DOI: https://doi.org/10.18371/fcaptp.v1i32.200294

PECULIARITIES OF FUNCTIONING OF MODERN INDUSTRIAL COMPANIES CONSIDERING PROBABILITY OF TERMINATION OF THEIR ACTIVITY

S. V. Hushko, O. A. Temchenko, I. I. Kryshtopa

Abstract


This article highlights theoretical and practical aspects of financial stability of modern domestic and foreign industrial companies with full cycle of extraction and processing of minerals.

It was detected that nowadays there is no clearly developed system of quantitative and target indicators of management of sustainable and efficient development of modern domestic and foreign industrial companies in conditions of uncertainty, economic instability and aggressive business environment.

Basing on the usage of world’s experience of usage of key models of multiple discriminatory analysis of assessment of probability of bankruptcy, we have developed relevant recommendations that disclose influence of negative trends on peculiarities of functioning of modern industrial leading companies and probability of termination of their activity in the nearest future.

Received scientific results and relevant financial and economic calculations must be used in context of making justified management decisions in modern industrial companies concerning provision of their successful functioning and increasing of the efficiency of their business activity with the possibility of strengthening of competitor positions on the external market of iron ore raw materials by means of implementation of programs of financial rehabilitation and anti-crisis measures in order to solve the priority tasks of updating energy-intensive and physically-worn technological complexes.

Basing on system research, the authors proposed scientific and methodical approach to substantiation of influence of key aspects of functioning of modern industrial domestic and foreign companies on the efficiency of their activity considering implementation of financial strategies of support and further effective usage of mineral deposits in difficult economic conditions.


Keywords


industrial companies; financial stability; bankruptcy; model; financial position; mining industry.

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References


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GOST Style Citations


Taffler R. Going, going, gone — four factors which predict / R. Taffler, H. Tisshaw // Accountancy. 1977. — Vol. 88. — P. 50—54.

Conan J. Explicatives variables of performance and management control : Doctor’s thesis / J. Conan, M. Holder // CERG. Universite Paris Dauphine. — 1979.

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Karamzadeh M. S. Application and Comparison of Altman and Ohlson Models to Predict Bankruptcy of Companies [Electronic resource] / M. S. Karamzadeh // Research Journal of Applied Sciences, Engineering and Technology. 2013. — № 5 (6). — P. 2007—2011. — Available at : http://www.maxwellsci.com/print/rjaset/v5-2007-2011.pdf.

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Salim M. N. An analysis of bankruptcy likelihood on coal mining listed firms in the indonesian stock exchange: an Altman, Springate and Zmijewski approaches [Electronic resource] / M. N. Salim and Sudiono // Eurasian Journal of Economics and Finance. 2017. — Vol. 5 (3). — Р. 99—108. — Available at : http://eurasianpublications.com/Eurasian-Journal-of-Economics-and-Finance/Vol.-5-No.3-2017/EJEF-8.pdf.

Temchenko O. A. Substantiation for mining and concentrating enterprises’ financial stability based on integral bankruptcy indicators // O. A. Temchenko, I. I. Kryshtopa // Financial and credit activity: problems of theory and practice. — 2017. — Vol. 2. — № 23. — Р. 241—250.

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Copyright (c) 2020 S. V. Hushko, O. A. Temchenko, I. I. Kryshtopa

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ISSN (print) 2306-4994, ISSN (on-line) 2310-8770