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Journal articles on the topic 'Financial and economic results of enterprises'
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1
Nemessályi, Ákos. "Financial Analysis of Agricultural Enterprises’ Economic Results." Acta Agraria Debreceniensis, no. 10 (May 11, 2003): 270–79. http://dx.doi.org/10.34101/actaagrar/10/3505.
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The main objective of this paper is to give an overview about the economic results and financial status of agricultural enterprises in Hajdu-Bihar Count, as well as, froa methodology viewpoint,find the place of the used indexes in the system of effectivity indexes in farm management . From the complex database describing the enterprises, the figures on the balance sheets and profit and loss accounts were used and analysed. As a result of the analysis the below statements can be made:The owner’s equity ratio within the total equity is very different in corporations and in individual farms. The lower values in case of corporations show their indebtedness. At the same time, the figures indicate that it is more difficult for individual farms to receive loans.The average of dynamic indebtedness indexes, in case of individuals are closer to 0 which generally derives from the low level of liabilities. The same indexes of corporations o the other hand show significant indebtedness. The figures indicate that the yearly cash flow can hardly cover the net liabilities.The profitability proportional to the production value is generally low, mostly negative, independent from size and organisational form.As a summary, it can be said, that individual as well as corporate farms suffer financing problems, the nature of these problems is different in the two groups. On the on hand, the operation and development of the individual, mostly the smaller, farms are hindered by the difficulties of acquiring external capital. On the other hand, the results of corporate, mostly the cooperative, farms is impeded by the burdens of liabilities accumulated in previous years.
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Bojnec, Štefan, and Sabina Žampa. "Subsidies and Economic and Financial Performance of Enterprises." Journal of Risk and Financial Management 14, no. 11 (October 20, 2021): 505. http://dx.doi.org/10.3390/jrfm14110505.
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The aim of this article is to analyze the economic and financial performance of Slovenian enterprises, as a European Union (EU) member state case study. A favorable economic and financial performance is crucial for long-term sustainable enterprise growth and survival. Eight economic and financial performance indicators are used to evaluate the sustainability in the growth of enterprises: seven of them are financial indicators—assets, revenues from sales, equity, net profits, operating efficiency, return on equity, and value added per employee—while the eighth variable is the economic indicator for the number of employees. A distinction is made between enterprises that did and that did not receive subsidies from national and EU funds. Three enterprise-level data sources are combined in the empirical analysis: balance sheet data from enterprise accounts, own surveys data, and government data on public subsidies to enterprises. The mean values and standard deviations of economic and financial indicators based on balance sheet data for the years in two financial periods are estimated. The summary statistics for economic and financial indicators and correlation analysis are conducted and the results of the economic and financial indicators are compared using the parametric paired sample two-tailed t-test that allows comparison between the enterprises in the two financial periods. An increase in the economic and financial indicators is investigated by comparing the enterprises that did receive subsidies with the enterprises that did not receive subsidies in the two financial periods. The empirical results confirm that the value added per employee is the only financial indicator where a positive link is found between the financial indicator and subsidies. The results suggest that subsidies can be important for cash flow into enterprises, but entrepreneurial activities are crucial for favorable economic and financial performance and long-term sustainable growth in a competitive market environment.
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Romanova, Svetlana. "Financial results of pharmaceutical industry: 2020." Remedium, no. 3 (December 1, 2021): 81–86. http://dx.doi.org/10.21518/1561-5936-2021-3-81-86.
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Financial status is the most important characteristic of the economic activity of the industry enterprises, which determines its economic attractiveness. Let us consider a set of indicators reflecting the availability, placement and use of financial resources of enterprises in the industry.Financial status of pharmaceutical companies is analysed using the data form State Statistical Reporting Form No. P-3 – Information on Company Financial Status.
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GAVRILENKO, Oleksiy. "MONITORING AND CONTROL OF FINANCIAL STABILITY AND ECONOMIC SECURITY OF AGRICULTURAL ENTERPRISES." Ukrainian Journal of Applied Economics, no. 2 (2019): 24–31. http://dx.doi.org/10.36887/2415-8453-2019-2-3.
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Abstract Introduction. Food businesses are constantly experiencing financial difficulties due to untimely activity results analysis. The financial stability support program is a key objective of the agricultural enterprise. It is possible to ensure its effective functioning through the introduction of an appropriate internal control system. In today's volatile economic environment, only businesses with the proper level of competitiveness and financial sustainability can function productively. The purpose of the article is to substantiate the need and to find ways to implement monitoring and control of financial stability and economic security in the management of agricultural enterprises. Results. The purpose and the most effective means of ensuring Ukraine's food policy in the current economic conditions are determined. The stages of economic monitoring (preparatory stage, research and analysis of the obtained results) are presented. The economic monitoring scheme of financial and economic situation at the enterprise is presented. Possible types of financial condition of agrarian enterprise are described. The interdependence of the financial stability type and the concept of competitive advantages development in food industry enterprises at different stages of their life cycle are presented. The comparative assessment of the existing ways and methods of monitoring financial stability have been shown in the context of conducting an internal analysis of the agricultural enterprises financial stability. The characteristic of financial stability monitoring of agrarian enterprise production on the basis of matrix method is given. The results of the financial sustainability assessment of the enterprise «Kulindorovsky» are presented based on the matrix scheme. The conformity of the integral indicator of the enterprises financial stability type of the food industry in the Odessa region is estimated. The realization directions of the algorithm of internal systematic analysis implementation of agricultural enterprises financial stability are indicated. Conclusions. Analysis of agrarian enterprise financial stability it is advisable to carry out using the matrix algorithm. The proposed methodology will allow to anticipate possible threats to the financial activity of the agricultural enterprise. The results obtained will help to make management decisions aimed at stable activity of the enterprise. Keywords: monitoring, control, analysis, economic security, risk, agricultural enterprise, financial security of agricultural enterprises.
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Střeleček, F., Daniel Kopta, Jana Lososová, and Radek Zdeněk. "Economic results of agricultural enterprises in 2010." Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis 60, no. 7 (2012): 315–28. http://dx.doi.org/10.11118/actaun201260070315.
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The paper analyses the development of economic measures on a sample of agricultural enterprises in the Czech Republic in 2006–2010. These enterprises were divided according to the share of the land in the LFA. The aim of the paper is to describe current economic state of agricultural enterprises and to define long-term tendencies of the profit/loss and of factors that can influence it. Compared to 2009, the situation of agricultural enterprises improved in 2010, the majority of enterprises reached a profit, however the profit was not at the same level as in 2007 and 2008. Primarily, total production after its considerable decline in 2009 increased only slightly and reached a level of 2006 in the average enterprise. The labour productivity increased due to a reduction of the number of workers. Decreasing the number of workers is a long term trend as well as increasing of financial support in agriculture. However, the growth rate of support is slowing; the non-LFA support has been decreased in last two years. The increasing share of revenues from crop production and reducing the share of revenue from livestock production is also a long-term tendency.
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Popova, A. A., and E. A. Aksenova. "MANAGEMENT OF FINANCIAL RESULTS OF THE ENTERPRISE IN THE CONDITIONS OF DIGITALIZATION OF THE ECONOMY." Business Strategies 9, no. 12 (December 29, 2021): 351–56. http://dx.doi.org/10.17747/2311-7184-2021-12-351-356.
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This article considers the scientific problem of managing the financial results of an enterprise, presents the procedure for forming the financial results of an enterprise. The concept of financial results management at the enterprise and its main components are defined. The economic significance of profit and the features of its impact on the activities of enterprises are analyzed. The essence, role and features of the process of forming financial results as an element of the general enterprise management system and its main goals are determined. The principles and methods of managing financial results in order to optimize the profitability of modern enterprises are described. The methods of improving the indicators of financial results of the enterprise in the conditions of digitalization of the economy are disclosed.
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Romanova, Svetlana. "Financial performance of the pharmaceutical manufacturers: 2020 interim results." Remedium Journal about the Russian market of medicines and medical equipment, no. 11-12 (2020): 64–69. http://dx.doi.org/10.21518/1561-5936-2020-11-12-64-69.
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Financial status is the most important characteristic of the economic activity of the industry enterprises, which determines its economic attractiveness. Let us consider a set of indicators reflecting the availability, placement and use of financial resources of enterprises in the industry. Financial status of the industry enterprises is analysed using the data form State Statistical Reporting Form No. P-3 Information on Company Financial Status.
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Наmкаlо, О. В. "Non-Financial Reporting as a Tool for Measuring the Social Activity of Domestic Enterprises." Statistics of Ukraine, no. 4(79) (December 20, 2017): 79–86. http://dx.doi.org/10.31767/su.4(79).2017.04.10.
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The research is devoted to the peculiarities of the formation of non-financial reporting as one of the tools for measuring the social activity of enterprises.
The financial stability and successful business of enterprises is conditional on non-financial indicators and business orientation, ranks, reputation, openness and social responsibility. Non-financial reporting or a CSR report is an effective tool for measuring the performance of enterprises, a basis for the development and implementation of various strategic projects and programs. Information from non-financial reporting allows for assessing the effectiveness of management at an enterprise by economic, environmental and social component, their interdependence and contribution in achieving the main goal, and for subsequent goal setting and more effectively management of change. It means that the report in question serves as the main platform for communicating the results and impacts (positive or negative) of sustainable development. It shows the real effort of an enterprise in creating social, environmental and economic benefits.
However, domestic enterprises do not have sufficient experience in the field of socially responsible business and need to create their own internal concept of corporate social responsibility considering international trends, which determines the relevance of this study
Various international non-financial reporting standards are analyzed; it is demonstrated that the most popular mechanism for regulating non-financial reporting is the Global Reporting Initiative (GRI), which defines a set of indicators measuring the social, ecological and economic component of the economic activity of enterprises The mechanism for making up a non-financial report by phase of the enterprise development is built. The use of the proposed mechanism in making up non-financial reporting will enable to set up an effective link between the enterprise and the stakeholders, and to determine the strategic directions of the enterprise's activities in the context of its development.
