Stability of production and trading companies considering their economic security

Abstract

The economic security of any company depends on its solvency and financial stability. It is also affected by uneven economic development due to the global financial crises, the impact of the COVID-19 pandemic, increased competition from industrial and commercial companies, and military conflicts. Thus, it is necessary to assess the stability of companies as a basis for their economic security, taking into account the indicators of solvency and financial stability. The paper used systematization, comparative analysis, ranking, expert interview (in-depth interview), and Fishburne’s method. First, the scheme of ensuring the financial stability and solvency of production and trading companies is proposed. Second, the evaluation indicators system is developed, and the rating scale of stability of production and trading companies is determined. According to the results, evaluation indicators were formed; some were calculated according to companies’ financial statements and management accounting. Finally, to increase the efficiency of technical and economic parameters, areas for regulating the activities of companies and ensuring their stability were identified. According to an in-depth interview with experts, the sampled company received 69 points and corresponded to a sufficient level of stability. Factors that negatively affected the stability of companies’ activities include quality indicators, namely compliance with standards, company image, digitalization, compliance with corporate culture, and personnel management policy.

The impact of governance quality on central bank’s independence

“…The war disrupts the supply of goods, causes logistical problems, and decreases energy capacities and individuals' real incomes. These are holding back the economy's recovery and worsening enterprises' expectations (Mazaraki & Zubko, 2022). Danylyshyn and Bohdan (2022) justify the model of the monetary regime during martial law.…”

Стресостійкість Економічного Потенціалу Підприємства Готельного Господарства

“…У статті Мазаракі А. А. та Зубко Т. Л. [5] розглядається питання оцінювання стабільності компаній як основу їх економічної безпеки з урахуванням показників платоспроможності та фінансової стійкості для виробничо-торговельних компаній, проте даний механізм оцінки не може бути застосований до підприємств сфери гостинності. В дослідженні акцент спрямований на фінансову компоненту потенціалу підприємства, що не включає аналіз інших структурних елементів.…”

The war year 2022 is a year of trials for the journal and the publishing house

“…The financial stability and solvency of enterprises is the key to the economic security of a company, which is influenced by many factors, such as the global financial crisis, the COVID-19 pandemic, armed conflicts, etc. (Mazaraki & Zubko, 2022). Korneyev et al (2022) concluded that the war led to the fact that the number of business representatives who completely or partially ceased their activities during the first three months of the war decreased from 75.3% in March to 49.0% in May (compared to February 24, 2022), which indicates a gradual recovery of business in Ukraine.…”