scholarly journals Assessment of financial security level: a case study for the organization OJSC “Sintez”

2016 ◽  
pp. 83-84
Author(s):  
Anna Sergeevna Trapeznikova ◽  
◽  
Mariya Sergeevna Stromko ◽  
Keyword(s):  
Security Level ◽  
Financial Security

scholarly journals Financial Sustainability Evaluation and Forecasting Using the Markov Chain: The Case of the Wine Business

2020 ◽  
Vol 12 (15) ◽  
pp. 6150 ◽  
Author(s):  
Nataliya Rekova ◽  
Hanna Telnova ◽  
Oleh Kachur ◽  
Iryna Golubkova ◽  
Tomas Baležentis ◽  
...  
Keyword(s):  
Markov Chain ◽  
Transition Probabilities ◽  
Probabilistic Approach ◽  
Financial Sustainability ◽  
Security Level ◽  
Financial Security ◽  
Transition Matrices ◽  
Level Transition ◽  
A Company

This paper proposes a framework for assessing the financial sustainability of a wine producing company. The probabilistic approach is used to model the expected changes in the financial situation of an enterprise based on the historical trends. The case of an enterprise in Ukraine is considered as an illustration. The Markov chain is adopted for the forecasting exercise. Using the Markov chain framework allows one to predict the probability of financial security change for several periods ahead. The forecast relies on the transition probabilities obtained by exploiting the historical data. The proposed framework is implemented by construction of the financial security level transition matrices for three scenarios (optimistic, baseline and pessimistic). The case study of a Ukrainian wine producing company is considered. The possibilities for applying the proposed method in establishing anti-crisis financial strategy are discussed. The research shows how forecasting the financial security level of a company can serve in anti-crisis financial potential buildup.

Real Time Experience of Participants in Higher Education During The Coronavirus: A Case Study

2021 ◽  
Vol 36 (1) ◽  
pp. 51-70
Author(s):  
Randa Khair Abbas ◽  
Eman Abu Hanna Nahhas ◽  
Khawla Zoabi ◽  
Ibtisam Marey-Sarwan ◽  
Hanadi Abu Ahmad
Keyword(s):  
Higher Education ◽  
Real Time ◽  
Administrative Staff ◽  
Financial Security ◽  
Time Experience ◽  
New Learning ◽  
New Knowledge ◽  
Self Discovery ◽  
Depth Interviews

This case study explored the real-time experience of participants in the Arab Academic College for Education in Haifa, Israel, during the coronavirus pandemic. Twenty in-depth interviews were conducted with management, administrative staff, faculty and students. Participants' stories reveal that feelings of stress and isolation gave way to new learning and self-discovery, a new relationship with time, and the creation of new knowledge on the personal and institutional levels. Strong, coordinated leadership, combined with legal and financial security, facilitated the transition to online learning and allowed the college to emerge from the crisis successfully. Implications are drawn for dealing with future crises.

How to Estimate Security – Problem Analysis

2020 ◽  
Vol 33 (33) ◽  
pp. 217-240
Author(s):  
Grzegorz Pilarski
Keyword(s):  
Terrorist Attack ◽  
Estimation Method ◽  
Research Problem ◽  
Decision Makers ◽  
Security Level ◽  
Problem Analysis ◽  
Short Period ◽  
Security Problem ◽  
Descriptive Method

Background: The article presents a method of estimating the security level which indicates how probable it is for a phenomenon to occur. Objectives: The author attempts to answer the question: How do we estimate security? Decision makers usually need percentage showing the probability of an incident taking place in the future. This information is needed in the first place, later decision makers can use more descriptive information. Methods: The research problem concerns the assessment of security using the estimation method. Depicting security in numbers is difficult, thus the descriptive method is also usually applied. The estimation method facilitates the assessment. It is helpful since it is partly done by calculation and partly by guessing or approximation. Based on a case study analysing whether a terrorist attack may occur, the author also used tools such as averaging expert predictions, scenario analysis and risk analysis. Results: This article provides a view on forecasting security, which results in a method of estimating the level of security. Conclusions: The author presents an approach which allows to initially estimate the security level of the analyzed phenomenon in a relatively short period of time.

scholarly journals ASSESSMENT OF THE FINANCIAL SSESSMENT OF THE FINANCIAL SECURITY LEVEL OF UKRAINE

2021 ◽  
Vol 17 (6) ◽  
pp. 3-12
Author(s):  
O. KALINICHENKO ◽  
V. LESYUK
Keyword(s):  
National Economy ◽  
Large Scale ◽  
Foreign Currency ◽  
Well Being ◽  
The State ◽  
Security Level ◽  
Financial Security ◽  
Mathematical Methods ◽  
Security Strategy ◽  
Banking Systems

