METHODICAL APPROACH TO ASSESSING FINANCIAL AND CREDIT INSTITUTIONS’ ECONOMIC SECURITY LEVEL

Ensuring the economic security of the functioning of all economic entities is one of the main tasks, the solution of which makes it possible to preserve national sovereignty. Since February 24, 2022, the domestic economy has been suffering from russia's brutal, open and large-scale military ag...

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Main Authors: Svitlana Onyshchenko, Igor Shchurov, Anna Cherviak, Oleksandr Kivshyk
Format: Article
Language:English
Published: FINTECH Alliance LLC 2023-04-01
Series:Фінансово-кредитна діяльність: проблеми теорії та практики
Subjects:
Online Access:https://fkd.net.ua/index.php/fkd/article/view/4037
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author Svitlana Onyshchenko
Igor Shchurov
Anna Cherviak
Oleksandr Kivshyk
author_facet Svitlana Onyshchenko
Igor Shchurov
Anna Cherviak
Oleksandr Kivshyk
author_sort Svitlana Onyshchenko
collection DOAJ
description Ensuring the economic security of the functioning of all economic entities is one of the main tasks, the solution of which makes it possible to preserve national sovereignty. Since February 24, 2022, the domestic economy has been suffering from russia's brutal, open and large-scale military aggression and is in a state of constant turbulence. That, in turn, causes increased attention to security issues at all levels of the economy in the face of global, geopolitical, and domestic economic threats. That is why this study aims to develop a methodical approach to assessing the level of economic security of financial and credit institutions. Scientific approaches to the definition of the concept of "economic security of financial and credit institutions" are analyzed and the author's vision of the concept through the prism of development is proposed. The existing methodical approaches of domestic scientists to the assessment of the level of economic security of financial and credit institutions were studied. A methodology for assessing the level of economic security of financial and credit institutions based on the scoring approach has been developed. Quantitative and qualitative components of economic security are highlighted, which are proposed to be analyzed in the study of economic security. It is proposed to use the Harrington scale to determine the level of economic security of financial and credit institutions. Approbation of the proposed methodology was carried out on the assessment of the activities of five banking institutions. According to the analysis obtained, the relevance of the proposed methodology for assessing the level of economic security of financial and credit institutions has been proven.
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spelling doaj.art-abd6bff2e2aa418f9b1783976bbad4562023-09-03T09:39:48ZengFINTECH Alliance LLCФінансово-кредитна діяльність: проблеми теорії та практики2306-49942310-87702023-04-0124910.55643/fcaptp.2.49.2023.4037METHODICAL APPROACH TO ASSESSING FINANCIAL AND CREDIT INSTITUTIONS’ ECONOMIC SECURITY LEVELSvitlana Onyshchenko0Igor Shchurov1Anna Cherviak2Oleksandr Kivshyk3D.Sc. in Economics, Professor of the Finance, Banking Business and Taxation Department, National University «Yuri Kondratyuk Poltava Polytechnic», Poltava, UkraineCandidate of Technical Sciences, Doctoral Student of Finance, Banking Business and Taxation Department, National University «Yuri Kondratyuk Poltava Polytechnic», Poltava, UkrainePhD in Economics, National University «Yuri Kondratyuk Poltava Polytechnic», Poltava, UkraineCandidate of Technical Sciences, Doctoral Student of the Finance, Banking Business and Taxation Department, National University «Yuri Kondratyuk Poltava Polytechnic», Poltava, Ukraine Ensuring the economic security of the functioning of all economic entities is one of the main tasks, the solution of which makes it possible to preserve national sovereignty. Since February 24, 2022, the domestic economy has been suffering from russia's brutal, open and large-scale military aggression and is in a state of constant turbulence. That, in turn, causes increased attention to security issues at all levels of the economy in the face of global, geopolitical, and domestic economic threats. That is why this study aims to develop a methodical approach to assessing the level of economic security of financial and credit institutions. Scientific approaches to the definition of the concept of "economic security of financial and credit institutions" are analyzed and the author's vision of the concept through the prism of development is proposed. The existing methodical approaches of domestic scientists to the assessment of the level of economic security of financial and credit institutions were studied. A methodology for assessing the level of economic security of financial and credit institutions based on the scoring approach has been developed. Quantitative and qualitative components of economic security are highlighted, which are proposed to be analyzed in the study of economic security. It is proposed to use the Harrington scale to determine the level of economic security of financial and credit institutions. Approbation of the proposed methodology was carried out on the assessment of the activities of five banking institutions. According to the analysis obtained, the relevance of the proposed methodology for assessing the level of economic security of financial and credit institutions has been proven. https://fkd.net.ua/index.php/fkd/article/view/4037economic securitymethodologysecurity levelfinancial and credit institutionsfinancial system of Ukraine
spellingShingle Svitlana Onyshchenko
Igor Shchurov
Anna Cherviak
Oleksandr Kivshyk
METHODICAL APPROACH TO ASSESSING FINANCIAL AND CREDIT INSTITUTIONS’ ECONOMIC SECURITY LEVEL
Фінансово-кредитна діяльність: проблеми теорії та практики
economic security
methodology
security level
financial and credit institutions
financial system of Ukraine
title METHODICAL APPROACH TO ASSESSING FINANCIAL AND CREDIT INSTITUTIONS’ ECONOMIC SECURITY LEVEL
title_full METHODICAL APPROACH TO ASSESSING FINANCIAL AND CREDIT INSTITUTIONS’ ECONOMIC SECURITY LEVEL
title_fullStr METHODICAL APPROACH TO ASSESSING FINANCIAL AND CREDIT INSTITUTIONS’ ECONOMIC SECURITY LEVEL
title_full_unstemmed METHODICAL APPROACH TO ASSESSING FINANCIAL AND CREDIT INSTITUTIONS’ ECONOMIC SECURITY LEVEL
title_short METHODICAL APPROACH TO ASSESSING FINANCIAL AND CREDIT INSTITUTIONS’ ECONOMIC SECURITY LEVEL
title_sort methodical approach to assessing financial and credit institutions economic security level
topic economic security
methodology
security level
financial and credit institutions
financial system of Ukraine
url https://fkd.net.ua/index.php/fkd/article/view/4037
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AT oleksandrkivshyk methodicalapproachtoassessingfinancialandcreditinstitutionseconomicsecuritylevel