Choosing an organizational and economic mechanism to ensure the financial security of gas distribution companies
DOI:
https://doi.org/10.58423/2786-6742/2023-4-277-292Keywords:
gas distribution companies, financial security, capital flow, threats, organizational and economic mechanism, adaptive forecastingAbstract
Changes in the natural gas market related to the implementation of the requirements of the European Union's Third Energy Package affect the financial security of gas distribution companies. Changes in the natural gas market related to the implementation of the requirements of the European Union's Third Energy Package affect the financial security of gas distribution companies. The purpose of the article is to develop a scientific and methodological approach to the selection of an organizational and economic mechanism for ensuring the financial security of gas distribution enterprises, which takes into account the combination of their status as natural monopoly entities and enterprises, and to substantiate practical recommendations for its implementation. A set of methods of scientific cognition was used, namely: the fundamental provisions of the theory of finance, probability theory and mathematical statistics, and the method of adaptive forecasting. The choice of the optimal type of organizational and economic mechanism for ensuring the financial security of gas distribution enterprises is proposed to be carried out taking into account the phased withdrawal from the financial crisis. If the type of mechanism is used effectively, the enterprise proceeds to implement a preventive mechanism; if it is ineffective, it is necessary to review the measures or proceed to the liquidation procedure; if the preventive mechanism is used effectively, the enterprise proceeds to the stabilization mechanism or a radical one. The scientific and methodological approach to the choice of an organizational and economic mechanism for ensuring the financial security of gas distribution enterprises in Ukraine has been proposed. It is aimed at consistent and targeted implementation of a set of preventive, stabilization and radical measures that enables prevention of financial risk, timely assessment and forecasting of its level, as well as development, implementation and monitoring of the relevant program. The implementation of the proposed scientific and methodological approach in the practical activities of gas distribution enterprises involves the preparation of substantive information, analytical and methodological support, which consists in a comprehensive analysis of financial security.
References
Azarenkova G. M. Finansovi potoky` v sy`stemi ekonomichny`x vidnosy`n: monografiya. X.: VD «INZhEK», 2006. 328 p. [in Ukrainian].
Baranovs`ky`j O. I. Finansovi kry`zy`: peredumovy`, naslidky` i shlyaxy` zapobigannya: monografiya. K.: Ky`yiv. nacz. torg.-ekon. un-t, 2009. 754 p. [in Ukrainian].
Poyda-Nosyk N. N. Finansova bezpeka aktsionernykh tovarystv: teoretyko-metodolohichnyi ta praktychnyi aspekty systemnoho pidkhodu : monohrafiia [Financial security of joint-stock companies: theoretical-methodological and practical aspects of the systemic approach]. Chernihiv: ChNTU, 2020. 306 p. [in Ukrainian].
Vasy`l`civ T. G. Finansovo-ekonomichna bezpeka pidpry`yemstv Ukrayiny`: strategiya ta mexanizmy` zabezpechennya: monografiya / T. G. Vasy`l`civ, V. I. Voloshy`n, O. R. Bojkevy`ch [za red. T. G. Vasy`l`civa]. L`viv : Vy`davny`cztvo, 2012. 386 s. [in Ukrainian].
Ekonomichna bezpeka ta finansovi rozsliduvannya: koncepty`, pragmaty`ka, instrumentarij zabezpechennya : kolekty`vna monografiya. / za zag. red. d.e.n., docz. O. I. Vivchar. Ternopil`: Ekonomichna dumka , 2019. 395 s. [in Ukrainian].
Luk'yanova V. V., Shutyak Yu. V. Diagnosty`ka ekonomichnoyi bezpeky` pidpry`yemstva: monografiya. Xmel`ny`cz`ky`j: Xmel`ny`cz`ky`j nacional`ny`j universy`tet, 2013. 165 s. [in Ukrainian].
Mel`ny`k S. I. Upravlinnya finansovoyu bezpekoyu pidpry`yemstv: teoriya, metodologiya, prakty`ka: monografiya. L`viv: «Rastr-7», 2020.384 s. [in Ukrainian].
Nusinova O. V. Ocinka finansovoyi bezpeky` pidpry`yemstv: monografiya. Kry`vy`j Rig : Dionis, 2011. 189 s. [in Ukrainian].
