scholarly journals Economic and legal support for the process of bankruptcy prevention and liquidation of business entities

2021 ◽  
pp. 9-12
Author(s):  
Nataliia ARTAMONOVA
Keyword(s):  
Financial Stability ◽  
Balance Sheet ◽  
The State ◽  
Future Assessment ◽  
Economic Justification ◽  
Zone Of Influence ◽  
Business Entities ◽  
Alternative Sources ◽  
The Individual ◽  
Internal Potential

Introduction. One of the most important indicators of the country's economic development is the level of growth in the number of financially insolvent, bankrupt and liquidated enterprises, because the interests of the state, business and the individual are in the zone of influence and attention. The purpose of the paper is to assess the legal changes in the legislation of Ukraine on the application of bankruptcy procedures and presents the economic justification and methodical implementation of a set of tools for timely detection of insolvency, their current and future assessment to prevent bankruptcy and liquidation of business entities. Results. The data of the State Statistics Service on the increase in the number of insolvent enterprises in 2020 are presented. The systematization of methods and tools for timely detection of insolvency in the context of legal innovations is proposed, thanks to the introduction of tools for testing, labeling, ranking. The testing program for early diagnosis of bankruptcy provides for the calculation of indicators to assess the structure of the balance sheet; opportunities to restore solvency and the ability to neutralize the threat of bankruptcy due to the internal potential of the enterprise. The system of markers and indicators is used to determine the creditworthiness of the enterprise and for self-analysis, when considering alternative sources of financing to avoid the threat of bankruptcy. Rating is used to definitively determine the level of financial stability or insolvency of the enterprise. Conclusion. This tools should be used at different stages: both at the pre-crisis stage, to prevent the possibility of financial deterioration, and at the crisis and post-crisis stages, to assess the effectiveness of the enterprise and the likelihood of early detection of bankruptcy.

THE SIGNIFICANCE OF THE NATIONAL ARCHIVE FUND FOR CULTURAL AND HISTORICAL HERITAGE

2018 ◽  
Vol 28 (7) ◽  
pp. 2417-2425
Author(s):  
Peter Peikov ◽  
Borana Hadjieva
Keyword(s):  
Financial Stability ◽  
National Archive ◽  
The State ◽  
Cultural Significance ◽  
Political Climate ◽  
Leading Role ◽  
Non Governmental Organizations ◽  
Role Of The State ◽  
Historical Heritage ◽  
The Individual

The present paper reveals the significance of the National Archival Fund for preservation of the historical and cultural memory of the Bulgarian nation and the formation of historical consciousness. The National Archives Fund is defined as the largest collection of documents with historical, scientific, social, economic, cultural significance as an essential part of the cultural and historical heritage of Bulgaria.It treasures documents about the history of thousands of institutions and prominent figures of the state, economy, culture and art, of ordinary citizens whose activity is historically important in one respect or another.The emphasis of the study is on the main factors determining the daily enrichment of the National Archival Fund with new documents. Among these key factors are development of documentaristics and archivistics, trends in social development, ideological and political climate, financial stability and attitude of the society as a whole, of the istitutional leaders and administrative heads, creating documents, in particular, of the non-governmental organizations and even of the individual citizen to the problems in the field of archivistics.In the focus of the paper as well is the leading role of the state archives for the formation of the National Archival Fund of Bulgaria and the opportunities for cooperation with museums, libraries, community centers and other institutions of memory working with the same purpose and vision.

