期刊名称：Academy of Accounting and Financial Studies Journal
印刷版ISSN：1096-3685
出版年度：2021
卷号：25
期号：5
页码：1-8
语种：English
出版社：The DreamCatchers Group, LLC
摘要：Article takes into account that vertical integration of enterprises affects change of their financial performance and economic security. On example of international vertically integrated holding Metinvest B.V. main results from acquisition of 50% of shares of metallurgical plant “Zaporizhstal” were demonstrated. Positive impact of change in pre-tax profit indicator and quantitative improvement of level of economic security of all participants in integration has been revealed. Obtained results allowed to form classification of management decisions on basis of impact on change of economic security of enterprise. In particular, in traditional solutions, such as vertical integration to increase market share and minimize costs, a change in economic security is a side effect. However, if a management decision is made purposefully to improve economic security, it can result not only in an increase in its level, but also in reducing the time required for economic security indicators to reach their limits, as well as improving the coherent security of stakeholders.
