Research of Processes for Ensuring Financial and Economic Security of Economic Entity

DOI

10.2991/fred-19.2020.65How to use a DOI?

Keywords

state, economy, private capital, finance, security

Abstract

This article is devoted to topical issues of ensuring the financial stability of market entities through the creation of an information security system as the basis of the financial and economic security of an enterprise. Based on the analysis of literary sources, the basic requirements and principles for creating an enterprise information security system are determined, since modern conditions for the functioning of the economy bring to the fore the need to create a local system of financial and economic security at any enterprise. Thus, ensuring the information security of any economic unit from a problem is transformed into a specific tactics of functioning, coupled with a survival strategy in the long-term time horizon.A number of researchers understand the economic security of enterprises not only as ensuring financial stability, but also as creating potentials for the outstripping growth of business activity and profitability. It should be noted that the competitive market, the unstable economic situation and the lack of an active position when introducing the latest digital technologies will put the company in a rather disadvantageous position, which determines the necessity and relevance of the chosen research topic.In our opinion, the main goal of the system of ensuring the financial security of the enterprise is the stable and effective functioning of the business unit in the present and building up the totality of all available development opportunities in the long term. This goal is identical to the goals of the controlling system. But the formation of a management system by achieving the diverse goals of a business unit is influenced by the need to create a security zone from external and internal threats.The presented article also discusses the most effective tools (methods) for improving the efficiency of the financial component of market entities based on the formation of an enterprise information security system.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - K.V. Karpenko
AU  - R.K. Kecherukov
AU  - N.N. Novoselova
PY  - 2020/01
DA  - 2020/01
TI  - Research of Processes for Ensuring Financial and Economic Security of Economic Entity
BT  - Proceedings of the International Session on Factors of Regional Extensive Development (FRED 2019)
PB  - Atlantis Press
SP  - 322
EP  - 326
SN  - 2352-5428
UR  - https://doi.org/10.2991/fred-19.2020.65
DO  - 10.2991/fred-19.2020.65
ID  - Karpenko2020/01
ER  -