ENSURING THE EFFICIENCY OF MANAGING THE FINANCIAL AND ECONOMIC SECURITY OF THE ENTERPRISE DURING THE CRISIS
The purpose of the article is to present effective anti-crisis management measures to bring enterprises out of the crisis situation and improve their financial and economic security. The subject of this study is the financial and economic security of an enterprise during a crisis. Methodology. Using the historical and comparative methods, the author analyzes the events of recent years and analyzes the impact of external factors on the formation of the crisis state of an enterprise. The economic and statistical method made it possible to analyze the scale of damage caused by the Russian Federation to the state of Ukraine during almost nine years of active hostilities in violation of such principles of international law as the principle of non-use of force or threat of force; the principle of sovereign equality of states; the principle of equality and self-determination of peoples; the principle of peaceful settlement of international disputes; the principle of non-interference in the internal affairs of states; the principle of peaceful cooperation; the principle of fulfilling international obligations in good faith; the principle of inviolability of borders; the principle of territorial integrity of states; the principle of universal respect and protection of human rights; and to see what level of crisis the terrorist state of the Russian Federation has spread in the largest country of the European Union, namely Ukraine. Using the philosophical dialectical method, the author analyzes the very phenomenon of crisis in the broad sense of the word and finds a way to respond to the challenges of the crisis. Results. This study assesses the benefits that have contributed to the development of economic relations with countries in Africa, Asia, and Europe. The losses suffered by the Ukrainian economic system due to the destructive processes of the crisis are analyzed. The author examines the peace formula approved by Volodymyr Zelenskyy, which provides for the implementation of measures aimed at shaping peace in the European space and correcting the mistakes made by officials of the terrorist state of the Russian Federation, which led to terrible consequences; the author analyzes the achievements of this peace formula and determines how much benefit and lives it has already brought. The practical significance lies in the definition of reorganization as one of the best anti-crisis management measures that can bring an enterprise out of a crisis. In particular, attention is drawn to the effectiveness of rehabilitation measures that can restore the solvency of an enterprise. In turn, taking into account the established practice of attracting investment capital as a means of improving the economic activity of an enterprise, the author analyzes the risks of losing property and non-property assets in the event of adverse conditions and proposes to create a mechanism for investment guarantees, which consist in preserving assets by the investor in the event of adverse market fluctuations. The scientific novelty lies in the proposal to amend the current legislation to guarantee the safety of the rehabilitation procedure to the investor by mitigating the risk of loss of invested assets in restoring the enterprise's solvency.
How to Cite
crisis, rehabilitation, investor, crisis management
Murdoch, C., Knorr, K., & Trager, F. (2001). Economic Factors as Objects of Security: Economics Security & Vulnerability. Economic Interests & National Security. Lawrence.
Na lystopad 2022 roku zahalna suma zbytkiv, zavdana infrastrukturi Ukrainy, skladaie maizhe $136 mlrd [As of November 2022, the total amount of damage caused to the infrastructure of Ukraine is almost $136 billion]. Available at: https://kse.ua/ua/about-the-school/news/na-listopad-2022-roku-zagalna-suma-zbitkiv-zavdana-infrastrukturi-ukrayini-skladaye-mayzhe-136-mlrd/
Nelson, R. N., Belkin, P., Mix, D. E., & Weiss, M. A. (2012) The eurozone crisis: over-view and issues for congress. Congressional Research Service Report R42377, May 31, 2012.
The Eurozone crisis: overview and issues for congress. Available at: http://de.slideshare.net/kamalsood/r42377
Zvit pro finansovu stabilnist. Hruden 2022 roku [Report on financial stability. December 2022]. Available at: https://bank.gov.ua/admin_uploads/article/FSR_2022-H2.pdf?v=4
Dorozhnia karta intehratsii Ukrainy do Yevropeiskoho doslidnytskoho prostoru (ERA-UA) [Roadmap for Ukraine's integration into the European Research Area (ERA-UA)]. Available at: https://mon.gov.ua/ua/tag/era-ua (in Ukrainian)
Kopyliuk, O. I., & Shtanhret, A. M. (2005). Finansova sanatsiia ta bankrutstvo pidpryiemstv: navchalnyi posibnyk [Financial rehabilitation and bankruptcy of enterprises: a study guide]. Kyiv: Tsentr navchalnoi literatury.
Kosevtsov, V. O., & Binko, I. F. (1996). Natsionalna bezpeka Ukrainy: problemy ta shliakhy realizatsii priorytetnykh natsionalnykh interesiv [National security of Ukraine: problems and ways of realizing priority national interests]. Kyiv: NISD.
Krakos, Yu. B., & Razghon, R. O. (2008). Upravlinnia finansovoiu bezpekoiu pidpryiemstv [Management of financial security of enterprises]. Ekonomika ta upravlinnia pidpryiemstvamy mashynobudivnoi haluzi, vol.1(1), pp. 86–97.
