scholarly journals Management of enterprise’s financial sustainability and improvement of its methods

2018 ◽  
Vol 2 (1) ◽  
pp. 1-14
Author(s):  
Galyna Azarenkova ◽  
Olena Golovko ◽  
Kateryna Abrosimova

The article is dedicated to the solution of the relevant issue, concerning management of enterprise`s financial sustainability. Financial sustainability assessment is one of the most important principles of enterprise`s activity, which provides information about financial capabilities of the company at the time of its evaluation and for the future. It is a requirement for the enterprise activity, which provides a high level of competitiveness, efficiency and intensity. Thus, the restoration and strengthening of financial sustainability is a priority task for the enterprise, a basic precondition for its effective functioning. The purpose of the research is to analyze financial sustainability and to improve the methods and approaches of its evaluation. The following methods were used in this research: financial and economic analysis, economic and mathematical modeling, analysis and synthesis, comparison. The main results of the study are following: the theoretical and essential characteristics of enterprise financial sustainability has been determined; the financial status of PJSC “Turboatom” has been analyzed; the taxonomic index of financial sustainability has been calculated and the forecast of its significance has been made, the approaches to increase enterprise financial sustainability have been proposed.

2020 ◽  
Vol 2 (47) ◽  
pp. 147-155
Author(s):  
Masalitina V ◽  
◽  
Gorobinska I ◽  
Mykitko V ◽  
◽  
...  

The article is devoted to the development of a mechanism for managing the financial stability of an enterprise, to determine its constituent elements and stages of its formation. The topicality of the chosen topic is explained by the fact that financial stability is one of the main conditions of vital activity, development and ensuring a high level of competitiveness of the enterprise, it affects the stability of the financial condition, the ability to fulfill their obligations; lack of financial sustainability can lead to loss of solvency of the enterprise, destruction of strategic potential and threat to its financial security. The object of study is the financial sustainability of the enterprise. The purpose of the study is to develop directions for improving the management system and measures to improve the level of financial stability of the enterprise through the study of theoretical and practical aspects of the problem. Research methods are the method of cognition, the method of system analysis, the method of analysis and synthesis, as well as the method of comparison. In the course of the research the mechanism of management of financial stability of the enterprise is developed, its main constituent elements are determined, the stages of its implementation are analyzed, specific tools that can be used in its implementation are studied, the main tasks of financial stability management are summarized and the indicators of evaluation of the degree of their fulfillment are summarized. The process of implementation of the mechanism of ensuring the financial stability of enterprises should be aimed at the solution of the main goals and objectives: ensuring the balance of assets and liabilities implies sufficient capital, flexible capital structure, organization of capital movements, provision of own capital to finance current assets; ensuring a balance of income and expenses implies a sufficient level of profitability, changing the structure of the expense of the economic process, increasing the volume of turnover; ensuring cash flow balances involves ensuring solvency, self-financing and creditworthiness, reducing receivables. Conclusions - the need for constant balancing of assets and liabilities, income and expenses, positive and negative cash flows is at the heart of the financial stability management policy. Solving the issue of financial stability will allow you to make effective management decisions on the choice of strategy for financial development and will lead to the stabilization of the economic situation and increase the efficiency of the enterprise. KEYWORDS: FINANCIAL SUSTAINABILITY, MANAGEMENT OF FINANCIAL SUSTAINABILITY, MECHANISM OF MANAGEMENT OF FINANCIAL SUSTAINABILITY.


2017 ◽  
pp. 142-154 ◽  
Author(s):  
A. Yusupova ◽  
S. Khalimova

The paper deals with the research devoted to characteristics of high tech business development in Russia. Companies’ performance indicators have been analyzed with the help of regression analysis and author’s scheme of leadership stability and sustainability assessment. Data provided by Russia’s Fast Growing High-Tech Companies’ National Rating (TechUp) during 2012-2016 were used. The results have revealed that the high tech sector is characterized by high level of uncertainty. Limited number of regions and sectors which form the basis for high tech business have been defined. Relationship between innovation activity’s indicators and export potential is determined.


Author(s):  
Orshanska Marіana

The purpose of the article is to determine the nature, characteristics and keyproblems of the main types of economic and legal instruments for the realizationof foreign direct investment (FDI). the methodological basis of the study is asystematic approach to the processing and compilation of statistics and indicators,as well as methods for their comparison, analysis and synthesis and a method offorecasting decisions on the use of investment potential to increase the attractivenessand volume of FDI attraction. The scientific novelty of the research lies in theanalysis of greenfield and brownfield strategies as the main forms of FDIimplementation, the disclosure of the content and interpretation of data on thereal state of FDI attraction, the search for opportunities to improve the investmentclimate and effective mechanisms for attracting foreign investors. conclusions. Itis confirmed that the investment attractiveness and rating of the country in theinternational market are the main factors for attracting investors. Inaccessibleinfrastructure, inefficient judicial system, high level of corruption and imperfectlegislation are the main obstacles that need to be overcome in order to attractforeign investors’ funds, providing a full package of assistance and support ateach stage of the implementation of investment projects. Greenfield and brownfield(M&A) are the most effective forms of FDI in order to achieve high growth ratesof the domestic economy, improve the level of population well-being andinternationally enter Ukraine. An analysis of the statistics on the effectiveness ofinnovative enterprise development projects, the characteristics of economic andlegal instruments indicate the gradual improvement of the investment climate andthe promotion of FDI inflows into the region’s economy through the implementationof greenfield and brownfield strategies. Examples of effective implementation ofthese strategies in the creation of new enterprises, companies of foreignrepresentation, which are expanding their capacity and entering new domesticmarkets are given. Examples of the brownfield strategy have been analyzed torestart existing and high-quality structural and organizational changes in inefficiententerprises, which have given impetus to improving the economic environment,investment attractiveness of the economy of the region and the country as a whole.


