State governance at the regional level in the context of business administration for financing business processes in the development of Ukraine’s mineral resource base

Анотація

Introduction. Given the multitude of adverse factors affecting the political and socio-economic environment of the national economy, the issue of financial and economic security of enterprises becomes particularly acute. This underscores the relevance of further theoretical inquiry and the development of applied tools to ensure such security. For contemporary iron ore enterprises, the object of financial and economic protection is typically a stable financial and economic condition that guarantees sustainable operational efficiency both in the short and long term. Purpose. The purpose of this study is to develop conceptual foundations for ensuring the financial and economic security of iron ore enterprises through the improvement of legal and regulatory frameworks governing subsoil use, particularly concerning the delineation of state rent payments (state profits) and the profits of subsoil users derived from the exploitation of iron ore deposits. Methodology. The study applies methods of analysis, theoretical generalisation, comparison, synthesis, formalisation, modelling, risk analysis, and conceptual approaches relevant to the research topic. Results. The article presents the outcomes of theoretical research aimed at developing applied scientific and methodological tools for assessing and forecasting the financial and economic protection of enterprises in the iron ore sector of the mining industry. These are considered within the framework of business administration at the regional level with a focus on financing business processes for the development of Ukraine’s mineral resource base. It is proposed that, when modelling the distribution of profits between the state (in the form of rent payments) and subsoil users, additional corrective weighting coefficients be introduced to reflect risk-adjusted profit allocation.

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