Bìznes Inform (Oct 2019)
Modeling the Enterprise’s Financial Security Mechanism
Abstract
The article is aimed at modeling the mechanism of the financial security of enterprise in accordance with its functional structural constituents. The role of the enterprise’s financial security is examined in the process of of economic security formation. The main stages of formation of the category of «financial security» are considered. A distinction analysis of the concepts of «economic security of enterprise» and «financial security of enterprise» is carried out, their main differences and common features are defined. The essence of the enterprise’s financial security as part of the enterprise’s economic security is specified. The authors’ own interpretation of the concept of «financial security of enterprise» is presented. The authors’ own approach to modeling the financial security mechanism of enterprise is proposed, its main constituents are defined and the role of each of them in its structure is described. Threats to financial security in the macro- and micro-environment are identified and characterized, and the dependence of the enterprise’s financial security on the financial security of the State is proved. The main stages of managerial activity in the process of building-up the financial security of enterprise are allocated and their relationship with the main goal of enterprise is displayed. The main constituents of formation of the financial security of enterprise are substantiated and the role of the enterprise’s resource provision in this process is identified. The main elements of the enterprise’s resource potential are characterized. Prospects for further research on this issue are studying the impact of the enterprise’s resource provision on its financial security and developnig a mechanism of resource provision for financial security of the State.
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