Poltorak A. S. Finansova bezpeka derzhavy` v umovax globalizaciyi: teoriya, metodologiya ta prakty`ka: monografiya. My`kolayiv : MNAU, 2019. 463 s. [in Ukrainian].
Susidenko O. V. Finansova bezpeka pidpry`yemstva: teoriya, metody`, prakty`ka : monografiya. K. : Centr uchbovoyi literatury`, 2015. 127 s. [in Ukrainian].
Teorety`ko-metody`chni ta pry`kladni zasady` zabezpechennya finansovo-ekonomichnoyi bezpeky`: monografiya / za red. d.e.n., prof. A. V. Cherep. Zaporizhzhya: ZNU, 2013. 311 s. [in Ukrainian].
Upravlinnya ekonomichnoyu bezpekoyu pidpry`yemstv yak skladova regulyuvannya finansovoyi bezpeky` Ukrayiny`: monografiya / za red. O. V.Cherevka. Cherkasy` : ChNU im. B. Xmel`ny`cz`kogo, 2019. 236 s. [in Ukrainian].
Finansovo-ekonomichna bezpeka: strategichna anality`ka ta audy`tors`ky`j suprovid: monografiya / Xarkiv. nacz. un-t mis`k. gosp-va im. O. M. Beketova; za zag. red. T. V. Momot. Xarkiv: XNUMG im. O. M. Beketova, 2015. 340 s. [in Ukrainian].
Kropy`vny`cz`ka V. B., Magas D. M. Zastosuvannya shtuchny`x nejromerezh dlya vy`rishennya problem naftogazovoyi promy`slovosti. Mizhnarodny`j naukovy`j zhurnal «Internauka». 2022. # 10. S. 23-24. URL: http://nbuv.gov.ua/UJRN/mnj_2022_10_6 (data zvernennya: 01.06.2023 r.) [in Ukrainian].
Slyusarenko Yu. A. Derzhavna polity`ka u naftogazovij sferi u konteksti nacional`noyi bezpeky` Ukrayiny`. Naukovy`j visny`k Dnipropetrovs`kogo derzhavnogo universy`tetu vnutrishnix sprav. 2021. # 1. S. 82-88. URL: http://nbuv.gov.ua/UJRN/Nvdduvs_2021_1_14 (data zvernennya: 10.05.2023 r.) [in Ukrainian].
Chukayeva I. K. Serty`fikaty` API – napryamok pidvy`shhennya konkurentozdatnosti ukrayins`ky`x pidpry`yemstv naftogazovogo mashy`nobuduvannya. Mizhnarodny`j naukovy`j zhurnal «Internauka». Seriya: Ekonomichni nauky`. 2021. # 3 (1). S. 93-98. URL: http://nbuv.gov.ua/UJRN/mnjie_2021_3(1)__14 (data zvernennya: 15.04.2023 r.) [in Ukrainian].
Mann R. V., Finagina O. V., Baranov G. O. Analiz logisty`chnoyi skladovoyi naftogazovoyi galuzi regionu. Zbirny`k naukovy`x pracz` Cherkas`kogo derzhavnogo texnologichnogo universy`tetu. Seriya : Ekonomichni nauky`. 2022. Vy`p. 64. S. 5-13. URL: http://nbuv.gov.ua/UJRN/Znpchdtu_2022_64_3 (data zvernennya: 23.05.2023 r.) [in Ukrainian].
Topy`lo V. A. Determinanty` vply`vu na vprovadzhennya byudzhetuvannya u verty`kal`no-integrovany`x strukturax (na pry`kladi naftogazovoyi sfery`). Ekonomika, upravlinnya ta administruvannya. 2022. # 1. S. 103-111. URL: http://ema.ztu.edu.ua/article/view/254544 (data zvernennya: 17.05.2023 r.) [in Ukrainian].
Maczuk Z. M. Koncepciya bezpeky` ta energoresursoefekty`vnosti naftogazovoyi galuzi Ukrayiny`. Ukrayins`ky`j zhurnal budivny`cztva ta arxitektury`. 2021. # 4. S. 46-57. URL: http://srd.pgasa.dp.ua:8080/bitstream/123456789/7597/1/MATSUK.pd (data zvernennya: 18.04.2023 r.) [in Ukrainian].
