CONCEPTUAL NATURE AND INDICATIVE FRAMEWORK OF FINANCIAL SAFETY Cover Image

КОНЦЕПТУАЛНА СЪЩНОСТ И ИНДИКАТИВНА РАМКА НА ФИНАНСОВАТА БЕЗОПАСНОСТ
CONCEPTUAL NATURE AND INDICATIVE FRAMEWORK OF FINANCIAL SAFETY

Author(s): Nedka Nikolova
Subject(s): Social Sciences
Published by: Сдружение „Академия за иновации и устойчивост“
Keywords: financial safety; economic safety; economic safety management
Summary/Abstract: Financial safety is one of the most important, relatively autonomous components of the economic safety system. The latest global financial and economic crisis (2008-2011) puts forward a set of methodological, legal and practical issues related to the conceptual nature, the indicative framework and the mechanisms for assessing and managing financial processes for ensuring financial security on national, regional and corporate levels. Over the last decade, the theoretical and methodological foundations of financial science, in particular financial security, have been actively developing but so far there have not been found any unified understanding or methodological system for its evaluation and management. Financial safety is a complex, multi-dimensional and multi-level phenomenon that has a direct and substantial attitude towards the socio-economic development of society. It is the most important qualitative characteristic of all elements of the national safety system. On the one hand, it is a class concept in relation to the generic concept of “economic safety”, but on the other hand, via its most essential property - diffusion, it penetrates through all components of the national safety system. The current article summarizes the results of the theoretical research on defining the conceptual nature of financial security, the boundaries of its system and its component structure as well as the indicative framework for its evaluation. The practical significance of this possesses the possibility the results obtained to be used in strategic management at all levels - national, regional and corporate.