Systemic-structural analysis of the machine-building enterprises economic sustainability formation mechanism

Machine-building complex is a system-forming element of Ukrainian economy. Functioning of other industries in many respects depends on the results of its activity. Harsh conditions of globalized economic environment and geopolitical changes taking place in the country have negatively affected the st...

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Main Authors: Victoriia Dergachova, Maryna Kravchenko, Kateryna Kuznietsova, Anna Dergachova, Valeriia Melnykova
Format: Article
Language:English
Published: LLC "CPC "Business Perspectives" 2019-09-01
Series:Problems and Perspectives in Management
Subjects:
Online Access:https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/12482/PPM_2019_03_Dergachova.pdf
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author Victoriia Dergachova
Maryna Kravchenko
Kateryna Kuznietsova
Anna Dergachova
Valeriia Melnykova
author_facet Victoriia Dergachova
Maryna Kravchenko
Kateryna Kuznietsova
Anna Dergachova
Valeriia Melnykova
author_sort Victoriia Dergachova
collection DOAJ
description Machine-building complex is a system-forming element of Ukrainian economy. Functioning of other industries in many respects depends on the results of its activity. Harsh conditions of globalized economic environment and geopolitical changes taking place in the country have negatively affected the state of machine-building enterprises and determined the need for increasing the level of their economic sustainability. As a result of using the systemic-structural approach, which is being developed in the context of the provisions of systemic economic theory, systemic-structural analysis of economic sustainability of several machine-building enterprises was performed. The study was conducted based on a sample of 16 machine-building enterprises and covered the 2015−2016 period. Economic sustainability was analyzed by way of defining in the structure of enterprises, econometric modeling and assessing the state of four subsystems with different space and time localization and further defining the level of mutual balance. The set of individual parameters for modeling every subsystem was determined mainly by way of regrouping of baseline statistical indicators, as well as expert assessments. Using such an approach enabled to determine structural peculiarities of machine-building enterprises development during the analyzed period and their effect on formation of volatility and stability properties, which ensure their sustainability in space and time. During the analyzed period, the determined disproportions of the subsystems in the structure of enterprises had systemic nature. The identification of economic manifestations of the determined disproportions enabled to formally define non-trivial dependencies between the economic phenomena, which took place in machine building, and to define the nature of their influence on the mechanism of economic sustainability formation. The risks affecting every subsystem under study had volatile nature, that’s why the issue of systemic risk management remains relevant.
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spelling doaj.art-fe9f94e0f5dc46e7881b00eff7c30be82022-12-21T18:20:02ZengLLC "CPC "Business Perspectives"Problems and Perspectives in Management1727-70511810-54672019-09-0117339540910.21511/ppm.17(3).2019.3212482Systemic-structural analysis of the machine-building enterprises economic sustainability formation mechanismVictoriia Dergachova0Maryna Kravchenko1Kateryna Kuznietsova2Anna Dergachova3Valeriia Melnykova4Doctor of Economics, Professor, Head of Management Department, Faculty of Management and Marketing, National Technical University of Ukraine “Igor Sikorsky Kyiv Polytechnic Institute”Doctor of Economics, Associate Professor, Associate Professor of Management Department, Faculty of Management and Marketing, National Technical University of Ukraine “Igor Sikorsky Kyiv Polytechnic Institute”Ph.D. in Economics, Associate Professor of Management Department, Faculty of Management and Marketing, National Technical University of Ukraine “Igor Sikorsky Kyiv Polytechnic Institute”Ph.D. in Economics, Senior Lecturer of Economics and Entrepreneurship Department, Faculty of Management and Marketing, National Technical University of Ukraine “Igor Sikorsky Kyiv Polytechnic Institute”Postgraduate Student, Assistant of International Economics Department, Faculty of Management and Marketing, National Technical University of Ukraine “Igor Sikorsky Kyiv Polytechnic Institute”Machine-building complex is a system-forming element of Ukrainian economy. Functioning of other industries in many respects depends on the results of its activity. Harsh conditions of globalized economic environment and geopolitical changes taking place in the country have negatively affected the state of machine-building enterprises and determined the need for increasing the level of their economic sustainability. As a result of using the systemic-structural approach, which is being developed in the context of the provisions of systemic economic theory, systemic-structural analysis of economic sustainability of several machine-building enterprises was performed. The study was conducted based on a sample of 16 machine-building enterprises and covered the 2015−2016 period. Economic sustainability was analyzed by way of defining in the structure of enterprises, econometric modeling and assessing the state of four subsystems with different space and time localization and further defining the level of mutual balance. The set of individual parameters for modeling every subsystem was determined mainly by way of regrouping of baseline statistical indicators, as well as expert assessments. Using such an approach enabled to determine structural peculiarities of machine-building enterprises development during the analyzed period and their effect on formation of volatility and stability properties, which ensure their sustainability in space and time. During the analyzed period, the determined disproportions of the subsystems in the structure of enterprises had systemic nature. The identification of economic manifestations of the determined disproportions enabled to formally define non-trivial dependencies between the economic phenomena, which took place in machine building, and to define the nature of their influence on the mechanism of economic sustainability formation. The risks affecting every subsystem under study had volatile nature, that’s why the issue of systemic risk management remains relevant.https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/12482/PPM_2019_03_Dergachova.pdfeconomic sustainabilityeconomic systemstructural balancesystemic economic theorysystemic-structural approach
spellingShingle Victoriia Dergachova
Maryna Kravchenko
Kateryna Kuznietsova
Anna Dergachova
Valeriia Melnykova
Systemic-structural analysis of the machine-building enterprises economic sustainability formation mechanism
Problems and Perspectives in Management
economic sustainability
economic system
structural balance
systemic economic theory
systemic-structural approach
title Systemic-structural analysis of the machine-building enterprises economic sustainability formation mechanism
title_full Systemic-structural analysis of the machine-building enterprises economic sustainability formation mechanism
title_fullStr Systemic-structural analysis of the machine-building enterprises economic sustainability formation mechanism
title_full_unstemmed Systemic-structural analysis of the machine-building enterprises economic sustainability formation mechanism
title_short Systemic-structural analysis of the machine-building enterprises economic sustainability formation mechanism
title_sort systemic structural analysis of the machine building enterprises economic sustainability formation mechanism
topic economic sustainability
economic system
structural balance
systemic economic theory
systemic-structural approach
url https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/12482/PPM_2019_03_Dergachova.pdf
work_keys_str_mv AT victoriiadergachova systemicstructuralanalysisofthemachinebuildingenterpriseseconomicsustainabilityformationmechanism
AT marynakravchenko systemicstructuralanalysisofthemachinebuildingenterpriseseconomicsustainabilityformationmechanism
AT katerynakuznietsova systemicstructuralanalysisofthemachinebuildingenterpriseseconomicsustainabilityformationmechanism
AT annadergachova systemicstructuralanalysisofthemachinebuildingenterpriseseconomicsustainabilityformationmechanism
AT valeriiamelnykova systemicstructuralanalysisofthemachinebuildingenterpriseseconomicsustainabilityformationmechanism