Theory of Shocks About States in Static and Dynamic Economics

2021 ◽  
pp. 202-240
Keyword(s):  
Middle Class ◽  
Financial Stability ◽  
Fundamental Problem ◽  
Informal Institutions ◽  
The State ◽  
Social Conditions ◽  
Public Healthcare ◽  
Individual Values ◽  
Economic Agents ◽  
The Individual

The place of the state in the theory of shocks is predetermined by the increasing importance of the subjective component of the processes of self-movement of systemic integrities. The main problem is that the state formalizes the actions of subjects as economic agents, abstracting from social conditions that generate the individual values of a person implemented in the economy. So, the economic subject acquires its own individual values in a society with a sharp polarization of citizens' incomes, inequality of opportunities, a shrinking middle class, and an ineffective public healthcare system, as demonstrated by the coronavirus pandemic. As a result, a fundamental problem arises of the discrepancy between society and economy as well as formal and informal institutions that predetermine the opportunistic behavior of the economic subjects. Thus, the state persistently strives for financial stability in the economy, abstracting from the problems of social disunity.

scholarly journals THE SIGNIFICANCE OF THE NATIONAL ARCHIVE FUND FOR CULTURAL AND HISTORICAL HERITAGE

2018 ◽  
Vol 28 (7) ◽  
pp. 2417-2425
Author(s):  
Peter Peikov ◽  
Borana Hadjieva
Keyword(s):  
Financial Stability ◽  
National Archive ◽  
The State ◽  
Cultural Significance ◽  
Political Climate ◽  
Leading Role ◽  
Non Governmental Organizations ◽  
Role Of The State ◽  
Historical Heritage ◽  
The Individual

The present paper reveals the significance of the National Archival Fund for preservation of the historical and cultural memory of the Bulgarian nation and the formation of historical consciousness. The National Archives Fund is defined as the largest collection of documents with historical, scientific, social, economic, cultural significance as an essential part of the cultural and historical heritage of Bulgaria.It treasures documents about the history of thousands of institutions and prominent figures of the state, economy, culture and art, of ordinary citizens whose activity is historically important in one respect or another.The emphasis of the study is on the main factors determining the daily enrichment of the National Archival Fund with new documents. Among these key factors are development of documentaristics and archivistics, trends in social development, ideological and political climate, financial stability and attitude of the society as a whole, of the istitutional leaders and administrative heads, creating documents, in particular, of the non-governmental organizations and even of the individual citizen to the problems in the field of archivistics.In the focus of the paper as well is the leading role of the state archives for the formation of the National Archival Fund of Bulgaria and the opportunities for cooperation with museums, libraries, community centers and other institutions of memory working with the same purpose and vision.

scholarly journals Ways to Assess and Improve the Financial Sustainability of Russian Organizations Development

2019 ◽  
Vol 9 (1) ◽  
pp. 1568-1571
Keyword(s):  
Sustainable Development ◽  
Financial Stability ◽  
Balance Sheet ◽  
Policy Instruments ◽  
Sustainable Growth ◽  
Financial Indicators ◽  
Objective Condition ◽  
Financial Return ◽  
The Sustainable Development ◽  
Business Entities

In the implementation of production activities, the objective condition for the sustainable development of business entities is a comprehensive approach to the analysis of financial indicators of the organization. The problem of ensuring sustainable growth has been relevant for several decades and is the subject of close attention of Western and domestic scientists. The work clarifies the methodological tools relating to the assessment of competitive positions in the domestic market, provided that solvency is maintained. The essence of sustainable development at the macro and micro levels is revealed. The main focus is on the assessment of financial stability indicators as an information base for making effective management decisions. The paper discusses the theoretical foundations of the analysis of liquidity and solvency of companies. The types of the state of liquidity of the balance sheet of the company are clarified. The essence, as well as the relationship of solvency and liquidity, as one of the main areas of the financial condition of the organization is revealed. An algorithm for determining the potential solvency of an organization is presented; a mechanism for increasing the financial return on assets is considered. On the example of the organization of the building complex, the indicators of financial indicators were evaluated, critical values were determined for the studied indicators. A set of measures to improve financial performance is proposed. The presented material may be interesting for the development of public policy instruments for the implementation of the concept of sustainable development of the regional system.

scholarly journals State Regulation of Employment of the Population of the Republic of Belarus on the Basis of Continuous Education

