Business resilience through the lens of economically hazardous events: the legal landscape of Ukraine

Economic resilience is key to business and overall economic development. Typically, enterprises resort to relocation to maintain it under various influences. However, this doesn't always yield the expected outcomes. This article aims to refine scientific and practical propositions regarding the identification of business relocation factors, enhancing Ukraine's state policy in promoting resilience amid economically hazardous events. Based on the analysis, it is concluded that relocation can be voluntary, forced, or coerced, and can also be classified according to territorial criteria into internal or external. It argues that such relocations occur due to various economically hazardous events, which can threaten the resilience of businesses and the country's economic resilience as a whole. Proposals are made to classify events based on specific criteria at the legislative level encompassing technological, natural, military, scientific, financial, and other types of events. Consequently, the necessity of enacting special legislation to ensure the economic resilience of businesses amid economically hazardous events is justified. It is argued that relocation is a component of business risk optimization. However, in itself, it does not guarantee a positive outcome for ensuring business resilience amid economically hazardous events. Thus, the justification for developing and adopting a state policy strategy on business risk optimization amid economically hazardous events is provided. Additionally, it is determined that relocated businesses must adhere to socially responsible behavior to integrate into the new ecosystem. In summary, the article offers valuable insights and recommendations for policymakers and stakeholders seeking to navigate the complexities of business relocation and enhance economic resilience in the face of economically hazardous events

economic resilience, business activity, social business responsibility, relocation, business risk optimization, state policy strategy