Theoretical approaches at determining the phenomenon of "shadow" economy in construction industry
The most difficult situation with the level of «shadow» activity is emerging in the construction industry, where the maximum number of enterprises of small and medium business is concentrated. This article discusses the reasons for the growth of «shadow» activity. We present an analysis of the phenomenon of «shadow» economy with the release of its key elements and give our own definition of «shadow» economy. The problem of risks at the implementation of investment construction cycle is considered, the basic types of risks, with account of which the author's definition of economic security of organization in the construction industry is given, are revealed.