2018 ◽  
Keyword(s):  
Labor Market ◽  
State Regulation ◽  
The State ◽  
Continuous Training ◽  
Continuous Education ◽  
Active Population ◽  
State Employment ◽  
The Republic ◽  
Business Entities ◽  
The Individual

The issues related to the assessment of the effectiveness of state regulation of employment in the Republic of Belarus in the context of the development of an innovation-type economy are considered in the article. The purpose of this article is to assess the measures of state regulation of the level of employment of economically active population in the Republic of Belarus, based on the use of various forms of continuous education. The state of the cou ntry’s labor market is assessed, which is characterized by the presence of structural unemployment and insignificant volumes of investments directed by business entities to the development of human capital in order to reduce its level. The main legislative acts regulating the order of continuous education of different categories of personnel in the organizations of the country are considered. The concepts of «competitiveness of the individual in the labor market» and «competitiveness of the employer in the labor market» are formulated taking into account the competence approach, which assumes the formation of competencies and qualifications in the process of continuous training that provide the necessary degree of worker’s mobility in the labor market. The peculiarities of state regulation of latent unemployment in business entities of the Republic of Belarus are considered by means of their stimulation to the organization of continuous training of workers. Organizational and legal bases of interaction betwee n regional offices of the State Employment Service, employers and dismissed workers (employee in danger of dismissal) in the organization of continuing education to improve competitiveness and mobility in the labor market are assessed. Recommendations are developed for the personnel management services of organizations related to the use of different forms of continuous training in the process of optimization of the number of staff in the short and medium term within the current legislation of the country.

LEGAL REGULATION OF CERTAIN ADMINISTRATIVE AND ECONOMIC SANCTIONS APPLICABLE BY CIVIL SERVICE OF UKRAINE FOR TRANSPORT SAFETY

2017 ◽  
Author(s):  
Maryna Kovtun ◽  
◽  
Bohdan Shymanskyi ◽  
Vladyslav Harkusha ◽  
◽  
...  
Keyword(s):  
Working Hours ◽  
Legal Regulation ◽  
The State ◽  
Legal Responsibility ◽  
Economic Activities ◽  
State Service ◽  
Commercial Code ◽  
Transport Safety ◽  
Business Entities ◽  
The Individual

The article is devoted to the study of the legal nature of administrative and economic sanction and administrative and economic penalty as its type and separately considered the legality of the application of this type of sanction in a separate case by the State Service of Ukraine for Transport. The scientific positions and approaches to which the type of responsibility should be studied should be studied. It has been established that the positions of scientists are mainly divergent in two directions - some attribute them to economic and legal responsibility, while others to the administrative. The practice of depositing the State Service of Ukraine for transport on the use of an administrative- economic fine to business entities carried out within the territory of Ukraine through the absence of documents containing data of the operation of the device for registration of the registration regime and recreation of drivers (tachographs). On the regulatory and legal basis for regulating the provinces of Ukraine, and the individual provisions of the Commercial Code of Ukraine, the Law of Ukraine "On Automobile Transport", the provisions on working hours and time of rest of drivers of wheeled vehicles, approved by the order of the Ministry of Transport and Communications of Ukraine No340. From the norms of these legislation acts, it becomes clear that the audits on the availability of established tachographs and respectively documents containing data on their work on vehicles carried out internal transportation are not covered by a circle of powers of the State Service for Transport Security. It also notes that administrative courts when considering the appeal of the above-mentioned decisions took the position of the state body and misinterpret the norms of legislation, which in turn leads to the case of unfair decisions that are contrary to the requirements of legislation. It is emphasized on the need to change this false trend in order to avoid illegal interference of state authorities into economic activities of business entities.

scholarly journals REGULATORY AND LEGAL COMPONENT IN ENSURING STATE’S FINANCIAL SECURITY

