Features of evaluating the economic security of peat industry enterprises in the Tver Region of Russia (the industry review)

Abstract

The paper is devoted to the urgent problem of sustainable and economically secure development of enterprises in the Tver Region peat-extracting sector of the economy. Despite the fact that peat deposits are widespread in many regions of Russia, the efficiency of their industrial and economic use is extremely low. The purpose of the study was to determine the features of the assessment and analysis of the economic security of an enterprise that develops peat deposits. The paper examines the relationship between the concepts of “peat rent” and “economic security”, and also provides the author’s interpretation of their content and essence. An analysis of the existing approaches to assessing the economic security of peat extracting enterprises was carried out, and the use of the rent approach was substantiated based on the data on the peat industry enterprises used in this study. The indicators for assessing the economic security of a peat production were identified. The authors proposed a methodological approach, a feature of which was comprehensive accounting of technical, economic, and natural factors that objectively affected the level of economic security of peat extracting enterprises. The proposed methodological approach also makes it possible to develop recommendations for increasing the flexibility and adaptability of peat extracting enterprises, taking into account the individual conditions of their work. The methodological research toolkit included the fundamentals of economic theory, information methods for processing statistical data, and economic and mathematical modeling. The methodology approbation was carried out through the example of enterprises of the Tver Region peat-extracting industry, which had been at a low ebb (in protracted economic crisis) for a long time. The conclusions, recommendations, and proposals of the study were used in the development of the Regional program “Natural Resources Management and Environmental Protection” for 2017–2022 (Order of the Tver Region Government No. 414-pp of December 26, 2016 as amended on February 7, 2020).