scholarly journals ESTIMATION OF FINANCIAL STABILITY OF AGRARIAN ENTERPRISES IN UKRAINE

2021 ◽  
pp. 40-52
Author(s):  
Nadia Davidenko ◽  
Natalia Wasilewska
Keyword(s):  
Risk Management ◽  
Financial Stability ◽  
Financial Sustainability ◽  
Enterprise Integration ◽  
Financial Decisions ◽  
Agricultural Enterprises ◽  
Factors Influencing ◽  
Governance Systems ◽  
The Face ◽  
Strategic Goals

In this paper the system of factors influencing the formation of financial solvency was investigated, the financial sustainability of agricultural enterprises of Ukraine was evaluated, and an approach was developed to define and help ensure the financial sustainability of enterprises in the face of contemporary economic and market challenges. According to the research, the main principles for maintaining financial sustainability are: responsiveness to internal and external changes; governance systems; risk management; analysis of financial ratios; real assessment of the financial solvency of the enterprise; integration with the overall management system; orientation towards achieving the strategic goals of the enterprise; use of qualitative methods to inform financial decisions in the face of uncertainty and risk.

scholarly journals Organizational and Managerial Mechanism for Risk Management of Agricultural Enterprises

2021 ◽  
Vol 273 ◽  
pp. 08005
Author(s):  
Karine Barmuta ◽  
Nalbiy Tuguz
Keyword(s):  
Risk Management ◽  
Financial Performance ◽  
Comprehensive Analysis ◽  
Risk Exposure ◽  
Agricultural Enterprises ◽  
Factors Influencing ◽  
Financial Strength ◽  
Grain Products ◽  
Cattle Meat ◽  
Managerial Mechanism

The article highlights issues related to the study of the approach to assessing and analyzing the risks of agricultural enterprises. An approach to conducting a full-fledged comprehensive analysis of risks and factors influencing them with the help of indicators for assessing financial performance is described. An algorithm for assessing risks based on calculating the dependence of the size of assets, the margin of financial strength and the leverage of production leverage and its effect is considered. The methodology and results of research on the practical study of farms in the Krasnodar Territory in terms of the level of financial strength in grain products and cattle meat are presented. Conclusions are made about the degree of risk exposure of these types of industries, the features of the results of diversification in agriculture are revealed.

scholarly journals FACTORS OF THE INFLUENCE ON FINANCIAL STABILITY OF AGRICULTURAL ENTERPRISES

2020 ◽  
pp. 301-308
Author(s):  
Olena Bazilinska ◽  
Olena Panchenko ◽  
Viktoriia Surovets
Keyword(s):  
Financial Stability ◽  
Agricultural Sector ◽  
Developed Countries ◽  
Agricultural Enterprises ◽  
Current State ◽  
Factors Influencing ◽  
Agricultural Business ◽  
Stability Modeling

The article reveals the importance of analyzing financial stability for the development of agricultural enterprises in Ukraine and improving the country's economy as a whole. Based on the study of the current state of the agricultural sector by the main indicators and their comparison with developed countries, its features and main problems were determined. In addition, the analysis of the main indicators of financial stability for the largest enterprises in the agricultural sector was carried out and the factors influencing their dynamics were determined, as well as forecasting the profitability of the agricultural business using financial stability modeling.

scholarly journals APPROACHES TO ASSESSING THE FINANCIAL SUSTAINABILITY OF HIGH-TECH ENTERPRISES IN MODERN CONDITIONS

2018 ◽  
pp. 11-15
Author(s):  
A. S. Mikaeva ◽  
Yu. B. Nadtochiy
Keyword(s):  
Performance Indicators ◽  
Financial Stability ◽  
High Tech ◽  
Financial Sustainability ◽  
Close Attention ◽  
Term Operation ◽  
Financial Condition ◽  
The Face ◽  
And Function

In modern conditions, enterprises of the high-tech sector of the economy (which is an indicator of the development of countries in the field of high technologies) have an important task - improving their financial condition. A stable financial condition is one of the performance indicators of any enterprise, the basis of its long-term operation. Improving the financial sustainability of high-tech enterprises, assessing and analyzing the sustainability of their financial condition in recent years have become the object of close attention, both theorists (scientists) and practitioners (entrepreneurs). The tightening of requirements for the financial sustainability of high-tech enterprises is partly due to economic globalization and the effects of the financial crisis. The article provides an overview of existing approaches to assessing the financial sustainability of domestic high-tech enterprises, and considers a comprehensive methodology for assessing the financial sustainability of modern enterprises. It is important to note that it is necessary to take timely measures to preserve the favorable financial condition of the company, or else measures to identify, analyze and eliminate the factors indicating deviations. Possessing the necessary, sufficient level of financial stability, enterprises of high-tech industries have the ability to successfully and effectively develop and function, even in the face of tough competition and economic instability.

