Economic Security of the Russian Construction Complex
Keywords:
Economic security, sustainability, construction sector, risks, economic growth.
Abstract
The issues of economic security are becoming increasingly relevant due to highly controversial trends in the modern world. The article examines the basic economic characteristics of the construction complex, revealing potential threats and risks to its development. The authors suggest recommendations on improving the economic security of the construction complex. The paper discusses the methodology for assessing economic security. By critical generalization, the model of a comprehensive assessment of the economic security of the construction sector is scientifically substantiated. Empirical testing was carried out according to the consolidated financial statements of Russia’s construction sector. Based on the correlation analysis, the hypothesis on the existing relationship between the ratios of profitability, use of production facilities, use of labor resources, use of borrowed funds and the level of economic security of enterprises has been verified. The study proves that a competently built system for ensuring economic security using existing or built corporate resources can create the necessary conditions for achieving business goals and maximizing profit.
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References
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Akberdina, V.V, Tretyakova, O.V, & Vlasov, A.I. (2017). A Methodological Approach to Forecasting Spatial Distribution of Workplaces in an Industrial Metropolis. Problems and Perspectives in Management, 15(4), 50-61. https://doi.org/10.21511/ppm.15(4).2017.05
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Batkovskiy, A.M., Semenova, E.G., Fomina, A.V., Khrustalev, E.I., & Khrustalev, O.E. (2016). The Methodology and Mathematical Tools to Assess and Mitigate the Risk of Creating High-Tech Products. Indian Journal of Science and Technology, 9(28). https://doi.org/10.17485/ijst/2016/v9i28/97659
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HSE Experts: Construction Remains the Most Problematic and Unpredictable of the Basic Sectors of the Economy. (2019). Retrieved June 16, 2019, from https://erzrf.ru/publikacii/ehksperty-vsheh-stroitelstvo-ostaetsya-samoj-problemnoj-i-nepredskazuemoj-iz-bazovyh-otraslej-ehkonomiki
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Jankelová, N., Jankurová, A., Beňová, M., & Skorková, Z. (2018). Security of the Business Organizations as a Result of the Economic Crisis. Entrepreneurship and Sustainability Issues, 5(3), 659-671. https://doi.org/10.9770/jesi.2018.5.3(18)
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Mityakov, E.S., & Mityakov, S.N. (2014). An Adaptive Approach to the Calculation of a Generalized Index of Economic Security. Modern Problems of Science and Education, 2, 415-421.
Rosstat. (2018). Construction in Russia. Statistics Bulletin. Moscow. (p. 119).
Russian Manufacturers Are Interested in the Growth of Production Capacity, Export and Programs of State Support of the Construction Complex. (2019). Retrieved June 16, 2019, from http://natamac.ru/rossijskie-proizvoditeli-zainteresovany-v-roste-proizvodstvennyh-moshhnostej-eksporte-i-programmah-gospodderzhki-stroitelnoj-otrasli/
Smirnova, O.P. (2016). Industry Features of Ensuring the Economic Security of the Construction Business in Russia during the Crisis Period. Economy: Yesterday, Today, Tomorrow, 7, 144-153.
Smirnova, O.P., Akberdina, V.V., & Grebenkin, A.V. (2017). A Comprehensive Toolkit for Assessing the Economic Security of Industries: A Regional Aspect. Economy of the Region, 13(4), 1264-1279. https://doi.org/10.17059/2017-4-23
Stepashin, S.V. (2013). State Audit of the Regional Economic Security System. Bulletin of the AKSOR, 3(27), 8-11.
Vojtech, F., Levický, M., & Filip, S. (2019). Economic Policy for Sustainable Regional Development: A Case Study of Slovak Republic. Journal of Security and Sustainability Issues, 8(4), 597-608. https://doi.org/10.9770/jssi.2019.8.4(4)
White, W.R. (2004). Are Changes in Financial Structure Extending Safety Nets? BIS Working Papers, 145. https://doi.org/10.2139/ssrn.901385
Yemelyanov, G.V., & Streltsov, L.A. (2015). Problems of Ensuring the Economic Security of the Russian Federation. Information Society, 1, 35-47.
Zhumabekov, B.Ye., & Abdimomynova, A.Sh. (2016). Problems of Ensuring the Economic Security of the State. Young Scientist, 5, 328-331.
Akberdina, V.V, Tretyakova, O.V, & Vlasov, A.I. (2017). A Methodological Approach to Forecasting Spatial Distribution of Workplaces in an Industrial Metropolis. Problems and Perspectives in Management, 15(4), 50-61. https://doi.org/10.21511/ppm.15(4).2017.05
Aliyev, A.B. (2012). Study of the Problem of the Economic Security in the Industry and the Scientific and Technical Sphere. Actual Problems of Economic Sciences, 26, 177-187.
Batkovskiy, A.M., Semenova, E.G., Fomina, A.V., Khrustalev, E.I., & Khrustalev, O.E. (2016). The Methodology and Mathematical Tools to Assess and Mitigate the Risk of Creating High-Tech Products. Indian Journal of Science and Technology, 9(28). https://doi.org/10.17485/ijst/2016/v9i28/97659
Bendikov, M.A. (2015). Economic Security of an Industrial Enterprise in the Conditions of Crisis Development. Management in Russia and Abroad, 2, 102.
Bogaturov, A.D. (Ed.). (2012). Economic Political Science: Business Relations with the State and Society. Moscow: Aspekt Press. (p. 240).
