PECULIARITIES OF ESTIMATION OF PROPERTY POTENTIAL OF THE ENTERPRISE IN MODERN CONDITIONS

The article is devoted to the problem of assessing the property potential of the enterprise. This process in modern conditions is complicated by a number of circumstances, including: the lack of a single method of assessing the property potential of the enterprise; changes in the content of financial statements, difficult access to reliable information about the real value of the company's assets. The authors emphasize that in the structure of the property potential of the enterprise there are two main components: objective, representing a set of tangible and intangible, labor and financial resources for production; subjective – the ability of employees to use resources to maximum effect. This circumstance creates certain methodological problems in assessing the property potential of the enterprise. Since the property potential of a particular enterprise in market conditions is not an absolute characteristic and significantly depends on the state of the competitive environment, the article proposes a differentiated approach to the choice of methods for assessing property potential depending on the stage of the life cycle of the enterprise and the market in which it operates. The concept of "enterprise life cycle" is based on the dynamics of the effectiveness of its activities over a period of time. The main source of information in this analysis is financial reporting. Profit can be considered as an effective indicator in the analysis of the life cycle of the enterprise. The authors consider the property potential of the enterprise as a set of production (technical) and financial subpotentials and justify the importance of taking into account the peculiarities of the financial statements of the enterprise to increase the level of reliability of evaluation results. The article emphasizes that the technical subpotential of the enterprise deserves special attention in the process of property potential assessment. As indicators that characterize the technical subpotential of the enterprise, the authors propose to use: the coefficient of immobilization, the coefficient of technical equipment and the coefficient of technical potential of the enterprise.

The Effects of Financing Channels on Enterprise Innovation and Life Cycle in Chinese A-Share Listed Companies: An Empirical Analysis

This paper offers an empirical analysis of the effects of financing channels on innovation and the regulatory effect of the enterprise life cycle based on data published from 2008 to 2017 on publicly traded companies in China. The results show that government subsidies, tax preferences, self-owned funds, and equity financing have significant positive incentives for enterprise innovation, and the incentive intensity is gradually weakened while bank loans will hinder enterprise innovation. The impacts of various financing channels on enterprise innovation vary with the different stages of the enterprise life cycle, and the overall performance is weakened with the advancement of the life cycle. According to the grouping research of property rights, it is found that the impacts of various financing channels on the innovation of non-state-owned enterprises are more significant than those of state-owned enterprises. Further research finds that the influence of each financing channel on enterprise innovation is U-shaped or inverted U-shaped, indicating that there is a moderate range of each financing channel. This study is of great significance to fully understand the impacts of various financing channels on enterprise innovation and the regulatory role of the enterprise life cycle and to optimize the allocation of innovation resources.

The impact of digitalization on the Intellectual capital formation and use (case of service enterprises)

The article discusses the directions, problems and results of using digital solutions in enterprises in the service sector. It is shown that digitalization in the service sector is due to the emergence of a new type of resource - a large amount of specific information about stakeholders. Digitalization has a direct effect on enterprises in the service sector in the form of the development of the institutional environment and the technical infrastructure of digitalization, as well as an indirect action related to the transformation of the enterprises of this industry themselves, their missions and goals. The areas of digitalization in the service sector are indicated. It is shown that the use of digital technologies affects cost reduction and sales growth, and also has a significant impact on the formation and use of the intellectual capital of service enterprises. The features of the formation of the intellectual capital of the enterprise at the stages of the life cycle are considered. The elements of intellectual capital are clarified, which have received an impetus for development due to digitalization. Possible positive directions of the impact of digitalization on the elements of intellectual capital are presented, and the dynamics of the impact of digitalization decisions on the elements of intellectual capital at the stages of the enterprise life cycle is considered.

Management of enterprise development based on adaptive value model in digital conditions

Based on the analysis of the features of changes in the institutional environment, the article analyzes the impact of digitalization on the conditions for the functioning and development of enterprises. The introduction of information technology has an impact on all spheres of activity of enterprises, and also leads to the transformation of relations between the consumer and the supplier of goods or services. The basic concepts of cost management of enterprises are analyzed, the problems of implementing the principles of cost management at domestic enterprises are considered. The analysis of the problems of the cost management introduction at the stages of the life cycle of the enterprise is done. It is proposed to consider the problems of cost management on the basis of a basic generalized model of the enterprise life cycle. It is shown that at various stages of the life cycle, the basic model of dynamic consistency of development indicators can undergo changes. Based on the dynamics of the cash flow and income of the enterprise, depending on the stage of the life cycle, modifications of the basic model of dynamic coordination of enterprises are proposed. The structure of the models, depending on the stage of the life cycle, is determined by the change in target settings in the enterprise. The proposed models can be used to assess the correct implementation of management decisions based on indicators and criteria for the value of the enterprise.

YOUTH'S PERCEPTIONS OF INNOVATION START-UP BUSINESS

This paper focuses on youth's decision process to become innovation entrepreneurs. The rst part of the paper delivers the problem statement and a literature review of latest (empirical) contributions in the eld of entrepreneurship. The present survey indicated the view of the potential entrepreneurs as well as already successful youth's entrepreneurs – indicating suitable attempts for possibilities of improvement. In addition, it was useful to track youth's entrepreneurship along the enterprise life-cycle to reveal specic strengths and weaknesses in specic phases of enterprise development.