ECONOMIC SECURITY SYSTEMS OF AGRICULTURAL HOLDINGS IN UKRAINE IN CONDITIONS OF SUSTAINABLE DEVELOPMENT

• Main Author: Bohdana Dub
• Format: Article
• Language: English
• Published: Consilium LLC 2021-01-01
• Series: European Cooperation
• Subjects: agroholdings; agrocompanies; agrocorporations; economic security system; strategy; component
• Online Access: https://european-cooperation.eu/index.php/EC/article/view/113

Agricultural holdings have a great influence on economic and food security at national and global levels. Thus, it is necessary to study their own systems of enterprise-wide risk management. The article aims to determine the characteristics of the economic security systems at agroholdings in Ukraine and to reveal the development state of these systems by functional components. The study uses the following methods: semantic-structural, comparative and statistical analysis (in research of the components of the economic security of agricultural holdings); description, diagnostics of components of the economic security system; tabular and graphical (diagrams) – for visualization of research results and statistics systematization. The analysis of existing systems of economic security in agroholdings with assets in Ukraine is carried out. For further analysis, the 5 largest agroholdings of Ukraine were selected – with different financial status, scale of production, presence on international stock exchanges, that met the criterion of geographical representation (activity covers several regions of Ukraine) and availability of consolidated (including financial) information: Avangard, Agroton, IMC, Kernel and MHP. The general description of the companies and the history of activity are given. The information on the companies’ status by the components of the economic security system is summarized: personnel, political and legal, information, production, physical, market, interface security. The main characteristics of risk management systems of the five largest agricultural holdings of Ukraine are revealed, activity indicators are presented and their strategies are summarized. It is found out that the activity of agroholdings in the aspect of the enterprise economic security is fragmented and in fact, an integrated system is not yet formed. It is recommended to consider economic security as a comprehensive concept, to introduce appropriate units, or to involve specialists for the formation and development of holistic independent self-sufficient economic security systems in each agricultural company.