Development of doctrinal model for state financial security management and forecasting its level

Abstract

A doctrinal model of state financial security management in the context of globalization changes has been developed. The model is formed at five levels (doctrinal, conceptual, strategic, programmatic, planned), contains a logical continuum of mission, priorities in the financial sector and the level of technological innovation, influencing factors and a system of actions aimed at achieving goals. This model accumulates a set of solutions aimed at adapting to transformational processes in the economy associated with new needs of states, globalization processes in the world financial space, technology development, new challenges and threats. As a result of the study, forecasting is carried out and the effectiveness of the results of modifying approaches to managing the financial security of the state using a polynomial algorithm for extrapolating the parameters of stochastic systems is proved. A polynomial correlation-regression model is presented, the input data of which were specific indicators of the effectiveness of innovative development of the state, perception of corruption and debt dependence. In fact, this is a set of those indicators at which the strategic directions of strengthening the financial security of the state are directed in the context of globalization changes. The generalized values of the state of financial security of the state, determined on the basis of the developed polynomial correlation-regression model, are obtained, as well as the absolute and relative amounts of error indicate the accuracy of the forecasts obtained. So, the mean level of error is 0.005 %, which means that the totality of these indicators can characterize the state of financial security of the state. Accordingly, this model is useful in the process of predicting the results of modifying approaches to the formation of the financial security of the state

Implementation of strategic tools in the process of financial security management of industrial enterprises in Ukraine

“…The definition of financial security management of an enterprise is given in the current work. Our conclusions are confirmed by the earlier works of scientists who deal with issues of financial security of an enterprise [2][3][4][5][6][7][8][9]. The result of solving the first task is the established trends in the development of enterprises that produce ceramic tiles and slabs (Fig.…”

“…The result of solving the third task of the study are the formed strategic directions of financial security management of an enterprise (Fig. [7][8][9][10][11].…”

“…However, they do not pay attention to ensuring financial security at the micro level. The authors of [9] emphasize the importance of liquidity of commercial banks for ensuring the financial security of banking institutions. Thus, our review of works [2][3][4][5][6][7][8][9] revealed that the issues related to the long-term prospects of financial security of an enterprise remained unresolved.…”

“…It should be noted that works [2][3][4][5][6][7][8][9] did not take into consideration the strategic aspects of financial security management of an enterprise. This means that the main directions of strategic support of the financial security of an enterprise are not defined.…”

La auditoría de estados financieros como componente de la seguridad económica y financiera de una empresa bajo la ley marcial: enfoques y análisis

“…It should also be borne in mind that today, financial managers of business entities have the opportunity to use modern economic, mathematical, and information technology tools that expand the possibilities of analysing the spheres of influence on the enterprise's activities (Poltorak et al, 2021).…”