scholarly journals FINANCIAL SECURITY OF TERRITORIAL COMMUNITIES IN UKRAINE: CONTENT, COMPONENTS, THREATS

2019 ◽  
pp. 98-110
Author(s):  
Nataliia BAK
Keyword(s):  
Swot Analysis ◽  
Institutional Environment ◽  
Fiscal Decentralization ◽  
The State ◽  
General Notion ◽  
Financial Security ◽  
Financial Responsibility ◽  
Financial Interests ◽  
Business Entities ◽  
Budget Decentralization

Introduction. The process of fiscal decentralization contributes to the transformation of territorial communities and local authorities into full-fledged members of the system of financial inter-connections. Territorial communities have individual financial interests. The need to protect them is at the heart of creating a safe environment for the functioning of territorial communities. However, financial security of territorial communities as separate economic units is not given enough attention to Ukraine. Instead, a more general notion is explored which isfinancial security of the regions. Purpose– theoretical substantiation of author's view on the content and structural components of the financial security of territorial communities, its place in the system of financial security of territories and the state as well as systematization of main threats to the financial security of communities in the context of implementing the budget decentralization policy. Results. The definition of financial security of territorial communities is substantiated. It is based on the protection of the financial interests of territorial communities. The features of financial interests of territorial communities are derived. Components of financial security of territorial communities are characterized. These include budget, tax, debt and investment security. The main threats to the financial security of territorial communities are analyzed and systematized. They are a result of imperfect institutional environment for local self-governments and the integration of territorial communities as subjects of a single (national) economic system. Furthermore, the threats are connected to the peculiarities of the territorial economy, communal infrastructure, the level of public consciousness and financial responsibility of heads of local self-overnment bodies. Conclusions.The financial security of territorial communities should be investigated as a part of the financial security of regions. Achieving a desirable state in practice requires synergy with the financial security of households and business entities located on the territory concerned. It is also necessary to seek coordination of financial interests of various territorial ommunities and the state as a whole.Local governments and central authorities are responsible for creating a safe financial environment for the functioning of territorial communities during budget decentralization. It is necessary to improve the mechanism of inter-territorial redistribution of financial resources.The list of potential threats to the financial security of territorial communities should be identified in the process of strategic development of territories and the use the SWOT-analysis for this purpose.

scholarly journals Systemic problems and ways of Ukraine financial security in the conditions of hybrid warfare

2019 ◽  
pp. 171-179
Author(s):  
Zakharii Varnalii ◽  
Taras Tomashevskyi
Keyword(s):  
Well Being ◽  
Economic Security ◽  
The State ◽  
Financial Security ◽  
Hybrid Warfare ◽  
Stage Of Development ◽  
State Of The Economy ◽  
Financial Interests ◽  
Systemic Problems ◽  
Business Entities

The purpose of this paper is to identify the problems and ways of providing Ukraine financial security in a hybrid war. The subject of the study is the system of financial security of Ukraine. Research methods. The paper uses a set of scientific methods, including systematic, structural, comparative, factorial, and others which allowed to realize the conceptual unity of the research. Research results. The article deals with systemic problems and ways of ensuring the financial security of Ukraine in the conditions of hybrid warfare, clarifies the concept of "financial security", an analysis of the peculiarities of the factors of providing and assessing the financial security of Ukraine at the present stage of development of the state. It has been determined that financial security is one of the key elements of economic security, the state of finance in the state depends on the state of the economy of the country, and simultaneously, the economic well-being of the country depends to a large extent on the level of ensuring the financial security of each individual citizen, as well as of the society state in the whole. Conclusions. Financial security is the protection of financial interests of business entities at all levels of financial relations, financial coverage of households, enterprises, organizations and institutions, regions, industries, sectors of the economy, government, sufficient to meet their needs and to fulfill obligations. In public administration practice there are often problems in assessing and analyzing individual components of national security or making decisions on one of the areas of ensuring financial security, when data on changes in other components of security are not available. Ensuring the financial security of the country requires the cessation of capital flight practice being one of the most powerful internal threats to the financial security of the country as a whole. The rise of external public debt and the excessive openness of the economy are the factors contributing to financial security risks.

