Systematization of trade enterprise’s financial potential elements
Keywords:
financial potential, system, systematization, financial resources, financial safetyAbstract
Background. Contemporary economic conditions in many countries in the world are characterized with high difficulty of providing financial activity by companies because of uncertainty and instability of the external environment, variability of financial markets and sales markets. In such conditions it’s very important for financial managers to be able to manage the financial potential of the company with high level of efficiency. Financial potential of the company, in turn, is a complex system whose elements need to be organized.
Analysis of resent researches and publications showed that the issue if financial potential of enterprise is widely discussed in economic literature, but there is no the justified approach to the definition of financial potential and systematization of its elements.
The aim of the article is to develop the systematization of the trade enterprise financial potential elements on the base of substantive and content characteristics of this economic category and the application of the theory of systems elements.
Materials and methods. The methods of analysis, synthesis and logical generalization were used for the research.
The results of the research. Main principles of company’s financial potential systematization are: system (unity); targeting a constructive approach to systematization; hierarchical construction; the similarities and differences of essential features, processes, phenomena that contribute to a deeper disclosure of the essence of these elements; orientation to the mixed concept of financial potential of the enterprise; flexibility; interconnection with other manifestations (types) of the company’s potential. Systematization of trade enterprise financial potential provides the allocation of three blocks of elements: 1) resources for financial activity implementation; 2) competences for financial activity implementation; 3) financial safety. Each block consists of elements of the next level of hierarchy.
Conclusion. Developed systematization of trade enterprise financial potential elements could be used for further methodological principles and methodical tools of financial potential assessment development.
References
Bakanov M. I., Mel'nik M. V., Sheremet A. D. Teorija jekonomicheskogo analiza. M. : Finansy i statistika, 2005. 536 s.
Barngol'c S. B., Mel'nik M. V. Metodologija jekonomicheskogo analiza dejatel'nosti hozjajstvujushhego sub#ekta. M. : Finansy i statistika, 2003. 240 s.
Bachevs'kyj B. Je., Zablods'ka I. V., Reshetnjak O. O. Potencial i rozvytok pidpryjemstva. Kyi'v : Centr uchb. l-ry, 2009. 400 s.
Krasnokuts'ka N. S. Potencial torgovel'nogo pidpryjemstva : teorija ta metodologija doslidzhennja. Kyi'v : Kyi'v. nac. torg.-ekon. un-t, 2010. 247 s.
Lapin E. V. Jekonomicheskij potencial predprijatija. Sumy : Univ. kn., 2002. 310 s.
Fedonin O. S., Repina I. M., Oleksjuk O. I. Potencial pidpryjemstva: formuvannja ta ocinka. Kyi'v : KNEU, 2004. 316 s.
Nagornjuk O. V. Shhodo sutnosti finansovogo potencialu pidpryjemstva. Biznes Inform. 2017. № 10.
Kartashov V. A. Sistema sistem. Ocherki obshhej teorii i metodologii. M. : ProgressAkademija, 1995. 326 s.
Surmin Ju. P. Teorija sistem i sistemnyj analiz. Kiїv : MAUP, 2003. 368 s.
Daneljan T. Ja. Teorija sistem i sistemnyj analiz. M. : Izd. centr EAOI, 2010. 303 s.
Toper M. M. «Obshhaja teorija sistem» L. fon Bertalanfi. Problemy issledovanija sistem i struktur : materialy konf., M., 1965. S. 49–52.
Bertalanffy L. General System Theory – A Critical Review. General Systems. 1962. Vol. 7. P. 1–20.
Nagornjuk O. V. Funkcii' ta pryncypy systematyzacii' elementiv finansovogo potencialu pidpryjemstva. Infrastruktura rynku. 2017. Vyp. 13.
Selivanova Ju. V. Finansovyj potencial kak faktor razvitija biznesa v konkurentnoj rynochnoj srede. Vіsn. Donec'k nac. un-tu, 2013. Vip. 1. S. 149–155. Serіja V : Ekonomіka і pravo.
Ponomarenko N. O. Optymal'na struktura finansovogo potencialu jak peredumova efektyvnogo jogo vykorystannja. URL : http://ena.lp.edu.ua:8080/bitstream/ntb/497/1/34.pdf.
Kajgorodov A. G., Shekshuev A. V. Jekonomicheskij i finansovyj potencial predprijatija: problemy sistematizacii i vzaimosvjazi. Vestn. Ivanovskogo gos. un-ta. Vyp. 2 (24). 2015. S. 13–21. Serija : Jekonomika.
Blakyta G. V. Finansova strategija torgovel'nyh pidpryjemstv: metodologichni ta prykladni aspekty. Kyi'v : Kyi'v. nac. torg.-ekon. un-t, 2010. 548 s.
Sytnyk G. V. Finansy torgivli. Kyi'v : Kyi'v. nac. torg.-ekon. un-t, 2014. 672 s.
Blank I. A. Upravlenie finansovymi resursami. M. : Omega-L ; OOO «Jel'ga», 2010. 768 s.
Jensen M. C. Agency costs of free cash flow, corporate finance and Takeovers. American Economic Review. 1986. Vol. 76. № 2. Р. 323–329.
Lary H. P. Lang. A test of Free Cash Flow Hypothesis. Journal of Financial Economics. 1991. Vol. 29. Р. 315–335.
Agrawal A., Jarayaman N. The Dividend Policies of All-Equity Firms: A Direct Test of the Free Cash Flow Theory. Managerial and Decision Economics. 1994. Vol. 15. P. 139–148.
Vil'nyj groshovyj potik. URL : http://toplutsk.com/articles-article_626.html.
Free Cash Flow. URL : http://www.investopedia.com/terms/f/freecashflow.asp.
Prahalad C. K., Hamel G. The Core Competence of the Corporation. Harvard Business Review. 1990. May-June. P. 79–91.
Mooney А. Core competence, distinctive competence, and competitive advantage: What is the difference? Journal of Education for Business. 2007. № 83. Р. 110–115.
Chandler A. D. Organizational Capabilities and the Economic History of the Industrial Enterprise. The Journal of Economic Perspectives. 1992. Vol. 6. № 3. Р. 79–100.
Karpenko G. V., Dan'kevych A. P. Finansovi innovacii': pytannja teorii' ta mozhlyvosti vprovadzhennja v ekonomiku krai'ny. Finansy Ukrai'ny. 2008. № 9. S. 49–53.
Fedulova L., Lebedjeva N. Finansovi innovacii' v modernizacii' ekonomichnoi' systemy. Svit finansiv. 2011. № 4. S. 7–18.
Mulyk Ja. I. Sutnist' ponjattja «finansova bezpeka pidpryjemstva»: systematyzacija naukovyh pogljadiv : zb. nauk. pr. Vinnyc. nac. agrar. un-tu. 2013. № 3 (80). S. 195–206.
Aref’jeva O. V., Kuzenko T. B. Ekonomichni osnovy formuvannja finansovoi' skladovoi' ekonomichnoi' bezpeky. Aktual. probl. ekonomiky. 2009. № 1. S. 98–103.
