The Instruments and Ways to Ensure Economic Security of Pharmaceutical Enterprises
Demchenko N. V., Popova I. A., Lelyuk N. Y., Shved A. B.

Demchenko, Nataliia V. et al. (2023) “The Instruments and Ways to Ensure Economic Security of Pharmaceutical Enterprises.” The Problems of Economy 2:147–155.
https://doi.org/10.32983/2222-0712-2023-2-147-155

Section: Economics and Enterprise Management

UDC 330.331.1

Abstract:
The article identifies problems of ensuring economic security of enterprises of pharmaceutical industry of Ukraine. It is noted that the state of manufacturing pharmaceutical enterprises, complicated by military operations on the territory of Ukraine, requires the search for instruments to identify and forecast economic security as an effective task of crisis management of enterprises and stabilization of the functioning of the pharmaceutical industry. It is noted that ensuring the economic security of a manufacturing enterprise is considered as a complex system covering organizational-economic, financial, innovation-investment, technical, managerial, informational, legal, ecological, personnel, and other aspects. Taking into account the specifics of production-economic activity of enterprises of the pharmaceutical industry, the main threats to economic security have been identified. On the example of pharmaceutical enterprises, an integral indicator of the level of economic security is computed, taking into account the probability of occurrence of certain threats. A close correlation between the level of economic security of pharmaceutical enterprises and profitability of enterprise activity is identified. It is concluded that the proposed instruments can be applied to enterprises of other sectors of economy, taking into account the specifics of their production activities. It is noted that different degrees of probability and nature of each threat (managed and unmanageable) require implementation of a set of measures to prevent/mitigate the consequences of each threat, which requires additional financial resources, but these costs are rather appropriate investments in stable future development of enterprise. A system of measures for economic security of enterprises in the pharmaceutical industry has been proposed, which provides for a set of interrelated actions to prevent and/or mitigate the consequences of threats in modern socioeconomic and political realities, will solve the issue of creating favorable conditions for the functioning and development of the pharmaceutical industry of Ukraine.

Keywords: economic security, pharmaceutical industry, enterprise, profitability, regression model.

Fig.: 3. Tabl.: 3. Formulae: 3. Bibl.: 13.

Demchenko Nataliia V. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Organization and Economics of Pharmacy, National Pharmaceutical University (53 Pushkіnska Str., Kharkіv, 61002, Ukraine)
Email: demchenata@ukr.net
Popova Iryna A. – Candidate of Sciences (Economics), Senior Research Fellow, Associate Professor, Department of Organization and Economics of Pharmacy, National Pharmaceutical University (53 Pushkіnska Str., Kharkіv, 61002, Ukraine)
Email: ira_popova_dik@ukr.net
Lelyuk Natalia Ye. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Finance, Accounting and Business Security, O. M. Beketov National University of Urban Economy in Kharkiv (17 Chornohlazivska Str., Kharkіv, 61002, Ukraine)
Email: natalia.lelyuk@gmail.com
Shved Alina B. – Candidate of Sciences (Economics), Associate Professor, Department of Management and Public Administration, O. M. Beketov National University of Urban Economy in Kharkiv (17 Chornohlazivska Str., Kharkіv, 61002, Ukraine)
Email: alinaborisovnamazur@gmail.com

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