SWOT Analysis as an Effective Tool for Identification of the Strengths and Weaknesses of the State's Financial Security System

2018 ◽  
Vol 7 (3.14) ◽  
pp. 291
Author(s):  
Mihail Nikolaevich Dudin ◽  
Diana Dmitrievna Burkaltseva ◽  
Oleg Georgiyevich Blazhevich ◽  
Aleksandr Viktorovich Betskov ◽  
Vladimir Fedosovich Gaponenko ◽  
...  
Keyword(s):  
Russian Federation ◽  
Swot Analysis ◽  
The State ◽  
Financial Security ◽  
Investment Activity ◽  
External Threats ◽  
Domestic Capital ◽  
Foreign Countries ◽  
The Russian Federation ◽  
High Level

Subject/theme. SWOT analysis of the financial security of modern Russia is carried out herein to identify the prospects for the improvement of the financial security at the macrolevel.Purpose/objectives. The purpose of the article is to analyze the financial security of the state through the example of Russia. To achieve the purpose hereof, it is required to solve the following tasks:To provide the SWOT analysis matrix of the financial security of the Russian Federation.To determine the influence of the strengths on the opportunities and threats to the financial security of the Russian Federation.To determine the influence of the weaknesses on the opportunities and threats to the financial security of the Russian Federation.To quantify the elements of SWOT analysis.To identify the current threats to the financial security of the Russian Federation.To propose the measures to reduce the threats and to improve the level of financial security of the Russian Federation.Methods. The most common and high-quality strategic planning instrument – the SWOT analysis method – is used herein.Results.The imposition of anti-Russian sanctions made it possible to identify the problematic areas of the state, which are a threat to the financial security of the Russian Federation.The following can be identified as the current threats to the financial security of the Russian Federation: the outflow of domestic capital abroad and offshore; the quantitative restriction of money supply when issuing rubles for the growth of foreign exchange reserves; a high level of external public debt; high tax burden on business; weak investment activity and a slowdown in the rate of foreign investment; the instability of the banking system.Despite the considerable pressure from foreign countries, the Russian Federation is taking measures to neutralize the external threats to national security, reducing the possibility of external influence on its international position.Conclusion/relevance.SWOT analysis of the financial security of the state shows that the strengths prevail in the Russian Federation, but there are many weaknesses and external threats. In the aggregate, the field of strengths and opportunities prevails over the field of weaknesses and threats. Consequently, the Russian Federation has the prospects for development, but for further development the strength should be used to neutralize the threats.  

scholarly journals ELABORATION OF TECHNOLOGY FOR IMPLEMENTING ORGANIZATIONAL SOLUTIONS ON INNOVATIVE CLUSTERS DEVELOPMENT

2019 ◽  
Vol 5 (3) ◽  
pp. 207
Author(s):  
Olexandra Farat ◽  
Marta Lyvdar
Keyword(s):  
Institutional Environment ◽  
The State ◽  
Information Support ◽  
Innovation Development ◽  
State Institutions ◽  
Innovative Potential ◽  
The Creation ◽  
Business Structures ◽  
Business Entities ◽  
Paradigm Development

The process of cluster paradigm development in Ukraine is characterized by the absence of a clear legal and regulatory framework that would enable the clusters to be identified in the overall set of business entities. It complicates the coordination of the interaction of participants in the cluster process, as well as processes related to the creation and development of other innovation-oriented business structures. Significant impact is the availability of the weak information support, the task of which is to establish business communications between the state and business, on issues of ensuring the maximum possible realization of the existing innovative potential, in particular, by commercializing progressive innovations. Therefore, the particular topicality gets the issue of building a structured institutional environment that determines the clear mechanisms for the development of the most innovative business structures in Ukraine. The purpose of the researches was to develop specific mechanisms for organizing synergistic interaction of all participants in the process of creation and development of clusters in Ukraine in the context of multilevel sectors of their functioning. To achieve the goal, the following tasks were solved: the world tendencies of modern innovative development were investigated; the change of Ukraine’s positions during 2014–2017 in innovation rankings was considered; the state of development of innovative entrepreneurship in Ukraine was analysed; a system of scenarios for the organization of technological solutions for the development of innovative clusters was proposed; the indicator of the evaluation of the cluster paradigm development in the regions for the purpose of determining the useful effect from its implementation was presented. Considered changes in Ukraine’s positions in 2010–2017 in innovation rankings and indicators of the provision of innovation development in Ukraine in 2010–2017 state the extremely low level of state interest in creating, internal commercializing, and promoting to the external market own innovative technologies, and in the development of the very innovative business, which, in turn, reflects on the ability of enterprises to develop their innovative potential. The proposed system of scenarios for the organization of technological solutions for the development of innovative clusters includes four possible technologies for the creation of clusters, which are united in two blocks: technologies in the sector of state entrepreneurship – the source of stimulation are state institutions and technologies in the sector of private entrepreneurship – the source of initial incentives are business entities themselves. Using the proposed indicator of the expediency of cluster paradigm development in the regions to determine the useful effect from its implementation (IRCD), it is possible to estimate the influence of clusters on the development of the economy in the region.

