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Journal articles on the topic 'Bankruptcy – Industrial organization'
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1
Pakhnovskaya, N. M. "Development of methodological support to assess the financial potential of a commercial organization." Economic Analysis: Theory and Practice 19, no. 12 (December 25, 2020): 2336–57. http://dx.doi.org/10.24891/ea.19.12.2336.
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Subject. The number of companies filing for bankruptcy is growing. More often, the reason relates to resource imbalance, which is manifested in the lack of capacity to build-up resources. One of the key drivers of growth and development of any modern company is the availability of capital, which determines its financial potential. Objectives. The purpose of the study is to develop a methodology for assessing the financial potential of a commercial organization (an industrial enterprise in particular), based on characteristics of its determining factors. Methods. I employ general scientific methods and techniques, like analysis, grouping, systematization, and modeling. Results. The proposed methodology for assessing the financial potential of an enterprise rests on a system of interrelated indicators. Each indicator characterizes a certain factor in the formation and destruction of financial potential. These indicators are expressed in relative units of measurement and reflect different aspects of organization's activities in terms of factors that shape its financial potential. Conclusions. The findings will help enrich the methodological tools of financial management of the organization, primarily when making decisions on investment and capital mobilization.
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GUDZENKO, Nataliya, Natalia KOVAL, and Tetiana KORPANIUK. "ACCOUNTING PROCEDURES FOR REORGANIZATION OF BANKING INSTITUTIONS." "EСONOMY. FINANСES. MANAGEMENT: Topical issues of science and practical activity", no. 1 (41) (January 2019): 122–35. http://dx.doi.org/10.37128/2411-4413-2019-1-10.
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The domestic banking sector should become one of the main driving forces of the structural reorganization of the industrial and agricultural sectors. To implement this objective, it is necessary to develop a powerful banking system based on stable banking institutions. In such conditions, the ability to manage the financial stability of banking institutions, identify signs of instability and bankruptcy in a timely manner, and, if possible, try to neutralize or eliminate them is of great significance. The necessity of implement measures aimed to stabilize the banking system in conditions of the instability of the external environment is substantiated. Peculiarities of the reorganization of banking institutions as one of the effective measures intended to avoid bankruptcy and to stabilize the financial situation are revealed, attention is paid to the need to improve the solvency of domestic banks in the conditions of economic and political instability, as well as the global financial crisis. On the basis of statistical data, the analysis of the reasons for the reorganization and termination of the activity of banking institutions is carried out, the domestic banking market and the world tendencies are compared. According to the analysis of the unsatisfactory quality of banking assets, there have been identified 8 types of inadequate practices for portfolio management of loans and investments in bankrupt foreign banks, including liberalism in providing loans, significant shortcomings in financial reporting, excessive lending, incomplete documentation in the field of taxation. According to the results of the study, the possibilities of reorganization of the banking institution and termination of activity are summarized. In particular, preconditions for reorganization, purpose, and methodological principles of reorganization of commercial banks are highlighted. By its content, the form of reorganization can be unifying, distributive and reorganization can be performed through transformation. Unifying forms include mergers and acquisitions. The procedure of reorganization is complicated by the mechanism for implementation and reflection in accounting and depends on what conditions it will be implemented (what status will be obtained by the future financial and credit institution). In practice, there arises a problem of the complexity of combining the balances on the accounts of the legal predecessor and successor. To solve the problem, it is proposed to add additional records into the accounting registers and new subaccounts and analytical accounts for the accounting of assets and liabilities. The types of bankruptcy are characterized according to the classification criteria and their classification is specified in various aspects (legal, control, accounting) taking into account the requirements of accounting, analysis and preparation of the corresponding reporting. The legal aspect covers all proposed types of bankruptcy, since any type of bankruptcy concerns the rights and interests of legal entities and individuals. However, not all types of bankruptcy are inherent in the control or accounting aspects. The article substantiates the list of accounting objects for various types of reorganization (merger, transformation), since the procedure of reorganization includes transactions for the registration of successor companies); the attention is focused on the problems of displaying in the accounting of claim settlements and the need for their analytical detailing, which expands information capabilities of the register of creditors’ claims, increases the transparency of information for external users and reduces the risk of non-payment. A promising direction is the improvement of organization of management accounting using the system approach, so that accounting support for the process of reorganization should be considered together with the formation of the appropriate methodology, effective management and modern information technology. The accounting policy should ensure the possibility of formation of the accounting information for the forecast of risks and possible bankruptcy of the commercial bank.
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Жидкова, Елена, and Elena Zhidkova. "Controlling as a Basis for Effective Management in Enterprises of the Agro-Industrial Complex." Food Processing: Techniques and Technology 48, no. 4 (February 13, 2019): 139–46. http://dx.doi.org/10.21603/2074-9414-2018-4-139-146.
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The agro-industrial complex is the leading sector of the country’s economy, which forms its agri-food market, as well as its food and economic security. Enterprises of the agro-industrial complex are currently facing certain difficulties, which are caused by the imposed sanctions and problems of import substitution. The agro-industrial complex, like any other complex multi-level system, needs effective management. It can function and develop successfully only if its management makes timely and reasonable strategic and operational decisions and coordinates the activities of all structural divisions in order to achieve common goals. The difficulties mentioned above have shaped the need to develop new approaches for more efficient management of agricultural enterprises. One of the ways to improve management in agribusiness enterprises is to build a controlling system. Controlling integrates accounting, control, planning, and analysis into a single, self-managed system. The article features the concept and essence of controlling, which is the basis for the effective management of any agricultural enterprise. One of the main reasons for the introduction of controlling in the enterprises of the agro-industrial complex is the need for a system integration of various aspects of business process management in the organizational structure of the enterprise, as controlling provides a methodological and instrumental base to support the main management functions: planning, control, regulation, accounting, and analysis. The organization, production, and development of timely high-quality controlling not only determines the efficiency of the agro-industrial complex enterprise management, but also ensures the processes of making sound management decisions that are aimed at stabilizing the financial situation, smoothing the risks of bankruptcy, as well as the preservation of assets, intellectual property, and innovation.
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Туктарова, Полина Андреевна, and Юлия Талгатовна Мансурова. "FORMATION OF THE INDUSTRIAL ENTERPRISE PERFORMANCE INDICATORS SYSTEM." Информационные и математические технологии в науке и управлении, no. 2(22) (June 25, 2021): 70–76. http://dx.doi.org/10.38028/esi.2021.22.2.007.
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На сегодняшний день применение ряда моделей диагностики состояния предприятия нецелесообразно в условиях российской экономики по следующим причинам. Во-первых, применение различных моделей приводит к противоречивым результатам. Во-вторых, прогнозная точность моделей значительно уменьшается при использовании для анализа финансового состояния данных за несколько лет до банкротства. В-третьих, зарубежные модели не учитывают специфику экономической ситуации и организацию предпринимательства в России, которые отличаются, в том числе, системами бухгалтерского учета и налогового законодательства, что находит отражение как в наборе факторов-признаков, так и в весовых коэффициентах при них. В-четвертых, в моделях используются данные за один год, и не учитываются изменения показателей в динамике за несколько лет. В-пятых, существующие модели используют в своем анализе ограниченный спектр показателей, определяющих ликвидность, платежеспособность, рентабельность и, как правило, являются расширенными или измененными западными моделями 60-80 гг. XX в. Круг факторов, определяющих риск потери степени устойчивости, заметно больше, это обусловливает необходимость совершенствования моделей его оценки за счет расширения его дополнительными параметрами. To date, the use of a number of models for diagnosing the state of an enterprise is impractical in the conditions of the Russian economy for the following reasons. First, the use of different models leads to conflicting results. Secondly, the predictive accuracy of the models is significantly reduced when using data for the analysis of the financial condition of several years before bankruptcy. Thirdly, foreign models do not take into account the specifics of the economic situation and the organization of entrepreneurship in Russia, which differ, among other things, in the systems of accounting and tax legislation, which is reflected both in the set of factor-signs and in the weight coefficients for them. Fourth, the models use data for one year, and do not take into account changes in indicators over several years. Fifth, the existing models use in their analysis a limited range of indicators that determine liquidity, solvency, profitability and, as a rule, are extended or modified Western models of the 60-80s. XX century. The range of factors that determine the risk of losing the degree of stability is much larger, this necessitates the improvement of models for its assessment by expanding it with additional parameters.