Introduction. In the context of the development of globalization processes and the integration of the national economy into the global financial space, the issue of forming the financial security of Ukraine becomes increasingly important. It affects and links together all sectors of the national economy, business entities, society, politics, finance, etc.Problem Statement. At the present stage of Ukraine's economic development, one of the primary task of government policy is to ensure the financial security of the state, after all, its ensuring aims at overcoming the economic crisis and improving the well-being of Ukrainian citizens.Purpose. The assessment of the financial, monetary, and banking systems of Ukraine as well as the development of practically significant proposals are necessary for ensuring the financial security of Ukraine.Materials and Methods. The analytical material is the data of the National Bank of Ukraine, which have been studied by economic and mathematical methods, statistical and indicative analysis.Results. It has been determined that the state budget imbalance is the main destabilizing factor of the crisis in public finance. The dynamics of the number of banks in Ukraine have been studied: despite a decrease in the number of banks with foreign capital, their share in recent years has increased significantly, which hinders theeffective development of the banking system of Ukraine. A significant underestimation of the domestic currency and large-scale devaluations in the previous years created unfavorable conditions for Ukrainian exporters, which resulted in a foreign trade balance deficit, an outflow of foreign currency and, accordingly, a decrease in theforeign exchange reserves.Conclusions. The financial security strategy should determine the prospects for ensuring the stability of the financial, monetary, and banking systems and the development of the national economy. The implementation of financial, currency, credit measures, the adoption of amendments to the legislative framework, and the development of a financial security strategy for Ukraine become increasingly important, given the problems that exacerbate the financial security of Ukraine.

scholarly journals Forecasting the level of financial security of the country (on the example of Ukraine)

2018 ◽  
Vol 15 (3) ◽  
pp. 304-317 ◽  
Author(s):  
Józef Antoni Haber ◽  
Alina Bukhtiarova ◽  
Svitlana Chorna ◽  
Olesia Iastremska ◽  
Tetiana Bolgar
Keyword(s):  
Regression Analysis ◽  
Financial System ◽  
Economic Security ◽  
Main Element ◽  
Security Level ◽  
Financial Security ◽  
Security Assessment ◽  
Economic Relations ◽  
Banking Market

In the conditions of functioning of economic relations, which arise between subjects of the financial system of Ukraine, the question of creating safe conditions for their activity is increasingly being raised. Attention is paid to the investigation of the state of financial security of the country as a component of economic security, in terms of its key elements, which allows attention to the most important indicators and to develop measures to prevent existing threats.The purpose of the paper is to forecast the level of financial security of the country based on regression analysis of impacts factors. The object of the study is the financial system as a mechanism, which is aimed at the activities of financial security subjects of the country to ensure its proper level. As a result of the regression analysis, it was found that changing in the country’s banking security by 1% will decrease the overall financial security index by 0.04 points, while the non-banking market will grow by 0.07 and the monetary component will decrease by 0.51.Based on the calculation of the arithmetic mean of absolute deviations of independent variables, the estimated value of Ukraine’s financial security level is calculated, which is 40.09% in 2018.Proposals for improving the “Methodological Recommendations for Calculating the Level of Economic Security of Ukraine” will help to solve the problem of mathematical substantiation of the choice of indicators for assessing financial security, minimize risks, eliminate subjectivity and improve the efficiency and the quality of the country’s financial security assessment methodology.The article deals with the issues of the financial component of economic security as the main element of ensuring sustainable financial development of the country.

scholarly journals FINANCIAL SECURITY OF THE ENTERPRISE: AN ALTERNATIVE APPROACH TO EVALUATION AND MANAGEMENT

2021 ◽  
Vol 19 (02) ◽  
pp. 303-336
Author(s):  
Larysa Dokiienko
Keyword(s):  
Sunflower Oil ◽  
Financial Stability ◽  
Methodological Approach ◽  
Oil Production ◽  
Financial Statements ◽  
Security Level ◽  
Financial Security ◽  
Financial Indicators ◽  
Scientific Publications ◽  
Alternative Approach

