scholarly journals SIMULATION OF THE INFLUENCE OF EXTERNAL FACTORS ON FINANCIAL SECURITY MANAGEMENT OF INDUSTRIAL ENTERPRISES

2021 ◽  
Author(s):  
Stepan Melnyk
Keyword(s):  
Methodological Approach ◽  
Security Management ◽  
External Factors ◽  
Financial Security ◽  
Industrial Enterprises ◽  
Political Events ◽  
Individual Enterprise ◽  
Partial Blocking ◽  
Terrorist Acts ◽  
The Impact

Business conditions, which are characterized by high turbulence of changes in the operating environment for all enterprises, have become significantly more complicated within the last year, which was catalyzed by the latest pandemic COVID19. In order to stabilize the situation and save the lives of citizens, a number of restrictions were applied, which also affected business activities. It is wrong to consider only this factor as the main one that affected the financial security of industrial enterprises. Other external factors for the formation of adequate protective redoubts should not be ignored. In addition, the specifics of the functioning of each individual enterprise, which is characterized by the excellent influence of macro-, meso- and macro-level factors, need attention. The aim of the study was to form a methodological approach to determining the impact of external factors on the management of financial security of industrial enterprises. To form a methodological approach to determining the impact of external factors on the management of financial security of industrial enterprises used methods: multi-criteria choice of alternatives based on a fuzzy relationship of preference - to determine the priority of the impact of individual factors on financial security; abstract-logical - for theoretical generalizations and conclusions of the study. External factors that most significantly affect the financial security of industrial enterprises include: the onset of the financial crisis and the rapid devaluation of the national currency; unpredictable political events; Military conflicts and terrorist acts; natural disasters and catastrophes (including the COVID19 pandemic); the emergence of a monopoly structure in the market; raider capture; application of trade and financial sanctions; full or partial blocking of bank accounts. The systematization of external factors influencing the financial security management of industrial enterprises has been carried out, which involves the application of the method of multi-criteria selection of alternatives based on a fuzzy ratio of advantages, which allowed to justify priority areas for improving financial security management. The obtained results create the necessary analytical basis for the improvement of the management system based on the introduction of adaptive and antisipative types of financial security management of industrial enterprises.

scholarly journals ASSESSMENT OF FINANCIAL SECURITY MANAGEMENT OF INDUSTRIAL ENTERPRISES

2021 ◽  
Author(s):  
Stepan Melnyk
Keyword(s):  
Organizational Structure ◽  
Evaluation System ◽  
Methodological Approach ◽  
Security Management ◽  
Visual Presentation ◽  
Economic Security ◽  
Financial Security ◽  
Industrial Enterprises ◽  
Methodical Approach ◽  
The Impact

Increasing the instability of Ukrainian enterprises, which requires increasing attention to solving the problem of ensuring the required level of financial security requires consideration not only of methodological aspects of creating and adjusting the subsystem in the economic security of the enterprise, but also forming approaches to assessing its management. To develop a methodological approach to assessing the management of financial security of the enterprise used methods: induction and deduction, comparison and systematization – in the study of the essential characteristics of the terms "efficiency" and "effectiveness"; synthesis and analysis – to identify and characterize the essence of the main approaches to management evaluation; morphological analysis – to clarify the list of indicators and determine the sequence of calculation of group indicators; graphic – for visual presentation of theoretical and methodical material; abstract-logical – for theoretical generalizations and conclusions of the study. A methodical approach to assessing the management of financial security of the enterprise, which provides for the gradual definition of individual indicators with their combination into groups of three components: financial security of the enterprise, evaluating the effectiveness of security entities and evaluating the effectiveness of organizational structure and resources. The developed approach is based on theoretical bases, which include: criteria for assessing the financial security of the enterprise; provisions on the interaction of structural units in the process of ensuring the financial security of the enterprise; requirements for input information; principles of formation and use of the evaluation system of financial security management of the enterprise. The formed methodical approach promotes achievement of the key purposes of an estimation: a reliable estimation of management of financial safety of the enterprise as a whole and in a cut of the basic components; determining the impact of factors on the change in the level of financial security, the effectiveness of the actions of security entities and the effectiveness of the use of organizational structure and resources; improving the evaluation process in accordance with changes in the main stages of financial security management of the enterprise and the provisions for ensuring the economic security of the enterprise.

