Developing a System of Economic Security Indicators for Holdings: Theory and Practice

Abstract

The article introduces the case of economic security analysis of the Romashin Technology Research and Production Holding, Obninsk, Russia. The author relied on various theoretical and practical aspects of economic security indicators as a system. The holding in Obninsk united seven enterprises, each of which conducted its own business activities. As a result, a timely preventive diagnosis of risks and threats became a rather complicated issue.The research objective was to identify and justify a set of economic security indicators for the holding in question. A comprehensive analysis of financial reports of all organizations within the holding made it possible to identify external and internal threats to the economic security of the entire holding and its parts. The diagnostics was carried out on the basis of safety indicators, which were divided into safety groups. If the indicators were outside the regulatory level, the holding was recommended to stabilize them. The study also revealed some opportunities for further development, as well as yielded measures to eliminate the negative external impact. Government Decree No. 351, March 12, 2022, allowed Russian companies not to publish reports, thus protecting them against potential harm from unfriendly countries. However, the Decree prevented the author from getting access to the current financial data, which made the analysis retrospective.