DETECTION AND PREVENTION OF SHADOW ACTIVITY OF ENTERPRISES IN THE MODERN ECONOMY OF UKRAINE

Authors

DOI:

https://doi.org/10.36690/2674-5208-2020-3-50

Keywords:

shadow economy, economic security, money laundering, corruption

Abstract

Shadow economy is a rather ambiguous and multifaceted concept. The shadow sector includes a variety of illegal activities as well as legal but unofficial or not formally recorded. The presence of shadow economic activity becomes a real problem for government regulation, especially in conditions of significant shocks, as it reduces fiscal potential, distorts development indicators and complicates any analytical conclusions about the state of the economic system. The purpose of the article is to highlight the theoretical foundations of the shadow economy, analyze the shadow sector of the Ukrainian economy and identify possible ways to minimize it. The authors used in the article historical and logical research methods that allowed us to characterize the socio-economic reasons for the emergence and scope of the shadow sector of the economy of Ukraine; abstract and concrete, which is used in the process of determining the impact of economic shadowing on certain areas of economic activity.  The issue of the influence of the shadow economy on various aspects of state development is complex and requires detailed analysis. However, perhaps the most important thing is to maintain the security of the country as a whole, including its economic component. The expansion of the shadow sector of Ukraine's economy beyond the threshold determines the need to intensify theoretical and practical studies of the nature of the process of shadowing of the economy, limiting the negative effects of this phenomenon, the introduction of leverage the direct and indirect impact on the shadow economy of Ukraine, ensuring of the theoretical achievements for the formation of vectors of shadows.

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Author Biographies

Alexander Bradul, Kryvyi Rih National University

Doctor of Science (Economics), Professor, Department of Accounting, Taxation, Public Administration and Administration, Kryvyi Rih National University, Kryvyi Rih, Ukraine; e-mail: aleksandrbradul@icloud.com, ORCID: https://orcid.org/ 0000-0001-9544-2175

Vira Shepeliuk, Kryvyi Rih National University

Ph.D. (Economics), Associate Professor, Department of Accounting, Taxation, Public Administration and Administration, Kryvyi Rih National University, Kryvyi Rih, Ukraine; e-mail: verashepeliuk@gmail.com, ORCID: https://orcid.org/0000-0001-6270-5936

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Published

2020-10-01

How to Cite

Bradul, A., & Shepeliuk, V. (2020). DETECTION AND PREVENTION OF SHADOW ACTIVITY OF ENTERPRISES IN THE MODERN ECONOMY OF UKRAINE. Economics, Finance and Management Review, (3), 50–57. https://doi.org/10.36690/2674-5208-2020-3-50

Issue

Section

Chapter 2. Development of Finance, Accounting and Auditing