Preview

Proceedings of the Voronezh State University of Engineering Technologies

Advanced search

FINANCIAL STABILITY AS A FACTOR ECONOMIC SECURITY

https://doi.org/10.20914/2310-1202-2015-3-258-262

Abstract

Summary. The article examines the linkages between financial stability and the level of its economic security. Considered the content of financial stability, represented by its own definition, we studied the basic conditions to achieve it. The logic diagram showing the location of financial stability and financial security to ensure the economic security of the business entity. A system of internal and external factors affecting the financial stability and endanger financial stability and financial security company. It has been established that it is the internal factors such as the availability of financial resources and financial position, capital structure, the company's ability to generate profits determine the level of economic security and its ability to withstand the negative impact of external and internal threats. The necessity of improving the financial sustainability in order to improve the economic security of the enterprise. On the basis of the research proposed matrix of risks affecting the financial stability and economic security, which allows to determine the probability of their occurrence and impact. It presents the economic, social, human, financial, organizational, economic, innovative and productive tools to increase the stability and financial security of an economic entity. List considered standard measures will make a plan of action to minimize the adverse impacts and enhance financial stability and security. Therefore, a prerequisite for the economic security of the enterprise is the attainment of financial stability.

About the Authors

A. V. Endovitskaya
Voronezh. VF Plekhanov Russian University of Economics (PRUE)
Russian Federation
Associate professor


T. A. Volkova
Voronezh. VF Plekhanov Russian University of Economics (PRUE)
Russian Federation
associate professor


References

1. Balaeva O.N., Dudko E.V. Evaluation of the financial security of small and medium enterprises. Russkoe predprinimatel’stvo. [Russian Entrepreneurship], 2013, no. 14 (236), pp. 71-83. (In Russ.).

2. Bіlomіstna І.І., Bіlomіstnii O.M., Kovalchuk A.I. The essence of the structure of the mechanism of financial security business. Innovatsionnaya ekonomika. [Innovation economic], 2013, no. 11, pp. 51-56. (In Ukr.).

3. Gilyarovskaya LT, Endovitsky AV The analysis and assessment of financial stability of commercial organizations. M: Unity-Dana, 2012 168 c.

4. Endovitskii A.V., Volkova T.A. Baliashvili D.U. Theoretical and methodological approaches to defining the essence of economic security and its assessment. Sovremennaya ekonomika. [Modern Economy: Problems and Solutions], 2014, no. 10 (58), pp. 62-68. (In Russ.).

5. Kapanadze G.D. Financial stability of Russian companies and economic security. Russkoe predprinimatel’stvo. [Russian Entrepreneurship], 2012, no. 22 (220), pp. 10-16. (In Russ.).

6. Grishova I. Financial mechanism of economic security company. The collection includes material reports 3rd International Scientific and Practical Conference "Science and Society". London 20-21 March 2013, vol. 2, pp. 167-181. (In Russ.).


Review

For citations:


Endovitskaya A.V., Volkova T.A. FINANCIAL STABILITY AS A FACTOR ECONOMIC SECURITY. Proceedings of the Voronezh State University of Engineering Technologies. 2015;(3):258-262. (In Russ.) https://doi.org/10.20914/2310-1202-2015-3-258-262

Views: 1487


Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 License.


ISSN 2226-910X (Print)
ISSN 2310-1202 (Online)