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Ivanova, М., V. Smiesova, A. Tkachenko, M. Boichenko, and T. Arkhypenko. "EFFICIENCY OF THE LOGISTICS CHAIN AS A FACTOR OF ECONOMIC SECURITY OF ENTERPRISES." Financial and credit activity: problems of theory and practice 2, no. 37 (April 30, 2021): 151–60. http://dx.doi.org/10.18371/fcaptp.v2i37.229950.
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Abstract. The basis of economic and financial security of the enterprise is effective financial and economic activity, stable financial condition, rational use of financial resources, the ability to counter threats to the internal and external environment. One of the factors of effective financial and economic activity and economic security of enterprises is the formation of effective logistics chains that provide its participants with opportunities to counter threats to the internal and external environment. Formation of effective logistics chains on the basis of taking into account the economic interests of its participants causes changes in the results of their financial and economic activities and creates the basis for their financial independence, socio-economic efficiency and stability. The purpose of the article is to form approaches to assessing the efficiency of the logistics chain on the basis of economic and financial security of enterprises. The article investigates scientific approaches to evaluating the efficiency of the logistics chain of enterprises, identifies their strengths and weaknesses, analyzes their methodology. An approach to evaluating the efficiency of the logistics chain of industrial enterprises, the use of which will reconcile the economic interests of the participants in the logistics chain, reduce their financial costs, ensure effective economic activity, form the basis for their financial and economic security. The scientific novelty of the article is the formation of a modern approach to evaluating the efficiency of the logistics chain, which, in contrast to existing ones, involves the use of an indicator of the efficiency of logistics activities of enterprises, the proposed indicator is the stationarity of ratio of operating results to logistics costs relative to the mean or deterministic trend over time, and identification of potential models of logistics efficiency of enterprises, which would ensure economic and financial security of enterprises. It is proved that efficiency of the logistics chain is achieved under the condition that the financial result from the operating activities of the enterprises united by the logistics chain in relation to their costs for logistics activities will not change for a long time or will naturally change with a reliable forecast and possibility economic forecasting of further cooperation. The expediency of using this approach was confirmed on the basis of the analysis of the efficiency of logistics chains of selected enterprises. The initial data for the construction of this model were the logistics costs as a component of the company’s operating expenses and the financial result from operating activities. The deficiencies in the use of existing accounting standards and regulations that govern the integrated assessment of the enterprise’s logistics costs have been established. It is proposed to use the Davis databases, which are formed on the basis of a web-survey of enterprises regarding the value of their logistic costs. It is noted that the actual stability of the logistics chains for each enterprise and the optimal ratio of their results to costs are determined by the current market conditions. An idea of the efficiency of connections in the logistics chain is formulated. It was concluded that the existence of a long-term stable equilibrium in the form of vector co-integration for all subjects of the logistics chain can be considered optimal. Prospects for further research are the development of a scientific approach to the formation of a logistics cluster as a basis for financial and economic security of enterprises. Keywords: economic security, financial security, financial costs, financial results, efficiency, the logistics chain, logistics activities. JEL Classіfіcatіon С22, D22, D61, O30 Formulas: 5; fig.: 2; tabl.: 2; bibl.: 15.
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Tan, Xiuli, Zhaorong Sun, Zhongquan Chen, and Zhisong Chen. "Analysis of Green Technology Upgrading Strategy Based on Collaborative Incentive of Environmental Policy and Green Finance." Journal of Systems Science and Information 9, no. 1 (February 1, 2021): 61–73. http://dx.doi.org/10.21078/jssi-2021-061-13.
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Abstract With the continuous development of economy, the bottleneck problem of environmental resources has become increasingly prominent. Enterprise environmental governance technology innovation incentive has become an important issue for the development of government, society and enterprises. Under the control of enterprise’s expected economic target, this paper discusses the synergistic incentive effect of environmental policy and green finance on enterprise’s environmental governance technology innovation decision by using nonlinear programming model. The results show that when the funds for environmental governance technological innovation are insufficient, there is an optimal decision space to use green financial loans to implement technological innovation and upgrade, and then achieve the expected economic goals; Under a given level of environmental governance technology, environmental policies affect whether enterprises can make decisions on technological innovation and upgrading of environmental governance; Green financial mechanism will not. However, when the enterprise makes the decision of environmental governance technology upgrading, it will affect the enterprise’s decision on green financial loan amount. The results of the study have guiding significance for the formulation of environmental policy and green financial policy, as well as the decision-making of enterprise environmental governance technology innovation and upgrading.
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Davydenko, Nadiia, Natalia Wasilewska, Mirosław Wasilewski, and Zoya Titenko. "FINANCIAL AND ECONOMIC SECURITY OF AGRICULTURAL ENTERPRISES IN THE UKRAINE." Annals of the Polish Association of Agricultural and Agribusiness Economists XXI, no. 4 (October 9, 2019): 96–105. http://dx.doi.org/10.5604/01.3001.0013.5240.
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The paper aims to assess the factors affecting the financial security of agrarian enterprises to create the proper conditions for the stable functioning of agricultural enterprises. The research period covers the years 2013-2016. Agrarian business management is currently affected by times of instability and uncertainty leading to an increase in economic and financial risks. The situation in agriculture requires addressing – forming a mechanism for the financial security of agricultural enterprises and developing a methodology for its evaluation. In the study, essence and structure of organizational support of financial security management as a critical component of economic security of agrarian enterprises was revealed. The main preconditions for providing financial security of agricultural enterprises through a prism of their financial status based on the achieved results of recent years are considered. The analysis of the leading indicators of financial security of agricultural development is carried out. Threats of an enterprise’s financial security are identified. Identifying financial security threats contribute to the timely application of adequate tools to minimize the effects of risks or maximize the factors that positively impact the financial performance of agrarian enterprises.
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Havrylenko, Mykola, Vira Shiyko, Liliana Horal, Inesa Khvostina, and Natalia Yashcheritsyna. "Economic and mathematical modeling of industrial enterprise business model financial efficiency estimation." E3S Web of Conferences 166 (2020): 13025. http://dx.doi.org/10.1051/e3sconf/202016613025.
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The article proposes two methods for evaluating the financial efficiency of a business model of industrial enterprises. In order to evaluate the financial efficiency of the business model of an industrial enterprise, a system of single indicators for assessing the financial condition of the enterprise by such components as financial stability, liquidity and solvency, business activity and profitability was formed. Fishburne’s rule weights the major components of an integral measure of an enterprise’s business model financial performance. In addition, an integral measure of the financial performance of the business model is modeled using the fuzzy set method and taxonomic analysis, which will help to evaluate the financial performance level of the business model more objectively. The comparative analysis of the obtained results by different methods of calculation of integral indicators is carried out.
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Rosochatecká, E. "Economic efficiency of agricultural enterprises and its evaluation ." Agricultural Economics (Zemědělská ekonomika) 48, No. 3 (February 29, 2012): 97–101. http://dx.doi.org/10.17221/5455-agricecon.
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Agriculture as a sector of national economy shows a permanent loss (except the year 1995 and 2000). The investment volume and number of workers decreases. The necessary resources for businesses development are not created at the general level. Introducing of new technologies for restructuring appears as problematic from this point of view. The stated results of the sector of agriculture stem from the average data of the monitored set of enterprises collected by the RIAE. Evaluation objectivity of the agricultural enterprises economic results is influenced by the quality of the database and of the used evaluation method. In the contribution, the method of the financial analysis indices, economic normal and the indicators of the enterprise financial situation prediction were utilised for evaluation. For the analysis, own set of monitored enterprises is used and also its comparison with the selected results of the RIAE.
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Akbasheva, A. A., and E. A. Yaitskaya. "Analysis of the existing methods for assessing the financial state of the enterprise as a tool to ensure its economic security." Proceedings of the Voronezh State University of Engineering Technologies 82, no. 4 (January 20, 2021): 327–34. http://dx.doi.org/10.20914/2310-1202-2020-4-327-334.
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In modern unstable conditions of economic development, special attention is paid to the financial condition of enterprises, since it reflects all aspects of the financial and production activities of an enterprise, determines its potential in the business world, competitiveness, stability in the market and determines potential positions in the market. Analysis of the financial condition of an enterprise in the presence of internal and external threats will allow assessing the current and prospective financial position of an economic entity, assessing the potential pace of development, identifying possible sources of assets formation, and predicting the financial position of an enterprise in the market. The scientific article summarizes modern methods of analysis and assessment of the financial condition of an enterprise, studies the systems for determining the financial condition as a tool for ensuring economic security. and also presents their features and content. Based on a comparison of the most common methods for assessing the financial condition of an enterprise, the following conclusion can be drawn: at present, when analyzing the financial condition of enterprises, the problem of choosing a methodology that meets the requirements of an enterprise to enhance the analysis of one or another block of economic and financial indicators is highlighted. That is, the given interconnections of the analyzed phenomena that characterize financial and economic activities can be very diverse and complex. Therefore, it is advisable to conduct analytics using not all the diversity, but only those factors and indicators on which the results of the financial and economic activities of the enterprise directly depend. All methods of assessing the financial condition of enterprises can be applied at enterprises in order to ensure economic security. Enterprises in an environment of uncertainty continuously need timely, objective and complete information about their financial condition to ensure constant and stable protection against real and potential threats and hazards. Moreover, owners and investors need such information. However, it is always necessary to remember and realize that the conditions of a market economy dictate their own rules, the promotion and development of enterprises takes place in a tough competitive environment, therefore, information should be submitted in a timely manner in order to make appropriate management decisions.
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LOPATOVSKYI, Victor, and Rostyslav KRASUTSKYI. "PECULIARITIES OF FORMATION AND USE OF INFORMATION ABOUT FINANCIAL RESULTS OF ACTIVITY OF BUSINESS ENTITY AS A RESULT OF EFFECTIVE PERFORMANCE." Herald of Khmelnytskyi National University 302, no. 1 (January 2022): 142–47. http://dx.doi.org/10.31891/2307-5740-2022-302-1-24.
