Open AccessThe Analysis of the Financial Condition of Small Business and the Ways of its Development in the Primorsky Territory
Author(s) -
E.V Levkina,
Nataliya Yu. Titova
Publication year - 2019
Publication title -
iop conference series. earth and environmental science
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.179
H-Index - 26
eISSN - 1755-1307
pISSN - 1755-1315
DOI - 10.1088/1755-1315/272/3/032185
Subject(s) - business , small business , work (physics) , business development , sustainable development , population , foreign direct investment , investment (military) , industrial organization , finance , marketing , economics , macroeconomics , mechanical engineering , demography , sociology , politics , political science , law , engineering
Small business is the essence of development of any economy, providing the economic growth of the national economy and the welfare of the population. In the literature, the problems of assessing the financial condition of small businesses are highlighted recently, mainly on the example of countries with developed market economies. In conditions of internal structural reorganization, creation of territories for advanced development, improvement of the institutional environment, involvement of foreign investment in small business, the assessment of the current state of small business in Primorye is particularly significant. The purpose of the research is to study the theoretical, methodological and organizational issues of assessing the financial condition of small businesses in modern conditions and to propose ways of its development. Statistical and graphical methods of investigation are used in the work. Based on the study of methodological approaches for evaluating the financial condition of small business, the research presents a refined approach to a comprehensive reflection of the results of small business at the meso-level. According to the results of the analysis advantages and disadvantages of small business were identified, there was presented the evaluation of dynamics of main indicators characterizing the financial condition of small business in Primorsky region at the meso-level. Identification of factors of development of small business allows to suggest directions of sustainable business development.