Open AccessSTRENGTHENING THE FINANCIAL CONDITION OF CONSTRUCTION COMPANIES BASED ON INCREASING THE EFFICIENCY OF STAKEHOLDER RELATIONS
Author(s) -
Dmytro Zubarev
Publication year - 2021
Publication title -
bìznes-navìgator
Language(s) - English
Resource type - Journals
eISSN - 2707-6172
pISSN - 2522-4751
DOI - 10.32847/business-navigator.63-13
Subject(s) - stakeholder , stakeholder theory , business , profitability index , stakeholder analysis , identification (biology) , order (exchange) , industrial organization , finance , economics , management , botany , biology
It is established that in recent years the level of financial condition of construction companies has been declining. In particular, there is a reduction in the level of profitability, financial autonomy, slowdown in strengthening the production and economic potential, the level of use of assets and sources of funding. It is proved that in order to strengthen the financial condition of construction companies there is a need to increase the level of efficiency of stakeholder relations.The purpose of the study, which is to determine the causal links between the growth of the level of stakeholder relations of construction companies and strengthening the financial condition. To achieve this goal the following tasks are solved: identification of factors influencing the formation of stakeholder relations of construction companies; formation and determination of an integrated indicator of the level of stakeholder relations; identification of factors influencing the formation of a generalized indicator of the financial condition of construction enterprises; economic and mathematical modeling of the influence of the integrated indicator of the level of stakeholder relations on the generalizing factor of the financial condition; development of measures to strengthen the financial condition by increasing the level of stakeholder relations of construction companies.A theoretical and methodological approach to assessing the level of stakeholder influence is proposed, which is based on the formation of information and analytical support for the operation of construction companies, a system of indicators for stakeholder interaction, local and integrated models, which allowed to determine the generalizing factor of stakeholder influence. to make informed management decisions.Economic and mathematical modeling of the integrated indicator of the level of influence of stakeholders and the generalizing factor of financial condition of construction enterprises, which are determined by the directions of model development and evaluation of their adequacy criteria based on correlation and regression analysis, which allowed to form the economic basis of stakeholder relations.