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Development of tools for realizing the potential of financial stability of enterprises

Author

Listed:
  • Natalia Natocheeva

    (Plekhanov Russian University of Economics, Russian Federation)

  • Alex Borodin

    (Plekhanov Russian University of Economics, Russian Federation)

  • Natalia Rud

    (North-Caucasus Federal University, Russian Federation)

  • Georgiy Kutsuri

    (Financial University under the Government of the Russian Federation, Russian Federation)

  • Makpal Zholamanova

    (L. N. Gumilyov Eurasian National University, Kazakhstan)

  • Anzhela Namitulina

    (Financial University under the Government of the Russian Federation, Russian Federation)

Abstract

The article discusses the issues of financial stability of enterprises in unstable economic conditions. The authors propose a formal model of the gradual quantitative assessment of the financial stability of enterprises based on the use of regression equations with determination coefficients. The financial stability of enterprises is described by the indicators of their financial status according to the regional-average and industry-average levels. A qualitative assessment of the financial stability potential of enterprises is given based on the interpretation of deviations of the financial stability coefficients. The article defines the limiting values of financial stability of enterprises, the output of which allows the unambiguous interpretation of this concept and its level. An example that determines the financial stability of various Russian enterprises is also presented.

Suggested Citation

  • Natalia Natocheeva & Alex Borodin & Natalia Rud & Georgiy Kutsuri & Makpal Zholamanova & Anzhela Namitulina, 2019. "Development of tools for realizing the potential of financial stability of enterprises," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 7(2), pages 1654-1665, December.
    • Handle: RePEc:ssi:jouesi:v:7:y:2019:i:2:p:1654-1665
    DOI: 10.9770/jesi.2019.7.2(60)
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    References listed on IDEAS

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    1. Santomero, Anthony M & Siegel, Jeremy J, 1982. "A General Equilibrium Money and Banking Paradigm," Journal of Finance, American Finance Association, vol. 37(2), pages 357-369, May.
    2. Pasquariello, Paolo, 2007. "Informative trading or just costly noise? An analysis of Central Bank interventions," Journal of Financial Markets, Elsevier, vol. 10(2), pages 107-143, May.
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    Cited by:

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    2. Aygun E. Guliyeva & Marcin Lis, 2020. "Sustainability Management of Organic Food Organizations: A Case Study of Azerbaijan," Sustainability, MDPI, vol. 12(12), pages 1-20, June.
    3. Fuad Ganbarov & Klaudia Smoląg & Rashad Muradov & Konul Aghayeva & Rumella Jafarova & Yashar Mammadov, 2020. "Sustainable Development of the Mortgage Market in Azerbaijan: Commercial Risks of Housing Construction, Social Vision, and State Influence," Sustainability, MDPI, vol. 12(12), pages 1-18, June.

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    More about this item

    Keywords

    financial potential; financial stability; financial potential of enterprises; quantitative assessment of financial potential;
    All these keywords.

    JEL classification:

    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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