scholarly journals Institutional Aspects of Stimulating Small Business

2021 ◽  
Vol 110 ◽  
pp. 01018
Author(s):  
Niiara B. Demiroglu
Keyword(s):  
Small Business ◽  
Small Businesses ◽  
Institutional Environment ◽  
The State ◽  
Comparative Characteristic ◽  
Business Climate ◽  
Industrial Parks ◽  
Role Of The State ◽  
Composition And Structure ◽  
Business Entities

The article emphasizes the need to consider the institutional environment of small businesses as the basis for ensuring the implementation of the state strategy for business development during the period of overcoming the consequences of the economic crisis that arose as a result of the spread of a new coronavirus infection. The comparative characteristic of the definitions “institutional environment” and “institutional environment of entrepreneurship” of domestic and foreign researchers is carried out. Conclusions are made about the need to study the interaction of elements of the institutional environment of entrepreneurship development in Russia. The stages of formation of the institutional environment of small business are summarized. The composition and structure of small business entities in recent years have been analyzed. The problems affecting the decrease in the level of the business climate are systematized. The institutions for supporting small businesses (the fund for support (development) of SMEs in the region, the SME corporation, Skolkovo, territories of advanced socio-economic development, special economic zones, industrial parks, etc.), which provide various types of support for entrepreneurs: subsidies, tax incentives, preferential lending, non-financial support, government guarantees. The role of the state as the initiator of the creation of various institutions that support the development of small business and implements programs for the strategic development of small and medium-sized businesses, stimulating the growth of investment potential, is emphasized. To conduct the research, the author used both theoretical and empirical methods.

Ways to internalize external effects in the modern russian economy

10.12737/1476 ◽  
2013 ◽  
Vol 1 (4) ◽  
pp. 41-48
Author(s):  
Хадиуллина ◽  
G. Khadiullina ◽  
Хасанова ◽  
A. Khasanova ◽  
Галиакберова ◽  
...  
Keyword(s):  
Institutional Environment ◽  
Methodological Approach ◽  
The State ◽  
External Effects ◽  
Practical Advice ◽  
Contract Negotiation ◽  
Russian Economy ◽  
Business Entities ◽  
Productive Assets ◽  
Modern Russian

The author provides rationale for the theoretic and methodological approach to contents of institutions of external effects internalization in using the epistemological potential of neo-institutional concept. Based on the findings, the authors have developed practical advice on how to design internalization methods conducive to the steady progress of the Russian economy. Three types of methods for designing the institutional environment are proposed – for the State, for business entities and for households – given the conditions of counter-productive assets allocation (according to Pareto) and high transaction costs of complete contract negotiation and execution.

scholarly journals Environmental Aspects of the new wave of raw materials industrialization in Asian Russia

2001 ◽  
Vol 14 (7) ◽  
pp. 998-1007
Author(s):  
Vadim M. Gilmundinov ◽  
Keyword(s):  
Industrial Development ◽  
Institutional Environment ◽  
Raw Materials ◽  
Environmental Safety ◽  
Environmental Problems ◽  
The State ◽  
Intensive Exploitation ◽  
Region Data ◽  
Business Entities ◽  
Long Term Impact

The paper examines the problems of assessing the long-term impact of intensive exploitation of natural resources on the environment of a large region. Data for empirical study obtained from information of Rosstat and Annual State Reports «On the state and protection of the environment of the Russian Federation». The vast territory of Asian Russia was chosen as the object of research. The results indicate a significant increase in environmental problems at each stage of industrial development in this region. These problems are especially acute in connection with the entry of Asian Russia into the next wave of accelerated industrialization of raw materials, characterized, first of all, by a significant expansion of projects for the extraction and processing of solid minerals and hydrocarbons to new mostly undeveloped territories. This, taking into account the already accumulated environmental problems, makes additional requirements for the substantiation of plans to accelerate the socio-economic development of the region and the launch of new raw materials projects, bringing to the first place not only economic and strategic aspects, but also issues of environmental safety. This, in turn, requires not only constant monitoring of the state of the environment and protection activities of business entities, increasing the reliability and completeness of the results obtained on its basis, but also assessing the compliance of the existing institutional environment with the tasks of eliminating environmental problems accumulated in the region and reducing the negative anthropogenic impact on the environment. At the same time, the results of the analysis of both current approaches to statistical observation in this area and environmental mechanisms indicate the presence of significant imperfections in them. In this regard, it is necessary to improve the institutional mechanisms for regulating environmental protection in order to increase the sustainability of the region’s development

scholarly journals REGULATORY AND LEGAL COMPONENT IN ENSURING STATE’S FINANCIAL SECURITY

