TRANSFORMATION PROCESSES IN THE SYSTEM OF PROVIDING ECONOMIC SECURITY OF INVESTMENT ACTIVITIES OF INDUSTRIAL ENTERPRISES

##plugins.themes.bootstrap3.article.main##

##plugins.themes.bootstrap3.article.sidebar##

Abstract

The article objective is identifying the main transformational processes affecting the economic security of investment activities of industrial enterprises, which are the guarantee to their long-term development and the formation of a program for the transformation of the economic security system of enterprises in order to protect investment activity from the negative impact of changes in the external and internal environment. Methodology. The research is based on analytical materials and results of the evaluation of the dynamics of world investments for 2017 and statistical information concerning direct investments from different countries of the world in Ukrainian economics. The main postulates of the institutional theory are also used to characterize institutional changes in Ukraine for detailing their impact on the economic security of the investment activity of Ukrainian industrial enterprises. Results. The research results indicate negative tendencies in the sphere of investment both for the country as a whole and for particular economic entities. This is caused by the military conflict in the East of the country and investors’ distrust to the institutional component of the functioning of the domestic economy. This situation indicates the need to introduce changes in the system of economic security of domestic enterprises. Practical implications. The authors developed the program for the transformation of the economic security system of enterprises, taking into account the actual needs for ensuring the economic security of their investment activity. Value/originality. After transformations implementation, the economic security system of enterprises receives new characteristics and allows mitigating relevant threats with different efficiency level.

How to Cite

Havlovska, N., Rudnichenko, Y., & Lisovskyi, I. (2019). TRANSFORMATION PROCESSES IN THE SYSTEM OF PROVIDING ECONOMIC SECURITY OF INVESTMENT ACTIVITIES OF INDUSTRIAL ENTERPRISES. Baltic Journal of Economic Studies, 5(2), 18-23. https://doi.org/10.30525/2256-0742/2019-5-2-18-23
Article views: 14103 | PDF Downloads: 169

##plugins.themes.bootstrap3.article.details##

Keywords

economic security, investment activity, transformations, institutions

References

Vasyltsiv, T. H. (2008). Ekonomichna bezpeka pidpryiemnytstva Ukrainy: stratehiia ta mekhanizmy zmitsnennia [Economic Security of Ukrainian entrepreneurship: strategy and mechanisms for enhancement]. Lviv: Aral, 384 p. (in Ukrainian)

Kyrylenko, V. I. (2005). Investytsiina skladova ekonomichnoi bezpeky [Investment component of economic security]. Kyiv: KNEU, 232 p. (in Ukrainian)

Stadnyk, V. V., Rudinchenko, Ye. M., Tomal, T. S., Nepogodina, N. I. (2008). Innovatsiino-investytsiini stratehii v upravlinnia rynkovoiu vartistiu pidpryiemstva [Innovative-investment strategies in managing the market value of enterprises]. Khmelnytsky: TRIADA, 234 p. (in Ukrainian)

United Nations (2017). World Investment Report 2018. Investment and New Industrial Policies, Geneva: Printed at United Nations. Retrieved from: http://unctad.org/en/PublicationsLibrary/wir2018_en.pdf

State Statistics Service of Ukraine (2016). Priami investytsii (aktsionernyi kapital) iz krain svitu v ekonomitsi Ukrainy u 2016 rotsi [Direct investments (share capital) from the world countries in the economy of Ukraine in 2016]. Retrieved from: http://www.ukrstat.gov.ua/operativ/operativ2016/zd/ivu/ivu_u/ivu0416.html (in Ukrainian)

Rudnichenko, Ye. M., Havlovska, N. I., Yadukha, S. Y. (2018). Implementation of managerial innovations in the sys-tem of providing economic security for subjects of foreign economic activity. Scientific bulletin of Polissia, 1(13), 88–94. Retrieved from: http://nvp.stu.cn.ua/uk/component/k2/item/950-rudnichenko-ye-m-havlovskan-i-yadukha-s-y-implementation-of-managerial-innovations-in-the-system-of-providing-economic-security-forsubjects-of-foreign-economic-activity.html

Furubotn, E., Richter, R. (1998). Institutions and Economic Theory. The Contribution of the New Institutional Economics. Ann Arbor, Michigan: The University of Michigan Press, 672 p.

Hamilton, D. (1986). Technology and institutions are neither. Journal of Economic Issues, 20(2), 525–532.

Williamson, O. E. (1985). Reflection on the new institutional economics. Journal of theoretical and institutional economics, 141(1), 187–195.

Voynarenko, M. P., Dzhedzhula, V. V., Yepifanova, I. Yu. (2016). Modeliuvannia protsesu pryiniattia rishennia shchodo dzherel finansuvannia innovatsiinoi diialnosti [Modelling the process of making decisions on sources of financing of innovation activity]. Economic Annals-ХХI, 160(7–8), 126–128. Retrieved from: http://soskin.info/userfiles/file/Economic-Annals-pdf/DOI/ea-V160-25.pdf (in Ukrainian)

Institute for Economics & Peace (2018). Global Peace Index: Measuring Peace in a Complex World. Retrieved from: http://visionofhumanity.org/