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Bondarenko, Svіtlana, and Olena Makoveieva. "Project approach in an anti-crisis management system of financial sustainability of industrial enterprise." Journal of Scientific Papers "Social development and Security" 10, no. 2 (April 30, 2020): 90–104. http://dx.doi.org/10.33445/sds.2020.10.2.10.
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The main aspects of the project approach in the system of crisis management of financial stability of an industrial enterprise are considered in the article. Definitely main factors and signs of the crisis based on the diagnosis of indicators of the financial condition of the industrial enterprise. It is established that the assessment of financial stability is one of the priority tasks in the diagnosis of crisis enterprises, the condition of which is characterized by an increased probability of bankruptcy. The forecast value of the coefficient of financial stability, which can be used to develop a financial strategy of the enterprise or corrective anti-crisis management decisions, is determined. The article proposes a method of implementing a project approach in crisis management of the enterprise. In anti-crisis management of financial stability it is expedient to apply the project approach that will give the chance to implement measures for achievement of the concrete purpose, to coordinate actions of all divisions of the enterprise; to forecast in time and in expenses the project decision of a crisis situation according to the set criteria of quality of performance of works. In addition, the project approach has all the features of the crisis management system: a team of specialists is formed to perform the tasks of crisis management; strategies for increasing the competitiveness of the enterprise are developed; optimal ways (options) of realization of system of anti-crisis measures for the purpose of increase of stability of functioning of the enterprise are made. The advantages of the project approach in crisis management of financial stability are: assessment of the current state of the enterprise; use of the company's own resources in order to reduce the cost of implementing a system of anti-crisis measures; clear delineation and definition of personal (team) responsibilities and powers; systematic approaches to determining the phenomena and factors of the crisis, as well as to the development and implementation of anti-crisis programs, due to the involvement of specialists and managers of different levels and areas of activity, in accordance with the sources of threats; increasing control over the expenditure of funds and resources aimed at anti-crisis measures, the introduction of methods for their more effective use; more effective use of the time factor in the analysis of the situation and the implementation of anti-crisis measures; qualitative increase of the level of systems and methods of internal communications. The result of this approach should be overcoming the crisis (with the subsequent transition to operational management of the organization), assessing the effectiveness of crisis measures (actions, projects) and, if necessary, the introduction of a permanent monitoring system for crisis phenomena in the organization. introduction of methods of their more effective use; more effective use of the time factor in the analysis of the situation and the implementation of anti-crisis measures; qualitative increase of the level of systems and methods of internal communications. The result of this approach should be overcoming the crisis (with the subsequent transition to operational management of the organization), assessing the effectiveness of crisis measures (actions, projects) and, if necessary, the introduction of a permanent monitoring system for crisis phenomena in the organization. introduction of methods of their more effective use; more effective use of the time factor in the analysis of the situation and the implementation of anti-crisis measures; qualitative increase of the level of systems and methods of internal communications. The result of this approach should be overcoming the crisis (with the subsequent transition to operational management of the organization), assessing the effectiveness of crisis measures (actions, projects) and, if necessary, the introduction of a permanent monitoring system for crisis phenomena in the organization.
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Gavrilin, E. V., and S. V. Khetagurov. "Prevention of Bankruptcy of Industrial Enterprises and Organizations with State Participation." Management Science 9, no. 4 (January 30, 2020): 44–52. http://dx.doi.org/10.26794/2404-022x-2019-9-4-44-52.
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The identification of cases of deliberate or fictitious bankruptcy of industrial sector organizations in the management of state enterprises and organizations is of great importance in ensuring economic security. The paper is devoted to the methodology of timely prevention of bankruptcy of state industrial enterprises and organizations and law enforcement practice in the field of bankruptcy. In the framework of risk management, the article analyzes the existing mechanisms for monitoring and identifying possible deterioration of financial and economic activity and the probability of bankruptcy of state industrial enterprises and organizations. The purpose of the work is to determine directions of the system development of combating unfair management decisions during the bankruptcy procedure, as well as the establishment of tools to prevent the bankruptcy of state industrial enterprises and organizations. There had been used the formal legal method in the paper, methods of complex and interdisciplinary analysis, as well as General scientific methods, including the dialectical method and the method of system analysis. As a result of the study, the main problems of law enforcement and managerial practice in detecting offenses during bankruptcy procedures are considered and the necessary areas of management and regulatory regulation are identified, an approach to identifying the threat of bankruptcy and implementing anti-crisis measures when managing state industrial enterprises and organizations is determined. The study may be of interest to public authorities in determining the methodological and regulatory framework, as well as strategies to improve the efficiency of management of state enterprises and organizations, and ensure economic security.
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HARAKOZ, Lilya, and Olha FELONIUK. "SOME ASPECTS OF FINANCIAL ANALYSIS ACCORDING TO REPORTING INDICATORS." Herald of Khmelnytskyi National University 302, no. 1 (January 2022): 49–57. http://dx.doi.org/10.31891/2307-5740-2022-302-1-8.
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An important characteristic of the functioning of any economy is its stability, which expresses the ability of the economic system of the country to resist, adapt and recover from the effects of negative external influences. Timely response of the system to the changes taking place can help reduce the severity of the crisis situation and increase its resilience. The aim of the work is to study the definition of theoretical aspects of the stability of the economic system and the disclosure of factors that affect it. The article reveals the concept of system as a general scientific concept, which is defined as a set of interconnected and properly arranged elements of a particular holistic formation. The concept of economic system is defined as a set of interconnected and appropriately ordered elements of the economy that form a certain integrity, the economic structure of society, which has a common goal. The views of various scholars on the interpretation of the concept of sustainability are analyzed, and a generalized definition is established as the ability of the system to independently maintain balance between the components of the internal environment under the influence of external influences. The groups of systemic stability, which are inherent in socio-economic regional systems, have been studied. Factors that may affect the economic stability of systems are considered. It was found that the task of maintaining the stability of the system is to use the complex interdependence of various factors and processes, to launch mechanisms of self-organization and bring the system on the trajectory of sustainable operation and development. Assessing the impact of factors on the stability of the economic system can be done using the analysis of indicators that relate to both external and internal environment. Alan Limited Liability Company was selected to carry out the analysis of industrial economic stability. Based on the data of the financial statements, the calculation of stability at the enterprise level was carried out and the level of probability of bankruptcy of the considered company was investigated. The authors’ opinion on the transformation of Ukraine’s economic model from export-oriented to foreign-sustainable is studied, for which one of the steps should be the development and implementation of the State Strategy for Internal Market Development.
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Chernichenko, Svetlana, and Roman Kotov. "Methodological Tools for Diagnosing Insolvency (Bankruptcy) of Organizations in the Anti-Crisis Management System." Food Processing: Techniques and Technology 50, no. 4 (December 30, 2020): 588–601. http://dx.doi.org/10.21603/2074-9414-2020-4-588-601.
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Introduction. Bankruptcy is the most important element of legal regulation of modern market relations. National economy has to be able to predict a potential default in the general system of anti-crisis management. Therefore, it needs advanced techniques and tools of anti-crisis diagnostics for the timely management solutions.
Study objects and methods. The analytical information presented in this work is multi-tiered and reflects the all-Russian, industrywide, regional, regional-industry, and corporate levels. The research featured agricultural enterprises of the Kemerovo region. The information underwent three types of formatting: legislative, statistical, and diagnostic.
Results and discussion. During the first stage, the authors assessed external factors and trends in individual components of anti-crisis diagnostics in a given economy sector against the background of all-Russian and industry-wide trends. Enterprises appeared sensitive to bankruptcy risk; the trend decreased in 2014–2018. The second stage involved developing of a selective-indicative model for diagnosing insolvency of Russian organizations. The model took into account regional and industrial traits and focuses on large and medium-sized agricultural enterprises in the region. The model selected general indicators from a set of studied parameters, formed from fifty financial ratios presented in twenty-two of the most well-known methods of anti-crisis analysis. Bankruptcy was diagnosed on the basis of preference matrix, according to the criterion of the active use of coefficients in analytical practice. A comparative analysis of bankruptcy criteria and indicators made it possible to define the degree of adequacy of the set of indicators. Four analytical vectors were defined after thematic grouping of the identified indicators: balance sheet liquidity (current liquidity ratio), property and capital structure (financial dependence and asset mobility ratios), security (working capital ratio with own circulating assets), efficiency (economic profitability, or loss ratio, and the ratio of business activity in the market). The equation of rating assessment of the insolvency probability demonstrated the total impact of these indicators, taking into account their individual “equity participation” in the aggregate of key parameters.
