Batkovskiy A.M., Kravchuk P.V., Mingaliev K.N., Styazhkin A.N.Published in:
Russian Journal of Innovation Economics
– Volume 9, Number 3 (July-September 2019)

JEL classification: D04, G00, G30, O12, O3

Keywords: analysis, financial condition, innovation-active enterprises, methods


Share:

Abstract:

The definition and general characteristics of innovation-active enterprises are given. Various methodological approaches to the analysis of the financial condition of innovation-active enterprises are considered. The complex approach to the assessment of this condition is investigated. The indicators of system assessment, taking into account the specifics of financial activity of innovation-active enterprises. Various characteristics of the main methods implementing an integrated approach to the assessment of the financial condition of enterprises are presented. The approbation of an integrated approach to the analysis of the financial condition of innovation-active enterprises by calculating the probability of bankruptcy of a conventional enterprise of the radio-electronic industry, taking into account the values of the coefficients of assessment of its financial condition, is given. The results of the assessment of the financial condition of enterprises in this industry are presented.

Highlights:

The specificity of the analysis of the financial state of innovation-active enterprises is investigated. It requires an assessment not only of their economic activities, but also of the financial risks of innovation. In the current difficult economic conditions, the solution of this problem in the considered system formulation is a prerequisite for the sustainable development of innovatively active enterprises. The theoretical foundations of the study are based on a synthesis of advanced domestic and foreign experience in analyzing the financial condition of enterprises engaged in innovation activity, and taking into account the factors that affect its effectiveness. The synthesis of a number of provisions of these theories, carried out on the basis of synergetic methodology, made it possible to develop certain aspects of the theory of optimal management of innovatively active enterprises in analyzing their financial condition. The results of the study are recommended for use in developing programs and plans for the innovative development of enterprises, integrated structures and industries, as well as in the process of regulating their production and business activities.