scholarly journals Development of scientific and methodological approach to quantitative and qualitative assessment of intellectual property management in industrial enterprises

2021 ◽  
Vol 2 (13 (110)) ◽  
pp. 28-41
Author(s):  
Diana Raiko ◽  
Viktoriia Cherepanova ◽  
Ihor Sylka ◽  
Olha Podrez ◽  
Irina Fedorenko
Keyword(s):  
Intellectual Property ◽  
Quantitative Assessment ◽  
Methodological Approach ◽  
Market Value ◽  
Qualitative Assessment ◽  
Property Management ◽  
Industrial Enterprises ◽  
Intellectual Property Management ◽  
Intellectual Potential ◽  
The Impact

The competitiveness, market value and income of an enterprise depend on the level of intellectual property management. Therefore, the aim of research is to develop, substantiate and test a scientific and methodological approach to a quantitative and qualitative assessment of the management of intellectual property of industrial enterprises.  The originality of the proposed approach is that on the basis of the concept of "management of intellectual property" a procedure for current management has been developed, the main stage of which is a quantitative and qualitative assessment. The assessment is based on the structural and logical model, which is built according to two criteria. The criteria make it possible to determine the current state of the use of intellectual property (intangible assets) – a quantitative assessment, and the prospect of further use (intellectual potential) – a qualitative assessment. A quantitative assessment involves the calculation of indicators characterizing the state of assets, the dynamics of the impact on the market value of the enterprise, the profitability of production, which is proposed to be determined through the net cash flow from operating activities. A qualitative assessment is carried out in terms of components (information and investment, organizational and legal, economic, personnel and motivation), tools and relative indicators that characterize the intellectual potential of an industrial enterprise. The assessment is carried out using a general integral indicator, which is of practical importance, since it shows the existing level of intellectual property management and directions for improvement in the future. The approbation of the scientific and methodological approach was carried out on the example of three Ukrainian coke-chemical enterprises (CJSC Avdeevka Coke Plant, CJSC Zaporozhkoks, CJSC Yuzhkoks) of the American association SUNCOKE ENERGY, INC and the Polish association J.S.W. S.A. Group. Empirical studies for the period from 2015 to 2019 made it possible to build a scale for assessing the level of intellectual property management according to the Harrington function

scholarly journals Improvement of analytical support of economic security management of the agricultural enterprises

2021 ◽  
Vol 7 (3) ◽  
pp. 123-141
Author(s):  
Stanislav Vasylishyn ◽  
Oleksandr Ulyanchenko ◽  
Tetiana Bochulia ◽  
Yuliia Herasymenko ◽  
Oleksandr Gorokh
Keyword(s):  
Methodological Approach ◽  
Security Management ◽  
Business Environment ◽  
Economic Security ◽  
Practical Significance ◽  
Integral Approach ◽  
Accurate Information ◽  
Social Resource ◽  
Agricultural Enterprises ◽  
The Impact

