Conceptual model for assessing financial safety in the system of economic security of industrial enterprise

  • Natalia Metelenko Engineering Institute of Zaporizhzhia National University
Keywords: economic security, financial security, threats, risks, types of entrepreneurial activity, system approach, criterial approach, process - oriented approach, functional approach


The research is aimed at substantiating new approaches to the formation of the system of economic security and its components, in particular the financial component, in order to ensure the integrity of the system from the point of view of the possibility of effective functioning in new economic conditions, characterized by changes in the forms of interaction of industry with the banking system, the tax system; changes in the state policy, which complicate the mechanism of interaction with business structures. A set of scientific tasks aimed at achieving the goal of ensuring the economic security of an industrial enterprise is outlined. The scientists' opinions on threats to the organization of economic security are generalized. It is proved that the financial security of an enterprise is central to the system of economic security, which is explained by the following: the level of financial security of any enterprise determines its ability to provide other components of its economic security, and changes in any field of the enterprise are ultimately reflected in its financial security. Internal threats to financial security by types of entrepreneurial activity are systematized and grouped. Based on the details of internal threats and risks of the economic activity of an industrial enterprise, an option is proposed for structuring objects and processes as components of the financial security system that are interconnected and interdependent. It is proved that the objects of financial security (constituents) are the functional activities of the enterprise, which are interconnected through the circulation of financial resources in the direction of achieving the goals of the enterprise. The advantages and disadvantages of methodical approaches to assessing the effectiveness of the financial security system of the industrial enterprise have been investigated, which made it possible to propose, as a methodological approach to the assessment of the effectiveness of the financial security system, the integrated use of such approaches: criterial, process - oriented and functional.

The scientific significance of the work is that on the basis of the integrated methodical approach a conceptual model of analytical estimation of the level of financial security in the system of economic security of the industrial enterprise is developed.

DOI 10.26661/2522-1566/2018-4/06-11

Author Biography

Natalia Metelenko, Engineering Institute of Zaporizhzhia National University

Doctor of Economics, Professor, Professor, Head of the Department of Finance, Banking and Insurance, Engineering Institute of Zaporizhzhia National University


Mykhajlenko, V. M. and Aref’yeva, O. V. (2010), Formuvannya orhanizacijnoho potencialu rozvytku ekonomichnoyi bezpeky pidpryyemstv : Monohrafiya [Formation of organizational potential of economic security development of enterprises: Monograph], Ukrayins’ka akademiya drukarstva, Lviv, Ukraine.

Martynyuk, V. P. (2010), Mytna systema ta ekonomichna bezpeka derzhavy : teoriya i metodolohiya : Monohrafiya [Customs system and economic security of the state: theory and methodology: Monograph], Aston, Ternopil, Ukraine.

Zhalilo, Ya. A. (2003), Ekonomichna stratehiya derzhavy: teoriya, metodolohiya, praktyka [Economic strategy of the state: theory, methodology, practice], NISD, Kyiv, Ukraine.

Vasyl’civ, T. H. (2008), Ekonomichna bezpeka pidpryyemnyctva Ukrayiny: stratehiya ta mexanizmy zmicnennya : Monohrafiya [Economic security of Ukrainian entrepreneurship: strategy and mechanisms for strengthening: Monograph], Aral, Lviv, Ukraine.

Hubs’kyj, B. V. (2001), Ekonomichna bezpeka Ukrayiny : metodolohiya vymiru, stan i stratehiya zabezpechennya [Economic security of Ukraine: measurement methodology, state and strategy of provision], DP Ukrarkhbudinform, Kyiv, Ukraine.

Dolzhenkov, O. F., Zhukovs’ka, Zh. O. and Holovchenko, O. M. (2007), Osoblyvosti harantuvannya ekonomichnoyi bezpeky pidpryyemnyc’koyi diyal’nosti v rynkovyx umovax : Monohrafiya [Features of guaranteeing economic security of entrepreneurial activity in market conditions: Monograph], OYuI XNUVS, Odesa, Ukraine.

Andrushkiv, B. M., Xariv, P. S., Kyrych, N. B. and Hoshhyns’kyj, A. V. (2007), Ekonomika pidpryyemstva : posibnyk z samostijnoho vyvchennya kursu [Economics of the enterprise: manual for independent study of the course], TISIT, Ternopil, Ukraine.

Vojnarenko, M. P., Duda, T. T., Luk’yanova V. V. and Yaremenko, O. F. (2008), Ekonomichna bezpeka pidpryyemstva v konkurentnomu seredovyshhi : Monohrafiya [Economic security of the enterprise in a competitive environment: Monograph], KhNU, Khmelnytskyi, Ukraine.

Illyashenko, S. M. (2004), Ekonomichnyj ryzyk : navchal’nyj posibnyk. 2-he vydannya, dopovnene, pereroblene [Economic Risk: Training Manual. 2nd edition, supplemented, reworked], Centr navchal’noyi literatury, Kyiv, Ukraine.

Mojseyenko, I.P. and Marchenko, O.M. (2011), Upravlinnya finansovo – ekonomichnoyu bezpekoyu pidpryyemstva [Management of financial and economic security of the enterprise], L’vivs’kyj derzhavnyj universytet vnutrishnix sprav, Lviv, Ukraine.

Vasyl’civ, T. H. (2012), Finansovo – ekonomichna bezpeka pidpryyemstv Ukrayiny: stratehiya ta mexanizmy zabezpechennya: Monohrafiya [Financial and economic security of Ukrainian enterprises: strategy and mechanisms of provision: Monograph], Aral, Lviv, Ukraine.

Hrapkina, V. (2011), [Analysis of approaches and methods for determining the financial security of an enterprise], Ekonomichnyj analiz, vol 8 part 2 (2011), pp. 359-364.

Chorna, O. M. and Macneva, O. O. (2001), [Conceptual approaches to the development of finances of business entities in Ukraine], Naukovyj visnyk: finansy, banky, investyciyi, vol 3 (2011), pp. 26-32.

“System approach to enterprise and enterprise management”, available at (Accessed 16 December 2018).

Kartuzov, Ye. P. (2012), [Definition of financial security of an enterprise: concept, content, meaning and functional aspects], Aktual’ni problemy ekonomiky, vol 8 (2012), pp. 172-181.

Amosov, O. Yu. (2011), [Financial security of the enterprise in modern conditions: theoretical aspect], Problemy ekonomiky, vol 4 (2011), pp. 76-80.

Blazhevych, O. H. (2010), [Financial security of enterprises: determination of the minimum required level], Naukovyj visnyk: Finansy. Banky. Investyciyi, vol 3 (2010), pp. 25-31.

Kim, Yu. H. (2008), [Problems of financial security management of the enterprise], Vcheni zapysky: zbirnyk naukovyx prac, vol 18 (2008), pp. 73-80.

Shtanhret, A. M. (2011), Upravlinnya ekonomichnoyu bezpekoyu pidpryyemstv aviacijnoyi haluzi : Monohrafiya [Management of economic safety of enterprises in the aviation industry: Monograph], Ukrayins’ka akademiya drukarstva, Lviv, Ukraine.
How to Cite
Metelenko, N. (2018). Conceptual model for assessing financial safety in the system of economic security of industrial enterprise. Management And Entrepreneurship: Trends Of Development, (4(06), 95-110. Retrieved from
Entrepreneurship, Trade and Exchange Activities