scholarly journals THEORETICAL ASPECTS OF ASSESSMENT OF FINANCIAL SUSTAINABILITY OF AGRICULTURAL ENTERPRISES

2021 ◽  
Author(s):  
Oksana Pavlenko ◽  
◽  
Diana Kogushko ◽  
Keyword(s):  
Financial Stability ◽  
Agricultural Development ◽  
Legal Framework ◽  
Normative Values ◽  
Financial Sustainability ◽  
Agricultural Enterprises ◽  
Financial Condition ◽  
Agricultural Enterprise ◽  
The Absolute ◽  
High Level

The article examines the essence of the concept of “financial stability of the enterprise” and different views on its interpretation by domestic scientists. The methodical bases of an estimation of financial stability of the enterprise to which calculation and the analysis of absolute indicators and relative indicators most often belong are considered. Their explanations, formulas for calculation and normative values of these indicators are given. Theoretical aspects of the influence of factors on the provision of financial stability are also given, because this is one of the most important conditions for life, development and further stable provision of a high level of competitiveness of the enterprise. Namely, the factors that are divided into independent of the enterprise and those that directly depend on the internal situation and development of the enterprise were considered. The existing methods of analysis of financial stability of the enterprise are considered and explained. The main ones are aggregate, coefficient, margin, point, balance, integral and factorial methods, as well as the most suitable methods for determining the financial stability of the agricultural enterprise. The application of the main indicators of financial stability of an agricultural enterprise as an indicator of financial stability of the enterprise and solvency is given and substantiated. The main types of financial stability of the enterprise are also given and explained, namely the absolute type, normal, pre-crisis and crisis. The main tasks and prospects of agricultural development are determined. In addition, the main problems in the calculation of indicators and the overall assessment of the financial condition of the agricultural enterprise are identified. The issues that need urgent solution and improvement are proposed to further improve the financial stability of the agricultural enterprise. The main ones are the improvement of the legal framework of Ukraine, to improve the regulation of relations between participants in agriculture, the development of new indicators for assessing the financial condition of agricultural enterprises and revision of regulatory values of these indicators in connection with the specifics of this industry.

scholarly journals FACTOR ANALYSES OF FINANCIAL STABILITY OF ECONOMIC SECURITY OF JOINT AGRICULTURAL ENTERPRISES

2017 ◽  
pp. 255-260
Author(s):  
Victoria Petrenko
Keyword(s):  
Financial Stability ◽  
Economic Security ◽  
Financial Sustainability ◽  
Financial Security ◽  
Negative Effects ◽  
Logical Scheme ◽  
Internal Factors ◽  
Agricultural Enterprises ◽  
Economic Entity ◽  
Conditions Of Stability

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.

MONITORING AND CONTROL OF FINANCIAL STABILITY AND ECONOMIC SECURITY OF AGRICULTURAL ENTERPRISES

2019 ◽  
pp. 24-31
Author(s):  
Oleksiy GAVRILENKO
Keyword(s):  
Financial Stability ◽  
Food Industry ◽  
Economic Security ◽  
Financial Sustainability ◽  
Monitoring And Control ◽  
Agricultural Enterprises ◽  
Agricultural Enterprise ◽  
The Matrix ◽  
Stability Type ◽  
And Control

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.

scholarly journals Improving the efficiency of corporate management of agricultural enterprises

2021 ◽  
Vol 262 ◽  
pp. 03001
Author(s):  
Sergey Yekimov ◽  
Vladimir Purtov ◽  
Ievgen Buriak ◽  
Dmytro Kabachenko ◽  
Anastasiia Poltorak
Keyword(s):  
Financial Stability ◽  
Financial Analysis ◽  
Management Accounting ◽  
Analysis Data ◽  
External Factors ◽  
Corporate Management ◽  
Financial Indicators ◽  
Agricultural Enterprises ◽  
Agricultural Enterprise ◽  
Strategic Goals

Financial indicators play an important role in the management of an agricultural enterprise. the tasks of the management of the agricultural enterprise are to control the efficiency of employees and maintain the financial stability of the enterprise. In this paper, the problem of ensuring effective management of an agricultural enterprise was investigated. The activity of an agricultural enterprise depends on the influence of external factors: political and legal, technical and economic, ecological and economic, demographic, socio-cultural. We studied the question of how to take into account the influence of variable external factors in the management of an agricultural enterprise. Traditional methods based on financial analysis data, in our opinion, do not fully reflect the situation in the agricultural enterprise. International management accounting standards are optional, but they allow for the use of more flexible indicators in management accounting that take into account the activities of a particular agricultural enterprise. This will facilitate short - and medium-term planning at the agricultural enterprise and facilitate the achievement of the enterprise’s tactical and strategic goals.

