Evaluation of Enterprise Financial Safety

The aim of the article is to develop a methodological approach to evaluation of the level of economic entity financial safety. It has been found that the enterprise activity is constantly subjected to internal and external threats, therefore under volatile market economic conditions it is importa...

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Main Authors: Dikan Larysa V., Vladimirova Nataliia P.
Format: Article
Language:English
Published: PH "INZHEK" 2016-08-01
Series:Problemi Ekonomiki
Subjects:
Online Access:http://www.problecon.com/export_pdf/problems-of-economy-2016-3_0-pages-159_164.pdf
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author Dikan Larysa V.
Vladimirova Nataliia P.
author_facet Dikan Larysa V.
Vladimirova Nataliia P.
author_sort Dikan Larysa V.
collection DOAJ
description The aim of the article is to develop a methodological approach to evaluation of the level of economic entity financial safety. It has been found that the enterprise activity is constantly subjected to internal and external threats, therefore under volatile market economic conditions it is important to form an effective system of management of its financial safety to avoid the bankruptcy and liquidation of the enterprise. The article presents a generalization of existing approaches to evaluating the level of financial safety of economic entities and their critical analysis. The methodical approach to evaluating the level of financial safety of economic entities is proposed. It is suggested to evaluate the level of financial safety qualitatively and quantitatively with the consequent comparing and contrasting of their results. It is proposed to carry out the quantitative evaluation by the method of fuzzy logic and the qualitative one by the method of hierarchy analysis. The evaluation of the level of financial safety was carried out at ten economic entities. It is determined that the qualitative evaluation of the level of business entity financial safety, unlike the quantitative one allows to determine not only the enterprise financial stability but also to assess its financial.
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spelling doaj.art-740a181f531f4b989bbcf4ae011f797c2024-02-02T02:23:49ZengPH "INZHEK"Problemi Ekonomiki2222-07122311-11862016-08-01159164Evaluation of Enterprise Financial SafetyDikan Larysa V.0Vladimirova Nataliia P. 1Candidate of Sciences (Economics), Professor, Head of the Department of Control and Audit, Simon Kuznets Kharkiv National University of EconomicPostgraduate Student of the Department of Control and Audit, Simon Kuznets Kharkiv National University of EconomicThe aim of the article is to develop a methodological approach to evaluation of the level of economic entity financial safety. It has been found that the enterprise activity is constantly subjected to internal and external threats, therefore under volatile market economic conditions it is important to form an effective system of management of its financial safety to avoid the bankruptcy and liquidation of the enterprise. The article presents a generalization of existing approaches to evaluating the level of financial safety of economic entities and their critical analysis. The methodical approach to evaluating the level of financial safety of economic entities is proposed. It is suggested to evaluate the level of financial safety qualitatively and quantitatively with the consequent comparing and contrasting of their results. It is proposed to carry out the quantitative evaluation by the method of fuzzy logic and the qualitative one by the method of hierarchy analysis. The evaluation of the level of financial safety was carried out at ten economic entities. It is determined that the qualitative evaluation of the level of business entity financial safety, unlike the quantitative one allows to determine not only the enterprise financial stability but also to assess its financial.http://www.problecon.com/export_pdf/problems-of-economy-2016-3_0-pages-159_164.pdffinancial safety economic entitiesthe level of financial safetyindicator of financial safety
spellingShingle Dikan Larysa V.
Vladimirova Nataliia P.
Evaluation of Enterprise Financial Safety
Problemi Ekonomiki
financial safety economic entities
the level of financial safety
indicator of financial safety
title Evaluation of Enterprise Financial Safety
title_full Evaluation of Enterprise Financial Safety
title_fullStr Evaluation of Enterprise Financial Safety
title_full_unstemmed Evaluation of Enterprise Financial Safety
title_short Evaluation of Enterprise Financial Safety
title_sort evaluation of enterprise financial safety
topic financial safety economic entities
the level of financial safety
indicator of financial safety
url http://www.problecon.com/export_pdf/problems-of-economy-2016-3_0-pages-159_164.pdf
work_keys_str_mv AT dikanlarysav evaluationofenterprisefinancialsafety
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