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Model for assessment of long-term financial sustainability of the producing sector enterprises


Maria Petrovskaya, Ivan Sukhanov
(about the authors)

Petrovskaya Maria V. – Candidate of Science, Economics, Associate Professor, Chair of Accounting, Audit and Statistics, Economic Faculty (Peoples’ Friendship University of Russia )

Sukhanov Ivan V. – 4th year Postgraduate, Chair of Accounting, Audit and Statistics, Economic Faculty (Peoples’ Friendship University of Russia )

Published in:
Russian Journal of Entrepreneurship
– Volume 17, Number 4 (February, 2016)



Keywords: financial analysis, financial state condition, financial sustainability, funding sources


Citation:
Maria Petrovskaya, Ivan Sukhanov (2016). Model for assessment of long-term financial sustainability of the producing sector enterprises. Russian Journal of Entrepreneurship, 17(4), 483-490. doi: 10.18334/rp.17.4.34960


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Abstract:

The increase of crisis events in the economy considerably raises the threshold of the safe level of the enterprises’ financial sustainability, especially in the producing sectors with a long operating cycle. In this situation, the issue of forecast and analysis of a promising financial sustainability of an enterprise becomes relevant, that’s why we have proposed a balanced model on the basis of an aggregated index of long-term financial sustainability. The use of this model enables to assess different development scenarios of an enterprise with account of the level of its financial sustainability and to choose the most optimal one. This research may be used in practice for increasing the financial state level and also for further works on this subject and related ones.







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