INTERNATIONAL SCIENTIFIC-PRACTICAL CONFERENCE
«ACTUAL ISSUES OF THE DEVELOPMENT OF THE SOCIAL SECTOR OF THE
ECONOMY: DOMESTIC AND FOREIGN EXPERIENCE»
ANDIJAN, UZBEKISTAN, MAY 2020
248
«Иқтисодиётнинг ижтимоий секторини ривожлантиришнинг долзарб масалалари: миллий ва хорижий тажриба»
«Актуальные вопросы развития социального сектора экономики: отечественный и зарубежный опыт»
management object has not yet been reflected in modern literature and, as a rule, is
usually identified only as one of the elements of economic security. As an independent
object of research, the financial security of an enterprise has been considered relatively
recently.
The theoretical foundations of financial security, as part of economic security,
are dealt with by many economists.
The Russian scientist Parfenova T. gives the following definition of “financial
security”: financial security is part of the general economic security of the company
and is a set of measures taken to protect businesses from internal and external negative
financial threats.[2]
Litvinenko A.N. and Novosyadlo E.V. give the following definition of
"financial security": financial security is a system of principles and methods for the
development and implementation of managerial decisions related to ensuring the
protection of the company's priority financial interests from external and internal
threats.
But Lavrova Yu.V. interpreted as “an integral part of the economic security of
the enterprise, which consists in the existence of such a financial situation, which is
characterized by: a balance of financial instruments, technologies and services;
resistance to threats; the ability of the enterprise to ensure the implementation of
financial interests, missions and tasks, with sufficient amounts of financial resources;
as well as focus on sustainable development of the enterprise. ” [3]
According to R. S. Papekhin: this is the ultimate state of financial stability in
which enterprises must be in order to implement their strategy. Financial security is
characterized by the company's ability to withstand external and internal threats.[7]
Krush ZA., Tatarinskaya A.V. defined as: the financial condition of the
enterprise, characterized by a certain interval of critical values, which provides
protection from the negative effects of dangers and threats, guaranteeing the business
entity competitiveness and self-sufficiency, as well as ensuring stable functioning and
growth in the short and long term.
Blank I.A. claims that financial security is a quantitatively and qualitatively
determined level of the financial condition of an enterprise, ensuring stable protection
of its priority balanced financial interests from identified real and potential threats of
an external and internal nature, the parameters of which are determined on the basis of
its financial philosophy and create the necessary prerequisites for financial support for
it sustainable growth in the current and future period.[5]
Kirichenko A., Kim Yu. Gave a generalized definition: financial position and
financial stability, capable of providing the enterprise with normal efficient
development of its activities.
Uzbek economist, prof. A.U. According to Burkhanov, the country's financial
security:
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