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A methodological approach to optimizing financial resources to increase the level of economic security in a dynamic external environment

Author

Listed:
  • Kopytko Marta

    (Department of Social and Behavioral Sciences, Humanities and Economic Security, Lviv State University of Internal Affairs, Lviv, Ukraine)

  • Sylkin Oleksandr

    (Faculty of Management, Rzeszów University of Technology, Rzeszów, Poland)

  • Ruda Iryna

    (Faculty of Finance and Business Management, Ivan Franko National University of Lviv, Lviv, Ukraine)

Abstract

The purpose of the article is to present a new approach to the optimal selection of financial resources to increase the level of economic security in a dynamic external environment. The scientific question arises as to which of the possible options is optimal, taking into account the dynamism of the external environment and security needs. The object of the study is the economic safety of industrial companies. The methodology is based on modern methods of system analysis, multi-criteria evaluation and paired comparison. The main result of the study is the proposed approach to assessing resource support for the implementation of a security mechanism, which, based on the actual limitations of human, organizational and financial resources at the disposal of most Ukrainian enterprises, can significantly improve the efficiency of their use without reducing the effectiveness of actions which are aimed at increasing competitiveness. The study has limitations, since it only takes into account the specifics of enterprises in the industrial sector of this economy, and therefore the options for financial resources are adjusted accordingly.

Suggested Citation

  • Kopytko Marta & Sylkin Oleksandr & Ruda Iryna, 2024. "A methodological approach to optimizing financial resources to increase the level of economic security in a dynamic external environment," Financial Internet Quarterly (formerly e-Finanse), Sciendo, vol. 20(1), pages 29-38, March.
    • Handle: RePEc:vrs:finiqu:v:20:y:2024:i:1:p:29-38:n:3
    DOI: 10.2478/fiqf-2024-0003
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    More about this item

    Keywords

    Financial Resources; Resource Provision; Economic Security; External Environment; Optimization of Resource Provision;
    All these keywords.

    JEL classification:

    • L53 - Industrial Organization - - Regulation and Industrial Policy - - - Enterprise Policy
    • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development

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