Economic Bulletin of the National Mining University

 

IssuesSectionsAuthorsKeywords

Article

Issue:2024 №1 (85)
Section:Economics of enterprise
UDK:336+005:004.9
DOI:https://doi.org/10.33271/ebdut/85.142
Article language:Ukrainian
Pages:142-153
Title:Model for assessing the effectiveness of implementing the financial strategy of an enterprise
Authors:Savchuk L. M., Ukrainian State University of Science and Technologies,
Bandorina L. M., Ukrainian State University of Science and Technologies,
Udachyna K. O., Ukrainian State University of Science and Technologies,
Savchuk R. V., Ukrainian State University of Science and Technologies,
Usenko M. P., Ukrainian State University of Science and Technologies
Annotation:Methods. In the course of studying the issues of evaluating the effectiveness of implementation of the financial strategy of enterprise, the article uses methods of generalization, systematization of terms and concepts, critical analysis in defining the essence of the concept of «financial strategy of enterprise», methods of economic and mathematical modeling – in building a component model of management of the financial strategy of enterprise, information technologies – in implementing the proposed approach. Results. A component model for managing the financial strategy of enterprise, consisting of three stages, is proposed. For each component, tasks, methods and models and the result obtained are defined. Based on the results of the first component, the type of the chosen financial strategy is determined. The second component allows obtaining forecast data of indicators necessary for assessing the effectiveness of strategy implementation. The paper develops and implements the third component of the model designed to evaluate the effectiveness of the financial strategy implementation. Novelty. The concept of financial strategy is clarified, which consists in determining the priority goals and a system of measures to achieve them in the field of financial resources formation, optimization of the capital structure and efficiency of asset use, which correspond to the general concept of enterprise development and ensure its implementation. The information system was improved on the basis of a built-in module based on the algorithm for building and implementing a financial strategy for enterprise development, which will allow: choosing economically feasible options for decisions regarding the selection and implementation of a financial strategy; correctly using the experience and subjective judgments of financial managers in making management decisions; improving functional coordination between employees of the financial department and the management of the enterprise. Practical value. To test the model, a model experiment was carried out using the financial statements of one of the operating enterprises. The results obtained indicate the efficiency and correctness of the proposed model and serve as an information basis for managerial decisions on assessing the effectiveness of measures to manage the financial strategy of enterprise. 
Keywords:Financial strategy, Component model, Enterprise, Efficiency of financial strategy implementation, Model experiment
File of the article:EV20241_142-153.pdf
Literature:
  • 1. Talavira, Ye.V., & Zolotariova, A.V. (2019). Rozrobka stratehii upravlinnia prybutkom torhivelnykh pidpryiemstv. Efektyvna ekonomika, (7). Retrieved from http://www.economy.nayka.com.ua/?op=1&z=7188 https://doi.org/10.32702/2307-2105-2019.7.34
  • 2. Blank, I.A. (2004). Finansova stratehiia pidpryiemstva. Kyiv: Nika-Tsentr; Elha
  • 3. Savchuk, L.M., Lozovska, L.I., Savchuk, R.V., Yarmolenko, L.I. (2021). Modeliuvannia zadach upravlinnia finansovoiu politykoiu pidpryiemstva. Ekonomichnyi visnyk Dniprovskoi politekhniky, (1),
  • 170-178. Retrieved from https://doi.org/10.33271/ebdut/73.170
  • 4. Udachyna, K., Bandorina, L., & Savchuk, L. (2017). Modelling the economic entity behaviour in the framework of the selected strategy. Economic Annals- XXI, 164(3-4), 85-89. doi: https://doi.org/10.21003/ea.V164-19
  • 5. Honcharenko, O.M. (2015). Finansova stratehiia: teoretychni pytannia rozrobky ta realizatsii. Visnyk sotsialno-ekonomichnykh doslidzhen, Issue
  • 1(56), 85-89. https://doi.org/10.21003/ea.V164-19
  • 6. Plikus, I.I. (2002). Metodychni pidkhody shchodo rozrobky finansovoi stratehii rozvytku pidpryiemstva. Ekonomika: problemy teorii ta praktyky, Issue 159, 90-99.
  • 7. Poddierohin, A.M. & Buriak, L.D. (2010). Finansy pidpryiemstv. Kyiv: KNEU.
  • 8. Savchuk, V.P. (2008). Stratehii ta tekhnolohii upravlinnia finansamy pidpryyemstva. Korporatyvnyi menedzhment, (5), 23-27.
  • 9. Bruslynovska, I.V., & Matvyichuk, V.I. (2018). Teoretychni aspekty formuvannia finansovoi stratehii pidpryiemstva. Ekonomika i orhanizatsiia upravlinnia, Issue 3, 100-111. DOI 10.31558/2307-2318.2018.3.11
  • 10. Dykan, V.L., Zubenko, V.O., Makovoz, O.V., Tokmakova, I.V., & Shramenko, O.V. (2013). Stratehichne upravlinnia. Kyiv: Tsentr uchbovoi literatury.
  • 11. Shevchenko, T.Ye., Lozovska, O.I. (2014). Metodychni pidkhody do upravlinnia finansovoiu stra- tehiieiu pidpryiemstva. Suchasni problemy ekonomiky ta pidpryiemnytstvo, Issue 14, 225-230.
  • 12. Yankovska, V.A. (2013). Finansova stratehiia ta yii rol u rozvytku pidpryiemstva. Visnyk NTU «KhPI», 50(1023), 182-187.
nike lunar forever 2 mens cheap shoes sale store
  • Economic theory (current issues of modern economic theory, economic history and history of economic thought);
  • International economic relations (theory and practice of international economic relations, globalization problems, specifics of socioeconomic and sustainable development of the countries of the world)
  • Entrepreneurship and economics of enterprise (theoretical and practical issues of development of branches of national economy)
  • Finances (laws and mechanisms of financial market operation, financial support of enterprises)
  • Accounting and audit (research of methodology, methods and organization of accounting, analysis, audit and audit of financial and economic activities of enterprises and the tax system)
  • Environmental management (issues of raising utilization efficiency of environmental management, resources saving issues, problems of search and feasibility study of raw material sources, directions and efficiency of the state economic policy in resource saving and environmental protection)
  • Management (theoretical and practical issues of management in economic activities)
  • Econometrics in management decision making (scientific substantiation of efficient management decision making methods in branch and enterprise economy)
  • Мarketing (theoretical and practical issues of marketing approach to branch and enterprise development)
  • Public administration (the study of state system of economy regulation, functions, management structures of different levels, the issues of organizational and economic mechanism of state support of entrepreneurship, activation of local communities’ activities)
NIKE AIR HUARACHE

