Strategic Directions and Tactical Approaches to the Strengthening of Financial Security of Business Entities in the Field of Agriculture

Olha Chernenko ()
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Olha Chernenko: 'Institute of Agrarian Economics' National Scientific Centre, Kyiv, Ukraine

Oblik i finansi, 2016, issue 3, 109-113

Abstract: Search of capabilities to neutralize the negative impact of external and internal environment factors on the financial state of agricultural goods producers attracted the attention of researchers to the strategic tools of enterprise financial security management. The object of the article is the justification of strategic directions and the development of tactical approaches to the strengthening of financial security of business entities in the field of agriculture. Directions of the strengthening strategy of financial security in the field of agriculture are disclosed and the list of indicators of each direction is provided, in view on which directions the methodological tool of financial security assurance should be developed. It was proposed to form the Financial Security Service at the level of each enterprise that will become a center of balanced management decisions. The attention in drawn to the problem of low level of agricultural enterprises' capitalization, that limits the possibility of their innovative development. The implementation of the proposed strategic directions and tactical approaches will strengthen the financial security of business entities in the agricultural sector of the economy.

Keywords: financial security; competitiveness; investment attractiveness; profitability; capitalization (search for similar items in EconPapers)
JEL-codes: Q14 (search for similar items in EconPapers)
Date: 2016
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