Subject. This article discusses measures to ensure continuous corporate financial security against various types of threats to sustainable development generated by ESG factors. Objectives. The article aims to analyze the existing measures of ensuring corporate financial security and develop measures for the continuity of corporate financial security. Methods. For the study, I used induction and deduction, synthesis, logical and statistical analyses, systems approach, comparison, and generalization. Results. Based on the analysis of the existing financial measures to ensure corporate financial security, the article presents the author-developed measures to ensure continuous corporate financial security, minimizing financial losses or preventing threats caused by the implementation of ESG principles by corporations, taking into account the impact of ESG factors on their financial and non-financial performance. Conclusions and Relevance. The developed measures of corporate financial security ensure its high level, prevent financial damage and minimize financial losses in the event of external and internal threats, and ensure the continuity of financial and economic activities and sustainable economic development of the corporation.
Keywords: corporate financial safety, financial sustainability, threats, sustainable development
References:
Danilov Yu.A. [The concept of sustainable finance and prospects for its implementation in Russia]. Voprosy Ekonomiki, 2021, no. 5, pp. 5–25. (In Russ.) URL: Link
Natocheeva N.N., Foshkin A.E. [Methods for managing banking ESG risks]. Bankovskoe delo = Banking, 2023, no. 2, pp. 63–67. (In Russ.)
Ivanov A.V. [Interrelation between corporate financial safety system and technologies for sustainable development of companies]. Ekonomika i predprinimatel'stvo = Economy and Entrepreneurship, 2023, no. 2, pp. 828–834. (In Russ.)
Saradzheva O.V., Barikaev E.N. Finansovaya bezopasnost': monografiya [Financial safety: a monograph]. Moscow, YUNITI-DANA, Zakon i pravo Publ., 2017, 103 p.
Kulagina N.A., Terekhova A.A., Nadezhina O.S. [Diagnostics of the level of financial security of the region: issues of assessment and comparative analysis]. Biznes. Obrazovanie. Pravo = Business. Education. Law, 2021, no. 4, pp. 152–158. (In Russ.)
Agarkova L.V., Doronin B.A., Agarkov A.V. et al. Upravlenie finansovoi bezopasnost'yu: monografiya [Financial safety management: a monograph]. Moscow, Berlin, Direkt-Media Publ., 2016, 293 p.
Davydova L.V., Fedorova O.A. Formirovanie mekhanizma obespecheniya finansovoi bezopasnosti v sisteme finansovogo menedzhmenta predpriyatiya: monografiya [Formation of a mechanism for ensuring financial security in the financial management system of an enterprise: a monograph]. Orel, Gosuniversitet-UNPK Publ., 2014, 184 p.
Sattarova N.A. [Financial safety system and measures of ensuring]. Pravo i gosudarstvo: teoriya i praktika = Law and State: Theory and Practice, 2016, no. 10, pp. 91–95. URL: Link (In Russ.)
Kucherov I.I., Povetkina N.A. Pravovye sredstva obespecheniya finansovoi bezopasnosti: monografiya [Legal means of ensuring financial safety: a monograph]. Moscow, Norma, INFRA-M Publ., 2022, 240 p.
Gleißner W., Günther T., Walkshäusl C. Financial Sustainability: Measurement and Empirical Evidence. Journal of Business Economics, 2022, vol. 92, pp. 467–516. URL: Link
D'yakov S.A. Shibanikhin E.A. Finansovaya ustoichivost' predpriyatiya kak uslovie ukrepleniya ego ekonomicheskoi bezopasnosti: monografiya [Financial stability of an enterprise as a condition for strengthening its economic safety: a monograph]. Krasnodar, Kuban State Agrarian University named after I.T. Trubilin Publ., 2018, 190 p.
Chepik O.V., Chepik S.G. Prognozirovanie finansovoi ustoichivosti organizatsii v sisteme ekonomicheskoi bezopasnosti: monografiya [Forecasting the financial stability of organizations in the economic security system: a monograph]. Kursk, Universitetskaya kniga Publ., 2022, 150 p.
Morgun O.V. [Concept and main features of financial security measures]. Natsional'naya bezopasnost' / Nota bene, 2014, no. 2, pp. 235–243. (In Russ.)
Battalova A.A., Efimova N.A. [Threats to the financial security of an enterprise in modern economic conditions]. Ekonomika i upravlenie: nauchno-prakticheskii zhurnal. = Economics and Management: Scientific and Practical Journal, 2023, no. 6, pp. 105–109. (In Russ.)
Nikitskaya E.F. [Financial security of business entities: macroeconomic aspects]. Federalizm = Federalism, 2023, vol. 28, no. 1, pp. 153-171. (In Russ.)
Zhulina E.G., Kuznetsova I.V. Napravleniya obespecheniya ekonomicheskoi bezopasnosti predpriyatiya: finansovo-ekonomicheskii aspekt: monografiya [Directions for ensuring the economic security of an enterprise: financial and economic aspect: a monograph]. Saratov, Institut issledovanii i razvitiya professional'nykh kompetentsii Publ., 2018, 172 p.
Ordov K.V., Shchurina S.V., Kiseleva T.Yu., Malofeev S.N. Korporativnye finansy i sovremennye finansovye tekhnologii: teoriya i praktika: monografiya [Corporate finance and modern financial technologies: theory and practice: a monograph]. Moscow, KnoRus Publ., 2021, 84 p.
Ivanov A.V. [Classification of threats for corporate financial safety under ESG implementation]. Ekonomika i predprinimatel'stvo = Journal of Economy and Entrepreneurship, 2024, no. 4, pp. 341–349. (In Russ.)