Challenges and threats to the economic security in the ferrous metallurgy

2020 ◽  
Vol 8 (8) ◽  
pp. 1527-1544
Author(s):  
I.L. Ryabkov ◽  
N.N. Yashalova
Keyword(s):  
Ferrous Metallurgy ◽  
Financial Management ◽  
Ferrous Metal ◽  
Economic Security ◽  
Competitive Advantages ◽  
Corporate Strategies ◽  
Group Methods ◽  
Production Distribution ◽  
The Impact ◽  
Market Strategies

Subject. The article focuses on market strategies of the Russian enterprises operating in the ferrous metallurgy. Objectives. The study is to analyze corporate strategies the leading ferrous metal manufacturers use in the Russian Federation, such as NLMK Group, Severstal, Magnitogorsk Iron & Steel Works, EVRAZ Group. Methods. The study interprets public financial statements and methods of the logic, intuitive and comparative analysis. Results. We analyze market strategies of the Russian metal manufacturers, determine their development priorities and competitive advantages and weaknesses. We describe the impact of various threats and measures metallurgical companies undertake to eliminate them. Conclusions and Relevance. We sorted out possible threats and exposures of the Russian metallurgic companies' economic security and traced the dynamics of their significance for 2015 to 2019. Key threats relate to policies, economy, external and internal market, regulations and laws, production, distribution and financial management, consumption, IT, social welfare and environment.

BSC-SI

2016 ◽  
Vol 5 (2) ◽  
pp. 1-14
Author(s):  
Mouhib Alnoukari ◽  
Rakan Razouk ◽  
Abdullatif Hanano
Keyword(s):  
Performance Management ◽  
Balanced Scorecard ◽  
Business Intelligence ◽  
Competitive Intelligence ◽  
Competitive Advantages ◽  
Corporate Strategies ◽  
Strategic Intelligence ◽  
Flexible Organizations ◽  
Corporate Strategic Management ◽  
The Impact

Integration of Strategic Intelligence with corporate strategic management is becoming of vital importance for modern and flexible organizations in the last few years. The main achievement of this integration is to help decision makers to implement systemically their corporate strategies, adapt easily to changes in the environment, and gain competitive advantages. In this article, the authors will extend the studies in this domain, and clarify the relationships between Business Intelligence, Competitive Intelligence with Strategic Intelligence. They will also explain the impact of Business Intelligence on Corporate Performance Management, Operational Business Process, Competitive Intelligence, and Strategic Intelligence. Finally, the authors will explain the new proposed framework BSC-SI that can facilitate the integration of Strategic Intelligence with Balanced Scorecard methodology.

Accounting policy as a constituent of internal control and corporate economic security

2021 ◽  
Vol 17 (4) ◽  
pp. 664-681
Author(s):  
Yuliya N. STETSYUNICH ◽  
Andrei A. ZAITSEV
Keyword(s):  
Internal Control ◽  
Financial Management ◽  
Semantic Analysis ◽  
Economic Security ◽  
External Factors ◽  
Practical Significance ◽  
Negative Consequences ◽  
Internal And External Factors ◽  
The Impact ◽  
Accounting Policy

Subject. The article discusses the consistency of accounting policies, internal control and constituents of corporate economic security. Objectives. The study determines the process of articulating the term Accounting Policy at the legislative and normative levels nationwide and worldwide. We compare our own interpretations of corporate economic security. The article traces the impact of the accounting policy on areas of internal control and corporate economic securities. Methods. The study is based on general methods of research, such as the dialectical method, methods of analysis and synthesis, induction and deduction, and semantic analysis. Results. The article shows the impact of internal and external factors, which also influence corporate economic security and translate into the formation of corporate accounting policies. Conclusions and Relevance. Economic security is an aspect that every entity pursues. Therefore, it is important to thoroughly study how clauses of accounting policies influence the aspect from perspectives of business entities. The impact of constituents of corporate accounting policies, as evaluated herein, allow to consider adverse factors and help prevent negative consequences that internal and external factors may cause to corporate economic security. The findings contribute to accounting techniques for financial management in order to ensure the economic security. They are of practical significance for business leaders and financial personnel.

Formation of the structure of the comprehensive mechanism of ensuring the region’s economic security

2020 ◽  
pp. 56-67
Author(s):  
O. V. Ovcharenko ◽  
V. I. Dubnytskyi ◽  
S. O. Fedulova
Keyword(s):  
Environmental Safety ◽  
Economic Security ◽  
Competitive Advantages ◽  
The Public ◽  
External Threats ◽  
Use Of Resources ◽  
Goal Functions ◽  
State Of Affairs ◽  
Regional Authorities ◽  
The Impact