Conclusion. The final set of general exponents of the diagnostic model can be qualified as a neuro-analogue of “classical” models that ignores the values of the regression coefficients, which are usually not adapted to Russian realities. The model built on the basis of bankruptcy indicators, taking into account their individual “equity participation” in the rating number, can be used as a flexible methodological tool for diagnosing bankruptcy in the national economy of Russia.
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Natavan Alakbarova, Esmira Mammadova, Natavan Alakbarova, Esmira Mammadova. "IMPROVING THE MANAGEMENT SYSTEM OF HOLDING COMPANIES AND FINANCIAL-INDUSTRIAL GROUPS IN AZERBAIJAN." PIRETC-Proceeding of The International Research Education & Training Centre 20, no. 03 (September 17, 2022): 04–09. http://dx.doi.org/10.36962/piretc20032022-04.
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Holdings first appeared in world practice at the end of the 19th century and the beginning of the 20th century as a result of the prohibition of the trust system in the United States with "antitrust laws". In Azerbaijan, it can be said that the holding system began to gain importance after gaining independence in the 1990s. Recently, the constantly occurring processes of creation of new companies in Azerbaijan, organizational and legal restructuring of existing companies (mergers, joints, separation of independent companies), their destruction, and bankruptcy are accompanied by directing capital to such a sphere of the economy where its more profitable use is expected. One of the effective forms of capital centralization is the creation and functioning of complex economic systems that represent a group of interconnected organizations with a certain internal structure. That is why in the economic environment of Azerbaijan, the spread of consolidation of enterprises in the form of consolidated (holding) groups in large, medium, and small businesses has expanded. There are many reasons for this: the multi-profile business of the majority of medium and small enterprises, territorial and field divisions of enterprises, and trying to appear as a consolidated taxpayer. On the one hand, operational activity related to the market (marketing policy, market strategy) and financial independence is the need of the period. On the other hand, a single center of general management is still required [1,79].
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SIGNORINI, GUILHERME, R. BRENT ROSS, and H. CHRISTOPHER PETERSON. "Historical analysis of institutions and organizations: the case of the Brazilian electricity sector." Journal of Institutional Economics 11, no. 1 (July 30, 2014): 191–212. http://dx.doi.org/10.1017/s1744137414000344.
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AbstractScholars argue that the New Institutional Economics (NIE) has not yet provided causal explanations on how long institutions persist or why and how they suffer dramatic changes. Others state that evidence is still inconclusive to define a theoretical justification on how changes and development occur. This article focuses on the institutions of the electricity sector in Brazil, aiming to heighten the body of empirical research in NIE and produce satisfactory explanations that motivate theory refinement. Based on a qualitative approach, we find that the drivers of the first institutional change in Brazil's electricity sector were related to market protection and domestic industrial support. For the second institutional change, economic recession (country at state of bankruptcy, debt crisis, and high inflation rates) and reliability of utility services were the driving factors. We hope this study systematizes historical facts and helps create grounds for our understanding of institutional evolution and economic growth.
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Trachenko, Мarina B. "THE IMPACT OF STATE SUPPORT ON FINANCIAL POSITION ENTERPRISES OF THE AGRO-INDUSTRIAL COMPLEX OF THE REGION." RSUH/RGGU Bulletin. Series Economics. Management. Law, no. 3 (2022): 88–100. http://dx.doi.org/10.28995/2073-6304-2022-3-88-100.
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The article deals with the issues of financing the agro-industrial complex in a region. An analysis of the world experience of the state support for agricultural organizations, in particular, in the United States and China, showed Russia’s significant lag behind leading foreign countries. The enterpri-ses of the agro-industrial complex of Russia are characterized by high debt load with a low level of profitability, a long financial cycle and negative financial le- verage. The revealed combination of the listed factors indicates a high proba- bility of financial instability and a high risk of financial insolvency in the future. In a study of agricultural organizations in the Moscow region that received funding from the federal and regional budgets, it was revealed that when subsi- dizing, only production indicators are taken into account and the impact of the state support on the financial position of agricultural producers in the future is not assessed. Based on the data of agricultural enterprises in the Moscow Re- gion, it is shown that the increase in the volume of subsidies from the regional budget in 2021–2023 by about 10% will prevent bankruptcy and improve the financial position of the analyzed agro-industrial enterprises. Additional bud- get allocations from the regional budget are proposed to be financed through internal redistribution of financial resources, for example, from the subsection “Other issues in the field of the national economy”. Further research will be aimed at developing a model for financing the agro-industrial complex of a Rus- sian region, taking into account the impact of budgetary financing of agricul- tural organizations on their financial position.
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Bychkov, N. A., V. V. Metlitsky, and N. V. Artyushevsky. "Method for assessment of financial status of agricultural companies and diagnostics of critical situations." Proceedings of the National Academy of Sciences of Belarus. Agrarian Series 57, no. 1 (February 15, 2019): 38–50. http://dx.doi.org/10.29235/1817-7204-2019-57-1-38-50.
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In modern economic conditions, efficiency and quality of assessment of prospects for development of business entity are the key to the best timely management decision making, contributing to increase in efficiency of economic entity. Efficient methods for assessing the financial status of agricultural companies and diagnosing critical situations allows to determine the threat of bankruptcy at the earliest stages and to use all the possibilities to neutralize it. Improving the methodology for conducting financial analysis of companies’ solvency in order to identify symptoms of crisis situations in organizations of agro-industrial complex more accurately and timely through the development of new diagnostic methods adapted to the existing conditions of economic activity is an urgent task of scientific research of local and foreign researchers. Probability of eliminating the consequences of negative impact on the economy of companies of agro-industrial complex depends on timely and accurate diagnostics of critical situations. The paper dwells on the areas of improvement of methodological approaches for assessment of financial status of agricultural companies. Taking into account the generalization of local and foreign experience, new models and directions for improving the methods for assessment of the financial status of agricultural companies and diagnosing economic insolvency (bankruptcy) existing in the country are proposed, including features for assessing the financial status of peasant farms. The problems discussed in the paper are of interest within the framework of the developed model of fundamental diagnostics based on the method of expert assessments of the major risks probability, which impact can adversely affect the financial status of an agricultural company and lead to economic crisis, as well as method for assessing the economic efficiency and financial status of peasant (farm) business, taking into account specifics of accounting and specifics of agricultural production.
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Demidova, Svetlana E., and Tatyana A. Bloshenko. "Analysis of support measures for strategic organizations during the pandemic." Tyumen State University Herald. Social, Economic, and Law Research 8, no. 4 (2022): 160–81. http://dx.doi.org/10.21684/2411-7897-2022-8-4-160-181.
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The article is devoted to an overview of measures to support backbone organizations during a pandemic. In this context, the issue has not been addressed in other studies. The peculiarities of the group of backbone organizations were a significant increase in their number, in the structure the largest share falls on the industrial sector, in the regional context — on the capital region. However, the status of backbone organizations is not sufficiently substantiated. The criteria for referring to this group are controversial and, at the same time, can be ignored by the decision of the government commission. The measures of state support related to subsidizing bank loans provided to systemically important organizations, tax deferrals and other payments are being studied. The problems and risks for counterparties are indicated, due to the conditionality of the interest rate on loans. The main limitations for the use of support tools are given. We can conclude that the backbone status does not affect the composition of the support measures that a legal entity has the right to use. The advantage is that financial support is given priority. However, there is a possibility of disruption of the competitive environment as a result of this preference, as well as if the counterparty company is not subject to the moratorium on bankruptcy. It is proposed to change the approach to grouping organizations for the purposes of state support, with the allocation of sectoral priority. The article critically assesses the relevance of the proposed measures. It is proposed to diversify them through the use of refinancing and restructuring of already received concessional loans.
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Iotti, Mattia, and Giuseppe Bonazzi. "Analysis of the Risk of Bankruptcy of Tomato Processing Companies Operating in the Inter-Regional Interprofessional Organization “OI Pomodoro da Industria Nord Italia”." Sustainability 10, no. 4 (March 24, 2018): 947. http://dx.doi.org/10.3390/su10040947.
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Hildebrandt, David A., and Edward Ferrigno. "Company stock in U.S. financial participation plans — sound policy or a lottery ticket?" Transfer: European Review of Labour and Research 8, no. 1 (February 2002): 87–102. http://dx.doi.org/10.1177/102425890200800112.
