Open AccessSystem of financial sustainability management of forestry enterprises of southern Ukraine
Author(s) -
Ірина Ігорівна Дядченко,
Людмила Іванівна Сахарнацька
Publication year - 2021
Publication title -
agroèkologičeskij žurnal
Language(s) - English
Resource type - Journals
eISSN - 2077-4915
pISSN - 2077-4893
DOI - 10.33730/2077-4893.1.2021.227853
Subject(s) - capitalization , business , diversification (marketing strategy) , forestry , financial stability , sustainability , normative , community forestry , organizational structure , finance , forest management , economics , geography , financial system , political science , management , ecology , philosophy , linguistics , marketing , law , biology
The article considers the possibility of more efficient use of forest resources of the steppe zone of Ukraine, including by improving the level of financial stability of forestry enterprises in the South of Ukraine. For this purpose, on the basis of well-known principles of process algorithmization, a conceptual model of formation of the financial stability management system of forestry enterprises of the South of Ukraine is proposed. The presented model is based on the economic, social and environmental components (subsystems) of forestry enterprises and in each of them the necessary directions (possible effects) for improving the financial condition of economic entities are identified. The main reasons of normative and organizational nature, which make it impossible to increase the economic potential of forestry enterprises in the South of Ukraine, are highlighted. The directions of cooperation of forestry enterprises with local self-government bodies are offered, in particular: conclusion of commercial agreements on reconstruction of existing and creation of new parks and squares, construction of sanatoriums, cultural and entertaining, development of water purification and water-preserving functions of forest plantations. The mechanism of realization of the system of management of financial stability of the forestry enterprises which is based on realization by the forestry enterprises of a complex of the corresponding organizational and technical and administrative actions is presented. which consists in the implementation of the relevant stages of the enterprise, in particular: capitalization of own assets, identification of sources of funding and diversification of activities. It is substantiated as one of the directions of diversification of forestry enterprises, creation of energy crops on forest lands that cannot be used for other needs, and production of pellets from them for further sale. In particular, based on the calculations, it is proved that the proposed direction of diversification of forest enterprises in the South of Ukraine will not only improve their financial condition, but also attract low-value lands that are unsuitable for growing forests and crops, eventually improving their structure and content.