Scientific and Methodological Approach to Assessing the Level of Banks’ Financial Security

2020 ◽  
pp. 77-97
Author(s):  
Ihor Kulyniak ◽  
Solomiya Ohinok ◽  
Halyna Rachynska
Keyword(s):  
Methodological Approach ◽  
Financial Security

scholarly journals Improvement of Methodological Approaches to Determining Directions of Ensuring Financial Security of Insurance Companies of Ukraine

2021 ◽  
Vol 39 (5) ◽  
Author(s):  
Oleg A. Diegtiar ◽  
Olena A. Lutsenko ◽  
Liudmyla A. Polyvana ◽  
Tetiana A. Pushkar ◽  
Hanna A. Zhovtyak
Keyword(s):  
Methodological Approach ◽  
Financial Economic ◽  
Economic Security ◽  
Insurance Companies ◽  
Financial Security ◽  
Insurance Company ◽  
Insurance Sector ◽  
Destabilizing Factors ◽  
Methodological Approaches ◽  
Definition Of

Financial security of the insurance market significantly affects the financial, economic and social stability of society and should be included in the range of problems that are directly related to the issues of financial security of Ukraine. The main purpose of the article is to set out and solve the problem of improving methodological approaches to determining the directions of ensuring the financial security of insurance companies in Ukraine. The main functional tasks of financial security of insurance companies are identified. It has been proved that financial security is a component of economic security and a refined definition of this category has been provided. Destabilizing factors of influence on financial security of insurance companies have been identified and analyzed. A methodological approach to managing the financial security of an insurance company has been developed. A complex of proposals for the development of the insurance services market has been formed as a basis for strengthening the financial security of insurance companies. It was concluded that the insurance sector of Ukraine can actively develop provided that there is a clear theoretical and methodological justification of the toolbox, the implementation of a methodological approach to managing the financial security of the insurance company, taking into account all the problems and proposals for its continuous improvement and development in the changing conditions of the present.

scholarly journals Diagnostics of the State of Agricultural Enterprises Financial Security

2021 ◽  
pp. 52-60
Author(s):  
Olha Kovalenko ◽  
◽  
Liudmyla Yashchenko ◽  
Keyword(s):  
Financial Stability ◽  
Negative Impact ◽  
Methodological Approach ◽  
Developed Countries ◽  
The State ◽  
Financial Security ◽  
Net Income ◽  
Scoring Method ◽  
Agricultural Enterprises ◽  
Analysis Of Dynamics

In the conditions of rapid changes in the modern market environment, it is extremely important for agricultural enterprises to respond in a timely manner to threats to their financial security. Therefore, economic diagnostics is of significant methodological importance, and makes it possible to learn about economic problems and interpret the results of enterprises activity that have certain deviations from the norm or the state required for the enterprise. The subject of the study is a set of theoretical, methodological and practical aspects of diagnosing the state of financial security of enterprises. The purpose of the article is to diagnose the state of financial security of agricultural enterprises on the basis of the proposed methodological approach and to substantiate proposals for its improvement. The methodological basis of the diagnostics used in the study was: methods of theoretical generalizations, financial analysis, scoring method, analysis of dynamics and structure, linear programming. The article reveals the tasks and areas of management of Ukrainian agricultural enterprises with an emphasis on the protection of their specific financial interests – ensuring liquidity, solvency, financial stability, autonomy and others. For research purposes all Ukrainian agricultural enterprises were classified on the size of the net income. The system of indicators for diagnostics of financial security of the agricultural enterprises was offered. The basic structural elements of the mechanism of financial security management were substantiated. According to the diagnosis results, it was found that the state of financial security of large enterprises in 2018-2019 has deteriorated and it has had a negative impact on their solvency. Instead, the financial security of small and medium-sized enterprises has improved. Based on the experience of developed countries, proposals for public policy instruments to promote financial security of agricultural enterprises were proposed.

scholarly journals FINANCIAL SECURITY OF THE ENTERPRISE: AN ALTERNATIVE APPROACH TO EVALUATION AND MANAGEMENT

2021 ◽  
Vol 19 (02) ◽  
pp. 303-336
Author(s):  
Larysa Dokiienko
Keyword(s):  
Sunflower Oil ◽  
Financial Stability ◽  
Methodological Approach ◽  
Oil Production ◽  
Financial Statements ◽  
Security Level ◽  
Financial Security ◽  
Financial Indicators ◽  
Scientific Publications ◽  
Alternative Approach