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This article discusses the use of employer stock as the primary investment for employees’ retirement savings in U.S. tax-qualified financial participation plans. The principle U.S. government policy in support of tax-qualified financial participation plans is the promotion of an employee's accumulation of assets for retirement. For more than a century, the use of employer stock to fund financial participation plans in the U.S. has been a successful partnership for employees and employers. The recent bankruptcy of ENRON, one of the largest U.S. energy companies, has brought the debate on this issue into a new phase. The paper asks the question: Did the U.S. system fail or did ENRON plan administrators fail to follow the rules of the system?
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Kling, Blair B. "Paternalism in Indian Labor: The Tata Iron and Steel Company of Jamshedpur." International Labor and Working-Class History 53 (1998): 69–87. http://dx.doi.org/10.1017/s0147547900013673.
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The most celebrated case of paternalism in India is that of the Tata Iron and Steel Company (Tisco) and its company town, Jamshedpur. In the context of India, Jamshedpur is a marvel: a relatively clean, spacious, and prosperous city where more people live in middle-class neighborhoods than in slums. With a population of 650,000, Jamshedpur is certainly the largest company town in the world, and, because it is still controlled and administered by the private company that founded it in 1909, it is probably the oldest extant company town. Aside from the town, the steel company itself holds a special place in Indian industrial history. It was founded and capitalized in the colonial period by the Indian business community of Bombay in 1907, began production in 1911, and thereafter took its place as the largest private company in India and the largest integrated steel mill in the British Empire. It has survived revolutionary political changes, near-bankruptcy, and nationalization attempts, largely because its directors convinced the British that it was an essential defense industry and the Indian nationalists that it was a national treasure run by men of integrity for the benefit of the nation.
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Shen, Jie. "Labour Disputes and their Settlement in China: A Systematic Review of the Post–Reform Research." International Journal of Comparative Labour Law and Industrial Relations 24, Issue 2 (June 1, 2008): 263–88. http://dx.doi.org/10.54648/ijcl2008014.
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This study systematically reviews the literature on labour disputes and their management in China. It reveals that there have been widespread labour disputes, especially collective disputes, resulting from the violation of workers’ rights in every aspect of employment relations. While labour disputes in state–owned enterprises (SOEs) are mainly caused by workforce reduction and non–payment of wages and insurance contributions due to insolvency and bankruptcy, those in foreign–invested enterprises (FIEs), particularly the East Asian–owned FIEs, and privately–owned enterprises (POEs), are caused by nonpayment of wages and insurance and increasing industrial accidents resulting from profit–oriented management strategies. China has developed a third labour dispute management system with distinctively Chinese characteristics, and it is different from the old systems whereby labour disputes were resolved via the state administration or by Western practices such as collective bargaining. The third way is characterized by reliance on labour arbitration and judicial channels and management–state bipartism for resolving disputes. Contributions to theory and implications for practitioners and research are discussed.
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Paiva, Maria Jeanne Gonzaga de, and Ronichélida Xavier Ramalho. "CONSTITUIÇÃO E EXTINÇÃO DE MICROEMPRESAS EM JUAZEIRO DO NORTE-CE." Cadernos de Pesquisa 20, no. 3 (December 21, 2013): 26. http://dx.doi.org/10.18764/2178-2229.v20n3p26-33.
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As microempresas-ME’s, do ponto de vista do desenvolvimento social e econômico, atuam como suporte para a geração de emprego e renda, reduzindo as desigualdades entre indivíduos e regiões, contribuindocom o fortalecimento da economia. Uma de suas características é a de apresentar altas taxas de constituição e natalidade. Apesar da causa da extinção das ME’s estar associada à falta de planejamento ou de compromisso com a organização, estes não constituem fatores exclusivos, visto que a ausência de políticas de apoio ou uma conjuntura econômica desfavorável também podem contribuir com a mortalidade.Nesse contexto, tem-se como objetivo conhecer a dinâmica de constituição e extinção das ME’s dos setores de comércio, indústria e serviços em Juazeiro do Norte - CE no período de 1997 a 2007. Para isso, foram utilizadas pesquisas bibliográfica e descritiva com dados de natureza secundária obtidos na JUCEC, em Fortaleza, calculando-se os índices de constituição e extinção das referidas empresas no período considerado,constatando-se no setor de serviços os maiores índices de constituição, assim como de extinção. De forma geral, pôde-se verificar também que, conforme ocorrido no país, as ME’s em Juazeiro do Norte obtiveram melhores taxas de sobrevivência, apesar de, em certos anos, os índices de extinção terem-se mantido elevados.Palavras-chave: Microempresas. Constituição. Extinção. Juazeiro do Norte. CONSTITUTION AND EXTINCTION OF MICRO-ENTERPRISESIN JUAZEIRO DO NORTE-CEAbstract: From the point of view of social and financial development, micro-companies act as income and employment generation agents, thus reducing inequalities among individuals and regions and contributingto strengthen the economy. One of their main characteristics is their high birth and bankruptcy rates. Although the reason for micro-companies closing down is usually associated to lack of adequate planning or organizational responsibility, these are not exclusive factors, as the absence of support policies or unfavorableeconomic conditions can also contribute to corporate bankruptcy. In this context, our goal is to learn about birth and mortality dynamics for micro-companies of the trades, industrial and services sector in Juazeiro do Norte –CE, for the 1997-2007 period. For this matter, bibliographic and descriptive research was used together with additional data obtained at the Board of Trade of Ceará State in Fortaleza to calculatebirth and bankruptcy rates for the referred companies in the aforementioned period. The highest rates for both starting and ceasing business were observed in the services sector. Generally speaking, we can also verify that as it has happened all over the country, during this period, micro-companies of Juazeiro do Norte obtained better survival rates, although in some years bankruptcy rates have been considerably high.Keywords: Micro-companies. Birth. Bankruptcy. Juazeiro do Norte. CONSTITUCIÓN Y EXTINCIÓN DE MICROEMPRESASEN JUAZEIRO DO NORTE-CEResumen: Desde el punto de vista del desarrollo social y económico, las microempresas (ME’s) actúan como soporte para la generación de empleo e ingresos, reduciendo las desigualdades entre individuos y regiones y contribuyendo al fortalecimiento de la economía. Una de sus características es la de presentar altas tasas de natalidad y mortalidad. A pesar de que la causa da extinción de las ME’s está asociada a la falta de planificación o de compromiso con la organización, estos no son factores exclusivos, ya que la ausencia de políticas de apoyo o una coyuntura económica desfavorable también pueden contribuir con la mortalidad de empresas. En este contexto, el objetivo es conocer la dinámica de constitución y extinción de las ME’s de los sectores de comercio, industria y servicios en Juazeiro do Norte – CE entre 1997 y 2007. Para ello fueron utilizadas investigaciones bibliográficas y descriptivas con datos de naturaleza secundaria obtenidos en la JUCEC de Fortaleza, calculando los niveles de constitución y extinción de las referidas empresasdurante el período considerado. El sector de servicios presentó las tasas más altas, tanto de constitucióncomo de extinción. En términos generales, se puede verificar también que al igual que en el resto del país, las ME’s de Juazeiro do Norte obtuvieron buenas tasas de supervivencia, a pesar de que en algunos años las tasas de extinción se mantuvieron elevadas.Palabras clave: Microempresas. Constitución. Extinción. Juazeiro do Norte
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Zhou, Weijun. "Study on the Financial Problems of the "Star Line up" of the FC Barcelona." BCP Business & Management 34 (December 14, 2022): 255–61. http://dx.doi.org/10.54691/bcpbm.v34i.3022.
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With the gradual improvement of various industrial systems, football keeps pace with the times as the world’s most popular sport. However, European giants Barcelona has been on a downward financial spiral since 2017. Signings with hefty transfer fees, salaries exceeding advance payments, and the COVID-19 pandemic in 2019 nearly bankrupted the club several times. In this paper, I will discuss exactly where FC Barcelona's financial crisis came from and how it can be resolved. By comparing the salary distribution, total annual assets, total annual income, and the annual total debt of FC Barcelona from 2017/2018 to 2020-2021 epidemic, I finally came to the answer that the club officials need to make the maximum effort to raise money and reduce expenditure from the aspects of technology, personnel, products and services and start organizational reform.
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Horai, O. S., and S. V. Svirko. "Military actions as determinants of influence on accounting and analytical support for the management of industrial enterprises in Ukraine." Problems of Theory and Methodology of Accounting, Control and Analysis, no. 2(52) (October 3, 2022): 10–17. http://dx.doi.org/10.26642/pbo-2022-2(52)-10-17.