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Research on financial performance and income taxation in times of economic downturn and crisis is always gaining attention and popularity, because the amount of profit depends on the viability of the enterprise, the level of wages and, accordingly, turnover and skills, and as a result of state budget revenues. different levels. Income tax, in turn, is a regulator of the distribution between the state and enterprises of all forms of ownership of profits, as the main source of innovation and investment activities. The current conditions and the economic situation in Ukraine and in the world as a whole pose new challenges for enterprises to optimize their activities, efficiency in the face of growing competition, the impact of aggressive internal and external factors. No business activity has development prospects without a positive financial result, which lacks the dynamics to grow. Profit has always been the main indicator of business efficiency. That is why the formation and definition of profit has caused and continues to cause so much debate in economics, as evidenced by the great variety of theories on its definition and sources of formation. This area of research attracts a lot of attention during the crisis, as profit is the most desirable source of resource recovery and enterprise development. Therefore, maintaining profitability at a sufficient level is a challenge for managers at all levels and divisions of the enterprise, especially given today’s oversaturated and over-competitive environment, where every enterprise is fighting for survival. The authors investigate the peculiarities of the formation and use of information about financial results as an effective indicator of enterprise activity, which is formed according to the system of its accounting and reporting and used by management to make management decisions on profit management. Financial results are a measure of the efficiency of any commercial enterprise, making a profit – the main purpose of doing business. Domestic and foreign scientists have prepared many scientific papers to highlight the peculiarities of the formation and use of information about financial results, but the main problem is that there is no one-size-fits-all solution to optimize financial results and increase profitability. The current economic turmoil shows new weaknesses in the activities of economic entities and policies to increase their profitability, and therefore research and writing scientific papers and practical recommendations on this topic will always be relevant.
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Kapkanets, Vladyslav. "STRATEGIC MODEL OF EFFECTIVE MANAGEMENT OF FINANCIAL AND ECONOMIC POTENTIAL OF IRON ORE ENTERPRISE." Economic Analysis, no. 27(4) (2017): 211–18. http://dx.doi.org/10.35774/econa2017.04.211.
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Introduction. The success and effectiveness of industrial enterprises functioning largely depends on its financial and economic potential and the efficiency of its use, distribution and accumulation. However, some aspects of financial and economic potential management of economic entities related to its strategic modelling and forecasting have not been sufficiently investigated yet. Purpose. The article aims to develop and test strategic model of effective management of financial and economic potential of industrial economic entity on the example of iron ore enterprise. Method (methodology). The method of theoretical substantiation, system and analytical method, method of financial and economic analysis, method of economic and mathematical modelling, method of forecasting, graphic method have been used in this research. Results. It has been formed a strategic model of effective management of financial and economic potential of iron ore enterprise while taking into account the optimization of the multi-factor multiplier of economic profitability. It has been practically tested the reliability and effectiveness of the proposed model on the basis of analytical data of financial and economic activity of Ukrainian iron ore enterprises for the last three years. Prognostic diagnostics has been carried out. Practical recommendations as for optimization of the financial and economic potential management of iron ore enterprises have been provided. Scope of results. The results of the work can be applied in practice by the managers of iron ore enterprises in order to optimize the processes of searching, accumulation and distribution of material and financial resources and adjusting strategic plans for long-term development.
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Botvina, Natalia. "PLANNING AND FINANCIAL MANAGEMENT ON ENTERPRISES OF MOTOR INDUSTRY." Economic Analysis, no. 27(1) (2017): 101–6. http://dx.doi.org/10.35774/econa2017.01.101.
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Financial aspect of planning is analysed as the main part system of the general planning of the activity of an enterprise. The environmental instability and the uncertainty of economic conditions influence the activity of the enterprise because the effectiveness of the activity of the company largely depends on the state of financial planning at the enterprise. The higher level of uncertainty the more important becomes planning. Its correctness and accuracy of the forecast influence the success or failure of business activity. Financial planning as a key part of the whole planning process makes it possible to implement the strategic plans of the company through the development of specific action plans for the planning period. It allows calculating the efficiency of available resources, economic and financial results. The article analyses the current system of financial planning and management in domestic enterprises automotive industry on the example of group of enterprises of Corporation "UkrAVTO". It is proposed a procedure for the preparation and adoption of the budget. The principles and criteria for the development and use of financial planning by the companies are determined. The financial planning, as a key link of all process of planning, does it possible to incarnate strategic intentions of enterprise through development of concrete plans of operating in a plan period. Their tasks are as the following ones: to expect efficiency of present resources, to calculate the eventual economic and financial results. The systems of planning and financial management of enterprises will allow realizing the mechanism of management charges. It will promote manageability of enterprises of automobile industry. It will also create pre-conditions for charges control ensuring on the enterprise, optimize the flows of payment means, and predict the financial results and financial and economic state of corporation.
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Novichkova, Olga, Olga Tagirova, Alexey Nosov, and Marina Fedotova. "Forecasting the financial results of the agribusiness company." E3S Web of Conferences 222 (2020): 06016. http://dx.doi.org/10.1051/e3sconf/202022206016.
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Competent management of the company’s activities is largely determined by the ability to manage financial results, analyze the features of their formation, which ensures the effective functioning of the organization. Timely analysis allows to study development trends, deeply and systematically examine the factors of changes in activity results, justify plans and management decisions, monitor their implementation, identify reserves for improving the efficiency of economic activity, evaluate the results of the enterprise, and develop an economic strategy for its development. For commercial enterprises, the main criterion for performance assessment is the financial result. At the same time, not only the goals and objectives of the company are multiple, but also the methods used by specialists in planning of the financial results formation. The quality of management of financial results largely determines the effective operation of the company, the stable pace of its work and competitiveness in modern economic conditions.
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Nesterenko, O. O. "The place of reporting in the management of financial results of the enterprise." Problems of Theory and Methodology of Accounting, Control and Analysis, no. 1(48) (April 29, 2021): 26–32. http://dx.doi.org/10.26642/pbo-2021-1(48)-26-32.
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The purpose of the article is to determine the place and impact of indicators of financial, non-financial and internal reporting on the management of financial results of enterprises. It is determined that the primary cause of significant losses in the activities of enterprises is the global epidemic COVID-19, which reduced economic activity, gave impetus to additional investment and financial incentives. It is proved that in order to increase the efficiency of profitability management, enterprises need to systematically analyze the indicators of financial, non-financial and internal reporting and investigate the factors influencing their importance and make appropriate changes to the financial performance management system. The place of different types of reporting in the process of managing the financial results of the enterprise is considered. In order to obtain the highest quality, objective and true forecast indicators of financial results, a sequence of analysis of indicators based on financial statements has been developed. In order to determine the financial indicators, strengths and weaknesses of the entity and the list of issues that should be disclosed in the internal financial statements, it is proposed to conduct a survey of stakeholders. It is proved that the mechanism of financial results management should be based on special indicators that comprehensively characterize the tax, investment, innovation, social and environmental components of the business model of the entity, which is most fully implemented in integrated reporting. It is proposed to constantly assess the risks that may arise when expecting excess profits from its use and in the event of certain deviations to make appropriate adjustments to financial policy, analyzing the indicators of integrated reporting. A matrix for monitoring the financial reliability of the business model of the business entity has been developed. Factors that significantly affect the financial results of the enterprise are classified according to the following characteristics: attitude to the enterprise (external and internal); time of action (permanent, temporary, past, current and future); content (economic, social and environmental).
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LIUBOKHYNETS, Larysa, Tetyana KATKOVA, and Yurii KRAVCHYK. "ANALYSIS OF FINANCIAL AND ECONOMIC PREREQUISITES FOR ENSURING ECONOMIC SECURITY OF INDUSTRIAL ENTERPRISE." Herald of Khmelnytskyi National University. Economic sciences 304, no. 2(1) (March 18, 2022): 167–73. http://dx.doi.org/10.31891/2307-5740-2022-304-2(1)-23.
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The purpose of the study is to introduce the author’s methodological approach to analyze the prerequisites for economic security of industrial enterprises, the formation on this basis of conclusions for priority areas of policy to strengthen it. The urgency of the problem of development of methods of analysis, monitoring and diagnostics of economic security of industrial enterprises is revealed. It is argued that the observation of the financial and economic condition of the enterprise allows to identify the prerequisites for the economic security of the industrial enterprise. The practical significance of the study is that the indicators of financial and economic condition of the industrial enterprise are revealed; the results of the analysis of the general economic and investment activity of the industrial enterprise are given; indicators of profitability and capital turnover of an industrial enterprise are analyzed; the characteristic of indicators of solvency and structure of assets of the industrial enterprise is resulted; the capital structure is revealed and the potential of the industrial enterprise to compensate for its possible losses is assessed. The obtained results are characterized from the standpoint of prerequisites for ensuring the economic security of an industrial enterprise. The comparative characteristics of financial and economic indicators of the enterprise and average industry values are given. Problematic aspects of economic security of an industrial enterprise have been identified. The scientific novelty of the study is that the methodological approach to the analysis of economic security of an industrial enterprise has been further developed, namely the method of analyzing the financial and economic prerequisites for ensuring the economic security of an industrial enterprise has been developed. Research methods – structural-logical and semantic analysis, statistical analysis, quantitative and qualitative comparison.
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Pakhucha, Ellina, Iryna Sievidova, Iryna Siadrysta, Leonid Mohilevsky, Tamila Oliynik, and Olga Bogdanovych. "Financial Risks in the Conditions of Unstable Market Economy." European Journal of Sustainable Development 10, no. 1 (February 1, 2021): 432. http://dx.doi.org/10.14207/ejsd.2021.v10n1p432.
