The Conception for the Formation of an Institutional Environment for Energy Security Management
Shchurov I. V.

Shchurov, Igor V. (2022) “The Conception for the Formation of an Institutional Environment for Energy Security Management.” The Problems of Economy 4:194–200.
https://doi.org/10.32983/2222-0712-2022-4-194-200

Section: Economics and Enterprise Management

UDC 330.342

Abstract:
The purpose of the article is to develop a conception for the formation of an institutional environment for energy security management, taking into account factors of external and internal influence. According to the results of the carried out study, it can be said that the transformation of the State system and the economic system, accompanied by centrifugal tendencies in the spheres of institutional management and the economy of the fuel and energy complex, has led to the emergence of a number of general, interrelated tendencies, among which are: changing the role of defining and expanding the conceptual mechanisms of market interaction between business entities; decentralization of service management in general, transfer of powers to the regional level; liberalization of prices for goods and services; change in qualitative and quantitative parameters of the functioning of enterprises of the fuel and energy complex. It is determined that along with the development of the enterprise, there is an objective need to eliminate the state of uncertainty and establish control over risks, and with the achievement of maturity, the business entity is «included» in the process of forming a conceptual institutional environment. The activities of economic entities in the modern economy cannot be analyzed from the point of view of neoclassical theory, since its methodological and categorical basis is insufficient for adequate analysis and explanation of economic phenomena in dynamics, for this it is necessary to form an institutional approach. It is determined that the systematization of institutions as elements of the institutional environment of economic entities of the fuel and energy complex allowed to identify their conceptual multilateral and multi-level nature.

Keywords: conception, institutional environment, energy security management, the State, market economy.

Fig.: 3. Bibl.: 8.

Shchurov Igor V. – Candidate on Doctor Degree, Department of Finance, Banking and Taxation, National University «Yuri Kondratyuk Poltava Politechnic» (24 Pershotravnevyi Ave., Poltava, 36011, Ukraine)
Email: igor_shchurov@nupp.edu.ua

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