THEORETICAL AND METHODOLOGICAL ASSESSMENT OF THE INTERRELATIONSHIP BETWEEN FINANCIAL RISKS AND FINANCIAL SECURITY OF ECONOMIC ENTITIES

Abstract

The article is devoted to the theoretical and methodological assessment of financial security in the conditions of financial risks at the micro- and macro-financial levels. The task is to identify the main relationships between the types of financial security and the stability of business projects in the conditions of global shocks, which made it possible to identify current provisions and directions for harmonizing the components of the mechanism of financial security of economic entities. The purpose of the article is to determine, at the theoretical and methodological level, the relationships between financial risks and financial security of economic entities at the micro and macro levels. The scientific works of scientists who study financial security through the prism of financial risks from the perspective of protecting economic entities from negative consequences in the foreseeable future have been investigated. Contradictions and alternative interpretations of the main financial definitions have been identified, and an own interpretation of financial processes and relationships between participants in financial relationships has been proposed from the perspective of the risk-oriented paradigm of financial science. The semantic forms of the category “financial security” have been systematized on the basis of criteria that are successfully combined with risk management and forecasting systems, which, in our opinion, should be used in scientific research. The author's assessment of financial categories was carried out and the main directions of improving provision, the formation of differences from financing and cash flows were identified. The static and dynamic characteristics of the financial system, which have a direct impact on the main processes inherent in the financial environment of the country, were updated. The author's definition of financial provision as one of the categories of financial science, which can be used in the study of economic entities in conditions of unpredictable changes in the global financial and economic arena, was proposed. Financing is updated as a definition of financial science, which forms the prerequisites for identifying the definition of "financial security" and, based on the identified stages of the latter's implementation, financial risks are systematized by levels and directions of occurrence. The need to form a mechanism for managing financial risks at both the macro and micro levels of the country's economy is emphasized.