An Integral Evaluation of the Financial State of the Regional Enterprises
The subject matter of the article is the development of theoretical positions and methodical approaches to the integral evaluation of the financial state of the region’s metallurgical enterprises. The purpose is to show the possibility of dividing the integral evaluation into separate elements for...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Russian Academy of Sciences, Institute of Economics of the Ural Branch
2016-06-01
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| Series: | Экономика региона |
| Subjects: | |
| Online Access: | http://www.economyofregion.com/archive/2016/59/2806/pdf/ |
| Summary: | The subject matter of the article is the development of theoretical positions and methodical approaches to the integral
evaluation of the financial state of the region’s metallurgical enterprises. The purpose is to show the possibility of dividing
the integral evaluation into separate elements for using this tool to build individual models based on the forecasting of the
various coordinates of the financial position of enterprise. The hypothesis of the study is based on the objective need to
improve the integral evaluation of the financial position of enterprises. This involves the modernization of existing theoretical
and methodological approaches to the increase of the quality of analysis by eliminating certain shortcomings of discriminant
models in order to clarify the algorithm of constructing the integral index. The methodological bases of systemic approach and
mathematical modelling in economics are applied: the methods of financial analysis, grouping, abstraction, comparison which
give the possibility of determining the financial indicators needed to build the predictive models of financial state; the methods of
correlation and regression analysis, which allow to improve the integral value and to build the mathematical forecasting models.
With the purpose of improving the integral evaluation of the financial condition of enterprise, the geometric interpretation
is used, which involves the dividing of the integral indicator on the individual elements. The special feature of the proposed
methodological approach consists in the implementation rules for the certain procedures of the evaluation of financial position
and generalization of the analysis results. The proposed approach can be used by financial analysts to elaborate the strategic
plans of company development and structure optimization of financial resources. This research allows to define the quantitative
influence of separate parameters on the general assessment of the financial position for the purpose of its forecasting, which is
understood as the system of the evidence-based probabilistic assumptions of the basic and alternative structural changes of the
enterprise’s assets and liabilities. |
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| ISSN: | 2072-6414 2411-1406 |