It has been proposed the structure of a complex mechanism for ensuring the economic security of the region in the article. As a methodological basis, a generalized structure of the public administration mechanism was used, which, as the main elements, includes: a goal; functions; methods for implementing functions; methods tools; subjects. The study has updated that the defining component of the mechanism for ensuring the economic security of the region is the “goal”, namely, ensuring the balance of the region’s economy, despite the impact of the crisis and internal and external threats, conditions for improving the quality of life and human and environmental safety, as well as integration in the country’s economy and economic independence, rational use of resources and the use of competitive advantages. On the basis of this mechanism, the study proposes the distribution of competencies between regional authorities to ensure the economic security of the region in order to organize a monitoring system for this security. The developed system for monitoring the economic security of the region is a fairly effective element of regional management, since it relies on available statistical data, and secondly, it allows evaluating the object of research both statically and dynamically; thirdly, it makes it possible to assess both the general state of affairs in the region and by large blocks and by individual factors. The study also proposed a concept strategy for the socio-economic development of the Dnipropetrovsk region until 2030, which includes elements of the implementation of measures to increase the level of economic security of the Dnipropetrovsk region.

scholarly journals Integration of production as a way to improve the financial stability of non-ferrous metallurgy enterprises in the Far Eastern region of Russia

2018 ◽  
Vol 56 ◽  
pp. 04005
Author(s):  
Yuliya Arkhipova
Keyword(s):  
Financial Management ◽  
Financial Stability ◽  
Negative Impact ◽  
Raw Materials ◽  
Ferrous Metal ◽  
World Market ◽  
Economic Security ◽  
Eastern Region ◽  
Financial Management System ◽  
Far Eastern

Article is devoted to a question of financial and economic stability of the enterprises. Uncertainty and instability of the external environment can lead to a slowdown in economic growth, to a decline in production and reduction of investment. In recent years, problems of financial instability and bankruptcy have grown into a category of economic security of the country. Annually for these reasons, thousands of businesses cease operations, which has a negative impact on the social and economic situation of the regions. The article examines the theoretical and methodological tools of financial stability of economic entities as an indicator of the effectiveness of the financial management system in commercial organizations. This is ensured by permanent solvency by maintaining a sufficient level of liquidity of assets (finished goods, receivables, short-term financial investments, etc.). The author made attempts to create a methodology for assessing the financial and economic sustainability of mining companies in the Far Eastern region that are engaged in the extraction and processing of non-ferrous metal ores in order to avoid their bankruptcy and as an exit - merger into a vertically integrated company. This will allow to connect the technological cycle at individual enterprises: from the extraction of raw materials and its processing to the production of high-value products and to increase their competitiveness both on the Russian market and on the world market.

scholarly journals GLOBAL NON-FERROUS METALLURGY RESOURCES MARKET

2020 ◽  
pp. 109-130
Author(s):  
Elizaveta Rastyannikova ◽  
Keyword(s):  
Ferrous Metallurgy ◽  
Raw Materials ◽  
Ferrous Metal ◽  
Consumer Electronics ◽  
Raw Material ◽  
Ferrous Metals ◽  
Non Ferrous Metals ◽  
The One ◽  
New Applications ◽  
The Impact

Since the beginning of the XXI century, the raw material of non-ferrous metallurgy began to acquire new outlines. First, due to the growing demand for resources from the rapidly developing countries of Asia (China, India, South Korea), the volume of world production and international flows of both raw ore and ore dressing – concentrates have increased. Secondly, the concentration of countries that produce raw materials on the one hand and consume them on the other has increased. The article is devoted to comparative statistical analysis of international flows of raw materials of non-ferrous metals. The leading countries in the world exporting non-ferrous metal ores and countries importing them have been identified. The impact of new applications of non-ferrous metals on increasing international trade, such as the expansion of the production of batteries for electromobile and consumer electronics, the development of nuclear energy, etc., is highlighted.

scholarly journals The Impact of Corporate Strategy on the Capital Structure of Pakistani Companies (Diversification and Capital Structure)

2020 ◽  
Vol 2 (1) ◽  
pp. p27
Author(s):  
Muhammad Uzair Ali ◽  
Gong Zhimin ◽  
Muhammad Rizwanullah ◽  
Xiong Wu ◽  
Itbar Khan
Keyword(s):  
Capital Structure ◽  
Financial Management ◽  
Corporate Strategy ◽  
Stock Exchange ◽  
Firm Strategy ◽  
Dominant Strategy ◽  
Financing Decisions ◽  
Corporate Strategies ◽  
The Impact ◽  
The Capital Structure

Research into the capital structure of firms has been the subject of extensive empirical investigation. This study seeks to extend the debate by examining the endogenous influence of corporate strategy on financing decisions made by firms. Diversification is one of the corporate strategies that allow a company to enter business lines that are same or different from current operations as well as operate in several economic markets. Financial choices need to be evaluated because of their close interaction with management choices. Optimal capital structure plays a key role in achieving the overriding goal of financial management. The study sought to discover the impact of corporate diversification strategies on financial choices because study main focus is diversification strategy (A type of corporate strategy). For purposes of comparison, the current study used four of the nine Rumelt categories which correspond to Wrigley's original four, which were single product strategy, dominant strategy, related firm strategy and unrelated firm strategy. Panel data model was constructed and using a sample of 120 companies listed on the Pakistan Stock Exchange and data was obtained for companies with seven years’ quarterly data annually from 2010 to 2017. Using empirical tests, we found no relationship between diversification and leverage. Our analysis suggests that Diversifications strategy impact on capital structure indicate that this focus of enquiry has considerable potential for further resolution of the capital structure puzzle.

