Economic Security as an Investment Factor of Companies Attractiveness

Abstract

In this work the highly controversial problem of economic security is investigated as one of the essential factors determining the attractiveness of investment objects in a new aspect. At the same time, the issues of the relationship between investment attractiveness and economic security of enterprises, identification of determinants characterizing various barriers and restrictions, challenges and threats that negatively affect the situation with ensuring economic security and, as a consequence, the investment attractiveness of enterprises are considered, which finds its expression in the level of investment risks inappropriate to the interests of investors. Particular attention is paid to the methodological issues of identifying the determinants of economic security as substances of factors characterizing the investment attractiveness of enterprises, as well as evaluating these factors in the form of an unsystematic component of investment risks. The method developed in this study has a practical orientation and allows solving a two-pronged task: diagnosing the attractiveness of the invested object and evaluating investment risks, which is necessary for making a management decision on investing, and, most importantly, in the reverse order, based on the results obtained, developing and implementing specific measures both at the level of the enterprise itself, and at the sectoral, regional and country levels, eliminating all kinds of barriers, restrictions, challenges and threats, affecting the attractiveness of companies for investors. Keywordseconomic security, determinants of economic security, factors of investment attractiveness, diagnostics of investment attractiveness, assessment of unsystematic risks, threats, barriers, restrictions, challenges. I.