Climate ◽  
2021 ◽  
Vol 9 (2) ◽  
pp. 25
Author(s):  
Attila Buzási

Wine producers face several challenges regarding climate change, which will affect this industry both in the present and the future. Vulnerability assessments are at the forefront of current climate research, therefore, the present paper has two main aims. First, to assess two components of climate vulnerability regarding the Szekszárd wine region, Hungary; second, to collect and analyze adaptation farming techniques in terms of environmental sustainability aspects. Exposure analyses revealed that the study area will face several challenges regarding intensive drought periods in the future. Sensitivity indicators show the climate-related characteristics of the most popular grapevines and their relatively high level of susceptibility regarding changing climatic patterns. Since both external and intrinsic factors of vulnerability show deteriorating trends, the development of adaptation actions is needed. Adaptation interventions often provide unsustainable solutions or entail maladaptation issues, therefore, an environmental-focused sustainability assessment of collected interventions was performed to avoid long-term negative path dependencies. The applied evaluation methodology pointed out that nature-based adaptation actions are preferred in comparison to using additional machines or resource-intensive solutions. This study can fill the scientific gap by analyzing this wine region for the first time, via performing an ex-ante lock-in analysis of available and widely used adaptation interventions in the viticulture sector.


2021 ◽  
Vol 38 (4) ◽  
Author(s):  
Olga Kalaman ◽  
Tetiana Stupnytska ◽  
Yurii Melnyk ◽  
Karine Doicheva

The purpose of the presented research is to analyze, systematize and formulate an enterprise strategy based on the analysis and synthesis of opportunities and threats of the external environment in combination with its strengths and weaknesses. Unconventional structuring of SWOT-factors, as well as their local synthesis for determination of the driving and inhibiting forces of the enterprise, has been offered. Ways to identify trends and patterns of external and internal environment based on a generalized model of SWOT-factors have been identified. Decisive in formulating a strategy (self-organized in nature) is a harmonization model of the goals system. General theoretical methods (analogy, abstraction, analysis and synthesis, idealization, imaginary modeling) and practical methods of research (observation, comparison, matching, analysis of statistical and other indicators) were used to solve the problems of the research. Methods such as empirical, statistical, graphical, etc. were used to process and summarize information.Thus, the approach study to the enterprise strategy formation based on the analysis and synthesis of the environment opportunities and threats in combination with its strengths and weaknesses allows to state that the development of a common structured list of major areas of enterprise activity is carried out taking into account the synthesis of all SWOT-analysis of the brand product, competitors and market segments, which allows the company to achieve a certain specific purpose of its activities.


2003 ◽  
Vol 12 (5) ◽  
pp. 512-522 ◽  
Author(s):  
Melissa Markaridian Selverian ◽  
Ha Sung Hwang

In an attempt to understand better the unique characteristics of an increasing popular, prevalent form of sense-engaging and interactive multimedia learning experience often called the “virtual learning environment” (VLE), this study systematically evaluates and analyzes the findings of seventeen original research studies in terms of technologies, teaching strategies, presence, and learning. This evaluation identifies potentially significant relationships among these variables in VLEs with both low-and high-level learning objectives, from memorization and repetition to analysis and synthesis. The findings suggest, first, that, when technologies and teaching strategies are presented through a one-way immersion of the senses, learners most often respond with experiences of spatial presence; when technologies and teaching strategies are socially interactive in format, learners most often respond with experiences of social presence. This evaluation, importantly, suggests that levels of spatial presence may correlate with the achievement of lower-level learning objectives, that levels of social presence may correlate with the achievement of higher-level learning objectives, and that levels of spatial and social presence together may correlate most strongly with the achievement of higher-level learning objectives. The evaluation, finally, identifies a need and establishes a course for the consideration of presence in future VLE design and research.


2020 ◽  
Vol 13 (2) ◽  
pp. 69-78
Author(s):  
T. I. Demidenko ◽  
Yu. S. Zharkova ◽  
E. I. Brichka

The need to ensure economic security in the context of globalization is based on the stable and safe development of all spheres of society. The financial market is the most large–scale and vulnerable area of the economic life of society, in this regard, it is relevant to study the threats affecting the activities of entities in the financial market, namely the role of economic risks in the financial market as an element of ensuring the country’s economic security. The methodological instruments of the work is based on the use of general methods of scientific knowledge, used both at the empirical and theoretical level: comparison, abstraction, modeling, analysis and synthesis. The article analyzes the risk factors of the Russian financial market since 2014, which allowed us to draw conclusions and formulate possible measures to reduce risks in the financial market that can expand the country’s economic security.


Author(s):  
Paula Gomes dos Santos ◽  
Carla Martinho

Public governance must ensure financial sustainability. This investigation aims to assess Portuguese local governments financial sustainability as the ability to service the upcoming obligations in commercial transactions (under the Late Payment Directive framework) and to study if accounting information enables public local governance with greater transparency and accountability about their financial sustainability. The study will focus on the 308 Portuguese local governments from 2009 to 2017. The number of local governments with average payment periods (PMPs) within 30 days had an increasing tendency. However, their adjusted average payment periods greatly exceed the 30 days, which means limited financial sustainability. In 2017, only 29% of the local governments have an adjusted PMP within 30 days against the 63% if it is used the officials PMPs. Therefore, accounting information does not enable public governance with greater transparency and accountability about Portuguese local government financial sustainability.


Sign in / Sign up

Export Citation Format

Share Document