Published 2019-11-21
Keywords
- Economic security, sustainability, construction sector, risks, economic growth.
How to Cite
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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