Purpose. Under the conditions of strengthening of the destructive effects of the global economic crisis and the growing number of risks of agribusiness, there is a problem in finding the ways to improve accounting and analytical support as the only reliable source of the relevant and accurate information needed for economic security management. The purpose of the article is to substantiate the directions to improve the analytical basis as a component of accounting and analytical support of economic security management of the agricultural enterprises. Methodology / approach. The methodological basis of the research is a dialectical method of cognition of the complex economic phenomena. Consideration of the analytical support of complex management processes took place using a systematic approach, analysis and synthesis. Using an integral approach, a methodology for assessing and analyzing economic security of the agricultural enterprises is developed. This methodology approach includes the parameters of financial, social, resource and environmental security. Results. The analysis of the theoretical and methodological foundations of accounting and analytical support of economic security management showed a variety of the approaches to the choice of the indicators that describe the level of economic security. The situation is complicated by the need to analyze the information that may be relevant for management decisions in conditions of uncertainty. Under these conditions, it is proposed to implement a model of analytical support for economic security management under conditions of uncertainty and growing risks and threats to the business environment of the agricultural enterprises, which should be based on the use of general economic, statistical, integral and econometric approaches. It is determined that in the process of counteracting the risks and threats of the external and internal environment of the agrarian business the use of the integral methods of assessing economic security of the agricultural enterprises becomes crucial. It is substantiated that the most expedient in terms of achieving strategic goals of the enterprise, maintaining its competitive advantages and ensuring sustainable development is the use of integral assessment of economic security, which should be based on a synergistic approach to analysis of 25 indicators of financial, social, resource and environmental components. The approach was tested on the example of 24 agricultural enterprises of Kharkiv region (Ukraine) of crop specialization (2019). The model is also used to analyze the dynamics of the level of economic security under conditions of individual agricultural enterprises of different organizational and legal forms of management (2014–2019).  Originality / scientific novelty. According to the results of the research, a methodological approach to determination of the integral level of economic security of the agricultural enterprises has been improved, based on the impact of the indicators of its individual components, which, at the same time, improves the analytical support of economic security management and strengthens verification, forecasting, preventive, planning and control functions of accounting and analytical support of management mechanisms. Practical value / implications. The practical significance of the proposed approaches consists of the possibility of positioning the enterprises in terms of optimal, satisfactory, shaky and crisis economic security zones, as well as analyzing the dynamics of the integral level of economic security, which takes into consideration the causal relations of the key areas of the agrarian business under conditions of uncertainty.

Economic effects of non-additive development of industrial enterprises: an analytical review of the process and structural transformations

2021 ◽  
Vol 92 (1) ◽  
pp. 87-106
Author(s):  
Yaroslav Kudria
Keyword(s):  
Structural Changes ◽  
Methodological Approach ◽  
Industrial Sector ◽  
Structural Transformations ◽  
Economic Transformation ◽  
Economic Effects ◽  
Industrial Activity ◽  
Industrial Enterprises ◽  
Analytical Review ◽  
The Impact

The article presents a methodological approach to assessing the effects of non-additive development (NAD) of enterprises, which takes into account the impact of economic processes on the intensification of production activities of an enterprise and its socio-economic transformation. The author analyzed the current non-additive development of enterprises in the industrial sector of the Ukrainian economy by assessing the dynamics and identifying key trends depending on the main types of industrial activity. The results of the analysis were used to identify recent structural changes in the industrial sector.

scholarly journals Volatility transmission and spillover dynamics across financial markets: the role of geopolitical risk

2021 ◽  
Author(s):  
Ahmed H. Elsayed ◽  
Mohamad Husam Helmi
Keyword(s):  
Financial Markets ◽  
Dynamic Analysis ◽  
United Arab Emirates ◽  
Mena Countries ◽  
Static And Dynamic Analysis ◽  
Political Events ◽  
High Level ◽  
Terrorist Acts ◽  
The Arab Spring ◽  
The Impact

AbstractThis paper examines the effect of geopolitical risk (GPR) on return and volatility dynamics in Middle East and North African (MENA) countries by using an ADCC-GARCH model and a spillover approach. Unlike previous studies, we include the GPR index to capture risk associated with wars, terrorist acts, and political tensions. Moreover, we test for both static and dynamic analysis using a rolling window. In brief, the findings highlight that GPR does not contribute to the return spillovers among MENA financial markets. However, the dynamic analysis provides evidence of the high level of responsiveness of the total spillover index to major political events (e.g., the Arab Spring uprising and political tension between Qatar and other Gulf Cooperation Council countries). More interestingly, Qatar, Kingdom of Saudi Arabia, and the United Arab Emirates are identified as the main transmitters of return spillovers to the rest of the MENA markets. Overall, our results are essential in understanding the impact of the GPR on return spillover among MENA countries, and are of particular importance to policymakers, market regulators, portfolio managers and investors.

