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Monitoring of industrial enterprises' performance in emerging economy: a case study

Author

Listed:
  • Ainur Karipova

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

  • Gulmira Kabdullina

    (South Ural State University, Russian Federation)

  • Gizat Kenesheva

    (Karaganda Economic University of Kazpotrebsoyuz, Kazakhstan)

  • Madina Tursumbaeva

    (Kazakh University of Economy, Finance and International Trade, Kazakhstan)

  • Saltanat Kapysheva

    (Kazakh University of Economy, Finance and International Trade, Kazakhstan)

  • Zhanna Nurgalieva

    (Kazakh University of Economy, Finance and International Trade, Kazakhstan)

Abstract

Business monitoring and reporting issues receive close attention. Nationalization of indicators, creation of a statistical database, determination of data sources and methodology for their calculation are in the priority of state policy, especially in a crisis, when enterprises are required to improve production efficiency, competitiveness and effective forms of management in production management. An important role in the implementation of this task is assigned to monitoring the financial condition of enterprises, since it is one of the most effective methods for diagnosing the economic activity of enterprises. Analytical materials prepared during the monitoring process help to carry out a comprehensive analysis and forecast of the financial position of the enterprise and, thereby, to obtain a real assessment of the enterprise's capabilities.The article examines the current state of industry in Kazakhstan, analyzes the problems hindering its development, presents the author's vision of their solution. On the basis of modern scientific and applied literature, various approaches to the formation of the concepts of financial monitoring, methods of analyzing the financial condition of an organization are widely presented.

Suggested Citation

  • Ainur Karipova & Gulmira Kabdullina & Gizat Kenesheva & Madina Tursumbaeva & Saltanat Kapysheva & Zhanna Nurgalieva, 2020. "Monitoring of industrial enterprises' performance in emerging economy: a case study," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(2), pages 1177-1196, December.
    • Handle: RePEc:ssi:jouesi:v:8:y:2020:i:2:p:1177-1196
    DOI: 10.9770/jesi.2020.8.2(70)
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    References listed on IDEAS

    as
    1. Rysty BERSTEMBAYEVA & Danagul TLEUZHANOVA & Zhanar TOYZHIGITOVA & Aldanysh NURUMOV & Araylim ORAZGALIYEVA & Galiya KISHIBEKOVA, 2017. "Financial Aspects of Integration in the Conditions of Formation of the Eurasian Economic Union," Journal of Advanced Research in Law and Economics, ASERS Publishing, vol. 8(4(26)), pages 1088-1093.
    2. repec:srs:journl:jarle:v:8:y:2017:i:4(26):p:1088-1093 is not listed on IDEAS
    3. repec:srs:journl:jarle:v:8:y:2017:i:6:p:1671-1677 is not listed on IDEAS
    4. Aigerim ABELDANOVA & Zhanara SMAILOVA & Gaukhar TASPENOVA & Gilash UASHOV & Zhanna AUBAKIROVA & Natalya KOZLOVA, 2017. "Modelling the Functional System of Small Business Development in the Republic of Kazakhstan," Journal of Advanced Research in Law and Economics, ASERS Publishing, vol. 8(6), pages 1671-1677.
    5. repec:ssi:jouesi:v:1:y:2019:i:1:p:48-57 is not listed on IDEAS
    6. Sergejs Hilkevics & Valentina Semakina, 2019. "The classification and comparison of business ratios analysis methods," Insights into Regional Development, VsI Entrepreneurship and Sustainability Center, vol. 1(1), pages 48-57, March.
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    More about this item

    Keywords

    innovation; industry; investment; monitoring; accounts receivable; profit; loss; Kazakhstan;
    All these keywords.

    JEL classification:

    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy

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