Kodeks Ukrainy z protsedur bankrutstva [Code of Ukraine on Bankruptcy Procedures]. Available at: https://zakon.rada.gov.ua/laws/show/2597-19#Text
Konstytutsiia Ukrainy: pryiniata na piatii sesii Verkhovnoi Rady Ukrainy 28 chervnia 1996 r. [The Constitution of Ukraine: adopted at the fifth session of the Verkhovna Rada of Ukraine on June 28, 1996]. Available at: https://zakon.rada.gov.ua/laws/show/254%D0%BA/96-%D0%B2%D1%80
Luchka, A. V. (2009). Biudzhetnyi potentsial finansovoi nezalezhnosti mistsevoho samovriaduvannia: avtoref. dys... kand. ekon. nauk [Budget potential of financial independence of local self-government: autoref. dis... cand. economy sciences: 08.00.08]. Ternopil.
Liashenko, O. M. (2015). Kontseptualizatsiia upravlinnia ekonomichnoiu bezpekoiu pidpryiemstva: monohrafiia [Conceptualization of management of economic security of the enterprise: monograph]. Available at: http://www.nisss.gov.ua/content/articles/files/lyashenko_1_druk-43fc7.pdf
Marchenko, O. M. (2003). Kontseptualni zasady upravlinnia finansovoiu bezpekoiu pidpryiemstva [Conceptual principles of managing the financial security of the enterprise]. Bulletin of Lviv State University, vol. 32, pp. 100–105.
Iasynskaia, D. V. (2014). Konstytutsyonno-pravovoe rehulyrovanye mestnykh referendumov v Ukrayne [Constitutional and legal regulation of local referendums in Ukraine]. Priorities of national reform of the state and law: theory and practice: Collection of materials of the International Legal Scientific and Practical Internet Conference (Kyiv, October 8, 2014). Kyiv, pp. 106–108.
Iasynskaia, D. V., & Bondarchuk, N. V. (2020). Rol venchurnoho ynvestyrovanyia v razvytyy ahropromyshlennoho proyzvodstva Ukrayny [The role of venture capital investment in the development of agro-industrial production in Ukraine]. Economy in the context of global changes in society: Materials of the International scientific and practical conference (Dnipro, July 18, 2020). Dnipro, pp. 34–36.
Yak maie rozvyvatysia ukrainska nauka pislia viiny [How should Ukrainian science develop after the war]. zn.ua. Available at: https://zn.ua/ukr/EDUCATION/jak-maje-rozvivatisja-ukrajinska-nauka-pislja-vijni-.html
Nakaz Ministerstva ekonomiky "Pro zatverdzhennia Metodychnykh rekomendatsii shchodo vyiavlennia oznak neplatospromozhnosti pidpryiemstva ta oznak dii z prykhovuvannia bankrutstva, fiktyvnoho bankrutstva chy dovedennia do bankrutstva" vid 19.01.2006 № 14 [Decree of the Ministry of Economy "On the Approval of the Methodological Recommendations on the Revealing of a Sign of Incompatibility of Entrepreneurship and a Sign of Bankruptcy, Fictitious Bankruptcy and Bringing to Bankruptcy" dated 19.01.2006, № 14]. Available at: https://zakon.rada.gov.ua/rada/show/v0014665-06#Text
Zakon Ukrainy "Pro vseukrainskyi referendum" vid 26.01.2021, № 1135-IX [Law of Ukraine "On All-Ukrainian Referendum" dated 26.01.2021, № 1135-IX]. Available at: https://zakon.rada.gov.ua/laws/show/1135-20#Text
Zakon Ukrainy "Pro pravovyi rezhym voiennoho stanu" vid 12.05.2015, №389-VIII [Law of Ukraine "On the Legal Regime of Martial Law"]. Available at: https://zakon.rada.gov.ua/laws/show/389-19#Text
Ukaz Prezydenta Ukrainy vid 24.02.2022, №64/2022 [Decree of the President of Ukraine dated February 24, 2022 No. 64/2022]. Available at: https://www.president.gov.ua/documents/642022-41397
Postanova Kabinetu Ministriv Ukrainy "Pro zatverdzhennia Poriadku vyznachennia shkody ta zbytkiv, zavdanykh Ukraini vnaslidok zbroinoi ahresii Rosiiskoi Federatsii" vid 20.03.2022, № 326 [Resolution of the Cabinet of Ministers of Ukraine "On approval of the Procedure for determining damage and losses caused to Ukraine as a result of the armed aggression of the Russian Federation" dated March 20, 2022 №. 326]. Available at: https://zakon.rada.gov.ua/laws/show/326-2022-%D0%BF#Text
This work is licensed under a Creative Commons Attribution 4.0 International License.