Rapid Assessment of the State of Economic and Financial Security of the Ukrainian Defense Enterprises in Conditions of Interaction with Business Environment

DOI

10.2991/aebmr.k.210826.014How to use a DOI?

Keywords

defense enterprises, economic and financial, rapid assessment, integrated indicator, active interaction

Abstract

In the context of expanding the range of interaction of defense companies with the market environment, it is important to improve approaches to assess their economic and financial security to identify importance, and impacting vectors of external factors, and propose timely response to their impact. There is a need to improve and implement integrated rating approaches to assess and increase their adequacy to modern market conditions, increase efficiency of that assessment and determine a number of indicators for its performance. With this in mind, the method and indicators of rapid assessment of the state of financial and economic security of defense enterprises are proposed. The rapid assessment results in the calculation of an integrated indicator of financial and economic security of an enterprise, which takes into account the indicators of interaction of the enterprise with the business environment, which indirectly reflects their impact. To interpret the results of the assessment of the integrated indicator, the mathematical distribution of the set of points in a quarter was used. The results of the rapid assessment of financial and economic security at 11 domestic defense companies has indicated improvement of their financial and economic security values with the beginning of the military conflict in the Eastern Ukraine and confirmed indirect impact of enterprises’ active interaction with the external partners on their economic and financial security (by boosting exports-imports contracts, establishing partnerships with suppliers/consumers, government relations with the state, etc.).

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Lyudmila Shemayeva
AU  - Polina Tolok
AU  - Yurii Ivanov
PY  - 2021
DA  - 2021/08/27
TI  - Rapid Assessment of the State of Economic and Financial Security of the Ukrainian Defense Enterprises in Conditions of Interaction with Business Environment
BT  - Proceedings of the International Conference on Business, Accounting, Management, Banking, Economic Security and Legal Regulation Research (BAMBEL 2021)
PB  - Atlantis Press
SP  - 78
EP  - 82
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210826.014
DO  - 10.2991/aebmr.k.210826.014
ID  - Shemayeva2021
ER  -