2021 ◽  
Vol 22 (2) ◽  
pp. 232-240
Author(s):  
Nadiya Rushchyshyn ◽  
Tetyana Medynska ◽  
Uliana Nikonenko ◽  
Zoryana Kostak ◽  
Roksolana Ivanova
Keyword(s):  
Financial Stability ◽  
Legal Framework ◽  
Legal Regulation ◽  
The State ◽  
Synthesis Methods ◽  
Financial Security ◽  
Econometric Methods ◽  
Factors Influencing ◽  
National Bank ◽  
Business Entities

The purpose of the study is to scientifically substantiate the place and role of regulatory support in the formation of financial security, study the factors influencing its level and identify ways to improve it. The study used general scientific and special research methods: analysis, synthesis, methods of systematization and logical generalization − when disclosing the theoretical provisions of the financial security of the state and its legal regulation; correlation and regression analysis, econometric methods and models − to determine and study the influence of factor values on the volume of gold and foreign exchange reserves of the NBU; method of expert assessments − when developing recommendations for the formation of an effective mechanism for ensuring the financial security of the state, a graphical method. The nature and significance of the legal support of financial security are outlined, which is aimed at creating an improved legal framework and a system for controlling financial business entities in order to detect and prevent financial crimes. The factors influencing the level of the state’s financial security are considered. Their influence on the volume of gold and exchange reserves of the National Bank of Ukraine which in the conditions of financial stability should be balanced is determined. The mechanism to ensure the state’s financial security is offered, which further contributes to the implementation of a set of legal, structural and organizational, procedural, personnel, technological and resource tasks. In the future special attention should be paid to improving the current legal framework that would protect the interests of entities of a financial system from illegal encroachment and help recover offense damages. All these measures will contribute to raising the level of the state’s financial security and will help integrate the state into the international financial and economic space.

FINANCIAL COMPONENT OF REGIONSʼ ECONOMIC SECURITY

2017 ◽  
Author(s):  
Yuliya Tymchyshyn ◽  
Keyword(s):  
Security Policy ◽  
Negative Impact ◽  
Economic Security ◽  
The State ◽  
Financial Resources ◽  
Financial Security ◽  
Financial Problems ◽  
Financial Flows ◽  
Financial Measures ◽  
Financial Interests

The article highlights the basic concepts of regions’ financial security. Was discussed the regional level, the components of region’s financial security and their characteristics: budget, tax, investment, innovation, monetary, financial security of economic entities, financial security of the population and insurance. Internal and external aspects of financial security are described. The states of financial security by the intensity of the negative factors’ influence are distinguished. The main generalizing factors that have a negative impact on the level of financial security of the Ukrainian regions are revealed: external factors, these include world-class and national factors; internal factors, these include economic, social, environmental, scientific and technological, informational, material, legal factors. External indicators are substantiated, which indicate the degree of indirect impact on the financial security of a particular region and are determined by the level of financial security of the state by indicators that characterize the state of debt, budget, monetary and currency, investment and foreign trade security. The use of these indicators in calculating the level of financial security of the region is due to a significant impact on this level of financial security of the state, because if national needs are not provided with sufficient financial resources, the financial security of any region cannot be discussed. Internal indicators characterize the immediate state of financial security of the needs of the economic, social and environmental spheres of the region compared to the threshold values. The main risks to the financial security of the region in terms of its structural elements have been assessed. The tasks of the financial security policy of the region are analyzed, such as: diagnostics and forecasting of external and internal threats to ensuring the realization of the financial interests of the region; identification of the most acute financial problems of the region, ranking them according to the degree of danger; development of a system of financial measures aimed at solving financial problems, creating financial mechanisms to protect regional interests; prevention and neutralization of real and potential threats to the financial interests of the region; diversification of financial sources and optimization of financial flows to ensure the balance of sustainable development in accordance with established security criteria; improving the efficiency of the use of available financial resources of the region, control of their volumes.

