Управлiння фінансовою стійкістю підприємства

Abstract

The article examines the financial stability of an enterprise as a complex, multifactorial, economic category, reflecting the achievement of a state of financial equilibrium and the ability not only to maintain at the appropriate level, for some time, the main indicators of th e enterprise, but also to create conditions for further expansion of its activities. For this, it is proposed to use a hierarchical model, in which a certain financial condition corresponds to each level of financial stability of the enterprise. In the hierarchical model, the financial condition of the enterprise can be absolutely stable, normal, unstable and crisis. Under the influence of internal and external factors, the financial condition of the enterprise may change over time, depending on the intensity of transitions from level to level of the hierarchical model. The relationship between the hierarchical levels of financial stability of an enterprise and its possible changes under the influence of various factors is shown. For each level of the financial stability hierarchy, the values of the integral indicator and indicators of the financial stability of the enterprise are determined. As an output integral indicator for each level of the hierarchy, the return on equity is established, which is influenced by a set of independent factors in the activities of the enterprise. The hierarchical model of managing the financial stability of an enterprise allows you to create the most favorable conditions for the transition from level to level: with a fall in financial stability, determine the trend of transition from absolutely stable to normal, from normal to unstable and after it - to a crisis state, and with an increase in the level of financial stability, it is considered the possibility of transition first to an absolutely stable level, then to a normal financial condition and, thus, to determine the optimal level of financial stability.