Stability of production and trading companies considering their economic security
The economic security of any company depends on its solvency and financial stability. It is also affected by uneven economic development due to the global financial crises, the impact of the COVID-19 pandemic, increased competition from industrial and commercial companies, and military conflicts. Th...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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LLC "CPC "Business Perspectives"
2022-03-01
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| Series: | Problems and Perspectives in Management |
| Subjects: | |
| Online Access: | https://www.businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/16295/PPM_2022_01_Mazaraki.pdf |
| _version_ | 1818273133492174848 |
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| author | Anatolii Mazaraki Tetiana Zubko |
| author_facet | Anatolii Mazaraki Tetiana Zubko |
| author_sort | Anatolii Mazaraki |
| collection | DOAJ |
| description | The economic security of any company depends on its solvency and financial stability. It is also affected by uneven economic development due to the global financial crises, the impact of the COVID-19 pandemic, increased competition from industrial and commercial companies, and military conflicts. Thus, it is necessary to assess the stability of companies as a basis for their economic security, taking into account the indicators of solvency and financial stability. The paper used systematization, comparative analysis, ranking, expert interview (in-depth interview), and Fishburne’s method. First, the scheme of ensuring the financial stability and solvency of production and trading companies is proposed. Second, the evaluation indicators system is developed, and the rating scale of stability of production and trading companies is determined. According to the results, evaluation indicators were formed; some were calculated according to companies’ financial statements and management accounting. Finally, to increase the efficiency of technical and economic parameters, areas for regulating the activities of companies and ensuring their stability were identified. According to an in-depth interview with experts, the sampled company received 69 points and corresponded to a sufficient level of stability. Factors that negatively affected the stability of companies’ activities include quality indicators, namely compliance with standards, company image, digitalization, compliance with corporate culture, and personnel management policy. |
| first_indexed | 2024-12-12T21:53:07Z |
| format | Article |
| id | doaj.art-fc9e0ea2ef4f4774ac64dcab343d1f6d |
| institution | Directory Open Access Journal |
| issn | 1727-7051 1810-5467 |
| language | English |
| last_indexed | 2024-12-12T21:53:07Z |
| publishDate | 2022-03-01 |
| publisher | LLC "CPC "Business Perspectives" |
| record_format | Article |
| series | Problems and Perspectives in Management |
| spelling | doaj.art-fc9e0ea2ef4f4774ac64dcab343d1f6d2022-12-22T00:10:44ZengLLC "CPC "Business Perspectives"Problems and Perspectives in Management1727-70511810-54672022-03-0120144545810.21511/ppm.20(1).2022.3616295Stability of production and trading companies considering their economic securityAnatolii Mazaraki0https://orcid.org/0000-0001-5283-8444Tetiana Zubko1https://orcid.org/0000-0002-8950-1797Doctor of Economics, Professor, Kyiv National University of Trade and EconomicsCandidate of Economic Sciences, Associate Professor, Kyiv National University of Trade and EconomicsThe economic security of any company depends on its solvency and financial stability. It is also affected by uneven economic development due to the global financial crises, the impact of the COVID-19 pandemic, increased competition from industrial and commercial companies, and military conflicts. Thus, it is necessary to assess the stability of companies as a basis for their economic security, taking into account the indicators of solvency and financial stability. The paper used systematization, comparative analysis, ranking, expert interview (in-depth interview), and Fishburne’s method. First, the scheme of ensuring the financial stability and solvency of production and trading companies is proposed. Second, the evaluation indicators system is developed, and the rating scale of stability of production and trading companies is determined. According to the results, evaluation indicators were formed; some were calculated according to companies’ financial statements and management accounting. Finally, to increase the efficiency of technical and economic parameters, areas for regulating the activities of companies and ensuring their stability were identified. According to an in-depth interview with experts, the sampled company received 69 points and corresponded to a sufficient level of stability. Factors that negatively affected the stability of companies’ activities include quality indicators, namely compliance with standards, company image, digitalization, compliance with corporate culture, and personnel management policy.https://www.businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/16295/PPM_2022_01_Mazaraki.pdfactivitycompanieseconomic securityfinancial stabilityindicatorssolvency |
| spellingShingle | Anatolii Mazaraki Tetiana Zubko Stability of production and trading companies considering their economic security Problems and Perspectives in Management activity companies economic security financial stability indicators solvency |
| title | Stability of production and trading companies considering their economic security |
| title_full | Stability of production and trading companies considering their economic security |
| title_fullStr | Stability of production and trading companies considering their economic security |
| title_full_unstemmed | Stability of production and trading companies considering their economic security |
| title_short | Stability of production and trading companies considering their economic security |
| title_sort | stability of production and trading companies considering their economic security |
| topic | activity companies economic security financial stability indicators solvency |
| url | https://www.businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/16295/PPM_2022_01_Mazaraki.pdf |
| work_keys_str_mv | AT anatoliimazaraki stabilityofproductionandtradingcompaniesconsideringtheireconomicsecurity AT tetianazubko stabilityofproductionandtradingcompaniesconsideringtheireconomicsecurity |