Borseková, K., Petríková, K., & Vaňová, A. (2012). The Methodology of Use and Building Competitive Advantage on the Regional Level. Journal of Security and Sustainability Issues, 2(1), 41-50. https://doi.org/10.9770/jssi/2012.2.1(4)
Damaskin, O.V. (2003). Federalism and Regional Problems of the Economic Security of the Russian Federation: State Governance of the Economy: The Basis of Sustainable Development. Scientific and Analytical Journal Observer, 1-2, 71.
Dmitriev, I.A., & Bliznyuk, A.A. (n.d.). The Essence and Place of the Economic Security of the Enterprise in the System of Ensuring the Economic Security of the State. Retrieved August 2, 2019, from http://www.nbuv.gov.ua/portal/soc_gum/vsunu/2011_3_2/Dmitriev.pdf
Glazyev, S.Yu. (1997). Basics of Ensuring the Economic Security of a Country – an Alternative Reformation Course. Russian Economic Journal, 1, 3.
Gurvich, E.T. (2019). Possible Sources and Limitations of Growth of the Russian Economy in the Period up to 2024. Issues of Theoretical Economics, 1(4), 30-45.
HSE Experts: Construction Remains the Most Problematic and Unpredictable of the Basic Sectors of the Economy. (2019). Retrieved June 16, 2019, from https://erzrf.ru/publikacii/ehksperty-vsheh-stroitelstvo-ostaetsya-samoj-problemnoj-i-nepredskazuemoj-iz-bazovyh-otraslej-ehkonomiki
Illarionov, A.S. (2018). Criteria for Economic Security. Economic Issues, 5, 12-14.
Jankelová, N., Jankurová, A., Beňová, M., & Skorková, Z. (2018). Security of the Business Organizations as a Result of the Economic Crisis. Entrepreneurship and Sustainability Issues, 5(3), 659-671. https://doi.org/10.9770/jesi.2018.5.3(18)
Kulagina, N.M. (2015). Structural Parameters of Russian Employment and the Factors that Determined Their Changes. Proceedings of the Institute of the World Economy and Informatization, 1, 234-268.
Kuzmin, E.A. (2015). Fundamentals in Systematics of Uncertainty Management Theory. Mediterranean Journal of Social Sciences, 6(5S2), 380-389. https://doi.org/10.5901/mjss.2015.v6n5s2p380
Kuzmin, E.A., Vinogradova, M.V., & Guseva, V.E. (2019). Projection of Enterprise Survival Rate in Dynamics of Regional Economic Sustainability: Case Study of Russia and the EU. Entrepreneurship and Sustainability Issues, 6(4), 1602-1617. https://doi.org/10.9770/jesi.2019.6.4(4)
Limba, T., Stankevičius, A., & Andrulevičius, A. (2019). Industry 4.0 and National Security: The Phenomenon of Disruptive Technology. Entrepreneurship and Sustainability Issues, 6(3), 1528-1535. https://doi.org/10.9770/jesi.2019.6.3(33)
Lisin, E., Strielkowski, W., Chernova, V., & Fomina, A. (2018). Assessment of the Territorial Energy Security in the Context of Energy Systems Integration. Energies, 11(12). https://doi.org/10.3390/en11123284
Litau, E. (2018). Entrepreneurship and Economic Growth: A Look from the Perspective of Cognitive Economics. In ACM International Conference Proceeding Series (pp. 143-147). http://doi.org/10.1145/3271972.3271978
Mityakov, E.S., & Mityakov, S.N. (2014). An Adaptive Approach to the Calculation of a Generalized Index of Economic Security. Modern Problems of Science and Education, 2, 415-421.
Rosstat. (2018). Construction in Russia. Statistics Bulletin. Moscow. (p. 119).
Russian Manufacturers Are Interested in the Growth of Production Capacity, Export and Programs of State Support of the Construction Complex. (2019). Retrieved June 16, 2019, from http://natamac.ru/rossijskie-proizvoditeli-zainteresovany-v-roste-proizvodstvennyh-moshhnostej-eksporte-i-programmah-gospodderzhki-stroitelnoj-otrasli/
Smirnova, O.P. (2016). Industry Features of Ensuring the Economic Security of the Construction Business in Russia during the Crisis Period. Economy: Yesterday, Today, Tomorrow, 7, 144-153.
Smirnova, O.P., Akberdina, V.V., & Grebenkin, A.V. (2017). A Comprehensive Toolkit for Assessing the Economic Security of Industries: A Regional Aspect. Economy of the Region, 13(4), 1264-1279. https://doi.org/10.17059/2017-4-23
Stepashin, S.V. (2013). State Audit of the Regional Economic Security System. Bulletin of the AKSOR, 3(27), 8-11.
Vojtech, F., Levický, M., & Filip, S. (2019). Economic Policy for Sustainable Regional Development: A Case Study of Slovak Republic. Journal of Security and Sustainability Issues, 8(4), 597-608. https://doi.org/10.9770/jssi.2019.8.4(4)
White, W.R. (2004). Are Changes in Financial Structure Extending Safety Nets? BIS Working Papers, 145. https://doi.org/10.2139/ssrn.901385
Yemelyanov, G.V., & Streltsov, L.A. (2015). Problems of Ensuring the Economic Security of the Russian Federation. Information Society, 1, 35-47.
Zhumabekov, B.Ye., & Abdimomynova, A.Sh. (2016). Problems of Ensuring the Economic Security of the State. Young Scientist, 5, 328-331.
Published
2019-11-21
How to Cite
Smirnova, O. (2019). Economic Security of the Russian Construction Complex. Amazonia Investiga, 8(24), 315-323. Retrieved from https://www.amazoniainvestiga.info/index.php/amazonia/article/view/989
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