Purpose – The main purpose of the article is to justify an alternative approach to assessing the level of financial security of the enterprises based on use the model of modified and adjusted financial statements. Research methodology – The following methods of general theoretical and empirical research were used in the writing of the article: abstract-logical (when systematizing scientific publications on the problems of financial security management of enterprises), comparisons and grouping (when developing and validating a model of modified financial statements), coefficient (when considering and using models for adjusting modified financial statements), grouping (when clustering enterprises depending on the results of the analysis), formalization (when developing a matrix for diagnosing the level of financial security of enterprises), generalization (when formulating research findings). Findings – Based on an established sample from nine of sunflower oil production enterprises of Ukraine their modified financial statements have been developed, it was adjusted to the consumer price index, key financial indicators of the model have been identified and the level of their financial security over the past 7 years have been assessed. The research identified a direct relationship between the level of financial security of enterprises and key financial indicators: financial stability, solvency and financial risk. Also, the proposed methodological approach can be not only an important tool for diagnosing the level of financial security of enterprises, but also its forecasting. Research limitations – The research limitation is associated with sampling size and geographical scope. Also, the diagnostic results may differ depending on the chosen adjustment base, determination of adjustment method and selection of inflation measurement method for the modification financial statements. Practical implications – Practical use of the proposed model proves that it is a convenient, simple, understandable and effective tool for diagnosing the financial security level of enterprises in terms of the main components: financial stability, solvency, and risk. The use of the proposed approach to the assessment of the financial security of the enterprise can serve as an indicator of the overall efficiency of its management at sunflower oil production enterprises and as an informative tool for factor analysis. Originality/Value – Consideration of a significantly different, alternative approach that allows enterprises to quickly and easily diagnose the level of their financial security; to manage it effectively during the current period, and can also become the basis for the formation of strategic directions of financial development and forecasting of the level of financial security for prospective period.

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 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 Methodical approach to the assessment of financial security of the region in the context of decentralization

2019 ◽  
pp. 49-57
Author(s):  
Hanna Telnova ◽  
Bogdan Malovanyy
Keyword(s):  
Regional Policy ◽  
Economic Status ◽  
Local Level ◽  
Methodological Approach ◽  
Individual Factors ◽  
Financial Security ◽  
Impact Indicator ◽  
Socio Economic Status ◽  
Security Index ◽  
Integrated Indicators

The purpose of the research is to improve the methodological approach to assessing the financial security of the region in the context of decentralization, which, unlike the existing ones, makes it possible to determine the ways of ensuring the financial security of the regions through an integrated assessment of the contribution of individual factors and types of regulation to the final state of the financial security of the territories. Methodology. The methodological approach to the assessment of the financial security of the region under decentralization has been improved based on the application of normalization of the system of indicators and construction of integral indices by the type of impact indicator (exogenous or endogenous) and factors: decentralization, socio-economic status and fiscal policy of the regions. Individual time series have been identified and evaluated for each of these integrated indicators. Results. Based on the research, the methodological approach to the assessment of the financial security of the region under decentralization conditions has been improved, which makes it possible to determine the ways of ensuring the financial security of the regions by assessing the contribution of individual factors and types of regulation to the financial security. These individual contributions are grouped together to reflect the type of impact indicator (exogenous or endogenous) and factors such as decentralization, socio-economic status and fiscal policies of the regions. The categories of integrated indicators proposed in the article are useful for monitoring financial security drivers, making it clear what affects the financial security of a country under decentralization, how systemic events in the process of decentralization affect the financial security of regions over time. Practical meaning. The research identified three groups of regions of Ukraine in terms of their financial security: financially secure regions, which during the entire observation period were ascertained: a high integral financial security index (Dnipropetrovsk, Kyiv regions) and a sufficient integral financial security index (Lviv, Zaporizhzhya, Odesa, Poltava and Kharkiv regions); financially unstable regions where there is a potential for strengthening financial security (Vinnytsia, Donetsk, Kirovohrad, Mykolaiv, Cherkasy regions), but there is also a likelihood of aggravation of a negative financial situation (Ivano-Frankivsk, Zhytomyr, Sumy, Kherson, Khmelnytsky, Chernihiv regions); financially dangerous regions, which are dependent on state support, are not able to independently fulfill the majority of delegated to the local level of authority and to finance the economic development of the region (Volyn, Luhansk, Transcarpathian, Rivne, Ternopil, Chernivtsi regions). Therefore, the advantage of using this system of integrated indicators is that they give the developers of national regional policy and internal regional policy an up-to-date picture of the financial security situation in the region, wider than that provided only by some unsystematic indicators. Prospects for further research. The prospect for further research should be to improve methodological support for the financial security of Ukrainian regions.

scholarly journals MODELING THE PROCESS OF APPLYING ANTI-CRISIS MANAGEMENT IN THE SYSTEM OF ENSURING FINANCIAL SECURITY OF THE ENTERPRISE

2019 ◽  
Vol 20 (0) ◽  
pp. 446-455 ◽  
Author(s):  
Oleksandr Sylkin ◽  
Myroslav Kryshtanovych ◽  
Andryi Zachepa ◽  
Sofiia Bilous ◽  
Anna Krasko
Keyword(s):  
Crisis Management ◽  
Methodological Approach ◽  
Financial Security ◽  
Market Environment ◽  
Functional Modelling ◽  
Input Control ◽  
Management Application ◽  
Modelling Methodology ◽  
Control Output