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The necessity and significance of financial risks, which are a constant factor in the activity of any enterprise, are substantiated. It is established that for a broader understanding of the essence of financial risk it is necessary to consider it as a cumulative risk of the enterprise. The growing impact of financial risks on the results of financial and economic activities is associated with the uncertain economic situation, the instability of financial market conditions, the rapid introduction of new financial technologies and financial instruments, expanding the scope of financial relations of the enterprise. A system of financial ratios has been formed to quantify the risk of enterprises of different sizes, namely for large, medium and small enterprises, which most accurately reflect the current financial situation. Has been proven that the growing pressure of the crisis and insecurity on the part of the state will lead to the transition from the crisis in which enterprises are today, to a state of economic bankruptcy. It is established that the first place among the blocks of financial coefficients of risk assessment of enterprises is occupied by the block of business activity, then the block of profitability indicators, the block of liquidity indicators, the final block of capital structure. For each of the defined blocks the directions of increase, or optimization that will provide financial stability of the enterprise are presented.
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Pakhucha, Elina, Natalia Babko, Tamila Bilousko, Roman Bilousko, Serhiy Vynohradenko, and Otabeg Azizov. "Strategic Analysis of Export Activities of Enterprises to Ensure Sustainable Development." European Journal of Sustainable Development 10, no. 4 (October 1, 2021): 251. http://dx.doi.org/10.14207/ejsd.2021.v10n4p251.
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In the article necessity and significance to study of financial risks, which are a constant factor in the activity of any enterprise, are substantiated. It is established that for a broader understanding of the essence of financial risk it is necessary to consider it as a cumulative risk of the enterprise. The growing impact of financial risks on the results of financial and economic activities is associated with the uncertain economic situation, the instability of financial market conditions, the rapid introduction of new financial technologies and financial instruments, expanding the scope of financial relations of the enterprise. Methods of financial risk assessment are investigated, which involve the identification of risks, determining the causes of their occurrence and potential risk areas, as well as the negative consequences of making a risky decision or possible benefits. Comparing the methods of quantitative assessment of financial risk, it was found that the level of risk may vary depending on the chosen method of assessment. A system of financial ratios has been formed to quantify the risk of enterprises of different sizes, namely for large, medium and small enterprises, which most accurately reflect the current financial situation. An assessment of the financial results of enterprises operating in the field of wholesale trade. The financial results before the taxation of activity as an indicator that characterizes the potential for profit generation of wholesale trade enterprises by size distribution are studied. The value of financial results (balance) before taxation of wholesale trade enterprises is forecasted. It is established that the growing pressure of the crisis and insecurity on the part of the state will lead to the transition from the crisis in which enterprises are today, to a state of economic bankruptcy. This situation requires the formation and use of financial resources of enterprises, based on the system and complexity of making and implementing management decisions. Quantitative and qualitative assessment of financial risks of wholesale trade enterprises belonging to groups of large, medium and small enterprises was carried out. Based on these calculations, the ranking of priorities in the management of financial stability. It is established that the first place among the blocks of financial coefficients of risk assessment of enterprises is occupied by the block of business activity, then the block of profitability indicators, the block of liquidity indicators, the final block of capital structure. For each of the defined blocks the directions of increase, or optimization that will provide financial stability of the enterprise are presented.
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Sekirozh, Y. V. "Scientific and Methodological Aspects of Assessing the Sustainable Development of Machine-Building Enterprises as a Tool for Adjusting Management Activity in a Strategic Perspective." PROBLEMS OF ECONOMY 4, no. 46 (2020): 224–30. http://dx.doi.org/10.32983/2222-0712-2020-4-224-230.
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Machine-building enterprises have been proven to play the main role in ensuring the sustainable development of Ukraine’s machine-building industry, as the latter is the main component of Ukraine’s economic complex. The state and prospects of the further development of machine-building enterprises is an important research area dealing with the current transformation processes in Ukraine, as implementing innovations at machine-building enterprises is problematic due to the difficult financial and economic situation in the country. It is concluded that the scientific and methodological approach to assessing the sustainable development of machine-building enterprises covers the full range of the constantly changing financial and economic information, and takes into account all the possibilities for enterprise development, as the current situation, being characterized by rapid economic changes at machine-building enterprises, requires new methodological approaches to its studying. The suggested scientific and methodological approach should become that very tool in the strategic management system of an enterprise, which would take into account the existing objectives and, relying on the analysis of financial and economic situation and statistics data on the sustainable development of the enterprise, would allow timely adjustment of the entire management activity, as the main purpose of the approach is to identify, at the earliest possible time, the difference between the actual results of the sustainable development of enterprises and the forecasted ones; to identify the reasons that caused this difference; to suggest actions to properly adjust particular areas of financial and economic activity in order to normalize them and enhance the general enterprise development.
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Bunda, Olga, and Mariia Gordiychuk. "Analytical procedures of activity of the enterprises of metallurgical production." Problems of Innovation and Investment Development, no. 17 (December 4, 2018): 128–36. http://dx.doi.org/10.33813/2224-1213.17.2018.14.
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The article presents the results of the study of the place of analytical procedures in conducting a general analysis of the financial and economic indicators of the enterprises, conducted an analysis of the level of the current state of metallurgical enterprises on the example of the enterprise of this type of economic activity. The algorithm of decision support system in the analysis of enterprise activity was developed to increase the reliability of the indicators of management and financial reporting.
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Viknianska, A., D. Kharynovych-Yavorska, M. Sahaidak, A. Zhavoronok, and V. Filippov. "Methodological approach to economic analysis and control of enterprises under conditions of economic systems transformation." Naukovyi Visnyk Natsionalnoho Hirnychoho Universytetu, no. 4 (2021): 150–57. http://dx.doi.org/10.33271/nvngu/2021-4/150.
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Purpose. To substantiate the methodological approach to the development of research components of the integrated system of complex economic analysis and internal control of the enterprise. Methodology. The main methods of this research are statistical methods, the latter being used for processing of statistic data; methods of formalization and mathematical simulation used for development of conceptual analysis base to control the enterprises activity. Findings. A complex model of diagnostics of enterprises activity in a competitive environment is proposed, which is based on the methodology of complex economic analysis with the use of financial and non-financial indicators. To assess the competitive advantages of the enterprise, we offer an algorithm to calculate an integrated indicator of the level of its competitiveness using a balanced scoring system. Originality. In the course of research, the scientific and methodological approach to a complex evaluation of influence of a research component on development of competitive strategy of the enterprise was developed. Unlike the existing ones, this approach involves: - development of an integrated system of complex economic analysis and internal control over business processes of enterprises with the use of modern information technologies, which allows assessing their competitiveness, forming a development strategy; - methodical procedures of internal control of the enterprise with the use of financial and operational budgets and management reports based on a balanced scoring system, using CVP-analysis, which allows forming flexible budgets. Practical value. The results of the study can be used by practitioners, scientists, government officials to monitor the development of the corporate architecture, to study enterprise development processes.
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Bezuglіy, Artem, Ihor Hresko, Olena Belska, Valentyna Kontseva, and Yuliya Bibyk. "FINANCIAL CAPACITY OF ROAD ENTERPRISES — AS ONE OF THE CRITERIA FOR PARTICIPATION IN THE PROCUREMENT PROCEDUR." Dorogi i mosti 2021, no. 24 (October 1, 2021): 8–19. http://dx.doi.org/10.36100/dorogimosti2021.24.008.
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Introduction. Financial capacity is a complex concept that is influenced by various financial and economic factors and is determined by the ability of the enterprise to perform its financial activities. One of the qualification criteria provided in [1] is the financial capacity availability, which is confirmed by financial statements. When fulfilling this criterion, enterprises are allowed to participate in the procurement procedure for performing of road works or services. Today, the analysis of financial condition according to the financial statements is a needed condition for evaluation the quality of financial and economic activities of the enterprise, and the determination of financial capacity of enterprises is essential and practical, because the economic level of the enterprise and the ability to analyze financial and economic activities depend on it. Problem statement. Requirements to the tender documents are set by the customer in order to verify the bidder, his ability to ensure the implementation of the procurement project and meet all the needed requirements. The customer needs to make sure that the public funds spent on the purchase will not be lost due to the financial problems of the contractor, as well as whether the contractor has sufficient financial capacity to perform road works. The criterion of financial capacity can be applied to any procurement, because it provides confirmation of the financial capabilities of the bidder. The need to consider this topic is to evaluate the financial capacity of road enterprises, the application of theoretical and practical approaches during the evaluation. Assessing and determining the level of financial capacity of road enterprises is an important task both in view of the needs of the enterprises themselves and in view of the customers of road works and services. Purpose. The purpose of the article is to highlight the theoretical and practical approaches to evaluation of the financial capacity of road enterprises, determination of the effectiveness of their activities based on the results of the evaluation and determination of bidders that will be allowed to participate in the procurement procedure. Given the need to establish the level of financial capacity as a result of the road company’s realization of its potential, it is important to identify and justify specific indicators of financial capacity and proposals for their practical application. Materials and methods. To determine the financial capacity of road enterprises, a set of scientific and methodological tools, economic and mathematical techniques and methods based on financial and statistical information about the activities of enterprises and indicators that affect it is used. In general, the procedure for evaluation of the financial capacity of road enterprises involves the following stages: collection of needed information and data on specific indicators that will characterize the financial state of the enterprise; calculation of indicators; comparing them with normative values. The financial statements of enterprises contain information on the state of enterprise finances, based on the analysis of which the main trends in the formation and use of financial resources of the enterprise, the reasons for changes, identifying strengths and weaknesses of the enterprise are determined, as well as reserves to improve financial condition in the future. It is for the assessment of the financial capacity of road enterprises a set of indicators for analyzing the financial condition of the enterprise is formed. Financial reporting data serve as a basis for calculating indicators. Results. The paper highlights the mechanism for evaluation of the financial capacity that will help to perform a comprehensive analysis of the financial activity of road companies and determine whether the company is allowed, given its financial capabilities, to participate in road works or services procurements. Evaluation of financial indicators and ratios will help for planning and forecasting the future activities of road companies for their participation in the procurement procedure for road works or services. Conclusions. When writing of the article provides an example of evaluation of the financial capacity, as well as its significance for the activities of road enterprises is determined. The coefficients and indicators proposed in the work can be used for objective evaluation of the financial capacity of road enterprises and will allow the following: to determine the degree of solvency of road enterprises, liquidity, the level of their financial stability and business activity, to determine their creditworthiness.