OPTIMIZATION METHODS OF FINANCIAL SUSTAINABILITY OF THE ENTERPRISE DURING THE CRISIS

2021 ◽  
Vol 1 (21(49)) ◽  
pp. 88-93
Author(s):  
Ievgeniya Pozhar
Keyword(s):  
Working Conditions ◽  
Financial Stability ◽  
Scientific Progress ◽  
Optimization Methods ◽  
Optimal Level ◽  
Financial Sustainability ◽  
Main Task ◽  
Internal Factors ◽  
Actual Problem ◽  
Factors Influencing

The article considers different approaches to the definition of "financial stability". The financial stability of the enterprise characterizes and reflects the result of current investment and financial development, contains the necessary information for investors and reflects the ability to be responsible for its debts and liabilities. The main task of the analysis of financial stability of the enterprise as well as the stock of financial stability and its limits is defined. It also defines stages of sequences of the analysis of enterprise. The modern working conditions of small and medium business along with the problems enterprise faces are analyzed. At the present stage, it is extremely important to be clearly oriented in a complex system of market relations, the correct assessment of production and economic potential, the strategy of future development, the financial condition of enterprise and partner companies. This makes it necessary and important to systematically assess the financial stability of enterprise. With the help of assess the correct strategy and tactics of enterprise development are developed, plans and management decisions are substantiated, the implementation is controlled, solvency and liquidity are assessed and financial stability is strengthened. The activity of the enterprise is negatively affected not only by environmental factors, but also by lack of proper management of financial stability of the enterprise. Currently, the main task of any enterprise is to ensure the optimal level of financial stability of the enterprise. The financial strength is always calculated during the analysis of financial stability of the enterprise, as it shows what allowable percentage the revenue can be reduced for the company to be unprofitable. The actual problem during the current economic crisis remains increasing the optimization of financial sustainability of the enterprise. Various factors influencing the financial stability of the enterprise are investigated, minimization and neutralization methods of these factors are offered. Ways to optimize the financial stability of the enterprise in a period of difficult financial and economic situation in the country are formed. The globalization of the economy has led to a close interdependence of external and internal factors influencing the enterprise. Given that external factors are uncontrollable and unpredictable, it is possible to achieve the required level of financial stability for the company by identifying the most important internal factors and minimizing or neutralizing them. It is necessary to manage financial stability taking into account the risks caused by scientific progress, the instability of the political situation, the growth of competition in commodity and financial markets. Now, companies must be flexible and ready to adapt to new working conditions that dictate the realities of today.

scholarly journals Assessment of the financial stability level of Ukrainian agrarian corporations

2020 ◽  
Author(s):  
Nadiia Davydenko ◽  
◽  
Alina Вuriak ◽  
Olena Lemishko ◽  
Zoia Titenko ◽  
...  
Keyword(s):  
Life Cycle ◽  
Organizational Support ◽  
Financial Stability ◽  
The State ◽  
Financial Ratios ◽  
Practical Significance ◽  
Strategic Decisions ◽  
Financial Decisions ◽  
Agricultural Enterprises ◽  
Comprehensive Study

A necessary basis for the functioning, development and achievement of the goals of agricultural corporations in today's crisis environment is the providing of financial stability, the role of which is particularly growing in today's challenging environment. The regular changes of external and internal factors influencing the functioning of economic entities actualize the need to study the components of this category to ensure the ability of the enterprise to adapt while maintaining its integrity. The purpose of the article is to substantiate theoretical provisions and develop recommendations for ensuring the adequacy and systematic process of evaluating the financial stability of agricultural corporations based on the analysis of financial ratios. The object of the study is the process of assessing the financial stability of enterprises. The methodological basis of the article is general scientific and special methods of research, which are based on modern scientific concepts of management, economic and related sciences. The following methods were used in the study: monographic (comparing and detailing the data of financial stability analysis of agrarian corporations); abstract-logical (used to formulate theoretical generalizations and conclusions). Based on the works of scientists, it is established that the formation of financial stability of agricultural corporations should be based on a comprehensive study of the conditions for its provision, must take into account the features of financial development and the state of agricultural enterprises. A comprehensive study of such issues will solve the problem of financial stability on the basis of organizational support of its management system. The relevance of the assessment of the state of financial stability management in agricultural enterprises is determined, the holding of which is of particular importance due to the possibility of making managerial strategic decisions to improve the management of financial stability. The article analyszes the financial stability of agricultural corporations. It is substantiated that the unstable financial condition of some agrarian corporations is a consequence of the lack of organization of management of specific subsystems of their economic activity. Throughout the life cycle, enterprises are accompanied by situations that may cause undesirable changes to their financial stability. Therefore, we consider it necessary to implement financial stability management at all stages of the company's life cycle by systematically monitoring the relevant ratios. The practical significance of the results obtained is determined by the fact that conclusions and suggestions can be used for more objective decision-making, which based on the analysis of financial ratios, and in turn can be the basis for making optimal financial decisions. This material can be used to make strategic management decisions by agro-holding managers.

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