BUSINESS VALUE MANAGEMENT FOR COUNTRY ECONOMIC SECURITY

UDC 338.24

  • Rassokha Yauheni Vyacheslavovich − PhD (Economics), Associate Professor, Head of the Department of Production Organization and Real Estate Economics. Belarusian State Technological University (13a, Sverdlova str., 220006, Minsk, Republic of Belarus). E-mail: evgeni_ros@mail.ru

  • Korsunsky Dmitriy Igorevich − deputy general director RUE “Institute of Real Estate and Valuation” (11, Komsomol’skaya str., 220030, Minsk, Republic of Belarus); PhD student, the Department of Production Organization and Real Estate Economics. Belarusian State Technological University (13a, Sverdlova str., 220006, Minsk, Republic of Belarus). E-mail: korsunsky@tut.by

  • Frantsuzova Anastasiya Mikhaylovna − master, specialist of the Department of Production Organization and Real Estate Economics. Belarusian State Technological University (13a, Sverdlova str., 220006, Minsk, Republic of Belarus). E-mail: francuzova_nastasja@rambler.ru

DOI: https://doi.org/10.52065/2520-6877-2022-262-2-79-85

Key words: economic security, management quality, corporate governance, enterprise value, cost factors, stakeholders.

For citation:Rassokha Ya. V., Korsunsky D. I., Frantsuzova A. M. Business value management for country economic security. Proceedings of BSTU, issue 5, Economics and Management, 2022, no. 2 (262). pp. 79–85 (In Russian). DOI: https://doi.org/10.52065/2520-6877-2022-262-2-79-85.

Abstract

The issues of the country’s economic security are directly determined by the activities of economic entities – enterprises. According to legislation of the Republic of Belarus, the article substantiates that economic security is ensured by achieving the stability of the financial condition of enterprises, their balanced development with a continuous increase in the quality of management. The analysis showed that the corporate governance system initiated by the State Property Committee makes it possible to assess the quality of governance based on the methodology developed by it. The authors noted that the quality of management assessment in the current practice is based on a large number of indicators, causing difficulty in managing them, since the improvement of one may lead to a decrease in others. At the same time, the article substantiates an integrated indicator that allows, in dynamics, taking account of stakeholders interests, to assess both the balance and stability of an enterprise, and the quality of its strategic management.

In the article, the authors present a three-stage model of enterprise (business) value management, including: value calculation (methods for value calculating are proposed), substantiation of key value factors (the economic value-added model is adapted), value factors management in the interests of stakeholders (the approach of balancing the interests of various stakeholders is substantiated and defined the stages of implementation of the value management system).

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