scholarly journals INFORMATION COMPONENT IN THE FINANCIAL SECURITY MECHANISM OF THE ENTERPRISE

2021 ◽  
Vol 116 (3) ◽  
pp. 98-107
Author(s):  
NOSOVA Yevheniia ◽  
MUHUIEV Kyryl ◽  
RUSINOV Volodymyr
Keyword(s):  
Risk Management ◽  
Information Security ◽  
Security Management ◽  
Indirect Costs ◽  
Risk Identification ◽  
Financial Security ◽  
Risk Minimization ◽  
Management Mechanism ◽  
Long Run ◽  
The Impact

Background. The digitalization of economic activity causes a large number of risks that threaten the financial security and continuity of enterprises. For some industries, electronic commercial information is the most valuable asset, without which the company cannot continue its business. Analysis of recent research and publications has shown that despite the availability of some scientific achievements, an important scientific and practical problem of the application of modern means of control and minimization of information risks and the potential consequences of information risks remains unresolved. The aim of the article is to substantiate the need to form a mechanism for managing information risks for a modern enterprise. Materials and methods. In the course of the research the methods of scientific abstraction, synthesis, generalization and systematization were used. Results. Modern enterprises cannot operate at a competitive level without the use of IT and access to information infrastructure, which increases the need to develop an adequate information risk management system. Such a system should contain four main components of risk management, aimed at: risk identification; risk analysis; risk minimization; risk monitoring. Thus, information security complements other components of the FS and ensures that they perform their functions through a comprehensive system of control and protection of information, which is operated by other components of financial security. Conclusion. The impact of information security on the company’s FS should be measured through the assessment of financial risks to determine the amount of direct and indirect costs of implementing a solution in the field of financial security management of the enterprise. The IS management mechanism ensures the functioning of the enterprise at a competitive level in the conditions of modern computerized information circulation. It is thanks to this mechanism that effective management of information resources and timely management decisions becomes possible. Without a well-established information security management mechanism, the company is vulnerable to external and internal threats, which in the long run may threaten its profitability and business continuity.

scholarly journals Digitization as an innovative segment of enterprise financial security management

VUZF Review ◽  
2020 ◽  
Vol 5 (3) ◽  
pp. 13-19
Author(s):  
Kotkovskyi Volodymyr ◽  
Vitalii Zaluzhny ◽  
Vitalii Kadala ◽  
Olena Guzenko ◽  
Maryna Bohatyrova ◽  
...  
Keyword(s):  
Mathematical Model ◽  
Security Management ◽  
Active Phase ◽  
Business Strategies ◽  
Financial Security ◽  
Security Assessment ◽  
Conceptual Apparatus ◽  
Digital World ◽  
Theoretical Generalization ◽  
The Impact

Today, the global trend of the digital world economy is entering an active phase of its development. In the leading countries of the world, the development of digital technologies, both at the state and corporate levels, has been begun to advance massively in government programs and business strategies. The substantiation of the role aspect of introduction of the process of digitization as an innovative element of improvement of the system of financial security management of representatives of the business sector of the economy is relevant. It is to investigate the impact of the digitalization system on improving the financial security management of enterprises in the process of improving the conceptual apparatus and develop an economic and mathematical model for evaluating financial security based on innovative proposals. To achieve this goal, we used the method of theoretical generalization to determine the conceptual apparatus of digitization and economic-statistical methods to substantiate the economic and mathematical model of assessing the financial security of enterprises. It is proposed to expand the conceptual apparatus of the system of financial security management of enterprises by introducing such definitions as «digitization of financial security», «digital base of financial storage» and «regulator of financial security». The authors’ position of the essential characteristic of the definitions is given and the advantages of their adaptation in the management cycle are stated. The feasibility of introducing the principle of «digitization of financial security» as one of the key elements of the innovative proposal of the system of financial security management of enterprises in the future is argued. An economic and mathematical model of financial security assessment based on the profitability criteria is developed and substantiated. A number of proposals have been made to improve the financial security management of enterprises based on individual segments of the digitization system.