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Smerichevska, S., I. Miahkykh, S. Yeletskykh, S. Borysova, and V. Bryzhnychenko. "Financial and economic narratives for evaluation of innovative potential of enterprises." Naukovyi Visnyk Natsionalnoho Hirnychoho Universytetu, no. 1 (February 28, 2022): 145–52. http://dx.doi.org/10.33271/nvngu/2022-1/145.
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Purpose. Development of a methodological approach to the assessment of the enterprise innovation strategy and its modeling. Methodology. During the research, we used general and special methods: systematization for generalization of theoretical bases, comparative analysis and synthesis in order to clarify concepts, formal-logistical for the formation of a methodological approach, graphic-analytical method for visual presentation of research results; empirical research for the study of innovation potential, simulation and multiple regression modeling for the formation of strategic guidelines. Findings. The methodical approach of assessment of the enterprises innovative potential was grounded and the initiative model of choosing the strategy of enterprises was created, which allows analyzing quantitative indicators of structural elements of potential, assessing the level of development of each component. In the course of the research a methodical approach to assessing the intellectual potential of industrial enterprises has been developed. Originality. In contrast to the existing ones, this methodological approach provides: a comprehensive assessment of the innovation potential of industrial enterprises; econometric models for determining the components of the innovation potential of enterprises; the model of innovation strategy selection, which is an informational and analytical tool for working out the variants of strategies and development orients. It is proved that the implementation of the developed methodological approach will allow adopting an effective innovative strategy of enterprise development taking into account financial and economic narratives. Practical value. The results of the research can be used by practitioners, scientists, government officials (the Ministry of Economic Development and its structural divisions, local self-government bodies in the field of economics) for the development and implementation of innovation strategies, as well as for the development of managerial decisions in the field of innovation, increasing the value added, capitalization and level of competitiveness.
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Frunza, Svitlana, Olga Pavlova, Oksana Butkevych, and Alona Hora. "Efficiency of financial resources management of agricultural machine building enterprises." Problems of Innovation and Investment Development, no. 24 (April 24, 2021): 133–39. http://dx.doi.org/10.33813/2224-1213.24.2021.13.
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The purpose of the article is to study the impact of effective management of financial resources of agricultural machinery enterprises on the optimization of the use of enterprise resources to increase their competitiveness. Research methodology – in the process of research both general scientific methods (analysis, synthesis, concretization, classification) and special ones are used: system-structural and comparative researches, statistical-economic analysis. The scientific novelty lies in the substantiation of the importance of applying the system method to the management of financial resources of enterprises in this industry, which will increase the competitiveness of enterprises in domestic and foreign markets. The article considers the basics of financial resources management of agricultural machinery enterprises, identifies the stages of financial resources management. Difficult economic and political events in recent years have not escaped the field of agricultural engineering. Not only the business conditions of enterprises have changed, but also their number has decreased– the least competitive enterprises could not resist the influence of crisis factors and were forced to cease their activities, but such dynamics significantly limits Ukraine’s production potential and requires change due to active investment of inefficient enterprises. Conclusions. According to the results of the study, it is concluded that agricultural machinery under conditions of stable competition with the possibility of timely adaptation to changing market conditions, using the efficiency of financial resources management, is able to obtain strategic production stability and profitable sales. Rational organization and effective management of financial resources of an agricultural enterprise will have an impact on the financial and economic condition and competitive positions in the domestic and foreign markets of the enterprise during the management. Key words: financial resources, competitive enterprise, management, management system, agricultural engineering.
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Vovchak, О., І. Kulyniak, L. Halkiv, М. Pavlyshyn, and Т. Horbenko. "DEVELOPMENT OF CRISIS DIAGNOSTIC AT THE ENTERPRISE: FINANCIAL AND ECONOMIC BREAKDOWN." Financial and credit activity: problems of theory and practice 3, no. 38 (June 30, 2021): 292–303. http://dx.doi.org/10.18371/fcaptp.v3i38.237459.
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Abstract. The activity of enterprises in modern economic conditions is exposed to threats caused by the uncertainty of the market environment. One of the options for overcoming the crisis and reducing the level of economic risk for enterprises is to develop and implement effective anti-crisis measures, which should be implemented comprehensively and using the results of the continuous diagnostics. That is the reason why the purpose of the study is to develop the theoretical and methodological provisions for building a system for diagnosing crisis situations of enterprises. Unlike other approaches to building such a system, the authors focus on the calculation of an integrated indicator, partial indicators of which reflect the level of crisis situations in the enterprise by areas of origin, taking into account the provisions of the balanced scorecard (BSC). Systematizing the research of scientific sources, as well as taking into account the provisions of the balanced scorecard (BSC), the authors propose to distinguish depending on the scope of four components of the financial and economic crisis in enterprises: financial, operational (production), staffing and marketing crisis. It is proposed to diagnose the crisis of the enterprise by determining the integrated indicator using the analytic hierarchy process (T. Saaty method) and expert survey (to calculate the severity of crises and indicators), as well as the method of rationing (to bring indicators of crisis diagnostics, which are different by types, to a single information orientation and dimension). The system of indicators of diagnostics of financial, operational, staffing and marketing crisis at the enterprises is formed and for their further rationing, their characteristic values are defined. To generalize the level of crisis in the enterprise, the authors proposed to use the universal Harrington scale. According to this scale, the authors identified five levels of crisis in the enterprise and provided their characteristics.
Keywords: crisis state, financial crisis, operational crisis, staffing crisis, marketing crisis, Balanced Scorecard (BSC), indicators of crisis diagnostics, analytic hierarchy process.
JEL Classіfіcatіon Q01, G32, H12
Formulas:19; fig.: 0; tabl.: 11; bibl.: 27.
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Cherchyk, Larysa, Alexander Shubalyi, Nina Khumarova, and Artur Cherchyk. "Assessment of the level of economic security of forestry enterprises in the Ukrainian Polisia zone." Economics. Ecology. Socium 4, no. 2 (June 12, 2020): 52–67. http://dx.doi.org/10.31520/2616-7107/2020.4.2-6.
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Introduction. Under such conditions, the problem of assessing the economic security of enterprises is actualized, which is designed to identify threats that arise in the competitive environment and the internal environment of the enterprise, to identify strengths and weaknesses in the activities of the enterprise, on the basis of which management decisions are made at the strategic level, to prevent negative situations at the operational levels of enterprise management.
Aim and tasks. The purpose of the study is to assessing the economic security of forest enterprises in the Ukrainian Polissya region. Objectives of the study: generalization of scientific approaches to assessing the economic security of enterprises; determination of criteria for assessing the economic security of forestry; development and testing of methods for assessing the economic security of forestry in the Ukrainian Polissya region.
Results. The calculations show a high and sufficient level of economic security in the studied forestry enterprises. However, there is a decrease in financial security indicators, which requires the adoption of current and strategic management decisions to improve financial results and improve the financial condition of forestry enterprises. The main problem is the inefficient structure of exports, namely the predominance of products with low benefit and insufficient investment in the development of technical and technological base. The proposed system of criteria and indicators can be significantly expanded depending on the ability of researchers to obtain additional information about the economic activities of forestry enterprises.
Conclusions. A proposed method of assessing the level of economic security of forestry enterprises, which provides for determining the compliance of the current state of the business entity development goals (desired state), provides for the use of traditional indicators covering the main areas of economic activity of forestry enterprises. It is only important that the sample of forest enterprises is formed on the basis of belonging to the common forest area, similarity of forest area and forest area of these enterprises, as well as other factors that researchers may consider essential for the choice.
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Posnaya, Elena, and Alina Denisenko. "Influence of Macroeconomic Factors on the Management of the Enterprise’s Finance." Regionalnaya ekonomika. Yug Rossii, no. 4 (December 2019): 61–69. http://dx.doi.org/10.15688/re.volsu.2019.4.7.
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The paper assesses the relationship of macroeconomic processes and financial activities of enterprises, which require taking appropriate financial decisions. The authors carry out a brief analysis of the latest scientific publications on the macroeconomics impact on the strategy development for enterprises functioning in finance. The article assesses the role of analyzing macroeconomic factors in financial management of enterprises. The researchers identify the macroeconomic indicators that cause the necessity of a response from financial management. The authors analyze the influence of macroeconomic environment on the results of its activities and develop possible financial solutions that are adequate to the macroeconomic situation using the example of an existing enterprise. The problem of the influence of macroeconomic indicators on finances of domestic enterprises is explained by the fact that, in an unstable situation in the economic environment, negative results may arise in the activities of enterprises associated with the crisis of nonpayments, inflation, the fall in the national income, etc. In these conditions, it is advisable to make reasonable decisions in terms of confronting the crisis effects with an additional impact of such internal factors as the significant depreciation of fixed assets, the use of obsolete technologies with a low solvency level. The study proposes a mechanism for analyzing macroeconomic factors that affect the activities of a particular enterprise. The authors calculate the basic indicators of the activities of the operating enterprise and draw the conclusion on the relationship of their values with the main macroeconomic indicators using various financial analysis methods. The researchers identify and determine a close interconnection of strategic decisions made by the enterprise management taking into account the values of macroeconomic indicators and the enterprise’s financial results for several previous periods.
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IVASHCHENKO, Anna, Vladyslav BABIIETS, and Anastasiia BLORINA. "Improvement of the financial resources management system of tourist enterprises and methodological approaches to the analysis of the efficiency of their productivity." Economics. Finances. Law, no. 10/1 (October 26, 2020): 28–31. http://dx.doi.org/10.37634/efp.2020.10(1).6.