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In this study, a set of the consequences of conducting military combat operations in the active phase on the territory of Ukraine on the economic sphere of the latter's life is determined. Based on the identification of user requests regarding the consequences of emergency situations through the justification of their impact on analytical indicators, the current state of accounting was evaluated as an information basis for analysis and, collectively, as a system for generating information for making managerial decisions by users of various fields. As a result, it is established that the current organizational and methodological provisions of accounting do not meet such requests and their inability to generate information for managing economic activities in the context of military operations. Promising areas of development of accounting in the context of conducting military operations are identified, such as: recognition of the consequences of military operations in accounting, development of a system for documenting such consequences, assessment of such consequences, a mechanism for restoring accounting, legal, personnel and technological documentation lost as a result of military operations, accounting of assets and liabilities in terms of reflecting the consequences of military operations. Regarding the analytical component of enterprise management in the conditions of military operations, promising areas are: analysis of the cost of the enterprise (reduction), analysis of the material and non-material damage caused, analysis of the competitive stability of enterprises (reduction), analysis of the economic security of the enterprise and analysis of the probability of its bankruptcy.
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AVANESOVA, N. E., G. І. VALKOVSKA, and R. M. BEKETSKY. "MANAGEMENT OF A MODERN INDUSTRIAL ENTERPRISE: INITIATION OF BUSINESS PROCESSES REENGINEERING." Economic innovations 20, no. 4(69) (December 20, 2018): 23–31. http://dx.doi.org/10.31520/ei.2018.20.4(69).23-31.
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Topicality. Today, in order to overcome financial problems, business entities are forced to mobilize the entire economic potential. But it is precisely in the manufacturing sector that business processes are often unable to resolve the crisis effectively, so the management department should find an alternative way to overcome it. Before modern domestic enterprises, the increasing problem of increasing the efficiency of management is becoming more and more actual. One of the key issues is the dominance of functional management in organizations, which causes a lot of complexity. The process of reengineering business processes at the enterprise comes at the aid, which today needs additional study and coverage. Applying the principles of reengineering, an enterprise can prevent bankruptcy or decline in production and continue development in the chosen direction, or take on the basis of analysis of the results of the decision on the change of products, technological or market orientation.Purpose and tasks. Consider the methods of building a business on the principles of reengineering business processes at the enterprise. Analyze the major mistakes during reengineering, and specify the main advantages. Research results In the article during the study of the topic found methods of building a business on the principles of reengineering business processes in the enterprise, the main advantages of reengineering. It also found that due to the reengineering of business processes at the enterprise it is possible to accelerate the growth of investment attractiveness, the introduction of new information technologies, that is, the enterprise is moving to a new stage in its development, and accordingly, there is growth, because without it it is difficult to imagine a modern enterprise, which seeks to match the international quality standards to maximize the needs of the population, support the national economy and domestic production.Conclusions Thanks to the reengineering of business processes at the enterprise it is possible to accelerate the growth of investment attractiveness, the introduction of new information technologies, that is, the company is moving to a new stage in its development. Business process reengineering can provide a radical transformation of the management and production system of enterprises and allows to significantly improve the competitiveness and efficiency of their activities, help them to win new markets, move to a qualitatively new level in a competitive market environment.
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Pedraza-Acosta, Isabel, and Jan Mouritsen. "Dynamisms of financialization: Circuits of power in globalized production networks." Human Relations 71, no. 6 (April 17, 2018): 845–66. http://dx.doi.org/10.1177/0018726717751612.
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This article analyses the dominant ideological mode of rationality of financialization, its operationalization via accounting devices and deployments in political intra- and inter-organizational processes, and its dynamisms in global production networks. It asks how are political processes informed and conditioned by calculative devices that mediate financialization processes? Drawing on a study of a French multinational corporation whose accounting devices – one concerning performance that requires suppliers to be ‘poor’ and another concerning risk that requires suppliers to be ‘rich’ – the article focuses on the dynamic of circuits of power. Accounting devices provide one-sided incentives by categorizing suppliers as costs, silencing the industrial rationality of the network where suppliers are the capabilities and skills needed by the multinational corporation. Such tensions put the network at risk, as when the suppliers went bankrupt, the multinational corporation was devoid of its industrial competencies. Financialization is ambiguous. Its devices are not inherently facilitative of systemic powers but reflect an ideological mode of rationality and political processes that produce overflows. The associated circuits of power show that systemic power is never eternal but dynamic. Circuits of power develop ambiguous political processes that push disruptive dynamisms of financialization processes in global production networks. Financialization produces costly tensions.
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SARIBAŞ, Serap. "WOMEN'S LABOR FORCE, WOMEN'S EMPLOYEMENT, ENTREPRENEURSHIP AND WOMEN ENTREPRENEUR SUPPORT." SOCIAL SCIENCE DEVELOPMENT JOURNAL 7, no. 29 (January 15, 2022): 163–70. http://dx.doi.org/10.31567/ssd.533.
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Women's involvement in business life and better understanding of the concept women's labor force can be attributed to the Industrial Revolution that emerged in the UK in the 18th century. With the industrial revolution, the world has started to change, whereby it is suggested that demand for labor force has emerged, and women and men play an important role in meeting those demands. An entrepreneur can be defined as the person who gathers production factors to realize the production of economic good and services to meet the needs. Realizing every entrepreneurial activity within a certain plan and schedule is an integral part of laying the foundation of a healthy enterprise. Otherwise, it is possible for many enterprises to encounter undesired situations such as bankruptcy or closure and losing all existing savings because of financial and technical problems within the business cycle. It has been suggested that the continuous low rate of women's employment cannot be associated with a single reason. However, largely, the obstacles in women's employment can be listed as follows: traditional family structure, social value judgments, gender-oriented division of labor, weakness of the demand structure for women's work, low volume of employment in the society, rural-to-urban movement of migration, disintegration in agricultural production structure, low level of women's education and especially in professional areas, fertility of women, motherhood, deinstitutionalization of housework and childcare, and lack of mechanisms that facilitate introduction of women into the labor market. In Turkey, numerous institutions and organizations support women's entrepreneurship. Apart from moral support, institutions also provide financial support for women. Some examples of these institutions are KAGİDER, TOBB, KOSGEB, Chamber of Industry, Chamber of Commerce, local administrations, and Entrepreneurship Foundation etc.
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Gorgo, А. "Management of risks of agricultural enterprises of the forest-steppe area of Ukraine." Ekonomìka ta upravlìnnâ APK, no. 2 (143) (December 27, 2018): 106–14. http://dx.doi.org/10.33245/2310-9262-2018-143-2-106-114.
