Share:


Formation the system for assessing the economic security of enterprise in the agricultural sector

    Yaroslav Pushak   Affiliation
    ; Volodymyr Lagodiienko Affiliation
    ; Nataliya Basiurkina Affiliation
    ; Valerii Nemchenko Affiliation
    ; Nataliia Lagodiienko Affiliation

Abstract

The complex of agroindustrial enterpriseis an extremely important branch of the national economy of any state. This area determines the level of food security, and can also be one of the powerful incentives for the growth of the entire economic system of the country. This is why it so important to ensure economic security of agroindustrial enterprise. The purpose of the article is to form the model for assessing the level of economic security of the agroindustrial enterprise. The subject of the study is economic security of the agroindustrial enterprise. It is proved that the effectiveness of anti-crisis measures substantially depends on information support, the formation of which at the proper level is possible when applying the developed model for assessing the level of economic security of the agroindustrial enterprise. The use in the model of quantitative and qualitative indicators can characterize the main parameters of the economic activity of the agroindustrial enterprise and allow to characterize the level of economic security. This model is based on data that were obtained during the assessment by experts who work in agroindustrial enterprises, which may not only be about professionalism, but also take into account the specifics of the studied area. As a result of obtaining one or another value of the integral indicator, the studied agro-industrial enterprise is recognized as requiring no revision of its own strategy for ensuring economic security. The generated model was experimentally applied at ten enterprises in Eastern Europe, in particular in countries such as Poland, the Czech Republic and Ukraine, to test its effectiveness. To define and substantiate our research, we applied the following general research methods: induction and deduction, comparison and systematization, synthesis and analysis, morphological analysis. The following methods are specific for our research: SAW methodology, in our work is designed to form a polyvariate decision-making model for assessing the level of economic security, as well as a method of expert evaluation, which are designed to form a list of necessary for the formation of the above model. The novelty of our research lies in the developed integrated indicator for assessing the level of economic security of agribusiness and its practical application.

Keyword : agroindustrial enterprise, economic security, expert survey, financial and economic indicators, model, multilevel algorithm

How to Cite
Pushak, Y., Lagodiienko, V., Basiurkina, N., Nemchenko, V., & Lagodiienko, N. (2021). Formation the system for assessing the economic security of enterprise in the agricultural sector. Business: Theory and Practice, 22(1), 80-90. https://doi.org/10.3846/btp.2021.13013
Published in Issue
Mar 5, 2021
Abstract Views
922
PDF Downloads
529
Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

References

Abdulaziz A. (2018). Formation of organizational and economic mechanism of enterprise crisis management [The dissertation, Lugansk National Agrarian University] (196 p.). Kharkiv.

Aref ’eva O., & Prokhorova Y. (2018). Bankruptcy probability diagnostics by means of identification of machine-building enterprises depending on the types of financial crisis. Journal of Economics of Transport and Industry: Research Practice Art, (21), 76–81.

Auci, S., & Barbieri, N. (2020). Innovation for climate change adaptation and technical efficiency: an empirical analysis in the European agricultural sector. Economia Politica, 28(4). https://doi.org/10.1007/s40888-020-00182-9

Baker, G. A., & Leidecker, J. K. (2001). Does it pay to plan? Strategic planning and financial performance. Agribusiness, 17(3), 355−364. https://doi.org/10.1002/agr.1021

Bazyliuk, V., Shtangret, A., Sylkin, O., & Bezpalko, I. (2019). Comparison of institutional dynamics of regional development publishing and printing activities in Ukraine: methodological and practical aspects. Business: Theory and Practice, 20, 116−122. https://doi.org/10.3846/btp.2019.11

Blank, I. (2005). Crisis financial management of the enterprise (672 p.). Nika Center.

Demchenko, I. (2017). Strategic management of financial security of the entity. Finance, Banks, Investments, 2, 43−46.

Dzikevičius, A., & Šaranda, S. (2016). Establishing a set of macroeconomic factors explaining variation over time of performance in business sectors. Business: Theory and Practice, 17(2), 159−166. https://doi.org/10.3846/btp.2016.629

Entringer, T., Nascimento, D., Ferreira, A., Siqueira, P., Boechat, A., Cerchiaro, I., Mendonça, S., & Ramos, R. (2019). Comparative analysis main methods business process modeling: literature review, applications and examples. IJAERS, 6(5), 100−116. https://doi.org/10.22161/ijaers.6.5.15

Ershova, N. Yu. (2019). Diagnostics in the system of crisis management of machine-building enterprises [Dissertation – Economics and Management of Enterprises (by type of economic activity), National Technical University “Kharkiv Polytechnic Institute”]. Kharkiv.

