Assessing the financial security of the engineering enterprises as preconditions of application of anti-crisis management: practical aspect

This article [written by Oleksandr Sylkin, Andriy Shtangret, Olha Ogirko, Alexander Melnikov] – published in Business and Economic Horizons, Volume 14(4), 2018.

Title: Assessing the financial security of the engineering enterprises as preconditions of application of anti-crisis management: practical aspect

Abstract: Today, engineering enterprises in Ukraine are experiencing poor development. The crisis development of many domestic engineering enterprises is reinforced by both internal and external factors, so it is critical to develop new methodologies to comprehensively estimate their level of financial security, thus serving as the information basis for the application of anti-crisis management. The objective of the study is to develop a model to assess the financial security of engineering enterprises. The subjects of the study are the activities of the top ten engineering enterprises in Ukraine for the period 2013-2017. The purpose of our research is to form a methodical approach to assess the financial security of engineering enterprises, which would become the basis for applying a certain type of anti-crisis management and encouragement in domestic engineering enterprises. The results of the study made it possible to form and implement a model to assess financial security, which will help to establish the need to apply anti-crisis management in an enterprise.

Keywords: Financial security; engineering enterprises; anti-crisis management; assessing the financial security of the enterprise

Citation: Sylkin, Oleksandr; Shtangret, Andriy; Ogirko, Olha; Melnikov, Alexander (2018). “Assessing the financial security of the engineering enterprises as preconditions of application of anti-crisis management: practical aspect”, Business and Economic Horizons, Vol.14, Issue4, pp.926-940. DOI: http://dx.doi.org/10.15208/beh.2018.63