scholarly journals INTERNATIONAL EXPERIENCE IN PROVIDING FINANCIAL SUPPORT FOR LOCAL INVESTMENT PROJECTS

2021 ◽  
Vol 7 (167) ◽  
pp. 8-13
Author(s):  
V. Dubishev ◽  
I. Ostrovskyi
Keyword(s):  
Central Government ◽  
Fiscal Decentralization ◽  
The State ◽  
Financial Policy ◽  
Investment Projects ◽  
High Resource ◽  
Loan Financing ◽  
Labor Resources ◽  
Individual Economy ◽  
Budget Decentralization

The article considers the relationship between modern processes of budget decentralization and macro-financial policy of Ukraine. The focus on deepening decentralization processes in Ukraine remains unchanged. This emphasizes the use of the State Strategy for Regional Development for 2021-2027. The theoretical foundations of budget decentralization were introduced in the works of C. Tibet, W. Oates, E. Bracco, W. Tanzi, A. Aristovnik and other Western researchers. C. Oates defined the decentralization of fiscal powers as a benefit that could lead to a reduction in the size of the central government. This means reducing the tax burden by increasing competition from tax jurisdictions. For quantification at the level of an individual economy, it is possible to use the index of fiscal decentralization. This index consists of two sub-indices: the self-sufficiency index and the index of importance of subnational budgets. The OECD Fiscal Decentralization Database can be used as a source of information on fiscal decentralization. A retrospective analysis of economists has shown an increase in the index of fiscal decentralization and an improvement in the state of subnational entities in a favorable macroeconomic situation. On the contrary, the crisis worsens the conditions of subnational entities and is accompanied by a decrease in this index. With the beginning of the pandemic, there was a crisis situation regarding the macroeconomic support of further decentralization processes. Long-term social problems are deepening: demographic negatives, increasing external outflow of labor resources, shrinking the country's economy, progressive deindustrialization, high resource intensity of production, in particular, low energy efficiency, growing debt burden. The most destabilizing role is played by military events in the east of the country. High regional disproportion logically leads to a violation of the single economic space of Ukraine. The size of the budget deficit and public debt is increasing. The crisis has a significant impact on all macroeconomic processes, in particular, on the macro-financial stimulation of budget decentralization processes. The urgent task is to establish effective coordination of fiscal and monetary policy, as well as increase the capacity to attract loan financing. Extreme conditions force us to temporarily give up strategic intentions as such, which are not urgent. Public-private partnership can get another chance to become an effective mechanism of social interaction. Increasing competition between budgetary institutions and private institutions in these areas has the potential to increase the quantity and quality of public services.

scholarly journals Financial and Legal Regulation of the Security of Economic Activity

2020 ◽  
Vol 89 (2) ◽  
pp. 132-142
Author(s):  
O. P. Getmanets
Keyword(s):  
Economic Activity ◽  
Legal Regulation ◽  
The State ◽  
Point Of View ◽  
Financial Control ◽  
Financial Security ◽  
Factors Affecting ◽  
Financial Activity ◽  
Business Entities ◽  
The Stability

The author of the article studies financial relations between the state and business entities, whose legal regulation has a significant impact on the security of economic activity as an important component of national security. The author analyzes internal and external factors affecting the finances that are at the disposal of business entities, the state of which depends on the security of economic activity. The components of financial security of business entities are studied from the point of view of organization of finances and management of the movement of financial resources, ensured by the financial and legal regulation by the state. The directions of financial and legal regulation of the security of economic activity are analyzed as an important condition for ensuring the stability, sustainability and efficiency of the movement of finances at the level of business entities. It has been established that the legal provision of financial security of business entities is based on regulatory basis that defines the principles, methods, functions and powers of public authorities’ activity and activity of local self-government agencies in all components of the financial system, namely in budgetary, tax, currency, banking, investment, etc., in particular in the area of financial control, which facilitates the establishment of the legitimacy of financial activities and the rational use of finances. It has been determined that there is no regulatory support for financial security at all levels of the economy, including the activity of business entities, as a coherent state policy. The author proves the expediency of developing and implementing a law defining the types of threats to the stability of financial activity and the principles of counteraction, the powers of the state authorities to counteract, prevent and eliminate the threats in the financial sphere, the components of the mechanism of protection of financial interests of business entities. It has been established that financial control is the component of financial activity of business entities, and therefore the Law of Ukraine “On the Basic Principles of Exercising State Financial Control in Ukraine” needs to be improved regarding the methods and types of financial control, powers of controlling entities in order to ensure the security of economic activity.

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