Determinants of enterprise's financial security-Reference-Cited by-同舟云学术

Determinants of enterprise's financial security

Published:2024 Issue:1 Volume:8 Page:52-74
ISSN:2573-0134
Container-title:Quantitative Finance and Economics
language:
Short-container-title:QFE

Author:

Dokiienko Larysa¹,Hrynyuk Nataliya²,Britchenko Igor³,Trynchuk Viktor⁴,Levchenko Valentyna⁵

Affiliation:

1. Department of Organization of Aviation Works and Services, National Aviation University, Kyiv, Ukraine

2. Department of Professional Education, Restaurant and Tourist Business, Luhansk Taras Shevchenko National University, Poltava, Ukraine

3. Department of Economics and Security in Transport, University of Security Management in Košice, Košice, Slovakia

4. Department of Finance, Accounting and Banking, Luhansk Taras Shevchenko National University, Poltava, Ukraine

5. Department of Finance and Business Consulting, Kyiv National University of Technologies and Design, Kyiv, Ukraine

Abstract

<abstract> <p>Our main purpose of the article was to substantiate the methodical approach to assess the enterprise's financial security based on the use of a model set for determining its parameters depending on the characteristics of financing activities and the associated level of risk. The proposed approach created opportunities to determine the parameters of the enterprise's financial security on the scale "level – status – position – zone" in the process of current and strategic management of not only financial security, but also the success of the enterprise as a whole. Based on the financial statements of Ukrainian enterprises by type of economic activity, the key financial indicators calculated and the parameters of their financial security over the past 9 years were determined. The research confirmed the decisive impact on the enterprise's financial security, the features of financing their activities, and the associated risk level. The practical use of the proposed approach proved that it is a convenient, understandable and informative tool for determining the parameters of the enterprise's financial security by the major indicators: Financial stability, liquidity, profitability, and activity financing risk.</p> </abstract>

Publisher

American Institute of Mathematical Sciences (AIMS)

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