Assessment Of The Level Of Financial Security Of Machine-building Enterprises Of Zaporizhzhia Region With The Help Of Integral-rating Method

In the deepening of the financial crisis, enterprises are trying to implement an effective anti-crisis policy. The financial system as a source of accumulation of modern crisis phenomena, which are spreading further to all spheres of the economy, generally require the formation of new instruments to ensure their financial and economic security. The constant increase in the riskiness of economic activity may entail a significant decrease in the level of financial stability and solvency of the enterprise, and in the future lead to bankruptcy, and requires each business entity to create a perfect system of financial and economic security. To assess the financial security situation at specific enterprises, not all financial and economic indicators that are used can be applied, but only those that most closely meet the requirements and most reflect the results of financial and economic activity, and, if possible, do not contradict each other. The modern business environment highlights the issues of ensuring financial and economic security. Proper assessment of it, as well as diagnostics of the financial condition of enterprises is a priority task for ensuring sustainable development and operation of the enterprise. Market conditions require enterprises to improve production efficiency, competitiveness of products and services based on the implementation of scientific and technological progress, effective forms of management and enterprise management, enterprise activation and so on. So, the role of diagnostics of a financial condition is great enough. Diagnostics of the financial security of an enterprise is an analytical assessment of all the functional components of safety from the standpoint of achieving the highest possible level of protection against internal and external threats, aimed at making effective management decisions and developing a financial security strategy. With the help of diagnostics of the company's financial security, the article will assess the level of financial security of machine-building enterprises in the Zaporizhzia region using the integrated-rating method

Управління загрозами фінансовій безпеці підприємства

Розроблено блок-схему алгоритму управління загрозами фінансовій безпеці підприємства; виділено основні етапи здійснення цього процесу: оцінювання, аналіз та управління. Визначено сутність, зміст, переваги та недоліки застосування методів оцінювання загроз фінансовій безпеці в системі фінансового менеджменту підприємства. Ключові слова: підприємство, фінансова безпека, загрози, оцінювання, аналіз, управління.Составлена блок-схема алгоритма управления угрозами финансовой безопасности предприятия. Выделены основные этапы осуществления данного процесса: оценивание, анализ и управление. Определены сущность, содержание, преимущества и недостатки методов оценивания угроз финансовой безопасности в системе финансового менеджмента предприятия. Ключевые слова: предприятие, финансовая безопасность, угрозы, оценивание, анализ, управление.Enterprise financial security threats management main terms essence and contents were defined on the basis of financial and economic literature analysis and generalization: enterprise financial security threats management is a multistage process, which includes evaluation, management and analysis of enterprise financial security threats management; evaluation of enterprise financial security threats is a process of identification of threats influence on enterprise financial security; analysis of enterprise financial security threats is a process of threats identification, which influence on enterprise financial security. It is established that the majority of modern domestic and foreign scientists consider two groups of enterprise financial security threats estimation: qualitative or subjective (expert, probabilistic (concerning loss, favorable possibilities), consequences analysis) and quantitative or objective (statistical, analytical, rating, expense expediency, analogues, decision tree, normative). Comparative analysis of qualitative and quantitative enterprise financial security threats estimation enables to detect that use either of them has its own advantages and disadvantages. Some methods require using the considerable mass data and at the same time leave out of the account the time factor; others are insufficiently developed for using in the domestic economic conditions. Therefore the choice of the method is made only owing to the purpose of the enterprise financial security threats estimation. It is proved that the methods of the enterprise financial security threats management could be divided into three groups: reduction, maintenance and transmission. Reduction of enterprise financial security threats level provides preventive management and logistical measures implementation as to unfavorable events in financial and economic activities prevention or negative consequences liquidation. As measures, implemented for enterprise financial security threats level maintaining, could be referred the following: getting loans on compensation for losses, which enterprise got as a result of unforeseen, unfavorable events in its financial and economic activities, resumption of output production (goods, works, services) with the help of finance and credit establishments activities, government grants etc. Keywords: enterprise, financial security, threats, evaluation, analysis, management

