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Risks and Threats to Economic Security of Enterprises in the Construction Industry Under Pandemic Conditions

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Proceedings of the 3rd International Conference on Building Innovations (ICBI 2020)

Abstract

The paper actualises the problem of identification of risks and threats to economic security of enterprises in the construction industry under pandemic conditions. It proves that ensuring timely identification of potential or real threats to economic security of enterprises in the construction industry is essential to develop a set of preventing measures for preventing or minimising the causes of their manifestation. A statistical analysis indicates the impact of COVID-19 pandemic and the quarantine measures upon the development of national economics in general and construction industry in particular. The paper describes the negative tendencies in the Ukrainian construction industry market. It proves that an efficient tool for preventing and effective overcoming the negative consequences of pandemic is timely identification of risks and threats to enterprise security in the construction industry. It suggests an improvement to multi-criteria classification of risks and threats to enterprises in the construction industry, which enables detailing the preconditions of threats and their sources, and rather more systematic approach to their predicting, forecasting their negative impact, identifying the quality structure of risks as well as taking into consideration the possibility of system risks development. The authors developed a structure model that enables identifying the predominant factors and preconditions of threats to appear, which allows removing the threats in an early stage of their development, predicting the probability of threats to appear, and taking preventive measures for their timely removing.

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Onyshchenko, S., Hlushko, A., Maslii, O., Skryl, V. (2022). Risks and Threats to Economic Security of Enterprises in the Construction Industry Under Pandemic Conditions. In: Onyshchenko, V., Mammadova, G., Sivitska, S., Gasimov, A. (eds) Proceedings of the 3rd International Conference on Building Innovations. ICBI 2020. Lecture Notes in Civil Engineering, vol 181. Springer, Cham. https://doi.org/10.1007/978-3-030-85043-2_66

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  • DOI: https://doi.org/10.1007/978-3-030-85043-2_66

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-030-85042-5

  • Online ISBN: 978-3-030-85043-2

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