Economic Security of Entrepreneurship: Specifics of Management in the Context of Financial Instability

In general, it must be noted that the foreign practice has many ways to prevent the bankruptcy of business entities. However, the strategic groups and primarily the state and the enterprise owners must be interested in the successful implementation of all the approaches discussed above. There is a need for a detailed study of the bankruptcy prevention methods and the development of practical tools for their improvement, as well as the formation of new approaches to the development of bankruptcy prevention systems in enterprises, taking into account the domestic specifics of conducting business and national economic and legal conditions.

REFERENCES

1. G. G. Lyannoy, “Bezopasnost predprinimatelskoy deyatelnosti kak neotyemlemyy element bezopasnosti gosudarstva [Entrepreneurial security as an integral element of state security],” Law and enforcement practice, vol. 3, 2016, pp. 39–45.

2. O. A. Dubrovina, “Neobkhodimost i printsipy obespecheniya ekonomicheskoy bezopasnosti predpriyatiya [Need and principles of ensuring the economic security of the enterprise],” Scientific almanac, vol. 3–1(29), 2017, pp. 68–71.

3. T. Shkarina, O. Chudnova, and O. Mokhova, “Comparative study on economic security of enterprises depending on implemented business activities quantity,” SHS Web of Conferences, vol. 35, 2017, pp. 61–75.

4. S. G. Simonov, A. G. Durtseva, and M. M. Makhmudova, Obespecheniye bezopasnosti predprinimatelskoy deyatelnosti [Securing entrepreneurial activities]. Tyumen: TSOGU, 2012.

5. S. E. Lelyukhin, A. M. Korotchenkov, and U. V. Danilova, Ekonomicheskaya bezopasnost v predprinimatelskoy deyatelnosti [Economic security in entrepreneurial activities]. Moscow: Prospect, 2016.

6. Yu. A. Burtsev, “Ekonomicheskaya bezopasnost malogo predprinimatelstva v Rossii [Economic security of small businesses in Russia],” Management: laboratory of modern practices, vol. 1, 2016, pp. 89–93.

7. A. V. Rodionov, and A. A. Krut. (2018). Ekonomicheskaya bezopasnost razvitiya predprinimatelskoy deyatelnosti v kontekste obespecheniya rosta tempov importozameshcheniya [Economic security of business development in the context of ensuring the growth rate of import substitution]. Herald of Eurasian science [Online]. Vol. 5. Available: https://esj.today/PDF/93ECVN518.pdf

8. V. V. Akberdina, A. V. Grebenkin, and O. P. Smirnova, “Kompleksnyy instrumentariy otsenki ekonomicheskoy bezopasnosti otrasley ekonomiki: regionalnyy aspect [Complex toolkit for assessing the economic security of economic sectors: regional aspect],” Regional economy, vol. 13(4), 2017, pp. 1264–1279.

9. M. N. Dudin, M. N. Prokofev, I. J. Fedorova, and A. V. Frygin, “The World Experience of Transformation of Innovative Approaches to Assurance of Financial Stability of Social Economic Systems,” Life Science Journal, vol. 11(9), 2014, pp. 370–373.

10. A. Yu. Pavlov, and V. N. Batova, “Ekonomicheskaya bezopasnost biznes-protsessov v usloviyakh realizatsii kontseptsii ustoychivogo razvitiya [Economic security of business processes in the implementation of the sustainable development concept],” Russian entrepreneurship, vol. 23(269), 2014, pp. 54–65.

11. D. Schatz, and R. Bashroush, “Security predictions – A way to reduce uncertainty,” Journal of Information Security and Applications, vol. 45, 2019, pp. 107–116.

12. A. C. Bertay, D. Gong, and W. Wagner, “Securitization and economic activity: The credit composition channel,” Journal of Financial Stability, vol. 28, 2017, pp. 225–239.

13. M. Niemimaa, J. Järveläinen, M. Heikkilä, and J. Heikkilä, “Business continuity of business models: Evaluating the resilience of business models for contingencies,” International Journal of Information Management, vol. 49, 2019, pp. 208–216.

14. S. R. Ronis (ed.), Economic Security: Neglected Dimension of National Security? Washington, D.C.: NDU Press, 2011.

15. V. Yu. Burov, and P. A. Kisloshchayev, “Obespecheniye ekonomicheskoy bezopasnosti malykh predpriyatiy kak faktor, sposobstvuyushchiy razvitiyu innovatsionnoy deyatelnosti [Ensuring the economic security of small enterprises as a factor contributing to the innovative activity development],” Fundamental research, vol. 3, 2017, pp. 105–109.

16. R. Andekina, and R. Rakhmetova, “Financial Analysis and Diagnostics of the Company,” Procedia Economics and Finance, vol. 5, 2013, pp. 50–57.

17. H. Wagner, “Globalization and financial instability: Challenges for exchange rate and monetary policy,” International Journal of Social Economics, vol. 32(7), 2005, pp. 616–638.

18. D. S. Bidzhoyan, and T. K. Bogdanova, “Modelling the financial stability of an enterprise taking into account macroeconomicindicators,” Business Informatics, vol. 3(37), 2016, pp. 30–37.

19. V. N. Alferov, “Informatsionnyye vozmozhnosti analiza otchetnosti kompanii [Informational capabilities of analyzing the company reporting],” Economic and human sciences, vol. 4(255), 2013, pp. 20–24.

20. T. V. Kovalova. (2015). Theoretical aspects of enterprise financial stability management. Economic Processes Management: International Scientific E-Journal. Vol. 3. Available: http://epm.fem.sumdu.edu.ua/download/2015_3/2015_3_11.pdf

21. R. V. Dian, and T. Carmen, “Enterprise Financing in the Context of Macroeconomic Instability. Evidence from CEE Countries,” Procedia Economics and Finance, vol. 15, 2014, pp. 730–737.

22. K. Chernavsky, “Financial instability of enterprise as the main obstacle hampering development in turbulent environment,” Journal of Economic and Social Development, vol. 1(1), 2011, pp. 123–134.

23. N. Mbatha, and M. Ngibe, “Factors affecting Financial Stability of Small and Medium Enterprises,” Risk governance & control: financial markets & institutions, vol. 7(1), 2017, pp. 7-17.

24. H. Minsky, “The Financial Instability Hypothesis: An Interpretation of Keynes and An Alternative to "Standard" Theory,” Journal of Economics and Business, vol. 16(1), 1977, pp. 5-16.