Analysis of factors that affect the financial stability of the enterprise
Journal Title: Економіка. Фінанси. Право - Year 2019, Vol 5, Issue
Abstract
Introduction. The article states that the activity of any enterprise in the context of increasing globalization processes in the economy is constantly exposed to various uncertain factors caused by the instability of the political situation in the country and the growing competition in the market. These factors can lead to both positive and negative changes in the activities of the enterprise. Purpose. The purpose of the article is to study the factors affecting the financial stability of the enterprise for various reasons. Results. The article presents the classification of factors influencing the financial stability of an enterprise and identifies those that have the greatest impact on it. External and internal factors are considered, and also features of the first are allocated. To determine the degree of influence of the external environment on the activities of the enterprise, the method of T.E.M.P.L.E.S. was applied, and the main factors of the external environment were identified. During the T.E.M.P.L.E.S.-analysis, technological, environmental, market, political, legislative and social factors were considered. According to the degree of significance factors are divided into basic, derivative and detailing. It was noted that with a constant need for resources and a simultaneous decrease in the own financial resources of enterprises, it becomes necessary to borrow them, which in turn leads to an increase in the price of borrowed resources, and the possibility of using them to increase the return on equity can be complicated, as a result. Conclusion. Solving the problem of ensuring financial stability is achieved by analyzing the internal and external factors affecting the financial sustainability of an enterprise. Only through the development of a personal management system of financial sustainability factors can we identify the most significant factors affecting financial sustainability and develop an effective system of actions to overcome them.
Authors and Affiliations
Tetiana Oleksandrivna Tokhtamysh, Kostiantyn Oleksiiovych Mudryi
Keywords
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