scholarly journals THE STATE OF FINANCIAL ACTIVITY OF INDUSTRIAL ENTERPRISES AS A PREREQUISITE FOR CRISIS MANAGEMENT

2021 ◽  
Author(s):  
Yuliia Ohrenych ◽  
Oleksandr Hrytsenko
Keyword(s):  
Crisis Management ◽  
Financial Stability ◽  
Industrial Development ◽  
Market Competition ◽  
External Factors ◽  
Engineering Industry ◽  
Necessary Condition ◽  
Financial Activity ◽  
Industrial Enterprises ◽  
The Impact

The creation and further operation of any enterprise is aimed at making a profit, which in a market economy is not without the influence of a number of factors. In practice, these factors can be extremely diverse, ranging from market competition and, consequently, the constant need to modernize production, and ending with the political vicissitudes of the country, which often entails a change in the vector of industrial development as a whole. Maintaining the efficiency of financial activities, in conditions of constant external and internal factors of influence, is a necessary condition for the existence of each individual enterprise. Therefore, the analysis of factors and reasons for reducing the efficiency of financial activities of industrial enterprises is important for further decision-making on the implementation of anti-crisis management measures. The article analyzes the main trends of fluctuations in the financial activities of industrial enterprises of Ukraine on the example of PJSC "Zaporizhzhya Electric Locomotive Repair Plant". The key factors and reasons for changing the financial performance of the enterprise are identified. The influence of external factors on the reduction of financial efficiency is characterized. The analysis of a particular enterprise reflects the overall situation in the engineering industry of Ukraine, because each company is equally exposed to external factors on the financial condition, although it does not determine the methods of responding to external threats. The essence of the financial activity of the enterprise, the factors that determine it and the reasons for the impact of internal risks on the financial activities of economic entities are considered. The analysis of financial activity of the enterprise is carried out through a prism of indicators of profitability, liquidity, a condition of property, relative indicators of an estimation of financial stability and business activity. The necessity and expediency of anti-crisis management at an industrial enterprise have been established. The author identifies the main directions of improving the financial situation.

scholarly journals Analytical provision for managing innovation activities within the company considering the interests of stakeholders

2020 ◽  
pp. 25-39
Author(s):  
Oksana V. Portna ◽  
Natalia Yu. Iershova ◽  
Dina A. Tereshchenko ◽  
Tetyana Yu. Chaika ◽  
George Dubynskyi
Keyword(s):  
Innovation Policy ◽  
Methodological Approach ◽  
Analytical Data ◽  
Sustainability Reporting ◽  
Business Strategies ◽  
Industrial Enterprises ◽  
Innovation Activities ◽  
Managing Innovation ◽  
The Impact ◽  
A Company

The article covers the problem of analytical provision for managing innovation activities within a company, taking into account the interests of stakeholders — this is connected with the possibility of ensuring the competitiveness, assessment of innovation activities and choice of innovation strategy. The purpose of the study is to identify the conditions and trends of innovation activities within companies as well as to develop a methodological approach to the evaluation of their innovation activities on the basis of accounting and analytical data considering the interests of stakeholders. The study of the current state and general trends of innovation activities at enterprises was conducted in a logical sequence as follows: 1) the number of innovatively active enterprises, 2) the share of industrial enterprises among the innovatively active enterprises, 3) the estimation of the amount of financing and the level of expenditures on innovations and 4) strategic priority directions of innovation activities that allowed to identify and analyze barriers to the development of an effective innovation policy. This provided an opportunity to develop the structure of analytical provision for the system of managing innovation activities within a company as a logical chain of strategic results for achieving economic success. However, a number of limitations and risks were identified. The assessment of the impact of innovation on the economic, environmental and social efficiency of a manufacturing production process is argued to be based on systematic and structured accounting and analytical information and reflected in non-financial reporting (in particular, the G4 Sustainability Reporting). In view of this, we consider it advisable to supplement the sustainability reporting with the indicators that characterize the effectiveness of innovation management. The results of the study are relevant and useful for large and medium-sized enterprises in the context of ensuring the implementation of an innovation model of development as well as for conducting applied research in the field of business strategies to ensure sustainable company development

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