The Role of Web Based Accounting Online System 2.0 as the Company's Income and Expense Management

2017 ◽  
Vol 1 (1) ◽  
pp. 44-49
Author(s):  
Nur Azizah ◽  
Dedeh Supriyanti ◽  
Siti Fairuz Aminah Mustapha ◽  
Holly Yang
Keyword(s):  
Financial Management ◽  
Accounting System ◽  
Bank Account ◽  
Web Based ◽  
Online System ◽  
Version 2.0 ◽  
User Friendly ◽  
The Impact ◽  
A Company

In a company, the process of income and expense of money must have a profit-generating goal base. The success of financial management within the company, can be monitored from the ability of the financial management in managing the finances and utilize all the opportunities that exist with as much as possible with the aim to control the company's cash (cash flow) and the impact of generating profits in accordance with expectations. With a web-based online accounting system version 2.0, companies can be given the ease to manage money in and out of the company's cash. It has a user friendly system with navigation that makes it easy for the financial management to use it. Starting from the creation of a company's cash account used as a cash account and corporate bank account on the system, deletion or filing of cash accounts, up to the transfer invoice creation feature, receive and send money. Thus, this system is very effective and efficient in the management of income and corporate cash disbursements.   Keywords:​Accounting Online System, Financial Management, Cash and Bank

PERTANGGUNGJAWABAN KERUGIAN NEGARA DALAM PENGELOLAAN KEUANGAN DAERAH

EDUKASI ◽  
2018 ◽  
Vol 16 (1) ◽  
Author(s):  
Hendra Karianga
Keyword(s):  
Financial Management ◽  
Criminal Liability ◽  
The State ◽  
Legal Proceedings ◽  
Regional Finance ◽  
Regional Budget ◽  
State Finance ◽  
Budget Policy ◽  
Definition Of ◽  
The Impact

Sources of revenue and expenditure of APBD (regional budget) can be allocated to finance the compulsory affairs and optional affairs in the form of programs and activities related to the improvement of public services, job creation, poverty alleviation, improvement of environmental quality, and regional economic growth. The implications of these policies is the need for funds to finance the implementation of the functions, that have become regional authority, is also increasing. In practice, regional financial management still poses a complicated issue because the regional head are reluctant to release pro-people regional budget policy, even implication of regional autonomy is likely to give birth to little kings in region causing losses to state finance and most end up in legal proceedings. This paper discusses the loss of state finance and forms of liability for losses to the state finance. The result of the study can be concluded firstly,  there are still many differences in giving meaning and definition of the loss of state finace and no standard definition of state losses, can cause difficulties. The difficulty there is in an effort to determine the amount of the state finance losses. The calculation of state/regions losses that occur today is simply assessing the suitability of the size of the budget and expenditure without considering profits earned by the community and the impact of the use of budget to the community. Secondly, the liability for losses to the state finance is the fulfillment of the consequences for a person to give or to do something in the regional financial management by giving birth to three forms of liability, namely the Criminal liability, Civil liability, and Administrative liability.Keywords: state finance losses, liability, regional finance.

Specifics of creating an effective system of project financing of innovation and investment activities of dairy subcomplex enterprises

2020 ◽  
Vol 26 (9) ◽  
pp. 1951-1969
Author(s):  
S.A. Chernikova
Keyword(s):  
Financial Stability ◽  
Current Model ◽  
Methodological Approach ◽  
Information Support ◽  
Competitive Advantages ◽  
Project Financing ◽  
Financing System ◽  
Management Of Innovation ◽  
Effective System ◽  
The Impact

Subject. The article considers the need to study the financing of investment and innovation processes and creating an effective system of project financing. Objectives. The purpose is to search for new opportunities to enhance the competitive advantages of enterprises of the dairy subcomplex, to ensure their financial stability and steady position in specialized agricultural food-product markets. Methods. The study draws on the theoretical and methodological approach to the impact of project management of innovation and investment activities on improving the efficiency of the project financing system and financial stability of enterprises operating in the dairy subcomplex. Results. The findings show that four levels can be distinguished in the formation and improvement of the system of project financing and the management of innovation and investment activities, depending on the depth of transformation. The principle that provides the integration of the said system with the current model of management of the dairy subcomplex enterprise is defined as a driver. The paper offers a number of levels of the system transformation to gain competitive advantages. Conclusions. I present a mechanism for creating and improving the system of project financing and the management of innovation and investment activities, and a mechanism for interaction of the network of automated information systems, intended to make management decisions, with the automation of information support to innovative solutions.

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