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The article is devoted to increase of efficiency of business entities of the agro-industrial complex by minimizing the risks of their activities and the peculiarities of their management taking into account the specifics of the agrarian sphere. The analysis of recent researches of the risk management process of agrarian enterprises was carried out, in which the role of risk management was identified, its systematization was carried out and key factors influencing them were determined. The necessity of timely identification of the factors influencing the emergence of risks in the agrarian sector is determined, taking into account the probability of occurrence of situations leading to loss of profit or even resources, to financial dependence of the enterprise and bankruptcy. The processes of risk management of large and medium agrarian enterprises of various organizational and legal forms of ownership with agricultural lands from 3 thousand hectares are investigated. The results of a sociological survey of managers of agrarian enterprises of the Forest-steppe zone of Ukraine were presented. The results of which processing revealed that the most influential risk for agrarian enterprises is the natural and climatic conditions, production, financial risks and the lack of highly qualified specialists. The responsibility for risk management, identification of sources, bias, minimization and elimination of the consequences of risks depending on their type is determined. The influence of each risk group on the activity of agrarian enterprises is substantiated. The effect of the system of risk management of agrarian enterprises is determined, which depends on: comprehensive support of management, distribution of responsibility, raising awareness of the importance of risk management issues among all employees. The responsibilities of different ranks of the employees of agrarian enterprises regarding risk awareness have been specified. It is specified that the agrarian enterprise risk management system envisages a strategy (the direction and method of coordinating the funds to achieve the goal, which would correspond to a certain set of rules and limitations for decision-making) and tactics (concrete methods and techniques for achieving the goal in specific conditions). The research determines which risk management strategies are applied by the agro-enterprises of the forest-steppe zone of Ukraine (prevention / avoidance of risk, risk diversion, risk reduction, risk preservation / risk transfer / risk insurance, liability sharing, risk ignoring). The main tools of risk management of agrarian enterprises that are recommended for use in the framework of implementation of these strategies are offered. Prevention or avoidance of risks is the most effective way of preventing them, however, for a company that makes such a decision, it often means taking certain measures and actions aimed at preventing risk situations. Saving / accepting means leaving all or part of the risk at the company's responsibility (risk fund, self-insurance fund). The strategy of reducing the risk involves reducing the size of possible damage or lack of profit, reducing the likelihood of adverse events. The risk redistribution strategy involves risk insurance, which serves not only to provide reliable protection against unsuccessful decisions, but also increases the responsibility of decision makers. The proposed mechanism for implementation of the strategy of risk management, which provides for the establishment of an effective system for assessment and control of decisions, the allocation of a special unit (employee) in the structure of the enterprise, which will be entrusted with the organization of risk management, allocation of funds and the formation of special reserves for implementation of risk management mechanisms, coverage of losses and losses The influence of enterprise risk management strategy on the choice of management procedures for them is evaluated. It has been found that in the management of risks, the following postulates should be respected: one should not risk more than can afford own capital; It is worth to predict the effects of the risk; you can not risk much for small; a positive decision on the chosen risk management strategy is taken only in the absence of doubt; in case of doubt, it is better to make a negative decision; It should not be assumed that there is always only one solution; it is always worthwhile comparing alternatives. Effective functioning of the risk management system in an agrarian enterprise requires compliance with a number of principles that should be laid at the design stage. Minimizing the impact of risks requires effort in minimizing the range of possible risks and the degree of their impact on the activities of the enterprise. A comparative description of the existing and necessary paradigm of risk management of domestic agrarian enterprises is carried out. According to the results of the research of domestic agrarian business, it has been established that he has an orientation towards the old risk management system (not systematic), while leading European and American enterprises are continuous risk management. Risk management at agrarian enterprises should be coordinated by senior management. Keywords: agrarian production, agrarian enterprises, assessment, risks, risk management, strategies.
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Margaretha, Giovanni Inez Erika, Geraldy Samuel Ivan, Roosganda Elizabeth, Rinsan Hutabarat, Annisaa Soeyono, Ratu Erlina G,, Didik Notosudjono, et al. "PERAN INOVASI DAN STRATEGIK MANAJEMEN MENDUKUNG KESIAPAN SDM MEMASUKI DUNIA KERJA DAN USAHA DI ERA GLOBALISASI – REVOLUSI TEKNOLOGI 4.0." Mimbar Agribisnis : Jurnal Pemikiran Masyarakat Ilmiah Berwawasan Agribisnis 9, no. 1 (January 31, 2023): 1142. http://dx.doi.org/10.25157/ma.v9i1.9287.
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The era of globalization is called the era of technological revolution 4.0, where technology is developing rapidly, all-digital technology is an absolute requirement for human resources to enter the world of work and business. There are still limited levels of education, skills, competence. The weaker motivation of human resources is the impact of rampant downsizing of the workforce, the bankruptcy of large and small companies. This paper aims to comprehensively present the role and influence of innovation and strategic management on the readiness of human resources to enter the world of work and business in the era of globalization – technological revolution 4.0, interpreted using a descriptive qualitative method of reviewing various literature and study results to enrich writing insights. The results of the writing show that the COVID-19 pandemic has had a very large and significant impact on all aspects of human life and almost all government institutions/organizations/companies in the world, in the economic, social, political, etc. fields, will become history that will never be forgotten for all people. who live in the era of the industrial revolution 4.0. The occurrence of various technological changes is required to increase innovation and creativity in managing strategies to deal with it. Technological change does not automatically bring goodness. Digital literacy is different from a digital mindset. In innovation and strategic execution/implementation, monitoring and evaluation of the most important stages and government alignment (regulation, conducive alignment).
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Opawole, Akintayo. "Penalty mechanisms for enforcing concessionaire performance in public–private partnership contracts in Nigeria." Journal of Engineering, Design and Technology 16, no. 1 (February 5, 2018): 161–91. http://dx.doi.org/10.1108/jedt-04-2017-0030.
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Purpose The purpose of this study is to develop penalty measures against concessionaires’ defaults as a mechanism for protecting the interests of parties (public and private) in public–private partnership (PPP) contracts for enhancing project delivery. Design/methodology/approach The research methodology is a mixed qualitative and quantitative approach. This study commenced with an in-depth literature review, which provided the basis for identification of penalty measures in construction contract management. The qualitative assessment was based on semi-structured face-to-face interviews, which were aimed at identifying the underlying pattern of the penalty measures, and the quantitative assessment was based on a structured questionnaire. In both cases, respondents were stakeholders’ organizations that had been involved in PPP contracts in the southwestern region of Nigeria. These include industrial practitioners from government-based organizations (ministries, agencies, corporations/parastatals, etc.), private developers/concessionaires, law firms, banks, etc. The sample size was selected using a respondent-driven sampling approach, as the comprehensive lists of the participants in PPP contracts are not readily available in the Nigerian construction industry. Responses from the interview were analysed using interpretative phenomenal analysis via ATLAS.ti7. The quantitative data were analysed using percentile for flexibility between “most” and “more” preferred mechanisms. Findings This study developed mechanisms that defined the rights of the public party to redress underperformance of PPP contracts consequent to the defaults of the private party. “Step-in-right” and “termination of the contracts” were preferred against specific cases of “delayed execution”, “abandonment of the project”, “bankruptcy of the concessionaire” and “non-compliance with design and specifications”. With respect to “shortfall in performance against established dates”, the results converged on “monetary fine” and diverged on “step-in-right” and “termination of the contracts”. Practical implications The study contributes to literature on mechanisms for enforcing PPP project performance. Besides, defining rights and obligations of the parties in specific events of underperformance of the concessionaires in PPP contracts is a significant step towards the development of standard conditions of contract for managing PPP projects in which the model is being newly adopted. Originality/value Project management studies on PPP were extended by defining the liabilities that are consequent to the defaults of the private party and the mechanisms for their enforcement.
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Gertze, Kyle M., and Osden Jokonya. "Factors Affecting the Adoption of Smart Technologies for Traceability of Raw Materials in the Retail Industry." 2018 International Conference on Multidisciplinary Research 2020 (December 31, 2020): 201–13. http://dx.doi.org/10.26803/myres.2020.14.
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The effect of contaminated raw materials within food products has great effects on both the organizations who produce them and the customers who consume them. Some businesses have nearly gone bankrupt due to contamination issues, and there have been fatal cases of consumers who digest these contaminated products. The study objective is to explore the factors affecting the adoption of smart technologies for traceability of raw materials in the retail industry. The study used a systematic literature review to explore factors affecting the adoption of smart technologies in the traceability of raw materials in the retail industry. The TOE framework has adopted the lens to understand the factors affecting the adoption of smart technologies. The study results indicate technological, and environmental factors affect the adoption of emerging technologies in the traceability of raw materials in the retail industry The study contributes to the body of knowledge on factors that affect the adoption of emerging technologies for raw material traceability in the retail industry.
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Khmelyuk, Alona, and Kateryna Makovitskaya. "Accounting and analytical provision of credit transactions and assessment of their impact on the financial status of the metallurgical enterprise." Economic Analysis, no. 29(4) (2019): 96–105. http://dx.doi.org/10.35774/econa2019.04.96.
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Introduction. The basic principles of organization of accounting of credit operations are considered. It is established that at the enterprise under study the organization of accounting is regulated by an internal administrative document - Order on accounting organization and accounting policy. Documentation of operations is carried out using a log-order accounting form, which involves the use of twelve out of sixteen order logs. An assessment of credit transactions in the system of accounts at a metallurgical enterprise has been made. It is revealed that the journal-order form of accounting clogs up the account and increases its complexity and complicates the completeness of the display of business operations. The expediency of replacing the journal-order form of accounting with the journal has been proved. It is noted that the evaluation of the efficiency of using credit operations should be carried out by assessing the financial stability and solvency of the enterprise. A step-by-step algorithm for analyzing the financial condition of a metallurgical enterprise is presented. The extent to which an entity's liabilities are covered by its assets is assessed. The extent to which an entity's liabilities are covered by its assets is assessed. It is confirmed that none of the liquidity indicators in the dynamics meets regulatory standards, and the company may have a status of bankrupt. The financial stability of the enterprise has been evaluated. It is established that the enterprise has insufficient own working capital, own and loan sources of formation of inventories and expenses and the total size of the main sources of formation of inventories and expenses. Effective methods of improving the financial stability of the enterprise by improving the efficiency of use of credit resources, accelerating current assets and increasing working capital are proposed. Purpose. The purpose of this article is to theoretically substantiate and develop practical recommendations for improving the accounting of credit transactions in the system of accounting registers; assessment of their impact on the financial condition of a metallurgical enterprise and ways of improving the financial stability of a metallurgical enterprise. Results. The peculiarities of organization of accounting of metallurgical enterprise in terms of documentation and accounting of credit operations and display in the system of accounts and in the accounting registers are established; a step-by-step analysis of the financial state of a metallurgical enterprise in dynamics was carried out; regularities and tendencies of functioning of industrial enterprise are revealed; improvement of organization of accounting of credit operations by introduction of journal accounting form is proposed; measures have been developed to improve the financial stability of the metallurgical enterprise.