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The paper considers the conceptual basis of financial resources management of tourism enterprises. The essence of economic efficiency of tourist enterprises is revealed from the following aspects: definition of standards and efficiency indicators; their impact on the enterprise; process of management of financial resources of tourist enterprises. The system of management of financial resources for tourist enterprises is considered. Formulation of the problem. The current stage of economic development of the management of the financial system of tourism enterprises is becoming increasingly important, as financial resources are the main resources for the survival and development of enterprises. The purpose of the paper is to develop financial resource management systems for tourism enterprises and the main ways to improve it; in addition to studying the problems and generalizing the concepts related to the effective functioning of the tourism industry. It opens up new options for possible directions of development. Presentation of research material. In enterprises, financial resources are the object of financial management. One of its tasks is to make a number of decisions on the formation and operation of the best structure of financial resources to increase the company's profits. This method requires a lot of work on the analysis, as well as the results of the assessment of various situations: the state of the structure and use of financial resources; resource requirements and methods of resource use. Based on the findings of the analysis to develop several forecasts of financial resource management models. The modern set of indicators makes it possible to analyze the internal and external forms of economic efficiency. The practical significance of the obtained results can improve the quality of economic analysis of the efficiency of travel companies.
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Majdáková, Andrea, Blanka Giertliová, and Iveta Hajdúchová. "Prediction by financial and economic analysis in the conditions of forest enterprises." Journal of Forest Science 66, No. 1 (January 30, 2020): 1–8. http://dx.doi.org/10.17221/84/2019-jfs.
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Individual companies need to know their financial condition. They have a wide range of methods and procedures to create a system of the financial and economic analysis of a company. The analysis is focused on the evaluation of a specific group of methods for predicting the financial health of a business entity. Evaluations of the financial situation of a company are divided into point methods, mathematical and statistical methods and neural networks. The individual methods differ from each other in difficulty, in the extent of the analyzed areas and possibilities of application. The aim of this work is to assess the possibilities of using selected methods of comprehensive evaluation of companies as a tool for an analysis of the position of each company in the branch. The suitability and feasibility of each method are tested on a selected group of companies. Quick Test, Tamari Model, Beaver Model are included in this work. Based on the results, improvements and recommendations for the practical use were suggested. The results showed that the best predictive methods are Quick Test and Tamari Model, because they are quick and unequivocal when assessing the analyzed companies. An inappropriate prediction method is the Beaver model, which uses only two financial indicators to evaluate companies.
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Mishchenko, V., L. Taraniuk, and I. Domnina. "PREVENTIVE ASSESSMENT OF THE FINANCIAL CONDITION OF THE ENTERPRISE FROM THE POSITION OF POSSIBLE BANKRUPTCY RELEVANCE OF RESEARCH." Vìsnik Sumsʹkogo deržavnogo unìversitetu, no. 3 (2020): 45–53. http://dx.doi.org/10.21272/1817-9215.2020.3-5.
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Relevance of research. The actualization of the assessment of the financial condition of the enterprise from the standpoint of possible bankruptcy is indisputable, taking into account the impact of both external and internal factors on the work of the enterprise. The purpose of the study: to develop a methodological approach to preventive assessment of the financial condition of the enterprise, taking into account internal and external factors influencing its economic activity from the standpoint of possible bankruptcy. Methodology and scientific methods: methods of comparative analysis, economic-mathematical modeling, system approach are used. Research results: the article considers scientific trends and problems of assessing the financial condition of enterprises using different methodological approaches. The most well-known formed discriminant models of foreign and domestic scientists are characterized, taking into account their advantages and disadvantages in conducting economic assessment of the financial condition of enterprises. Features and possibilities of application of these models at the domestic enterprises of a machine-building complex are stated. The necessity to develop a dynamic operational model of preventive management is substantiated, which makes it possible to take into account both internal and external national factors and foreign indicators. Unlike the existing ones, this model considers not only financial indicators (profitability ratio, current liquidity ratio, asset turnover, autonomy ratio), but also their importance in the dynamics, as well as taking into account external factors of the country in which the company operates. A new methodological approach for assessing the financial condition of the enterprise with the inclusion of national factors of enterprises and performance indicators of foreign economic entities is proposed. The proposed method of assessing the company in the dynamics in relation to each time to the previous year in terms of bankruptcy characterizes the effectiveness of management and is a signal to take precautions regardless of the stage of the life cycle of the enterprise or its products. The information support of this model serves as a basis for the formation of the company's self-management system. Research framework / possibility of using the results: the proposed methodological approach has an international character and can be used by single-industry enterprises of different countries to assess their financial and economic, marketing, organizational, production, logistics activities, especially when looking for business partners. Practical significance: assessment of the bankruptcy probability index at 12 machine-building enterprises of Ukraine was carried out, conclusions were made on the location of enterprises in the bankruptcy zone. Social consequences: the results of this assessment lead to management decisions by the management of machine-building enterprises on the optimization of jobs, labor movement, internal and external staff rotation.
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Lyubenko, Andriy, Ruslana Shurpenkova, and Oksana Sarahman. "Increasing the financial stability of enterprises with the help of financial analysis tools." Herald of Ternopil National Economic University, no. 4(98) (February 20, 2021): 185. http://dx.doi.org/10.35774/visnyk2020.04.185.
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Introduction. In market conditions, the successful operation of the enterprise largely depends on the level of stability of its financial condition. If the company is financially stable, it has a number of advantages over other companies of the same profile to obtain loans, attract investment, in the selection of contractors and in the selection of qualified personnel. The higher the financial stability of the company, the greater it is regardless of changes in market conditions and, consequently, the lower the risk of bankruptcy. Therefore, the strategic goal of any business is to ensure financial stability.If the company is financially stable, solvent, it has a number of advantages over other companies of the same profile in obtaining loans, attracting investment, in choosing suppliers and in the selection of qualified personnel. The higher the resilience of the company, the more it is independent of unexpected changes in market conditions and, consequently, the lower the risk of bankruptcy.Purpose. To develop theoretical and methodological approaches to ensure the financial stability of enterprises based on the use of financial analysis tools.Methods. The study was conducted using general and special methods of cognition: observation, statistical, logical and comparative analysis, grouping, generalization and classification, systemic and structural approaches. The total analytical potential of the tools used ensured the reliability of the conclusions and recommendations obtained in the study. Results. The essence and significance of the financial stability of the enterprise are revealed, the directions of strengthening the financial stability of the enterprise by effective use of the tools of financial analysis are outlined. The main functional components that determine the economic stability of the enterprise and a system of measures that provides a timely response to deviations from the planned values of economic stability of the enterprise are identified.Prospects for further research. Prospects for further research are to deepen the methodological foundations of ensuring the financial stability of the enterprise through the tools of financial analysis and the formation of strategies and tactics to ensure the financial stability of enterprises.
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Murovana, Tetiana, and Vladyslav Paskhal. "Diagnosis of the crisis possibility and its effectiveness to maintain the financial stability of entrepreneurs." Economic Analysis, no. 29(4) (2019): 121–31. http://dx.doi.org/10.35774/econa2019.04.121.
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Introduction. Transformational changes in the national economy, its high level of dependence on the development trends of developed countries, and unstable financial situation require the search for effective tools for identifying and minimizing regulatory, financial, tax and reputational risks in business entities. The diagnosis of probability of crisis and bankruptcy is an effective tool for maintaining the financial stability of enterprises. Despite the large number of researchers and their achievements, the large number of methods and models for predicting the likelihood of bankruptcy, this problem is relevant, because no model can predict such external factors as political instability, natural disasters, worsening social- economic situation, or even the global economic crisis, as well as internal factors such as poor planning or inefficient management of the enterprise. Bankruptcy forecasting models (E. Altman model, model R and Tereshchenko model) have many disadvantages besides many advantages. The enterprise should choose a model that takes into account all the peculiarities of the economic development of the enterprise and trends in the markets in which it is presented. In addition, the assessment of bankruptcy should be performed not only in cases where the enterprise already has crisis phenomena, but also in order to prevent them from being diagnosed in a timely manner and preventing bankruptcy. Method (methodology). Methods of analysis of structure and series of dynamics were used in the research of the current state and tendencies of development of the business sector. Investigation of existing approaches to analyze the likelihood of a crisis in the enterprise and to identify the most effective of them was carried out using methods of synthesis, analysis and systematic approach. The study of the probability of bankruptcy at the enterprise is based on discriminant analysis (using the four-factor model R, five-factor Altman model, six factor Tereshchenko model). Results. Under the conditions of economic instability in Ukraine, there is a need to improve the financial stability and solvency of Ukrainian enterprises. This is possible by timely diagnosis of the likelihood of a crisis and, as a consequence, bankruptcy of enterprises. It is advisable to carry out the diagnostic process using the following stages: rapid analysis of early signs of crisis at the enterprise; economic evaluation and analysis of financial statements of the enterprise; analysis of the financial condition of the bustle of management; rating of enterprise activity; discriminant analysis of the probability of bankruptcy at the enterprise. Of the many existing models, the most effective models are proposed to be used: Altman model (in three modifications – for joint stock companies, for private companies that do not place shares in the stock market, for non-productive enterprises), model R and the Tereshchenko model. Bankruptcy forecasting models, in addition to their many advantages, also have their disadvantages. So the company should choose a model that takes into account all the peculiarities of the enterprise's economic development and trends in the markets in which it is presented. In addition, the assessment of bankruptcy should be performed not only when the enterprise is already in crisis, but also for financially sound enterprises in order to diagnose crisis events in a timely manner and prevent bankruptcy.
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Borisovna Frolova, Victoria, Olga Vladimirovna Dmitrieva, Vladimir Aleksandrovich Biryukov, Galina Mikhailovna Avramenko, and Konstantin Anatolievich Lebedev. "Development of Control System of Financial and Economic Results of an Enterprise." International Journal of Engineering & Technology 7, no. 4.38 (December 3, 2018): 167. http://dx.doi.org/10.14419/ijet.v7i4.38.24346.
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The paper presents the proposals for the development of control system of financial and economic results of an enterprise. It was proved that teamwork, corporate culture and high competence of the participants create the necessary conditions for the formation of new thinking and highly professional action. It was found that a company should create the atmosphere of creativity and necessary change including the removal of barriers to the team interaction, the improvement of teamwork vertically, horizontally and throughout the management structure. It was determined that models and methods as elements of the result management system are the main and formative components of the financial and economic results control system of enterprises itself since the functioning of the entire system and each of its elements depends on the choice of specific management models and methods or their combination.
