No abstract
The article is devoted to the issues of strengthening the financial and economic security of critical infrastructure enterprises of Ukraine under martial law. It is proved that the optimality of the volumes of receivables and payables, their balance, and timeliness of repayment are the basis for ensuring liquidity, solvency, financial independence, and safe functioning of the business entity as a whole. The article analyzes the dynamics, structure, ratio and indicators of turnover of accounts receivable and accounts payable of the critical infrastructure object of JSC “POLTAVAOBLENERGO”. The influence of accounts receivable on the liquidity of the enterprise, its profitability and financial stability is determined. The influence of accounts payable on the financial independence of an enterprise and its solvency is substantiated. The indirect impact of accounts payable on the profitability of an enterprise is proved. It is established that the uncertainty and variability of the business environment, especially under martial law, complicates the process of making management decisions. The level of their validity and effectiveness depends on the ability of management to foresee possible scenarios. Therefore, forecasting is rightly recognized as an integral part of determining the directions of debt optimization. On the basis of forecasting, the risk of debt growth of the researched enterprise is identified and directions for optimizing the amount of receivables and payables are proposed, which will not only improve financial stability but also strengthen the financial and economic security of the enterprise as a whole. The priority measures to optimize the accounts payable of JSC “POLTAVAOBLENERGO” are as follows: introduction of a system of control over accounts receivable and accounts payable at the enterprise; introduction of control over the quality of services provided to consumers; monitoring of settlements with creditors for deferred or overdue debts and identifying reasons for non-compliance with the terms of the contract; obtaining state support under martial law.
The article is devoted to the issues of managing the efficiency of an enterprise's operating activities. It is proved that in the context of increasing risks and threats to the functioning of business entities, improving the efficiency of operating activities is a determinant of financial stability, stability and financial and economic security. It is substantiated that in order to achieve a high level of efficiency of operating activities, an effective management system should be built at an enterprise. The carried out constructive analysis of scientific works allowed to note that there is no single approach to the interpretation of the concept of "performance management". On the basis of generalization of approaches to performance management, the main essential characteristics are outlined. The author's own definition of performance management on the basis of an integrated and systematic approach is presented. It is proved that the basis for managing the efficiency of operational activities is a systematic analysis of its level. The applied nature of the study led to the determination of the level of efficiency of operating activities on the example of one of the domestic enterprises – the private company "Myrhorod Mineral Water Plant". The main reason for its decline in 2020 is the presence of low-margin products among the company's product mix. In order to confirm the impact of operating performance on the financial and economic security of the enterprise, a correlation and regression analysis of the indicators of the level of operating performance (determined by the indicator of adjusted operating profit before financial expenses and depreciation) and the level of financial and economic security was carried out. On the basis of correlation and regression analysis, the relationship between the studied indicators is proved, which requires improving the quality of management of operating performance as a basis for ensuring the safe functioning of the enterprise. Prospects for further research in this direction are the formation of a system for managing the efficiency of the enterprise's operating activities in terms of ensuring financial and economic security.
In recent years, unprecedented risks and threats to the functioning of national economies have emerged. In particular, the specific nature and consequences of the COVID-19 pandemic have necessitated the implementation of measures aimed at supporting aggregate demand, business activity, and stabilizing the financial situation of citizens and business entities [1]. The biggest threat in 2022 for both economic and national security in general was the direct military aggression of the Russian Federation. Support, stabilization, restoration and development of the national economy of Ukraine are possible only if the tax policy of the state is effectively implemented. At the same time, the basis for reforming the tax system is the analysis of its current state and evaluation of the implemented measures.
The article is devoted to the study of the impact of information policy on the financial security of the state. The problem of information protection, ensuring an effective information policy in the conditions of intensification of the information war of the Russian Federation against Ukraine is actualized. It is proved that an effective information policy is able to protect the interests of citizens, business and the state in the information space, promote the devel-opment of information stability of society, counteract possible risks and threats. The calculated integrated indicator of Ukraine's financial security testified to its dangerous level and the need to increase it. In this aspect, an effective information policy that enables citizens, businesses and the state to resist the dangers and threats that may cause financial damage, identified as one of the main components of the system of financial security of the state. The hypothesis of the relationship between the level of efficiency of information policy and the level of financial security of the country was confirmed in the study by applying such methods as rationing, quantization, indicator method, methods of correlation-regression and integrated analysis. At the same time, the evaluation of the effectiveness of Ukraine's information policy was carried out on the basis of the definition of an integrated indicator, the calculation of which was based on such global indices as Press Freedom Indeх, Social Progress Index, EGDІ, Global Innova-tion Indeх. The conducted correlation-regression analysis showed the connection of medium closeness between the level of efficiency of information policy and the level of financial security of Ukraine. Given the active spread of misinformation in the information war, the strategic directions of information policy implementation in the context of increasing the level of financial security of Ukraine are substantiated. First of all, it is the development of a national information infrastructure capable of counteracting external and internal risks and threats, ensuring the protection of national interests, including economic ones. At the same time, the effectiveness of the measures to be implemented is possible only if they are comprehensive and systematic.
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