2021 ◽  
Vol 22 (2) ◽  
pp. 232-240
Author(s):  
Nadiya Rushchyshyn ◽  
Tetyana Medynska ◽  
Uliana Nikonenko ◽  
Zoryana Kostak ◽  
Roksolana Ivanova
Keyword(s):  
Financial Stability ◽  
Legal Framework ◽  
Legal Regulation ◽  
The State ◽  
Synthesis Methods ◽  
Financial Security ◽  
Econometric Methods ◽  
Factors Influencing ◽  
National Bank ◽  
Business Entities

The purpose of the study is to scientifically substantiate the place and role of regulatory support in the formation of financial security, study the factors influencing its level and identify ways to improve it. The study used general scientific and special research methods: analysis, synthesis, methods of systematization and logical generalization − when disclosing the theoretical provisions of the financial security of the state and its legal regulation; correlation and regression analysis, econometric methods and models − to determine and study the influence of factor values on the volume of gold and foreign exchange reserves of the NBU; method of expert assessments − when developing recommendations for the formation of an effective mechanism for ensuring the financial security of the state, a graphical method. The nature and significance of the legal support of financial security are outlined, which is aimed at creating an improved legal framework and a system for controlling financial business entities in order to detect and prevent financial crimes. The factors influencing the level of the state’s financial security are considered. Their influence on the volume of gold and exchange reserves of the National Bank of Ukraine which in the conditions of financial stability should be balanced is determined. The mechanism to ensure the state’s financial security is offered, which further contributes to the implementation of a set of legal, structural and organizational, procedural, personnel, technological and resource tasks. In the future special attention should be paid to improving the current legal framework that would protect the interests of entities of a financial system from illegal encroachment and help recover offense damages. All these measures will contribute to raising the level of the state’s financial security and will help integrate the state into the international financial and economic space.

scholarly journals The methodological aspects of assessment of solvency and liquidity of agricultural enterprises

2020 ◽  
pp. 27-32
Author(s):  
Inna DVORNYK
Keyword(s):  
Financial Stability ◽  
Balance Sheet ◽  
Systematic Analysis ◽  
Agricultural Enterprises ◽  
Agricultural Enterprise ◽  
Priority Task ◽  
Rational Management ◽  
Balance Sheet Liquidity ◽  
Business Entities ◽  
Methodological Aspects

In modern conditions, the search for opportunities to strengthen the financial position and increase financial stability becomes a priority task of business entities, which is solved by means of a comprehensive systematic analysis of the enterprise. The purpose of the paper is to analyze the existing methodological approaches to assess the liquidity and solvency of an agricultural enterprise and to determine the directions of their improvement. Solvency is the presence in the enterprise of funds for repayment by them in due time and in full of their debt obligations arising from credit and other transactions of a monetary nature. Liquidity is a way to maintain solvency. Liquidity of an enterprise includes the concepts of liquidity and balance sheet liquidity. The article summarizes the classification of assets and liabilities of the balance sheet and defines the conditions of its absolute liquidity. The method of estimation of solvency and liquidity indicators is presented. The main factors, that influence the on the level of solvency of an agricultural enterprise, are summarized: nature of the enterprise activity, stock status, terms of settlements with debtors, state of accounts receivable. Areas of increase of solvency are distinguished: ensuring balance of assets and liabilities, increase of sales volumes and reduction of expenses, coordination of plans of production and sale, ensuring of uninterrupted work of the enterprise, attraction of long-term loans for financing of capital expenses, rational management of available financial resources, including determination of optimal volumes of production stocks control over the shipment of products, compilation of receivables, management of receivables, the collection of receivables in the next period, the use of modern forms of refinancing.

scholarly journals MODERN ASPECTS OF SEARCHING INCENTIVES TO INNOVATIVE ACTIVITY OF BUSINESS ENTITIES

2020 ◽  
pp. 126-139
Author(s):  
Volodymyr KOSTETSKYІ ◽  
Ivan PRYMACHENKO
Keyword(s):  
Financial Stability ◽  
New Technologies ◽  
Innovation System ◽  
The State ◽  
Innovation Activity ◽  
Economic Regulation ◽  
Innovative Development ◽  
Resource Base ◽  
Innovative Strategy ◽  
Business Entities