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POSOKHOV, Ihor, and Olena CHEPIZHKO. "Scientific and methodological approach to risk assessment of financial and economic activity in managing the competitiveness of machine-building." Economics. Finances. Law 1/1, no. - (January 19, 2022): 20–24. http://dx.doi.org/10.37634/efp.2022.1(1).5.
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Introduction. The study found that in modern conditions, the development of scientific and methodological approach to assessing the risks of financial and economic activities in managing the competitiveness of machine-building enterprises is an urgent problem, the solution of which will increase the competitiveness of machine-building enterprises. The purpose of the paper is to develop a scientific and methodological approach to assessing the risks of financial and economic activities in managing the competitiveness of the machine-building enterprise. Results. Accounting for risks during the implementation of the production project for the production of machine-building products is one of the modern tools that accompany the process of effective use of key competencies to increase the competitiveness of machine-building enterprises. A scientific and methodological approach to assessing the risks of financial and economic activities in managing the competitiveness of the machine-building enterprise is proposed. Forecasting possible losses from the implementation of measures of the production project for the production of machine-building products will contribute to the effective accounting of risk factors and increase the level of economic stability during the implementation of the production project. Conclusions. The analysis of scientific publications on risk management at the enterprise and the development of scientific and methodological approach to risk assessment of financial and economic activities of machine-building enterprises. A scientific and methodological approach to assessing the risks of financial and economic activities in managing the competitiveness of the machine-building enterprise is proposed. Мeasures for timely forecasting and effective accounting of the probability of occurrence of risk factors will help maintain and increase the competitive advantages of the production project for the production of finished products of machine-building enterprises.
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SEMERUN, Liudmyla, Antonina PORKHUN, and Anna SHMYRINA. "Economic condition of the enterprise and its evaluation indicators." Economics. Finances. Law, no. 1/1 (January 27, 2021): 41–46. http://dx.doi.org/10.37634/efp.2021.1(1).8.
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Introduction. The effectiveness of enterprise management largely depends on an objective, timely and comprehensive assessment of its economic condition. Today there are a number of studies that define the financial condition of the enterprise and reveal the content of this economic category. However, there are some differences between the financial and economic components, so it is necessary to clarify the essence of the concept of "economic condition of the enterprise" and justify the indicators for its evaluation. The purpose of the paper is the research of the concept of "economic condition of the enterprise", formation of a system of indicators for its assessment and implementation of an integrated assessment of the economic condition of PJSC "Odeskabel". Results. The paper presents a theoretical generalization of the essence of the economic condition of the enterprise and provides an author's definition of this category. The economic condition of enterprises is a complex concept that reflects the condition of the enterprise in the process of activity and is characterized by a system of indicators that determine the financial position of economic entities, the efficiency of their operation and the level of competitiveness in the market. The system of indicators for assessing the economic condition of industrial enterprises is substantiated. The stages and methods of calculation of a complex integrated indicator are revealed, which takes into account the value of all components of the economic condition of the enterprise and allows to identify problem areas and take measures to neutralize them in the future. Conclusion. The developed integrated indicator for assessing the economic condition of industrial enterprises from the position of its relationship with financial stability, liquidity, efficiency and competitiveness allows you to make better management decisions to determine development priorities in accordance with the planned goals of the enterprise.
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Liu, Xiaoyang, and Jiaqi Zhang. "Research on Financial Performance Evaluation of Logistics Enterprises based on Factor Analysis." BCP Business & Management 18 (April 13, 2022): 6–13. http://dx.doi.org/10.54691/bcpbm.v18i.528.
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Financial performance uses objective data reflect the enterprises' existing operation capacity and predictable future development expectations, and it is an important sign whether enterprise strategy can contribute to financial performance. Based on this, this paper adopts the factor analysis model, takes 21 domestic listed logistics enterprises as the research objects, and focuses on the analysis and evaluation from four aspects: profitability, solvency, operation ability and growth ability, and carries out comparative study on various indexes of state-owned logistics enterprises and private logistics enterprises. The results show that the comprehensive financial performance of state-owned logistics enterprises is higher than that of private logistics enterprises overall, it reflects the overall situation when state-owned logistics enterprises have better financial benefits under the current domestic economic environment.
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Petrenko, Victoria. "FACTOR ANALYSES OF FINANCIAL STABILITY OF ECONOMIC SECURITY OF JOINT AGRICULTURAL ENTERPRISES." Economic Analysis, no. 27(4) (2017): 255–60. http://dx.doi.org/10.35774/econa2017.04.255.
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Introduction. The article deals with the issues of the relationship between financial sustainability of an enterprise and its level of economic security. The content of financial stability is considered. The author's definition is presented in this research. The main conditions of stability achievement are investigated. A logical scheme is presented. This scheme reflects the place of financial stability and financial security in ensuring economic security of the economic entity. The system of external and internal factors influencing financial stability and threatens financial stability and financial safety of the enterprise is considered. Purpose. The article aims to carry out the factor analysis of financial sustainability for the economic security of joint agricultural enterprises. Results. It has been established that internal factors, such as the availability of financial resources and financial position, the structure of capital, the ability of an enterprise to generate profits determine the level of its economic security and the ability to withstand the negative effects of external and internal threats. It has been substantiated the necessity to increase the financial stability with the purpose of growth of level of economic safety of the enterprise. On the basis of the conducted research, it has been proposed a matrix of risks that influence the financial stability and economic safety of the enterprise. It allows determining the probability of their manifestation and degree of influence. We have determined the economic, social, human resources, financial, organizational and economic, and innovative and production tools for improving the stability and financial security of the economic entity. The list of typical measures that have been considered in this article will allow making a plan to minimize adverse impacts and enhance financial sustainability and security.
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Zhou, Jing. "Analysis on the Integration of Supply Chain Based on Matlab." Applied Mechanics and Materials 556-562 (May 2014): 6731–35. http://dx.doi.org/10.4028/www.scientific.net/amm.556-562.6731.
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The enterprises financial supply chain not only includes the financial credit and payment, but also includes the procurement process. The modern enterprise supply chain cooperation culture includes the accounts payable processing, assumption of risk, suppliers’ cooperation, processing computer and network financial problems. In this paper, the relationship between supply chain integration and enterprise effect are analyzed by using MATLAB, the results show that when the lowest supply chain integration is 0.52, the minimum of enterprises income will be 1.35% growth rate; when the supply chain integration degree is 0.82, earnings growth will be up to the proportion of 15.46%, these illustrate that the enterprise supply chain cooperation culture have the great the influence on the overall profitability of enterprises, therefore we must pay attention to cooperation in the financial management of enterprise supply chain, which can improve the credibility of enterprises and economic efficiency.
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Hanna, KOVALOVA, Olena STANISLAVYK, and Oleksandr KOVALENKO. "Essence and calculation of financial potential of the enterprise." Economics. Finances. Law, no. 2 (February 26, 2021): 23–26. http://dx.doi.org/10.37634/efp.2021.2.6.
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Introduction. The activity of any enterprise is not possible without the use of skills and abilities of the organization of financial management. According to the current legislation, any commercial enterprise is created for profit. But making a profit can not be possible without proper management of the enterprise and calculation of its financial potential. In modern conditions, financial potential becomes a factor that determines the financial, investment, integration and other relations between enterprises of different sectors of the economy and forms of ownership. The purpose of the paper is to study the essence and to suggest ways of calculating the financial potential of the enterprise. Results. In the paper the important aspects of the financial potential of the enterprise are considered. The economic essence of the financial potential of the enterprise is revealed and its definition is formulated. It is shown that the availability and size of financial potential provide the enterprise with a certain location in the ranking of organizations, in the market of goods and capital. It is denoted that in modern economic conditions scientific and practical interest in clearly defining the financial potential of enterprises is growing. Ways of calculating the financial potential of the enterprise are proposed. According to the system approach, the financial potential of the enterprise is considered as the potential of the financial system of the enterprise. Conclusion. The financial potential of the enterprise is the inertia of self-development, independence and self-preservation of its financial system. The magnitude of the financial potential of the enterprise is the potential volume of accumulation, return, expenditure of financial resources due to its position (financial, economic, territorial, etc.) relative to other enterprises, as well as due to some other properties of the financial system. The key factors of effective management of financial potential are effective policy of formation, distribution and use of income, policy of management of active and passive capital and dividend policy of the enterprise.
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Rybakova, Tetiana. "Mechanism of financial regulation of business entities foreign economic activity." University Economic Bulletin, no. 51 (December 21, 2021): 128–36. http://dx.doi.org/10.31470/2306-546x-2021-51-128-136.
