ILLICIT FINANCIAL FLOWS OF ECONOMIC SUBJECTS: VALUE ASPECT
Journal Title: Причорноморські економічні студії - Year 2018, Vol 33, Issue
Abstract
The paper investigates trends and volumes of shadow capital extraction. The main directions of its influence on the level of financial and economic development of the country are investigated. On the basis of the analysis of trends in the level of GDP and the shadowing of the economy, the existence of an inverse relationship between the analyzed indicators has been proved. The practicality of studying the effect of shadow financial flows on the indicators of the value of business entities, as those that occupy the largest share in the structure of shadow operations of Ukraine, is grounded. These days it is proved that the key vector of financial management of enterprises is the value-based management (VBM). The value estimation of economic subjects on the basis of balance method by calculation of EVA (economic value added) index is offered to carry out. The channels and directions of influence of shadow operations on the level of enterprise value are analyzed. The most widespread methods of illegal extraction of capital by economic entities are determined.
Authors and Affiliations
Yu. H. Humenna, I. V. Tiutiunyk
Keywords
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- EP ID EP659040
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