Another issue of scientific journal 1 (26) 2022 has been published

Ukrainian (UA)English (United Kingdom)

Other Categories

Вхід / реєстрація

We are in Facebook


How did you find on our site?

Financial security of Ukrainian enterprises: current status, main problems and ways to solve them



Financial security of Ukrainian enterprises: current status, main problems and ways to solve them


Pavlov, Kostiantyn
Pavlova, Olena
Kryzhanivsky, Stanislav
Savchuk, Anna



Lesya Ukrainka Volyn National University, 13 Volya Ave., Lutsk, 43025, Ukraine

Bibliographic description: 

Pavlov, K., Pavlova, O., Kryzhanivsky, S. & Savchuk, A. (2022) Financial security of Ukrainian enterprises: current status, main problems and ways to solve them. Socio- Economic Problems and the State (electronic journal), Vol. 26, no. 1, pp. 3-11. URL:

Submitted date: 


Issue Date:


ORCID: 0003-2583-9593 0002-8696-5641









financial security of the enterprise
financial and economic security
financial crisis
business entity
external and internal threats / risks
post-crisis restoration of enterprise security





First Page: 


Last Page: 



The existence of an effective financial and economic security system, which will provide the protection of the enterprise from the threats is one of the most important aspect of sustainable business growth providing and formation of positive results of its financial activities in modern conditions of the economic processes imbalance. The protection is conditioned by the ability of the enterprise authorities: to provide sustainable business growth of the enterprise, to neutralize the negative impact of the crisis economy, to form an adequate accounting system of financial flows, to strengthen operating effectiveness of the control system, to provide the protection of the trade secret information confidentiality on appropriate levels. Modern scientific researches indicate there is impossible to find exit from crisis, to stabilize the economic situation, to create an effective mechanism of doing business without unified system of business financial and economic security. The search of the main ways of business acceleration with minimal expenses for forming of effective system of enterprises functioning aimed at maximization of profits and harmonization of relations between business stakeholders is very relevance in the conditions of post-crisis reconstruction. It should be taken into account the fact that production and economic systems, regardless of the form of ownership, are characterized by the presence of constant risk and threats associated with the dynamics of the external and internal environment of their functioning. The financial and economic security of a business depends on the state of the country's monetary security. It should also be noted that at present the financial security of Ukraine is under threat, since all components of ensuring financial and economic security are in danger. The problems of their own economic security arise before each type of business, not only in times of crisis, but also when working in a stable economic environment, the set of targets to be solved in this case has a significant difference. The instability of the economic and political situation in the modern world creates great tensions and serious problems to ensure the financial security of enterprises, which is associated with solving economic and legal problems, as well as protecting economic interests and property rights of economic entities - physical and legal persons. The financial security of the enterprise, as the main economic entity of the modern economy, occupies an important place among the indicators of financial security at other levels, as the security of the enterprise is the basis of both economic security in general and financial security in particular. Financial security plays a significant role in the management of the enterprise, helps protect its financial and economic interests from negative internal and external threats, protects the financial interests of business owners, controls the financial resources of the company, able to withstand existing and emerging risks that cause financial damage change the structure of equity.


The authors received no direct funding for this research.




Copyright owner: 


Socio-Economic Problems and the State


URL-releated material:


