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Options simulation toolkit for strategic evaluation of corporations' financial potential

Author

Listed:
  • Viktoriya Valeryevna Manuylenko

    (North-Caucasus Federal University, Russian Federation)

  • Marina Aleksandrovna Loktionova

    (Russian Technological University, Russian Federation)

  • Nina Vladimirovna Lipchiu

    (Kuban State Agrarian University, Russian Federation)

  • Natalia Vladimirovna Sobchenko

    (Stavropol State Agrarian University, Russian Federation)

  • Tatyana Andreyevna Sadovskaya

    (Rostov State Technical University, Russian Federation)

Abstract

The study substantiates the need to develop the authors’ model for strategic evaluation of financial potential in corporations based on stochastic simulation, which provides for determination of an absolute indicator for sustainability of financial potential resources (i.e. strategic permanent resources for financial potential and relative strategic ratio), as well as actual and strategic indicators values deviations, the study also provides prerequisites for relevant expert conclusions. Such model implies influence of emergent (macro-, meso-) environment on financial potential of corporations. Its application is of a universal character, it contains integrated interests of different stakeholder groups (owners, financial managers, lenders, potential owners, creditors, investors, suppliers, auditors, lawyers, associations, trade unions) allowing in a short period identify internal actual and potential financial opportunities, risks and hidden potentials, takes into account emergent environment influence on financial potential condition in corporations, thus contributing to development of strategic policies for its generation.

Suggested Citation

  • Viktoriya Valeryevna Manuylenko & Marina Aleksandrovna Loktionova & Nina Vladimirovna Lipchiu & Natalia Vladimirovna Sobchenko & Tatyana Andreyevna Sadovskaya, 2018. "Options simulation toolkit for strategic evaluation of corporations' financial potential," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(2), pages 871-889, December.
    • Handle: RePEc:ssi:jouesi:v:6:y:2018:i:2:p:871-889
    DOI: 10.9770/jesi.2018.6.2(27)
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    References listed on IDEAS

    as
    1. Audrius Masiulevičius & Vaclovas Lakis, 2018. "Differentiation of performance materiality in audit based on business needs," Post-Print hal-02121042, HAL.
    2. Kuzmin, Evgeny A. & Berdyugina, Oksana N. & Karkh, Dmitri A., 2015. "Conceptual Challenges of Observability for Transaction Sector in Economy," MPRA Paper 66168, University Library of Munich, Germany, revised Jun 2015.
    3. Rasa Subačienė & Lehte Alver & Inta Brūna & Mirjana Hladika & Daša Mokošová & Jan Molín, 2018. "Evaluation of accounting regulation evolution in selected countries," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(1), pages 139-175, September.
    4. Audrius Masiulevičius & Vaclovas Lakis, 2018. "Differentiation of performance materiality in audit based on business needs," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(1), pages 115-124, September.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    financial potential; strategic assessment / evaluation; corporation; permanent resources; deviations; simulation;
    All these keywords.

    JEL classification:

    • G17 - Financial Economics - - General Financial Markets - - - Financial Forecasting and Simulation

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