Open AccessPECULIARITIES OF FUNCTIONING OF MODERN INDUSTRIAL COMPANIES CONSIDERING PROBABILITY OF TERMINATION OF THEIR ACTIVITY
Author(s) -
Serhii Hushko,
Олександр Темченко,
Iryna Kryshtopa
Publication year - 2021
Publication title -
fìnansovo-kreditna dìâlʹnìstʹ: problemi teorìì̈ ta praktiki
Language(s) - English
Resource type - Journals
eISSN - 2310-8770
pISSN - 2306-4994
DOI - 10.18371/fcaptp.v1i32.200294
Subject(s) - bankruptcy , context (archaeology) , business , order (exchange) , financial crisis , risk analysis (engineering) , industrial organization , finance , economics , paleontology , biology , macroeconomics
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.