FINANCIAL STABILITY OF INDUSTRIAL ENTERPRISES AS THE MAIN CRITERIA OF THEIR ECONOMIC SECURITY

Authors

DOI:

https://doi.org/10.31891/mdes/2024-12-27

Keywords:

financial stability, industrial enterprises, financial security, economic security

Abstract

The article defines that ensuring the financial condition, increasing the financial stability of industrial enterprises depends on the chosen effective management approaches that have a positive effect on the formation of their financial and economic security. The modern conditions under which industrial enterprises operate and which have an extremely negative effect on ensuring their financial stability are characterized. In order to ensure and increase financial stability, it is necessary to form an effective financial management system with a defined risk management policy, adaptive tools and conduct a flexible policy for the implementation of financial security measures and plans. The specifics of the resource-oriented scientific approach to the relationship between financial stability and types of enterprise security are revealed. The main characteristics of the economic security of the industrial enterprise were studied, taking into account the risk-oriented approach. The specifics of the financial component of the system of forming the economic security of an industrial enterprise, which characterizes the balanced application of financial instruments, financial condition and financial stability, and the level of effectiveness of realization of financial interests, are detailed. Approaches to determining the level of financial and economic security and the basis for analyzing indicators of financial stability and financial stability of the enterprise are characterized. It has been proven that in order to effectively form the economic security of an industrial enterprise, it will be effective to use a comprehensive assessment of the financial condition with a defined system of indicators, selected criteria and taking into account the specifics of doing business. Features of financial stability in the system of ensuring economic security of an industrial enterprise are presented, which are mainly based on interaction and interdependence of functional components of financial management and components of the system of economic security formation.

Published

2024-06-27

How to Cite

KHRUSHCH Н. (2024). FINANCIAL STABILITY OF INDUSTRIAL ENTERPRISES AS THE MAIN CRITERIA OF THEIR ECONOMIC SECURITY. MODELING THE DEVELOPMENT OF THE ECONOMIC SYSTEMS, (2), 209–214. https://doi.org/10.31891/mdes/2024-12-27