Importance National interests of Russia, economy of the country, regions and industries mean that the economy should be capable of generating the continuing investment process supporting the reproduction of national wealth and sustainable development and strategic competitiveness of the national economy. Objectives The research examines the substance of business integration and quasi-integration as mechanisms for investing in economic security. I also identify how business integration influences the nature and mechanisms of cash flow management. Methodology The research employs such conventional methods as analysis and synthesis, observation, induction and deduction, systems approach, graphical method. Results I scrutinized such constructs as integration and quasi-integration and proposed my own classification of combined business structures by type of integration ties. Various integration forms were found to be significant for economic security investment. Conclusions and Relevance Business structure components can have integration and quasi-integration nexus. The nature of integration ties directly influences the management of business structures, investment risk level and cash flow management mechanisms. Diversified integration generates higher effect in less advanced economies. This effect stems from intragroup maneuvering of financial resources, since it is necessary to establish business structures reducing transaction costs and adapting to the weakness of institutions, when capital markets and their institutional regulators are weak due to insufficient financial injections.
Keywords: economic integration, business group, investment, investment risk, economic security
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