METHODOLOGICAL APPROACH TO ANALYZING AND EVALUATING RISKS AND THREATS TO ENSURE THE ECONOMIC SECURITY OF CONSTRUCTION ENTERPRISES IN UKRAINE

Abstract

The article proposes a methodological approach to the analysis and assessment of risks and threats to the economic security of construction enterprises in Ukraine. It establishes that economic security (ES) issues arise for every enterprise both under stable development conditions and during crises. Consequently, construction companies are increasingly focusing on diagnosing and analyzing economic security as a whole. Often, the survival of a business in challenging economic conditions depends on its ability to identify and manage various risks and threats in a timely manner, which create a complex and unstable environment.
In this study, a multi-criteria classification of threats to the economic security of construction enterprises has been developed, and the main types of internal threats have been examined. A comprehensive approach to studying these threats is proposed, which enhances understanding of the risk implementation mechanism in the construction sector. The level of economic security of an enterprise is influenced by numerous interconnected factors, including risks related to projects, financing, and material supply, as well as external conditions such as the economic situation and political stability.
It is noted that the analysis of threats and risks significantly impacting the economic security of enterprises reveals substantial contradictions that necessitate further consideration of key factors from both the external and internal environments. The study concludes that risks and threats can significantly affect the safety of construction enterprises, generating uncertainty in nearly all areas of the business’s activities. Collectively, these elements can worsen the financial stability of construction enterprises, reduce their competitiveness, and generally threaten their economic stability. The proposed methodological approach allows for the consideration of significant external and internal environmental factors that affect the provision of economic security.