/originality calculations are done on the basis of the introduction of the personal formula of the integral estimation of the financial security of the enterprise as a component of economic security of the state
Enterprise financial security as a component of the economic security of the state
Investment management & financial innovations, 2018
The article deals with problems of economic and financial security ensuring both in companies and state. The Corruption Perceptions Index has been analyzed as one of the most important indicators in this sphere. The following research methods have been used: generalizing theoretical knowledge, comparison method, method of analysis and synthesis, statistical analysis, factual analysis. The authors give their own definitions to such concepts as "security", "financial security of the enterprise", "economic security of the enterprise". There have been also systemized the threats to the economic security of the enterprise, as well as means of its strengthening. The rating of Ukraine according to the Corruption Perceptions Index has been identified. Also, the perspectives of future research have been defined. Ganna Blakyta (Ukraine), Tetiana Ganushchak (Ukraine) BUSINESS PERSPECTIVES LLC "СPС "Business Perspectives"
The model of eight cases in the dynamic assessment of an economic entity financial security
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Among various types of enterprise security, the financial security constitutes the most important one. It can be explained by the fact that all the problems an enterprise deals with should be looked at from the point of view of finances, as all the enterprise activities have its reflection in them. In the market economy finances became a verifier whether the activities taken up by an enterprise are right and effective, both currently and in the future. Financial security became an important value each enterprise aims to achieve and then sustain, improve and guarantee. The purpose of this paper is to present a possibility to use the model of eight cases in the dynamic assessment of financial security of an economic entity. Analysis of the literature on the subject and the case study of an economic entity whose financial data were used to assess the financial security belong to the methods used in this publication.
Methodology of Forming Model for Assessing the Level Financial Security
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A map of a multi-level algorithm for assessing financial security has been developed, the use of which determines the feasibility of applying operational, tactical and strategic anti-crisis measures. It is proved that the effectiveness of anti-crisis measures substantially depends on information support, the formation of which at the proper level is possible when applying the developed model for assessing the financial security of an enterprise. The use in the model of quantitative and qualitative indicators characterizing the main parameters of the financial activity of the enterprise, allows to characterize the level of security and forms the analytical basis for the adoption and implementation of the most appropriate anti-crisis measures. Using an expert assessment, the main indicators for assessing the financial security of the enterprise are identified.
Determinants of enterprise's financial security, 2024
Our main purpose of the article was to substantiate the methodical approach to assess the enterprise's financial security based on the use of a model set for determining its parameters depending on the characteristics of financing activities and the associated level of risk. The proposed approach created opportunities to determine the parameters of the enterprise's financial security on the scale "level – status – position – zone" in the process of current and strategic management of not only financial security, but also the success of the enterprise as a whole. Based on the financial statements of Ukrainian enterprises by type of economic activity, the key financial indicators calculated and the parameters of their financial security over the past 9 years were determined. The research confirmed the decisive impact on the enterprise's financial security, the features of financing their activities, and the associated risk level. The practical use of the proposed approach proved that it is a convenient, understandable and informative tool for determining the parameters of the enterprise's financial security by the major indicators: Financial stability, liquidity, profitability, and activity financing risk.
Assessment of Economic Security of Enterprises: Theoretical and Methodological Aspects
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The main objective of the study is to formulate a new approach of assessing economic security for industrial enterprises, indicating a different approach from existing ones, to allow for the very specifics of economic activity, and to allow the use of qualitative and quantitative indicators. We justified that the effectiveness of ensuring the economic security for industrial enterprises is determined by the quality of the information basis for the actions of security entities. A methodological approach is proposed that provides for the determination of the security level at three levels: “indicator – functional component – financial indicator” and allows to obtain reliable information about the economic security of oil and gas, engineering and food industries by taking into account the specifics of their economic activities.
COMPREHENSIVE SYSTEM OF FINANCIAL AND ECONOMIC SECURITY OF THE ENTERPRISE
International Journal of Management (IJM), 2020
The article considers the main aspects of the formation of a comprehensive system of financial and economic security of the enterprise. It is revealed that the financial and economic security of the enterprise is its ability to ensure stability in both current and future periods, to minimize and neutralize the impact of risks, threats and dangers. It is established that the basis of a comprehensive approach is to achieve financial stability of the enterprise, its protection from the negative effects of internal and external threats. That is, the complexity of the system of financial and economic security of the enterprise is realized through the integration of a set of measures, the mechanism of their generation and provision. The article describes the method of building a system of the comprehensive evaluation of the system of financial and economic security of the enterprise, using the tree of goals and the tree of assessments. It is shown the ability to relate specifically defined values and explore the nature of their interdependence to be able to choose the best option to achieve the expected result.
The creation process for methods of financial situation of enterprises
2016
Monitoring of a financial situation of enterprises is highly significant, what was proved by the latest world financial crisis. Such a monitoring will allow early identification of a threat, and thus undertaking preventive actions, which will protect from loses that may lead to a bankruptcy. Therefore, it is so significant to employed the verified analytical tools. The aim of the article is to present the methods of monitoring the financial situation of the company and directions for further research in this area. As part of the presents the essence of indicator analysis, with the release of its application to the quintessential area, namely financial liquidity. In the later part of the study are shown the directions of the development of new methods for monitoring the financial situation of the business entities that require further research.