Gasanov, S., Stangret, A., & Kotlyarevsky, Y. (2016). Crisis corporate governance: theoretical and case studies (301 p.). DNNU “Academy Financial Management publishing house”.

Goldsmith, P., & Gow, H. (2005). Strategic positioning under agricultural structural change: A critique of long jump cooperative ventures. International Food and Agribusiness Management Review, 8(2), 41−61.

Golovach, K. (2018). Formation of the mechanism of anti-crisis management in agricultural enterprises [The dissertation, Zhytomyr National Agroecological University] (249 p.). Zhytomyr.

Goryacheva, K. (2015). Financial security of the enterprise, essence and place in the system of economic security. Economist Journal, 8, 65–67.

Ker, A. (2020). Risk management in Canada’s agricultural sector in light of COVID-19. Canadian Journal of Agricultural Economics-Revue Canadienne D Agroeconomie. https://doi.org/10.1111/cjag.12232

Kovalev, A. (2018). Analysis of financial condition and forecasting bankruptcy (163 p.). Audit Azhur.

Lasan, N. (2010). Security. Revista de Admistratie Publica si Politici Sociale, 4(2), 5−10.

Ligonenko, L. (2016). Anti-Crisis management of the enterprise [textbook] (824 p.). KNEU.

Mandzinovskaya, Kh., & Stangret, A. (2018). Financial security of engineering enterprise: Methodical principles of formation and maintenance [monography] (226 p.). Ukrainian Academy of Printing.

Menggang, L. (2013). Research on industrial security theory (p. 442). Springer Heidelberg.

Ovchinnikova, T. I., Belyaeva, G. V., Kolesnikova, E. Y., & Kolomytseva, O. Y. (2017). The system of innovative development of the agroindustrial complex. In Proceedings of the Voronezh State University of Engineering Technologies, (4), 313−319 (in Russian). https://doi.org/10.20914/2310-1202-2017-4-313-319

Parfitt, C., & Barnes, T. (2020). Rethinking economic security in a precarious world. Critical Sociology, Article number 089692051985026. https://doi.org/10.1177/0896920519850266

Plastun, O. (2017). Qualitative diagnostic methods in the financial security of business entities. Bulletin of the Ukrainian Academy of Banking, 22(1), 40−44.

Podra, O., Kurii, L., Alkema, V., Levkiv, H., & Dorosh, O. (2020). Theoretical aspects of human capital formation through human potential migration redistribution and investment process. Business: Theory and Practice, 21(1), 71−82. https://doi.org/10.3846/btp.2020.11197

Prokhorova, Yu. (2018). Anti-Crisis financial management of the enterprise [Dissertation for the degree of Candidate of Economic Sciences in specialty 08.00.04 Economics and Management of Enterprises (by types of economic activity), European University]. Kyiv.

Schmink, M. (2020). Feeding the world: Brazil’s transformation into a modern agricultural economy. Journal of Interdisciplinary History, 50(3), 475−477. https://doi.org/10.1162/jinh_r_01473

Shynkar, S., Gontar, Z., Dubyna, M., Nasypaiko, D., & Fleychuk, M. (2020). Assessment of economic security of enterprises: theoretical and methodological aspects. Business: Theory and Practice, 21(1), 261−271. https://doi.org/10.3846/btp.2020.11573

Sylkin, O., Kryshtanovych, M., Zachepa, A., Bilous, S., & Krasko, A. (2019). Modeling the process of applying anti-crisis management in the system of ensuring financial security of the enterprise. Business: Theory and Practice, 20, 446−455. https://doi.org/10.3846/btp.2019.41

Sylkin, O., Shtangret, A., Ogirko, O., & Melnikov, A. (2018). Assessing the financial security of the engineering enterprises as preconditions of application of anti-crisis management: practical aspect. Business and Economic Horizons, 14(4), 926−940. https://doi.org/10.15208/beh.2018.63

Taylor, J. (1996). International migration and economic development. Development strategy, employment and migration: insights from models. Organization for Economic Cooperation and Development.

Torres, Jr., A., Akridge, J. T., Gray, A., Boehlje, M., & Widdows, R. (2007). An evaluation of customer relationship management (CRM) practices among agribusiness firms. International Food and Agribusiness Management Review, 10(1), 36−60.

Westgren, R. E., & Cook, M. L. (1986). Strategic management and planning. Agribusiness, 2(4), 477−489. https://doi.org/10.1002/1520-6297(198624)2:4<477::AIDAGR2720020410>3.0.CO;2-X

Wu, Y., & Meng, F. (2019). Security classification for safe management and information resource. Journal of Strategic Security, 11(4), 72−84. https://doi.org/10.5038/1944-0472.11.4.1694

Zabrodsky, V. A., & Kizim, N. A. (2000). Property, economic security. Economic Cybernetics, 3, 58–63.