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Trento, Luiz Reni, Michele de Souza, Leandro Zvirtes, and Giancarlo Medeiros Pereira. "Failure-to-service may lead industrial business to bankruptcy: drivers and ways to mitigate them." Gestão & Produção 29 (2022). http://dx.doi.org/10.1590/1806-9649-2022v29e5809.
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Abstract In recent decades, the service strategy has increased in importance both in scientific research and on the agendas of industrial organizations. Service can help such companies to diversify their offerings, avoiding commoditization as well as increasing operational results. However, failures in the service process may generate significant negative impacts on these organizations. This case study investigates the drivers that contributed to the failure in service delivery in the industrial organization. Such drivers ultimately bankrupted the profit organization. The article uses the qualitative exploratory methodology and a unique, in-depth case study. The findings reveal the following drivers: assigning the operation to inexperienced employees; lack of ability to implement organizational needs; organizational alignment; and knowledge of how to disable complex operations. Also, the study contributes to the construction of a framework to mitigate such drivers. The framework is structured in service operation, decommissioning, and implementation.
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Webber, Darlene Arlete. "OS DISCURSOS DE TRABALHADORES AUTOGESTIONÁRIOS." Organon 24, no. 48 (May 16, 2010). http://dx.doi.org/10.22456/2238-8915.28643.
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The analysis of the discourse practices of workers who constitute and enable cooperatives organizations of auto management belonging to the Solidary Economy in Rio Grande do Sul appears with the main objective in this approach. It is about undertaking of industrial production in the auto management model, created from the bankruptcy of capitalist management enterprises. The study deals with the observation of the discourse process of the practices of auto managing subjects, of auto management supporters and of working class intellectuals, in this process ideas and beliefs are “disarranged”, “rearranged” and “transformed” of non linear way. This new social and discourse practices of the auto managing organization of workers can be found in different moments of the humanity history, which leads us to think about the discourse resonances and interdiscourse connections.
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Ignatovich, Liliya. "INVESTIGATION OF BANKRUPTCY INSURANCE OF THE INSURANCE COMPANY." Pryazovskyi Economic Herald, no. 3(26) (2021). http://dx.doi.org/10.32840/2522-4263/2021-3-8.
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The analysis of probability of bankruptcy is one of directions of financial analysis, and the general purpose of financial analysis – rendering assistance in development of reasonable and effective administrative decisions. The analysis is important for all subjects of the insurance market, including the National Bank of Ukraine, as the regulator of the financial services market, which is interested in the financial stability of the insurance market. Especially, if in recent years there has been a tendency to reduce the number of insurers. The bankruptcy probability assessment may be carried out by the management of the company itself to identify weaknesses and prevent bankruptcy. There is great interest in methods that allow assessing the probability of bankruptcy in advance, predicting the onset of financial insolvency of the organization. Analysis of the likelihood of bankruptcy allows the company to obtain an objective assessment of its activities, can adjust it in the right direction by taking prompt or preventive measures. The aim of the research is to determine the probability of bankruptcy of the insurance company, by the example of ALC “IC “Motor-Garant”” on the basis of foreign and domestic models, such as Taffler-Tishaw, Springate, A.P. Zaitseva. Analysis of the likelihood of bankruptcy by several methods will be carried out on the basis of the data reflected in the company’s financial statements. These models are considered to determine the probability of bankruptcy of the insurance company, determining their main advantages and disadvantages, as well as the possibility of their use in practice. It is proved, that the estimation of probability of bankruptcy of insurance companies in modern conditions of doing business allows to define the real situation of the insurer in the market and to reveal critical moments in activity. As a matter of fact, the earth models were started for the old enterprises, but is it the land has its own specifics. However, one should take into account that all forecasting methods have their limitations and inaccuracies. For the most complete and accurate analysis it is recommended to rely on the results of three or more different models.
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NEZAMOVA, O. A., and J. A. OLENTSOVA. "RISK MANAGEMENT AT THE ENTERPRISES OF AGROINDUSTRIAL COMPLEX." AZIMUTH OF SCIENTIFIC RESEARCH: ECONOMICS AND ADMINISTRATION 10, no. 34 (February 28, 2021). http://dx.doi.org/10.26140/anie-2021-1001-0055.
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The article deals with the problem of risk management at agricultural enterprises, which is currently not given sufficient attention, although this issue is one of the most urgent during the crisis. In modern conditions, some agricultural enterprises are barely surviving and issues of risk assessment and management are becoming a priority. Enterprises of agro-industrial complex face a large number of risks every day and the result of the enterprise's activity largely depends on an adequate response to them. Unaccounted risks are very dangerous for the company. They lead to lower profits, losses and, in the worst case, to the bankruptcy of the company. This situation makes enterprises of agro-industrial complex vulnerable, especially in the current unstable economic situation. Some enterprises of agro-industrial complex , especially small businesses, are barely surviving, and proper risk assessment and management is of paramount importance. The purpose of this study is to try to optimize risks at the LLC «Iskra», which produces and sells agricultural products in Krasnoyarsk and in the Krasnoyarsk region. For this purpose, we studied: the financial condition of the enterprise, the main indicators of its activity, the main directions of risks for the enterprise, and proposed measures to reduce risks. As an informational basis, we used research by Russian scientists on the studied issue, statistical industry information, and reporting materials of the studied organization.
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Kholodova, M. A., T. A. Miroshnichenko, and N. A. Svyatogorov. "FINANCIAL AND ECONOMIC STATE OF AGRICULTURE IN THE CONDITIONS OF EXPORT-ORIENTED STRATEGY OF AGRO-INDUSTRIAL COMPLEX." Vektor nauki Tol'yattinskogo gosudarstvennogo universiteta. Seriya Ekonomika i upravlenie, 2021, 60–71. http://dx.doi.org/10.18323/2221-5689-2021-1-60-71.
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The stable financial and economic state of agriculture largely determines the success of the implementation of the export-oriented strategy for the development of the agro-industrial complex of Russia chosen by the state. The authors analyzed and studied the main factors affecting the financial and economic condition of key agriculture sectors of the Russian Federation. The study identified the problems hindering the significant ramp-up of the crop and animal products output, the main of which are: the insufficient technical potential of agriculture, low level of investment activity, the imperfect mechanism for allocating preferential investment and short-term loans to agricultural producers, the disparity in prices for agricultural products and manufactured goods, the insufficient state support for the industry, the shortage of personnel potential in agriculture, etc. Despite the existing problems, the authors highlight the tendency of the growth in crop and animal products output and strengthening of the financial state of agricultural enterprises resulting from the implementation of the state policy of import substitution and the introduction of food embargo on basic foods. At the same time, the volatility of prices for crop and animal products negatively affects the financial results of agricultural producers, leads to the deficiency of own funds for technical reequipment of production, the introduction of technological innovations, the faster increase in production volumes and serves as an obstacle when implementing the targeted guidelines of the state concept of export-oriented development of the industry. The study noted the growth of debt under credits and loans and overdue accounts payable per one agriculture organization resulted from the pre-bankruptcy of several large-scale agricultural holdings. To strengthen the financial and economic state of agriculture, the authors recommended improving the mechanisms of state stimulation to attract financial resources of private investors, increasing the volume of state support for agricultural producers, providing preferential investment and short-term loans to agriculture, and expanding state support programs for small and medium-sized forms of agriculture in the countryside.
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Wongsnuopparat, Sumas. "Corporate Sustainability: Study of "New Normal" Factors that Affect Corporate Sustainability." Journal of Economics, Finance And Management Studies 04, no. 07 (July 17, 2021). http://dx.doi.org/10.47191/jefms/v4-i7-19.
