ASSESSMENT OF THE LEVEL OF ECONOMIC SECURITY OF INNOVATIVELY ACTIVE ENTERPRISES AS THE BASIS OF THE MANAGEMENT PROCESS WITHIN THE FINANCIAL AND LEGAL FIELD

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DOI:

https://doi.org/10.18371/fcaptp.v4i39.241310

Abstract

Abstract. Today, in the current conditions of enterprise management, it is relevant to build and implement an effective economic security management system in the enterprise’s activities. Accordingly, as a control element, it is necessary to highlight the value of assessing the level of economic security in order to make the company’s specialists successful management decisions. Under the influence of momentary changes in management, it is problematic to select the theoretical and methodological foundations that will be used in such an element of enterprise management, including economic security, as an assessment. Some parameters that are obtained when assessing the level of economic security of an enterprise do not take into account all important aspects of activities. The main goal is to assess the level of economic security of innovatively active enterprises as the basis of the management process within the financial and legal field. The expediency of applying the Solow model to determine the level of economic security of innovatively active enterprises, based on the use of such quantitative indicators as the available labor resources, production assets, the volume of investment in innovation, the volume of non-productive consumption and the final product, is proposed and substantiated. The use of this technique allows us to conclude about the importance of resource provision and the dominant influence of the provision of labor resources to innovatively active enterprises. The research methodology assumes that at the present stage, the assessment of the level of economic security of enterprises is carried out using various methods and techniques. Agreeing with the permanent approaches proposed by economists, we propose to adapt to the system of methods for assessing the economic security of enterprises a method based on the use of the Solow model, the essence of which is that the economic security of an enterprise is considered as a whole economic phenomenon.

Keywords: economic security, innovatively active enterprises, management process, financial and legal field

JEL Classification B49, C10, C13, M20

 Formulas: 5; fig.: 0; tabl.: 1; bibl.: 15.

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Published

2021-09-10

How to Cite

Litvin, N. ., Grabar, N. ., Tymofeev, S. ., Harasym, P. ., & Myshchyshyn, O. . (2021). ASSESSMENT OF THE LEVEL OF ECONOMIC SECURITY OF INNOVATIVELY ACTIVE ENTERPRISES AS THE BASIS OF THE MANAGEMENT PROCESS WITHIN THE FINANCIAL AND LEGAL FIELD. Financial and Credit Activity: Problems of Theory and Practice, 4(39), 209–215. https://doi.org/10.18371/fcaptp.v4i39.241310

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Section

The models and process technology of the financial information