FINANCIAL RELATIONS IN THE SYSTEM OF BUSINESS ENTITIES FINANCIAL SECURITYJournal: Academic Bulletin "Economics and Region" (Vol.3, No. 52)
Publication Date: 2015-06-30
Authors : Kuzenko O.L.;
Page : 110-116
Keywords : . Financial safety; state; region; enterprise; system of financial interests.;
The article considers financial relations in the system of business entities financial security from the position of a multilevel system for the financial interests protection at all levels of the management hierarchy; identifies threats and interests of all parties of financial relations; on the basis of systematic scientific views on the nature of ?financial security? conceptual approaches to determining the financial security of business entities are discussed according to the financial relations levels. These approaches regard ?financial security? as a component of economic security of an enterprise; as a state that provides protection of financial interests from threats, financial equilibrium, stability, solvency and liquidity; providing management of risks; as a system that provides efficient financial stability of the development proportions; as a specific type of relations. Fragmented views of theorists and practitioners on this issue have been reasonably considered. The importance of threats in developing systems of financial security at all levels of the management hierarchy is specified. The precise definition of the term ?financial security? is suggested.
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