Determining the impact of digitalization on the economic security of trade

Abstract

The modern system of relations between countries is being transformed with the spread of digitalization. Accordingly, there is a need to study the practical aspects of digitalization of trade as a major component of international relations. Therefore, this study aims to determine the impact of digitalization processes on the performance and economic security of trade. The main directions for the development of digitalization in trade were determined and the influence of digital technologies on the economic security of trade entities (enterprises) was investigated. The main components of the economic security of trade enterprises were identified. The main difficulties in the development of the digital economy were highlighted. The main directions for the development of digitalization of trade enterprises were determined. The list of factors that most influence the formation of trade turnover was substantiated: income of the population, number of trade workers, inventories, producer price indices, digital technologies (telecommunications, data processing, etc.). Methods of economic statistics (statistical observation, dynamic and structural analysis) were used to test the hypothesis of the relationship between informatization and economic security of trade enterprises. Methods of correlation and regression analysis were used to study the strength of the relationship between the volume of turnover and the factors that determine it. Based on the modeling, a statistically significant relationship was identified between the indicators of the volume of information and related services and trade volumes, which confirms the dependence of the economic security of trade enterprises on digitalization. The proposal to supplement the already existing methodology for assessing the economic security of the trade enterprise with indicators reflecting the impact of digital technologies was justified. The results of the study can be useful for adapting strategies for the development of trade enterprises in the context of the global digital ecosystem.

Determining the patterns of using information protection systems at financial institutions in order to improve the level of financial security

“…Our result correlates with the conclusions of previous scientific works. In particular, paper [10] confirms the hypothesis of the relationship between digitization and the results of business entities in the field of trade. At the same time, the advantage of our research is the presentation of the authentic methodology for determining the effectiveness of information provision at the macro level, which is based on the indicators of global indexes (Tables 1-3).…”

“…In the context of the development of the global digital ecosystem, scientists consider the issue of increasing the level of economic and financial security of business entities by outlining strategic tools for managing the security system and improving information protection processes at the enterprise [10]. Based on the use of methods of economic statistics (statistical observation, dynamic and structural analysis), the hypothesis about the relationship between informatization and economic security of trade enterprises was confirmed.…”

Digital Transformation: The Age of Innovations in Business and Society

“…Competition at the market stimulates companies to active development of their online business [1]. At the same time, traditional offline business is transformed remaining the basis of digital superstructure.…”

Фінансова Безпека Суб’єктів Підприємництва В Умовах Цифрової Економіки

“…Zubko et.al. (2021) [5] examine the problem of ensuring financial security at the micro-and macro-levels in the context of the development of the digital economy, in particular, in the context of trade security. Kuznetsova & Pogorelenko (2021) [6] consider the problem of ensuring the financial security of companies in the digital economy in the aspects of the development of the financial sector of Ukraine.…”