Aditi N Kamath, Sandeep S. Shenoy, Subrahmanya Kumar N. An overview of investor sentiment: Identifying themes, trends, and future direction through bibliometric analysis. Investment Management and Financial Innovations Volume 19, 2022. Issue #3. pp. 229-242. DOI: http://dx.doi.org/10.21511/imfi.19(3).2022.19 (access mode: 08.01.2023 р.) [in English].
Jarmila Horvathova, Martina Mokrisova, Igor Petruška. Indebtedness and profitability – A threshold model approach. Investment Management and Financial Innovations. Volume 19, 2022. Issue #3. pp. 13-27. DOI: http://dx.doi.org/10.21511/imfi.19(3).2022.02 (access mode: 28.01.2023 р.) [in English].
Yeletskyh, S. The elements of innovative management in a financially sustainable development of industrial enterprises. Marketing and Management of Innovations. 2014. # 4. pp. 84-90. DOI: https://doi.org/10.21272/mmi.2014.4-09 (access mode: 22.09.2020 р.) [in English].
Bitila Shosha, Romeo Mano, Armela Anamali. Businesses and COVID-19 impact, liquidity issues and failure perceptions: The case of Albania. Investment Management and Financial Innovations. Volume 19, 2022. Issue #2. pp. 95-106. DOI: http://dx.doi.org/10.21511/imfi.19(2).2022.08 (access mode: 10.01.2023 р.) [in English].
Omolayo Sunday Kayode, Mabutho Sibanda, Odunayo Magret Olarewaju. Analyzing the determinants of financial management behavior of administrators in Nigerian state-owned enterprises. Investment Management and Financial Innovations. Volume 19, 2022. Issue #3. pp. 278-290. DOI: http://dx.doi.org/10.21511/imfi.19(3).2022.23 (access mode: 01.02.2023 р.) [in English].
Maksym W. Sitnicki, Alla Stepanova, Vasyl Pryimak, Oksana Zhylinska. Creative management: Model for the development of entrepreneurial competencies. Problems and Perspectives in Management. Volume 20, 2022. Issue #3. pp. 310-324. DOI: http://dx.doi.org/10.21511/ppm.20(3).2022.25 (access mode: 12.02.2023 р.) [in English].
PAT «Vinny`cyagaz»: oficijny`j veb-resurs. URL: https://vn.naftogaz.com/about/ (data zvernennya: 01.06.2023 r.) [in Ukrainian].
PAT «Chernigivgaz»: oficijny`j veb-resurs. URL: https://cngaszbut.com.ua/ (data zvernennya: 01.06.2023 r.) [in Ukrainian].
PAT «Xarkivgaz»: oficijny`j veb-resurs. URL: https://khgas.naftogaz.com/ (data zvernennya: 01.06.2023 r.) [in Ukrainian].
Dica Lady Silvera, Achmad Hizazi, M. Syurya Hidayat, Sri Rahayu. Financial constraints and corporate governance as moderating variables for the determinants of tax avoidance. Investment Management and Financial Innovations. Volume 19, 2022. Issue #1. pp. 274-286. DOI: http://dx.doi.org/10.21511/imfi.19(1).2022.21 (access mode: 01.02.2023 р.) [in English].
Enni Savitri, Tatang Ary Gumanti, Almasdi Syahza, Nik Herda Nik Abdullah. The market value of equity of manufacturing companies during the COVID-19 pandemic. Investment Management and Financial Innovations. Volume 18, 2021. Issue #4. pp. 1-11. DOI: http://dx.doi.org/10.21511/imfi.18(4).2021.01 (access mode: 14.02.2022 р.) [in English].
Isabel Alzate, Eva Manotas, Antonio Boada, Camilo Burbano. Meta-analysis of organizational and supply chain dynamic capabilities: A theoretical-conceptual relationship. Problems and Perspectives in Management. Volume 20, 2022. Issue #3. pp. 335-349. DOI: http://dx.doi.org/10.21511/ppm.20(3).2022.27 (access mode: 18.01.2023 р.) [in English].
Novice Patrick Bakehe, Roukiya Hassan. Economic growth and conservation effort in the Congo Basin. Environmental Economics. Volume 12, 2021. Issue #1. pp. 32-38. DOI: http://dx.doi.org/10.21511/ee.12(1).2021.03 (access mode: 05.01.2022 р.) [in English].
Downloads
Published
Issue
Section
License
Copyright (c) 2024 Kateryna Oriekhova, Олена Golovko
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons CC BY-NC License.