Purpose – The main purpose of the article is to justify an alternative approach to assessing the level of financial security of the enterprises based on use the model of modified and adjusted financial statements. Research methodology – The following methods of general theoretical and empirical research were used in the writing of the article: abstract-logical (when systematizing scientific publications on the problems of financial security management of enterprises), comparisons and grouping (when developing and validating a model of modified financial statements), coefficient (when considering and using models for adjusting modified financial statements), grouping (when clustering enterprises depending on the results of the analysis), formalization (when developing a matrix for diagnosing the level of financial security of enterprises), generalization (when formulating research findings). Findings – Based on an established sample from nine of sunflower oil production enterprises of Ukraine their modified financial statements have been developed, it was adjusted to the consumer price index, key financial indicators of the model have been identified and the level of their financial security over the past 7 years have been assessed. The research identified a direct relationship between the level of financial security of enterprises and key financial indicators: financial stability, solvency and financial risk. Also, the proposed methodological approach can be not only an important tool for diagnosing the level of financial security of enterprises, but also its forecasting. Research limitations – The research limitation is associated with sampling size and geographical scope. Also, the diagnostic results may differ depending on the chosen adjustment base, determination of adjustment method and selection of inflation measurement method for the modification financial statements. Practical implications – Practical use of the proposed model proves that it is a convenient, simple, understandable and effective tool for diagnosing the financial security level of enterprises in terms of the main components: financial stability, solvency, and risk. The use of the proposed approach to the assessment of the financial security of the enterprise can serve as an indicator of the overall efficiency of its management at sunflower oil production enterprises and as an informative tool for factor analysis. Originality/Value – Consideration of a significantly different, alternative approach that allows enterprises to quickly and easily diagnose the level of their financial security; to manage it effectively during the current period, and can also become the basis for the formation of strategic directions of financial development and forecasting of the level of financial security for prospective period.

scholarly journals Improving the Methodology for Assessing the Level of Financial Security of Agricultural companies

2020 ◽  
Vol 7 (2) ◽  
pp. 40-47
Author(s):  
I. D. Anikina ◽  
E. P. Kucherovа ◽  
E. S. Karevа
Keyword(s):  
Additive Model ◽  
Practical Significance ◽  
Modern Concept ◽  
Security Level ◽  
Financial Security ◽  
Agricultural Producers ◽  
Agricultural Enterprises ◽  
Security Industry ◽  
Medium Level ◽  
Security Levels

The paper is devoted to the study of approaches to assessing the financial security level of agricultural companies and their improvement. The methodological base of the research is a modern concept of financial security and enterprise sustainability. The methods review for assessing financial security is carried out, also industry characteristics of enterprises are studied. The result of the work is the development of a methodology for assessing the financial security level of organizations. Such methodology’s topicality is represented in the additive model, which includes four integral indicators: profitability, financial sustainability, solvency and business activity. The total of all integral indicators, taking into account the coefficients, is the final rate of an organization’s financial security. The authors distinguish three financial security levels, which are: critical, medium and high. The minimal coefficients, suggested by the legislation and minimal indicators adjusted according to the agricultural enterprises’ specificity have been given to calculate the critical level. The medium level is determined by the calculation of the agricultural producers’ financial security industry average over the last 5 years. The high financial security group includes the enterprises with the indicators exceeding the medium indicators. The theoretical and practical significance of the study lies in the fact that the proposed methodology makes it possible to assess the level of financial security of agricultural enterprises taking into account the industry specifics of their activities, including for further competitive analysis.

scholarly journals “My 9 to 5 Job Is Birth Work”: A Case Study of Two Compensation Approaches for Community Doula Care

2021 ◽  
Vol 18 (20) ◽  
pp. 10817
Author(s):  
Anu Manchikanti Gomez ◽  
Stephanie Arteaga ◽  
Jennet Arcara ◽  
Alli Cuentos ◽  
Marna Armstead ◽  
...  
Keyword(s):  
United States ◽  
San Francisco ◽  
Qualitative Interviews ◽  
The United States ◽  
Financial Security ◽  
Organizational Leaders ◽  
Labor Conditions ◽  
Additional Support ◽  
Structural Solutions

With the increased policy emphasis on promoting doula care to advance birth equity in the United States, there is a vital need to identify sustainable and equitable approaches for compensation of community doulas, who serve clients experiencing the greatest barriers to optimal pregnancy-related outcomes. This case study explores two different approaches for compensating doulas (contractor versus hourly employment with benefits) utilized by SisterWeb San Francisco Community Doula Network in San Francisco, California. We conducted qualitative interviews with SisterWeb doulas in 2020 and 2021 and organizational leaders in 2020. Overall, leaders and doulas reported that the contractor approach, in which doulas were paid a flat fee per client, did not adequately compensate doulas, who regularly attend trainings and provide additional support for their clients (e.g., referrals to promote housing and food security). Additionally, this approach did not provide doulas with healthcare benefits, which was especially concerning during the COVID-19 pandemic. As hourly, benefited employees, doulas experienced a greater sense of financial security and wellbeing from receiving consistent pay, compensation for all time worked, and benefits such as health insurance and sick leave, allowing some to dedicate themselves to birth work. Our study suggests that efforts to promote community doula care must integrate structural solutions to provide appropriate compensation and benefits to doulas, simultaneously advancing birth equity and equitable labor conditions for community doulas.

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