The Structure of the Mechanism for the Development of Commercial Law in the Context of Ensuring the Economic Security of an Enterprise: Countering Financial Risks
(Pages 2699-2705)Hisham Jadallah Mansour Shakhatreh1, Farouq Ahmad Faleh Alazzam1,*, Iryna Bosak2, Viktoriia Homolskay, Lesia Sai3 and Oleksandr Levchenkoy
1Faculty of Law, Jadara University, Irbid, Jordan.
2Department of Entrepreneurship and Marketing, Ukrainian Academy of Printing, Lviv, Ukraine.
3Department of Management and International Business, Lviv Polytechnic National University, Lviv, Ukraine.
4Department of Management and Entrepreneurship, Volodymyr Vynnychenko Cental Ukrainian State University, Kropyvnytskyi, Ukraine.
DOI: https://doi.org/10.55365/1923.x2023.21.291
Abstract:
The study is aimed at understanding the process of determining and compiling the impact of financial risks as a key element in the process of ensuring the economic security of an enterprise in the context of commercial law. In this regard, the key goal of the study is to determine and form a hierarchy of the influence of key risks as a key element in the process of ensuring the economic security of the enterprise in the context of commercial law. During the research, both general theoretical research methods and specific ones were used: hierarchical analysis and pairwise comparison of weight levels, as well as the expert survey method. Functional modeling methodology IDEF0 was used to formulate strategies to counter key financial risks. The relevance of the study lies in the understanding that in response to growing financial risks, enterprises must develop and implement comprehensive strategies that include the identification, assessment, monitoring and management of these risks in the context of commercial law. Consideration of these factors is critical to maintaining the sustainability of the enterprise and its ability to achieve strategic goals in the long term. The object of the study is the system for ensuring the economic safety of the company in the context of commercial law. The research is limited both by the number of risks selected and by the fact that the research process took into account risks that are specific to a particular region. In the future, it is planned to expand the scope of analysis of this topic.
Keywords:
Economic Security, Financial Risks, Risk Management, Hierarchical Analysis, Commercial Law, Model, Personnel.
How to Cite:
Hisham Jadallah Mansour Shakhatreh, Farouq Ahmad Faleh Alazzam, Iryna Bosak, Viktoriia Homolskay, Lesia Sai and Oleksandr Levchenko. The Structure of the Mechanism for the Development of Commercial Law in the Context of Ensuring the Economic Security of an Enterprise: Countering Financial Risks. [ref]: vol.21.2023. available at: https://refpress.org/ref-vol21-a291/
Licensee REF Press This is an open access article licensed under the terms of the Creative Commons Attribution Non-Commercial License (http://creativecommons.org/licenses/by-nc/3.0/) which permits unrestricted, non-commercial use, distribution and reproduction in any medium, provided the work is properly cited.