1. Balajeva, O. N., Cupko, Je. V. (2013) Ocinka finansovoji bezpeky malykh ta serednikh pidpryjemstv [Assessment of financial security of small and medium enterprises]. State, taxes, business, no.14, pp. 71–83. [in Ukrainian]
2. Beljskaja, E. V., Dronov, M. A. (2013) Osobennosty upravlenyja fynansovoj bezopasnostjju na predpryjatyy [Features of financial security management at the enterprise]. Bulletin of Donetsk State University. Economic and legal sciences, no. 2(1). pp. 209–217. [in Russian]
3. Blazhevych, O. G. (2020) Finansova bezpeka pidpryjemstv: Vyznachennja minimaljnogho neobkhidnogho rivnja [Financial security of enterprises: The value of the minimum necessary level]. Scientific Bulletin: Finance, Banking, Investment, no. 3. pp. 25– 31. [in Ukrainian].
4. Blank, Y. A. (2014) Upravlenye fynansovoj bezopasnostjju predpryjatyja [Financial security management of the enterprise]. K.: Эljgha–Moskva. [in Russian].
5. Vyshnevsjka, B. V. (2017) Metody minimizaciji finansovykh ryzykiv [Methods of minimizing financial risks]. Economist, no. 6. pp. 58–59. [in Ukrainian].
6. Volodina, I. G. (2013) Shljakhy zabezpechennja finansovoji bezpeky pidpryjemstva [Ways to ensure the financial security of the enterprise]. Young scientist, pp. 156–160. [in Ukrainian].
7. Ghrynj, S. V. (2015) Finansova bezpeka orghanizaciji [Financial security of organization]. Economics and management: problems and solutions. no. 12. pp. 154– 157. [in Ukrainian].
8. Donecj, L. I., Vashhenko, N. V. (2018) Ekonomichna bezpeka pidpryjemstva [Economic security of the enterprise]. K.: Centr uchbovoji literatury. [in Ukrainian].
9. Karpenko, G. V., Danjkevych, A. N. (2019) Normatyvno-pravove zabezpechennja korporatyvnogho upravlinnja: problemy zaluchennja investycij na vitchyznjani pidpryjemstva [Regulatory and legal protection of corporate governance: problems and obtaining investments in enterprises]. Finance of Ukraine, no. 7. pp. 39–46. [in Ukrainian].
10. Krutov, V. V. (2018) Stanovlennja ta rozvytok nederzhavnoji systemy bezpeky pidpryjemnyctva [Formation and development of a private business security system]. K.: Feniks. [in Ukrainian].
11. Moghylyna, L. A. (2014) Osnovy upravlenyja fynansovoj bezopasnostjju predpryjatyja v uslovyjakh ekonomycheskoj nestabyljnosty. «Ukrajna–Bolgharyja–Evropejsky Sojuz: sovremennoe sostojanye y perspektyvy» [Fundamentals of managing the financial security of an enterprise in conditions of economic instability"Ukraine-Bulgaria- European Union: current state and prospects"]. vol. 1. pp. 284–288. [in Russian].
12. Pavlov, K. V., Pavlova, O. M. (2019) Formuvannja ta reghuljuvannja konkurentnykh vidnosyn na reghionaljnykh rynkakh zhytla Ukrajiny [Formation and regulation of competitive relations in the regional housing markets of Ukraine]. Lutsk: Teren. Available at: [in Ukrainian].
13. Podluzhna, N. O. (2013) Orghanizacija upravlinnja ekonomichnoju bezpekoju pidpryjemstva [Organization of economic security management of the enterprise]. (PhD Тhesis), Donetsk. [in Ukrainian].
14. Rudkovsjkyj, O. V. (2014) Korporatyvna bezpeka orghanizaciji jak systema efektyvnogho zakhystu [Corporate security of the organization as a system of effective protection]. Scientific notes of the National University "Ostroh Academy". Economics series, vol. 25. 19– 22. [in Ukrainian].
15. Bouchaud, J. P., Potters, M. (2004) Theory of Financial Risks and Derivative Pricing. Cambridge: Cambridge University Press.
16. Merton, R. K. (1968) Social Theory and Social Structure. Enlarged edition. N.Y.: The Free Press; L.: Collier Macmillan Limited.
17. Pavlov, K. V. (2018) Financial and budgetary mechanisms of antitrust policy implementation in the residential real estate market of Ukraine: regional context. Scientific journal "Economic Forum". vol. 1. pp. 73–80.
18. Pavlov, K., Pavlova, O. Kupchak, V. (2019) Integral Indicators Based on Competitiveness Capacity Characteristics of Regional Real Estate Markets of Ukraine. Journal of Competitiveness, vol. 11 (3), pp. 87–108.
19. Pavlov, K. V., Pavlova, O. M., Korotya, M. I. (2020) Regulation of activity of regional gas distribution enterprises of Ukraine: monograph. Lutsk: SPD Gadyak Zhanna Volodymyrivna, printing house "Volynpoligraf".
20. Pavlov, K. V., Pavlova, O. M., Kupchak, V. R. (2019) Strategic directions of state regulation of competitive relations by stimulating supply and demand in regional housing markets in Ukraine. Economic Journal of Lesia Ukrainka East European National University: Journal. Lutsk: Vezha-Druk. vol. 4 (20). pp. 141-149.
21. Pavlov, Kostiantyn, Pavlova, Olena et al. (2020) Optimization of multi-channel queuing systems with a single retail attempt: Economic approach. Decision Science Letters 9. DOI:
22. Pavlov, K. V., Shevchuk, I. (2017) Regional markets for residential real estate: budget mechanisms for the implementation of antimonopoly measures. Economic Journal of the Lesia Ukrainka East European National University: journal. (Eds. Lipych L. H., Kulinych M. B.). Lutsk: Vezha-Druk, vol. 3 (11). pp. 82-88. 


Issue type: 


Appears in Collections:

Scientific Journal "Socio-Economic Problems and the State", Vol.26, No.1



Journal is indexed by:


Other useful links:
Пошук у EBSCO

Google translate

Ukrainian English French German Polish Russian