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

Author:

Azarenkova Galyna1ORCID,Golovko Olena2ORCID,Abrosimova Kateryna3

Affiliation:

1. Doctor of Economics, Professor, Kharkiv Educational and Scientific Institute of the Banking University

2. Ph.D. in Economics, Associate Professor, Kharkiv Educational and Scientific Institute of the Banking University

3. Master at Kharkiv Educational and Scientific Institute of SHEI “Banking University”

Abstract

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.

Publisher

LLC CPC Business Perspectives

Reference19 articles.

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3. Gapak, N. M., & Kapteshan, S. A. (2014). Features of Determining the Financial Sustainability of the Enterprise. Scientific herald of Uzhgorod University, 1, 191-196.

4. Gluhoded, G. S., & Golovko, O. G. (2013). Features of Financial Services for Diagnosis. Financial and credit activity: problems of theory and practice, 14, 97-102.

5. Golovko, O., & Shakhova, O. (2013). The Role and Importance of Financial Planning in Market Conditions. Financial and credit activity: problems of theory and practice, 2, 193-196.

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