Управління загрозами фінансовій безпеці підприємства

Розроблено блок-схему алгоритму управління загрозами фінансовій безпеці підприємства; виділено основні етапи здійснення цього процесу: оцінювання, аналіз та управління. Визначено сутність, зміст, переваги та недоліки застосування методів оцінювання загроз фінансовій безпеці в системі фінансового менеджменту підприємства. Ключові слова: підприємство, фінансова безпека, загрози, оцінювання, аналіз, управління.Составлена блок-схема алгоритма управления угрозами финансовой безопасности предприятия. Выделены основные этапы осуществления данного процесса: оценивание, анализ и управление. Определены сущность, содержание, преимущества и недостатки методов оценивания угроз финансовой безопасности в системе финансового менеджмента предприятия. Ключевые слова: предприятие, финансовая безопасность, угрозы, оценивание, анализ, управление.Enterprise financial security threats management main terms essence and contents were defined on the basis of financial and economic literature analysis and generalization: enterprise financial security threats management is a multistage process, which includes evaluation, management and analysis of enterprise financial security threats management; evaluation of enterprise financial security threats is a process of identification of threats influence on enterprise financial security; analysis of enterprise financial security threats is a process of threats identification, which influence on enterprise financial security. It is established that the majority of modern domestic and foreign scientists consider two groups of enterprise financial security threats estimation: qualitative or subjective (expert, probabilistic (concerning loss, favorable possibilities), consequences analysis) and quantitative or objective (statistical, analytical, rating, expense expediency, analogues, decision tree, normative). Comparative analysis of qualitative and quantitative enterprise financial security threats estimation enables to detect that use either of them has its own advantages and disadvantages. Some methods require using the considerable mass data and at the same time leave out of the account the time factor; others are insufficiently developed for using in the domestic economic conditions. Therefore the choice of the method is made only owing to the purpose of the enterprise financial security threats estimation. It is proved that the methods of the enterprise financial security threats management could be divided into three groups: reduction, maintenance and transmission. Reduction of enterprise financial security threats level provides preventive management and logistical measures implementation as to unfavorable events in financial and economic activities prevention or negative consequences liquidation. As measures, implemented for enterprise financial security threats level maintaining, could be referred the following: getting loans on compensation for losses, which enterprise got as a result of unforeseen, unfavorable events in its financial and economic activities, resumption of output production (goods, works, services) with the help of finance and credit establishments activities, government grants etc. Keywords: enterprise, financial security, threats, evaluation, analysis, management

Impact of innovative activity on the economic security of the enterprise

The article deals with issues related to the assessment of the economic security level taking into account the innovative activity of the enterprise. The relevance of the problem of increasing the degree of economic entities protection in modern conditions with high competition is reflected. The main components that form the economic security of the organization are listed, and their brief characteristics are given. Besides, the article presents the author's step-by-step procedure for assessing the economic security level. Special attention is paid to the impact of effective innovation on the economic security level of the enterprise. The mathematical calculation for determining the economic security level is shown in more detail on the example of the technical and technological direction of the enterprise, which involves active innovation. The resulting calculations prove the high impact of successful innovations on the economic security of an economic entity due to the priority of this area of activity, as well as the possibility of extracting a significant share of profit. Thus, the article proves the statement about the feasibility of evaluating the innovative potential of the enterprise, as well as analyzing the level of its compliance with the requirements of external and internal environments

The Labour Market Effect of Social Security in Germany

This paper investigates the relationship between social security and laobour market in Germany and calculates the regression relation among social security expenditure,social security contribution,enterprise investment and unemployment rate.The results Indicated that the labour market has a closed relevance with social security. Reducing the social security contribution of enterprise is an important means to control the unemployment.And the proper level social security expenditure is the most crucial factor to keep the beneficial cycle between social security and laobour market . Key words: Social Security Contribution; Social Security Expenditure; Labour Marke