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When we look back on the history of the world, the term “New Normal” has been employed concerning World War I, the global financial crisis of 2007 -2008, the September 11 attacks in the United States, and the global recession of 2008 -2012. Still, this term has never powerfully shocked our hearts. The COVID-19 pandemic has been changing human life since 2020. People gradually move away from everyday life and progressively walk into the “New Normal” life. However, the life of “New Normal” is full of uncertainty. The uncertainty may come from the different variants of the COVID-19 virus, and it may come from the resetting of the global economy. In the “New Normal” life, more and more companies go bankrupt and are about to face bankruptcy. Even though some companies do not want to default, but it has been hard to survive nowadays. Until now, it is hard to know if the “New Normal” life is a brief time in this long history of the world or the “New Normal” life will be a permanent state. Anyway, the “New Normal” factors of “New Normal” life have provided opportunities to force the world to eliminate outdated technologies, eliminate the backward enterprises, reorganize the business framework of companies, optimize the industrial structure, strengthen human resources, re-set the world economy, reorganize the business relationship of the world. History always moves forward according to its natural developmental trend, and no force can resist the law of the development of things. Still, also no power can resist people to pursue a better life. Individuals, groups, regions, and countries are connected based on the relationship between the individual and country is the relationship between the individual and the larger society. In addition, the relationship between the individual and the world is the relationship between the individual and the human organization. Therefore, individuals, groups, regions, and countries must look forward and keep a positive mindset to adopting the “New Normal” factorsin the “New Normal” life. As we can see, many companies are adopting “New Normal” factors, and some are expanding their business network and further towards corporate sustainability despite this COVID-19 pandemic making the challenging situation in this business world. The main research question of this study is “What are the “New Normal” factors that have a significant effect on corporate sustainability?” In this study, eight independent variables including Working from home (W.H), Workforce transformation (R.W), Digital transformation (D.T), Technological transformation (T.N), Psychological effect (P.C), Uncertainty (U.C), Consumer behavioral change (C.N), Government policy (G.V), and one dependent variable Corporate adjustment (C.S) is the studied. This study aims to understand the structural relationship among these potential variables that could influence corporate sustainability in the “New Normal” life. The dataset utilized to test the hypothesis postulated in this study is the Structural Equation Model (SEM). The results from this study suggests that Technological transformation, Uncertainty, Consumer behavioral change, Digital transformation, and Government policy significantly affect corporate sustainability in the “New Normal” life. Considering different politics, economy, and cultural backgrounds in countries and industries, we also found that some irreconcilable factors affect technological transformation, uncertainty, consumer behavioral change, digital transformation, and government policy. Finally, this study identified technological transformation, uncertainty, consumer behavioral change, digital transformation, and government policy as significant factors that affect corporate sustainability. Therefore, this study provides some valuable suggestions for all companies to better adapt to the business market in the “New Normal” time. In addition, this study also provides some evidence and ideas for researchers to explore corporate sustainability in the “New Normal” time and post-COVID-19.
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Bobowski, Eryk. "Discriminatory models as a tool for bankruptcy risk assessment industrial capital groups – the chemical sector." Studia i Materiały Wydziału Zarządzania UW, 2021, 44–60. http://dx.doi.org/10.7172/1733-9758.2021.34.4.
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The article presents research on the use of discriminatory models in the assessment of the risk of bankruptcy of industrial capital groups operating in the Polish chemical sector. The research work was focused on examining the efficiency and effectiveness of the use of analytical models in forecasting bankruptcies of multi-entity organizations by tally and comparing the results calculated for the capital group and the parent company. The analysis uses models for assessing and forecasting the economic and financial condition of enterprises by Polish scientists, which are dedicated to domestic companies operating in the Polish economic realities. Research works on their development were carried out in the main research and development centers of universities.
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Chernyaeva, Anna. "CURRENT DIRECTIONS IN THE EVALUATION OF FINANCIAL AND ECONOMIC ACTIVITY OF THE ENTERPRISE." Pryazovskyi Economic Herald, no. 2(31) (2022). http://dx.doi.org/10.32840/2522-4263/2022-2-13.
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In today's minds of the state, in the minds of the crisis, the effectiveness is one of the characteristics of the activity of organizations, which ensures their long-term development, satisfaction of the interests of their masters, the workforce, which changes their market positions. Evaluation of performance is a key function of the management of organizations, which allows you to take into account the success of the activities of organizations, reserve and direct the full value of activities. One of the main directions in the assessment of activity is the financial analysis. Financial stability characterizes the financial position of the enterprise from the standpoint of the efficiency of the use of equity capital. If financial stability is lost, then the probability of bankruptcy is high, the enterprise is financially insolvent. Considering the variety of financial processes, the multiplicity of indicators of financial stability, the difference in the level of their critical assessments, the emerging degree of deviation from them of the actual values of the coefficients and the resulting difficulties in the overall assessment of the financial stability of enterprises, there is a need for an integral assessment. The article considers the problems of assessing the activities of a modern enterprise according to the rating system. The article proposes an improved approach to assessing the effectiveness of modern enterprises based on key performance indicators. The given technique allows to compare the enterprises of various branches, organizational and legal forms, the sizes, etc. It is proposed to include the following indicators in the main indicators: absolute liquidity ratio, quick liquidity ratio, current liquidity ratio, autonomy ratio, ratio of own working capital, ratio of own working capital stocks. They are translated into the final indicator according to the score and as a result the company's sustainability rating is determined. Based on this assessment, the efficiency of management is determined, the results can be used in making management and investment decisions. Significantly, that the rating score of a financial institution can characterize a company from the point of view of its investment opportunity, it is clear in the case of a quick analysis, since it does not require significant expenditure of time and resources. It is also assigned to the rating as an important factor in the conduct of inter-state financial analysis and to serve the purposes of internal state financial analysis, acting as an additional tool in predicting the bankruptcy rate.
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Basterretxea, Imanol, Chris Cornforth, and Iñaki Heras-Saizarbitoria. "Corporate governance as a key aspect in the failure of worker cooperatives." Economic and Industrial Democracy, February 4, 2020, 0143831X1989947. http://dx.doi.org/10.1177/0143831x19899474.
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The article analyses governance difficulties at Fagor Electrodomésticos, for decades the world’s largest industrial cooperative, and sheds light on how the cooperative model and governance might have contributed to the firm’s bankruptcy. The case study examines how the cooperative model influenced the speed and quality of decision making. The roles of the main cooperative governing bodies (the General Assembly, Governing Council and Social Council) are evaluated and their limitations to effectively supervise and work with management to make difficult strategic decisions. Several governance improvement measures are proposed in order to help other large cooperatives combine democratic control and economically sound governance.
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"INNOVATIVE POTENTIAL AND ACTIVATION OF EMERGENT PROPERTIES FOR INDUSTRIAL ENTERPRISE DEVELOPMENT." Social Economics, no. 60 (2020). http://dx.doi.org/10.26565/2524-2547-2020-60-09.
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The article highlights a list of factors influencing the structural elements of the system of economic security and drivers of the activation of the emergent properties that influence the strengthening of the innovative potential of the enterprise. The system of protection of innovative potential through the lens of ensuring the economic interests of the enterprise is considered and the state of protection of scientific and productive potential is described. It was noted that new qualities of the system and technical and organizational innovations were emerging as a result of the activation of emergent characteristics. The article highlights the principles of safety of innovation potential of the industrial enterprise and presents the elaborated development of the author: A scheme for the development of a safety system of innovative potential in the context of the activation of the emancipation characteristics of an industrial enterprise. It is emphasized that, under the conditions of anti-crisis protection, the factors influencing the activation of the emergent properties are inversely proportional to the components of the system of economic security and the innovative potential of the industrial enterprise, Therefore, it is advisable to consider in the perspective of motivators and demotivators, as they are signals of the emergence of «emergent» and «results» with different poles of certainty. The article presents the factors influencing the activation of the emergent properties and the components of the security system of the innovative potential of the enterprise. The systematization of the factors of influence made it possible to present the behavioral aspects of the economic entity (industrial enterprise) in the emergent economy, considered in two vectors: rationality and irrationality. The result of the dual attractor (multiple points, results) when the emergent properties are activated is the innovative development or bankruptcy and liquidation of the industrial enterprise. It was stressed that the lack of funding for innovative processes was leading to a paradigm shift and new system qualities were emerging for business continuity, taking into account rational and irrational management decisions.