The methodological approach to the application of anti-crisis management in the system of ensuring financial security of the enterprise, unlike the existing ones, summarizes and systematizes the theoretical and methodological features of determining the main stages of anti-crisis management, based on the use of functional modelling methodology and graphical description of processes (IDEF0), significantly increases the ability enterprises adapt to a changing market environment, increase competitiveness and ensure to be stable in financial activities. A complex diagram of the IDEF0 model of applying the anti-crisis management in the process of ensuring the financial security of the enterprise is proposed. It includes input, control, output, mechanism. As a result, a decomposition of the first and the second level context diagrams of the IDEF0 model of anti-crisis management application in the process of ensuring the financial security of the enterprise was formed, which includes, in addition to input, control, output and mechanism, information about the progress of subprocesses and directives for their regulation.

scholarly journals OPTIMIZATION MODELLING ON IMPROVING FINANCIAL SECURITY OF ENGINEERING ENTERPRISES

2021 ◽  
Author(s):  
Kateryna Oriekhova ◽  
Nataliya Hnyp
Keyword(s):  
Methodological Approach ◽  
Machine Building ◽  
Innovation Activity ◽  
Financial Security ◽  
Working Capital ◽  
Net Profit ◽  
Highly Skilled ◽  
Skilled Personnel ◽  
Reproductive Processes ◽  
Building Enterprises

At machine-building enterprises of Ukraine, due to the use of outdated equipment and equipment, lack of long-term sources of financing of current assets, low level of innovation activity and investment attractiveness; low product competitiveness; insufficient number of highly skilled personnel, there is a decrease in financial security and slowing down of reproductive processes. The methodological approach to improving financial security, taking into account the acceleration of reproductive processes of machine-building enterprises based on multicriterial vector optimization, allows us to determine the optimal values manifestations of dynamics of working capital and net profit, taking into account the acceleration of reproductive processes of machine-building enterprises as well as establish the optimal relationship between them. The approbation of a methodological approach to improving financial security and accelerating reproductive processes on the example of four machine-building enterprises of Ukraine. To build optimization vectors uses financial statements for eight periods. To increase the financial security and acceleration of reproductive processes of machine-building enterprises of Ukraine, certain volumes of current assets are established, the periods of their circulation, their marginal cost, taking into account various sources of funding, as well as maximum net profit in certain manifestations of dynamics of working capital. In the process of implementing a methodological approach to improving financial security and accelerating reproductive processes into practical activities of machine-building enterprises, a significant role and place occupy highly skilled personnel. The decisive tool for their provision is: material stimulation (salaries increase, provision of premiums) and establishing mutual in the team (social justice in the department). Therefore, the further direction of research is to develop a methodological approach to improving the financial security of machine-building enterprises, taking into account staffing.

Financial Provision of Investment Activities of the Subjects of the World Industry of Tourist Services

2020 ◽  
Vol 11 (4) ◽  
pp. 890
Author(s):  
Natalia V. TRUSOVA ◽  
Nataliya S. TANKLEVSKA ◽  
Tetiana A. CHERNIAVSKA ◽  
Oleksandr S. PRYSTЕMSKYI ◽  
Denys V. YEREMENKO ◽  
...  
Keyword(s):  
Methodological Approach ◽  
Security System ◽  
Financial Resources ◽  
Financial Security ◽  
Private Partnership ◽  
Tourism Sector ◽  
Multiplicative Effect ◽  
Multiplier Effect ◽  
Tourist Flows ◽  
The World

The article deals with the methodological approach and practical aspects of the development of the corporate financial security system for forecasting the investment activity of the subjects of tourist services and modeling of their tourist flows for restoration of the natural and recreational potential of the state (region) of the world level. It is proved that the multiplicative effect regulates the economic and social indicators of the tourist services and under the influence of financial policy, sets the vector of their state support, suspends the information asymmetry of the financial market in the corporate financial security system, forms a stable inflow of financial resources from tourism sector, diversifies the model of financing the investment costs of the tourism industry on the basis of public-private partnership. The dynamics of changing the time trend of the integral multiplier effect of investment expenditures of the tourism sector is substantiated. A methodological approach to estimating the multiplicative effect of investment is proposed, which defines the interdependent relationship between the differential “input-output” of the tourist services industry of the meso-level using information technologies of the money generation model. The contribution of the multiplier effect of investment costs of tourism services to the country's GDP has been determined as a complex budgetary system of financing investment projects in the regions, taking into account the conditions of employment growth and job creation. The structure of the subsidized distribution of financial resources for the investment costs and service of the tourist services industry in countries and regions of the world is analysed. The marginal criterion for effective consumption of investments for all world countries, which ensures the movement of tourist flows in the financial resources market and shapes the investment attractiveness of the regions is 3.9%. It is proved that the contractual and institutional model of public-private partnership allows to support private investors, to regulate and fill budgets of all levels, to increase the social responsibility of subjects of tourist activity and to accelerate the economic growth of the country.

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