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Relevance of research topic. In modern conditions of globalization and strengthening the international integration processes, the enterprises foreign economic activity (FEA) acquires strategic importance for their further development. Formulation of the problem. Today, one of the problems facing business entities in their foreign economic activity is the lack of an effective mechanism for its financial regulation. Taking into account the leading role of financial and economic factors in the management of the foreign economic activity, such a mechanism would allow enterprises to implement effectively their foreign economic strategy and improve their competitive positions in the foreign markets. Analysis of recent research and publications. The problems of financial mechanisms and financial regulation are the subject of research in the professional scientific literature on the theory of finance. Certain issues related to the financial regulation of enterprises’ foreign economic activity are studied in scientific papers on foreign economic activity, financial management, foreign economic activity management, strategic management of the foreign economic activity. Selection of unexplored parts of the general problem. A thorough study must be conducted on the specifics of financial regulation of foreign economic activity at the level of business entities, as well as on the creation and functioning of a financial self-regulation mechanism in foreign economic activity. Setting the task, the purpose of the study. Developing a mechanism of financial regulation of business entities foreign economic activity, and studying its components, taking into account the peculiarities of financial regulation of foreign economic activity at the micro-level. Method or methodology for conducting research. System and structural approach, method of logical analysis, method of graphic analysis, method of comparison, method of structuring. Presentation of the main material (results of work). The paper substantiates the feasibility of creating a separate mechanism on the enterprises carrying out foreign economic activity, aimed at its financial regulation. Based on the analysis of the domestic legal framework and scientific research on foreign economic activity and enterprise finances, the features of financial regulation of business entities foreign economic activity are determined, which should be taken into account when building an appropriate mechanism. The mechanism of financial regulation of business entities foreign economic activity is developed and its components are investigated. The field of application of results. Scientific research of the problems of financial regulation of business entities foreign economic activity, the educational process (in the preparation of the relevant sections of textbooks and tutorials for courses "Finance", "Foreign economic activity"). Conclusions according to the article. When forming the mechanism of financial regulation of business entities foreign economic activity, the peculiarities of such a regulation at the business entities level should be taken into account. The structure of the mechanism of financial regulation of business entities foreign economic activity is built based on its belonging to the general mechanism of enterprise management, the mechanism of foreign economic activity management, the financial mechanism of enterprises, and the monetary-financial mechanism of foreign economic activity. The structure includes financial management of business entity foreign economic activity as a set of target, functional, providing, and management subsystems, as well as a subsystem of financial levers through which the influences on foreign economic activity are made, and a direct regulation subsystem. Along with the key role of state regulation, the enterprises’ managers must make and implement independent decisions, develop their own systems of financial regulation of foreign economic activity at the corporate level.
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BORTNIKOVA, Mariana, and Yuliia CHYRKOVA. "Formation of the enterprise financial resources management conceptual model in the process of foreign economic activity implementation." Economics. Finances. Law, no. 10/1 (October 29, 2021): 9–12. http://dx.doi.org/10.37634/efp.2021.10(1).2.
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Introduction. While carrying out production, economic and foreign economic activities, domestic enterprises face important issues of ensuring their financial stability and effective management of the financial resources’ formation, distribution and use process. The purpose of the paper is to build a conceptual model for managing the financial resources of an enterprise in the implementation of foreign economic activity, which will allow for high-quality diagnostics of financial resources at the stages of their formation, distribution and use. Results. The influence of globalization processes on the functioning of domestic business entities provides for a periodic renewal of the mechanism and model for financial resources management. The main constituent elements of the model for managing the enterprise financial resources are characterized, namely: the aim and main objectives; subjects of financial resources management; technology of financial resources strategic management at the enterprise; factors of influence on the management processes and the system of ensuring the financial resources management of the enterprise in the implementation of foreign economic activity. The technology of the company's financial resources strategic management has been developed. A conceptual model for managing the financial resources of an enterprise in the implementation of foreign economic activity has been formed, which considers organizational, functional and information support. Conclusion. The application of the financial resource management conceptual model in the practical activities of enterprises will ensure the achievement of the goals and objectives of the enterprise, contribute to the improvement of its financial condition and the movement of financial flows, as well as allow alternative management decision-making on the formation and implementation of the strategy for managing the financial resources of the enterprise in the conditions of new foreign markets development.
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Nazarova, Karina, Kostiantyn Bezverkhyi, Volodymyr Hordopolov, Tetiana Melnyk, and Natalіia Poddubna. "Risk analysis of companies’ activities on the basis of non-financial and financial statements." Agricultural and Resource Economics: International Scientific E-Journal 7, no. 4 (December 20, 2021): 180–99. http://dx.doi.org/10.51599/are.2021.07.04.10.
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Purpose. The purpose of the article is to study the degree of disclosure of information about the risks of economic activity of enterprises in non-financial statements and to find ways to improve the organization and methods of analysis of such risks based on the financial statements of companies.
Methodology / approach. The methodological basis of the study is a systematic approach, methods of generalization, comparison, abstraction, analysis, synthesis, induction and deduction, bibliometric analysis, cluster analysis, as well as methods of integrated economic analysis. The publications from the Scopus database, for 1988–01.04.2021, processed by VOSviewer software were the source of data for bibliographic and cluster analysis. The materials of the research on the state of disclosure of information about the risks of domestic enterprises of the food industry are based on their financial statements and management report.
Results. The article analyzes the state and degree of disclosure of information about the risks of economic activity in non-financial reports of domestic food industry enterprises. It is established that the enterprises of the studied industry most often provide information about the following risks: economic, currency, financial, political, legal, judicial, interest, personnel, price, commercial, as well as liquidity risk and market risk.
Originality / scientific novelty. Theoretical, methodological and organizational principles of risk analysis of companies based on non-financial and financial reports have been further developed. For the first time, we proposed our own approach to the methodology of analysis of such risks, based on financial reporting indicators. In particular, such analytical indicators include: financial risk – solvency, financial leverage; credit risk – investment coverage ratio, return on equity, return on assets; liquidity risk – coverage ratio, quick liquidity ratio, absolute liquidity ratio.
Practical value / implications. The practical value of the research is that the results obtained by the authors will contribute to the disclosure of information about the risks of economic activity of enterprises in non-financial statements. Analysis of the status and level of disclosure of information about the risks of domestic food industry enterprises in non-financial reports showed that most companies provided information about the following risks: economic, currency, financial, political, legal, judicial, interest, personnel, price, commercial, and risk liquidity and the risk of changes in market conditions. As a result, the author's methodological approach to the analysis of internal risks of the studied industry (credit, financial risks, liquidity risk) is proposed. The proposed methodology is based on the indicators of financial reporting and is part of a comprehensive risk analysis of the enterprise for the purposes of the risk management system.
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Scacun, Natalia, and Irina Voronova. "EVALUATION OF ENTERPRISE SURVIVAL: CASE OF LATVIAN ENTERPRISES." Business, Management and Education 16 (July 13, 2018): 13–26. http://dx.doi.org/10.3846/bme.2018.2482.
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Authors study the nature of insolvency both from the legal point of view and scientist position as well as updating tendencies of an insolvency of enterprises in recent years. The subject of the study has been selected company’s survival potential that is analyzed with financial ratio analysis using bankruptcy prediction models. Considering research results, authors identify models that are applicable to a particular industry. Authors put primary metal industry (NACE 24) for the study. The aim of the paper is to investigate the survival potential of enterprises by testing existing parametric models of insolvency forecasting and assessing their potential for use in the economic conditions of Latvia. During the investigation has been reviewed the concept of the financially healthy company and its relation with the main success development factors.
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Danilova, Elvira. "ASSESSMENT OF ECONOMIC SECURITY OF REALIZATION OF ECONOMIC POTENTIAL OF AIR TRANSPORT ENTERPRISES." Economic Analysis, no. 30(1, Part 1) (2020): 50–56. http://dx.doi.org/10.35774/econa2020.01.01.050.
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In the article is analysed the scientific views on the economic essence of the concepts "economic potential", "state of use of economic potential" and "economic security of use of economic potential". The author's understanding of the concept of "economic security of realization of economic potential" is given, the components and indicators of estimation of financial and production potential of aviation enterprise are defined. The state of liquidity, solvency, business activity of air transport enterprises of Ukraine (PJSC "Motor Sich", PJSC "International Airlines of Ukraine" and others in the period from 2015 to 2018) was assessed as components of the set of resources that form the economic potential of future enterprise development. Goal. The purpose of the article is to assess the economic security of the economic potential of airlines of Ukraine on the basis of resource-functional approach, analysis of indicators of financial and production potential of the air transport company. Method (methodology) of work. To assess the economic potential of airlines, a system of indicators for assessing the components of economic potential (production, financial, personnel, information, management, marketing and marketing) was used. Results. As a result of studying the essence of the concept of economic potential revealed its ability to reflect the achievability of economic security criteria, which gives grounds to consider the use of the concept of economic potential to reflect the state of economic security of the enterprise. Assessment of economic security of realization of economic potential of air transport enterprises allowed to draw a conclusion that the majority of airlines of Ukraine work in a zone of risk and critical danger.
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Husarov, Oleksandr, Olena Antyptseva, Kyrylo Husarov, and Olga Yurieva. "Economic development of industrial enterprises: motivation-oriented management methods." SHS Web of Conferences 67 (2019): 06021. http://dx.doi.org/10.1051/shsconf/20196706021.
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The article explores the main approaches to the concept of “motivation-oriented management”. The importance of applying motivation-oriented management for the economic development of industrial enterprises is proved. It is determined that the economic development of enterprises is an extremely important factor for the development and competitiveness of the state as a whole. It is noted that in present unstable economic conditions, an innovative approach is necessary for the development of industry. The main and secondary processes that arise in the process of introducing motivational activities in the enterprise are described. It is noted that when managing the economic development of an enterprise, one should focus only on improving its condition, which should be confirmed by certain achieved results. It is indicated that the performance indicators of motivation affect all economic indicators of the enterprise, in particular the level of financial development of industrial enterprises. Conclusions are made regarding the feasibility of introducing motivation-oriented management at Ukrainian enterprises for their economic development.
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Neseniuk, Y. S. "Economic Strategies of Innovative Competitiveness of Textile Industry Enterprises in the Categories of Costs and Results." Business Inform 11, no. 514 (2020): 109–18. http://dx.doi.org/10.32983/2222-4459-2020-11-109-118.
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The article is aimed at diagnosing the costs of textile industry enterprises and developing economic strategies for innovative competitiveness of enterprises focused on the growth of their results. In terms of dynamic approach to the growth rate of value added volumes the article allocates the following sub-sectors - leaders and outsiders. In terms of structural approach, it is shown that the bulk of the value added accounts for the production of other textile products, primarily the production of finished textiles, except clothing. The overall tendency of textile production to increase positive financial results during 2010-2019 is statistically proved. The sub-sectors with cumulative losses and the greatest contribution to the formation of the financial result of the textile industry are allocated. The tendency of all types of textile production to increase the proportion of profitable enterprises is identified. It is shown that there are no large enterprises in the textile industry, and the main share of the financial result is formed by medium-sized enterprises, except for the production of finished textile products, apart from clothing, and other textile products for technical and industrial purposes. The main economic strategies of innovative competitiveness of textile industry enterprises are substantiated.