The problems of the enterprises' financial security (original) (raw)
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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
Financial Security of Enterprises
Procedia Economics and Finance, 2015
Financial security of enterprises is one of major components of the national security of any country, because the enterprises are tax payers, which are forming the revenue side of the budget and creating workplaces. Level of wages, purchasing power of the population, unemployment rate and gross domestic product depends on their financial condition. In addition, companies provide the population with goods, including basic necessities. Therefore, we need to control the financial condition of enterprises constantly to avoid the financial crisis and the subsequent bankruptcy. It is necessary to know the methods and metrics of assessment, the factors that affect financial security and the levels of financial security to conduct financial security assessment.
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 ...
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"
Assessment of Risks in Conditions of Provision of Security of Economic Activities of Organizations
Journal of Security and Sustainability Issues, 2019
The study of the evolution of the economic security of the business entity has shown that at the present stage of economic development it is important to consider the factors of influence on economic security, in particular: the effectiveness of management, personnel and financial safety, a strategic approach to the functioning of the communication system of protection, taking into account the evolution of security and active search for innovative modern domains of development of industrial organizations and increase of the responsibility of performers for the consequences of their work. This allows to reduce the risk of loss of economic safety of the business entity. It was argued that innovative conceptualization of risk as a probable threat of losses lies within the scope of activity of managers of various units and has features of probable economic and objective-subjective nature, as well as a wide range of variability of the impact on the issues of economic safety and is conditioned by the dynamic development of important societal significant economic processes at the global and national levels, which ultimately contributes to enhancement of the organization's competitive advantages.
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 essence and phases of the comprehensive system of ensuring the economic security of enterprise
International Journal of Learning and Change, 2017
In present conditions of instability of the environment, entrepreneurs assume the most of the business risks. In this regard, problems of ensuring the economic security become particularly important. The comprehensive system of ensuring the economic security of enterprise was worked out and the results are presented in the article. This system is able to ensure enterprise efficient operation and sustainable development based on implemented set of measures. Four main phases of economic security are identified: planning; monitoring of external and internal environment; identification and implementation of measures to respond to threats; and the control and improvement of the system. Suggested recommendations of strengthening each functional component of economic security can be taken into account by the management of enterprise. Implementation of the proposed mechanism of ensuring the economic security of enterprise serves as a basis to achieve its strong economic performance and development of the economy as a whole.
The model of eight cases in the dynamic assessment of an economic entity financial security
2016
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.
Origin and Definition of the Category of Economic Security of Enterprise
9th International Scientific Conference “Business and Management 2016”, 2016
This article aims to reveal the essence of the economic security of enterprise, the origin of this concept. This study is necessary due to the difference of interpretations of the economic security. By analyzing and systemizing results of scientific studies, there can be distinguished five main approaches to its definition. Main threats that affect enterprises are identified and presented. Uncertainty and changeability of external and internal environments, under which enterprises operate, makes the topic relevant. At the present time, economic security of enterprise is an important factor of improving its economic condition and ensuring its sustainable development.
Theory of SMEs financial risk prevention and control
With the rapid development of market-oriented economy, the SMEs face more and more fierce market competition. Financial risk exists everywhere which can't be avoid and has a certain influence on their production and management. The SMEs need to make a full understanding of the characteristics, the present situation and the causes of financial risk in order to survive in the market competition and put forward effective prevention and control measures, and thus lower the possibility of occurrence of risks to ensure their development. This article analyzes the importance and characteristics of enterprises at first, and then studies the present finance of our county enterprises and the causes of these risks, and finally discusses the prevention and control measures of enterprises financial risk.