Introduction. In In today’s conditions of economic development, business entities face the challenge of reformatting systems, methods and economic mechanisms for managing sustainability in terms of innovative approach. Therefore, the solution of economic, social, managerial and personal problems in contemporary society implies a specific innovative style of management, which is based on innovation, innovation, systematic and continuous innovation activities. The purpose is to identificatt the positive trends and shortcomings of the processes of innovative development of economic entities that exist in Ukraine, and to clarificate of modern scientific approaches to encourage businesses to innovate in order to ensure financial stability and innovative development of the country’s economy. Results. The study of the mechanism of innovation activity allows us to conclude that the formation and development of an innovative management strategy by an economic entity is an integration process that combines the processes of forecasting, planning and accounting of the resource base of the enterprise in the long-term, medium-term and short-term prospects in the new conditions modernization of the state economy. Creating a national innovation system is to build a holistic system that effectively transforms new knowledge into new technologies, products and services that find their real consumers in national or global markets. At the same time, attention should be paid to the development of an innovative strategy by each domestic enterprise, which will create conditions for positive trends in the development of this process. Conclusions. Innovations are essentially related to the cyclical development of the economy, as they initiate new technological developments. Therefore, in an innovative economy, the state plays an important role in implementing anti-cyclical economic regulation, smoothing out cyclical fluctuations and mitigating their effects. To ensure the further development of innovation in Ukraine, it is necessary to comprehensively use methods to stimulate innovation, in particular the improvement of tax legislation; improving the legal framework for venture funds; improving the mechanism of protection of intellectual property rights; ensuring effective cooperation between the scientific and business sectors in the field of innovation.

scholarly journals DEVELOPMENT OF THE BASIC LEVEL OF THE FINANCIAL SYSTEM OF UKRAINE IN THE GLOBALIZATION CONDITIONS

2020 ◽  
pp. 25-34
Author(s):  
V. Boronos ◽  
L. Riabushka ◽  
Y. Vidmenko
Keyword(s):  
Multinational Corporations ◽  
Large Scale ◽  
Financial System ◽  
Global Market ◽  
The State ◽  
Manufacturing Companies ◽  
Enterprise Development ◽  
Business Entities ◽  
The Individual ◽  
The Impact

The article deals with the theoretical and practical aspects of the development of economic entities as the basic equal state systems of Ukraine in the context of their global ones. This paper examines the impact of global internationalization of business relations on national activity. The stages of enterprise development in the conditions of globalization transformations are determined and the essence of the concept of "enterprise development" is interpreted. The state of development of business entities by quantitative and qualitative indicators is analyzed. In particular, a numerical assessment of the existing composition of business entities and their dynamics are revealed. Indicators of sales volumes of manufactured products in the context of legal and physical business structures are considered. A vertical analysis of sales of products by type of economic activity in terms of forms of organization. Concentration of the prevailing volume of sales in the hands of enterprises testifies to their strategic importance in the processes of globalization of the Ukrainian economy. The tendency of formation of net financial result by Ukrainian enterprises is presented. The main purpose of functioning of the enterprise in the conditions of globalization is to gain competitive positions, which is a characteristic of the internationalized market. The impact of globalization, as a driving factor in the development of economic entities, is transcending them beyond national borders. Within this framework, the influence of multinational corporations on the level of increasing the functional capacity of domestic business entities is identified. Competing with TNCs and having an imperative presence in the global market, business entities need to take into account the characteristics of both significant and large-scale markets and local (regional) consumer cultures. Globalization trends are forcing manufacturing companies to expand their markets and fully meet the individual needs of consumers. In the context of globalization, the factors that negatively affect the state of development of economic entities have been identified, in particular, modern factors of influence on the structural elements of the financial system of Ukraine have been identified.

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