---

References:
Avdonin B.N., Batkovskiy A.M., Batkovskiy M.A., Bulava I.V., Mingaliev K.N. (2010). Finansovoe ozdorovlenie i razvitie predpriyatiy radioelektronnogo kompleksa v period postkrizisnogo vosstanovleniya i modernizatsii rossiyskoy ekonomiki [Financial recovery and development of radioelectronic enterprises in the period of post-crisis recovery and modernization of the Russian economy] M.: Kreativnaya ekonomika. (in Russian).
Avdonin B.N., Batkovskiy A.M., Mingaliev K.N., Batkovskiy M.A. (2014). Razvitie instrumentariya otsenki finansovoy ustoychivosti predpriyatiy oboronno-promyshlennogo kompleksa [The development of tools for assessment of financial stability of enterprises of the military-industrial complex]. International accounting. (11(305)). 55-66. (in Russian).
Batkovskiy A.M. (2011). Modeli formirovaniya i otsenki programmy innovatsionnogo razvitiya ekonomicheskoy sistemy [Models of formation and evaluation of the program of innovative development of economic system]. Financial Analytics: Science and Experience. (9(51)). 14-23. (in Russian).
Batkovskiy A.M. (2011). Modelirovanie protsessa soglasovaniya ekonomicheskikh resheniy pri formirovanii i realizatsii programm innovatsionnogo razvitiya radioelektronnoy promyshlennosti [Modeling the process of coordination of economic decisions when forming and Implementing innovative development programs in the electronic industry]. Russian Journal of Entrepreneurship. (3). 112-116. (in Russian).
Batkovskiy A.M. (2012). Obschaya kharakteristika innovatsionnoy deyatelnosti ekonomicheskikh sistem [Common characteristic of economic systems’ innovative activity]. Journal of International Economic Affairs. 2 (1). 3-9. (in Russian).
Batkovskiy A.M. Batkovskiy M.A., Kalachanov V.D. (2014). Optimizatsiya protsessov kontsentratsii i spetsializatsii proizvodstva produktsii v oboronno-promyshlennom komplekse [Optimization of processes of concentration and specialization of production in the military-industrial complex]. Radiopromyshlennost. (3). 171-181. (in Russian).
Batkovskiy A.M., Batkovskiy M.A., Gordeyko S.V., Merzlyakova A.P. (2011). Otsenka ekonomicheskoy ustoychivosti predpriyatiy oboronno-promyshlennogo kompleksa [Perfection of the analysis of the financial stability of the enterprise]. Audit and financial analysis. (6). 120-126. (in Russian).
Batkovskiy A.M., Bulava I.V., Mingaliev K.N. (2009). Makroekonomicheskiy analiz urovnya i vozmozhnostey finansovogo obespecheniya voennoy bezopasnosti Rossii [Macroeconomic analysis of the level and possibilities of financial support of Russia's military security]. National interests: priorities and security. (21(54)). 58-65. (in Russian).
Batkovskiy A.M., Bulava I.V., Yaroshuk M.P. (2009). Analiz innovatsionnyh proektov pri formirovanii programmy innovatsionnogo razvitiya ekonomicheskoy sistemy [Analysis of innovative projects in the formation of the program of innovation development of the economic system]. Creative economy. (11(35)). 71-74. (in Russian).
Batkovskiy A.M., Klochkov V.V., Fomina A.V. (2015). Vliyanie otraslevoy struktury na effektivnost proizvodstva v oboronno-promyshlennom komplekse [Influence industry strutstury on production efficiency in the defense-industrial complex]. Radiopromyshlennost. (2). 186-201. (in Russian).
Fomina A.V., Avdonin B.N., Batkovskiy A.M., Batkovskiy M.A. (2014). Upravlenie razvitiem vysokotekhnologichnyh predpriyatiy naukoemkikh otrasley promyshlennosti [Managing the development of high-tech enterprises high-tech industries] M.: Kreativnaya ekonomika. (in Russian).
Ignateva E.V. (2015). Metodika analiza finansovogo sostoyaniya predpriyatiya [The method of analysis of the financial condition of the company]. The young scientist. (5). 272-275. (in Russian).
Mingaliev K.N., Batkovskiy A.M., Batkovskiy M.A., Bulava I.V., Bozhko V.P., Pustovitova T.I., Treyger E.M., Yaroshuk M.P. (2010). Finansovoe ozdorovlenie predpriyatiy v usloviyakh retsessii i postkrizisnogo razvitiya rossiyskoy ekonomiki (teoriya i instrumentariy) [Financial rehabilitation of enterprises in the recession and post-crisis development of the Russian economy (theory and tools)] M.: MAOK. (in Russian).
Pavlov A.Yu., Bondin I.A., Pavlova D.Yu. (2017). Povyshenie finansovogo potentsiala kompanii na osnove realizatsii investitsionnoy strategii [Improving company''s financial potential on the basis of implementation of the investment strategy]. Russian Journal of Entrepreneurship. 18 (20). 2993-3002. (in Russian). doi: 10.18334/rp.18.20.38399.
Petrovskaya M.V., Sukhanov I.V. (2016). Model otsenki dolgosrochnoy finansovoy ustoychivosti predpriyatiy proizvodstvennogo sektora [Model for assessment of long-term financial sustainability of the producing sector enterprises]. Russian Journal of Entrepreneurship. 17 (4). 483-490. (in Russian). doi: 10.18334/rp.17.4.34960.
Somenkova N.S. (2017). Sovershenstvovanie metodiki otsenki effektivnosti innovatsionnogo razvitiya predpriyatiya [Improvement of a technique of efficiency assessment of innovative development of the enterprise]. Russian Journal of Entrepreneurship. 18 (6). 945-956 . (in Russian). doi: 10.18334/rp.18.6.37657.
Verevka T.V. (2018). Otsenka effektivnosti khozyaystvenno-finansovoy deyatelnosti i rezultativnosti upravleniya vysokotekhnologichnyh predpriyatiy [Efficiency assessment of economic and financial activity and performance of management of high-tech enterprises]. Russian Journal of Entrepreneurship. (2). 445-456. (in Russian). doi: 10.18334/rp.19.2.38834.
Yakovleva E.A., Kozlovskaya E.A., Boyko Yu.V. (2018). Otsenka innovatsionnogo potentsiala predpriyatiya na osnove stoimostnogo podkhoda [Evaluation of the innovative potential of the enterprise based on the cost approach]. Russian Journal of Innovation Economics. 8 (2). 267-282. (in Russian). doi: 10.18334/vinec.8.2.39139.
Модель АльтманаВикипедия. (in Russian). Retrieved from https://ru.wikipedia.org/wiki/Модель_Альтмана
Портрет Российской радиоэлектроникиАО ЦНИИ «Электроника». (in Russian). Retrieved from http://www.instel.ru/news/single.php?ELEMENT_ ID=932
Проект «Стратегии развития электронной промышленности России»Информационно-аналитический центр современной электроники. (in Russian). Retrieved from http://www.sovel.org
Рейтинг организаций радиоэлектронной промышленностиАО «ЦНИИ «Электроника», «Электроника: Наука, Технология, Бизнес», «БДО Юникон». (in Russian). Retrieved from http://instel.ru/upload/iblock/0b9/reiting_ design_mail.pdf