Please, note the following instructions to submit your full papers to the journal: the journal will consider previously unpublished papers in Ukrainian or English languages that should relate to the theoretical and practical profile and follow the guidelines:

1. The paper limit is 8–12 pages (single-spaced type), to be submitted electronically via e-mail.

2. For authors with no Dr. Sc. degree in Economics the paper will be submitted with a review by a Dr. Sc. in Economics to justify its novelty and practical value.

3. Each paper must accompany a completed corresponding author form which includes author’s Surname, Name and Patronymic, scientific degree, academic title, work place, position, business and home postal addresses, phone and fax number, e-mail address. Also include the office of Nova Poshta, for the copy of the Bulletin issue with the author’s publication to be sent to.

4. In case the author (authors) wish to get additional copies of the issue, this should be noted separately in the author form.

Article layout

The article starts with UDC index (left aligned, no indentation)

Next line (no line skip) is the title of the article (in capital letters, full page format).

After a line skip are the author’s initials and surname, scientific degree, academic title, place of work or study, address (comma separated). Full page format.

After a line skip is the abstract (1800 characters) in the language of the article. Abstract contains information about specific scientific results obtained in the course of the study, the level of their novelty, propositions concerning their solutions and practical value of the obtained results. In the next line (no indentation) are keywords (10-12 words) in full page format.

After a line skip is the main text (two columns format) which includes the following parts:

problem statement in general and its correlation with important scientific or practical tasks;

analysis of recent papers containing the solution of the above problem for the authors to ground their research (references are required), determination of previously unsolved parts of a general problem discussed in the article;

aim of the article (statement of purpose);

materials and methods of the research with full justification of the received scientific results;

conclusions of the research and perspectives for further scientific development in the sphere.

After a line skip is References (two column format). Bibliographic description is done according to GOST DSTU 7.1:2006 “The system of standards on information, library and publishing service. Bibliographic entry. Bibliographic description. General requirements and rules of composition” (State Commission for Academic Degrees and Titles of Ukraine Bulletin, #3, 2008).

After a line skip are abstracts (1800 characters each) in English languages with keywords in the appropriate language (6-10 words), full page format. Abstracts start with the title of the article (full page format, capitalized), author’s initials and surname, scientific degree, academic title, place of work or study in italics, full page format.

Guidelines:

  • title: Times New Roman – 12 pt, bold, capitalized;
  • subheading: Times New Roman – 12 pt, bold;
  • author’s initials and surname, degree, title, place of work or study, E-mail – 12 pt, italics;
  • main text, UDC – 12 pt;
  • abstracts, keywords – 12 pt;
  • references – 10 pt.

2.5 сm upper and lower margin, 2.0 сm left and right margin, two column format for the main text and references, 0.7 cm between columns. Paragraph indentation – 1.0 cm, single spacing.

Style and format

Formulas are printed in Equation Editor (MathType v. 4–5). Figures in the paper must be included as Microsoft Word object, grouped in a separate window created as “text box” or “Word picture”. Figures must be gray shade or pattern fill. Graphs are accepted in Microsoft Excel or standard graphics editors (Corel Draw, Adobe Illustrator) inserted in the text as objects. If graphic editors are used, the figure can be submitted as separate files linked to the text. Raster graphic objects must be submitted in uncompressed TIFF format with resolution 300 dpi or higher. Images must not be compressed into JPEG or GIF format, as quality loss is inevitable. Schemes with text can be done in the above graphic editors or Microsoft Word, in the latter case every window must be done as text box connected with other boxes by lines or arrows and then grouped. Font size in figures must be 10pt or bigger. Captions should be grouped with figures, font size – 12 pt.

The Bulletin has publication fees of 900 UAH regardless of the number of pages in the article. Additionally, 100 UAH is charged for DOI prefix..

The article is reviewed within two weeks.

The journal is published on: January 30th, March 30th, June 30th, September 30th.

『アディダス』に分類された記事一覧

Address:

Department of Economic Theory and International Economic Relations, NTU "Dnipro Polytechnic", Yavornitsky Avenue, 19, Dnipro, Ukraine, 49005.

 

Telephones: +380 (56) 47-15-66, 380 (97) 115-75-45 - Senior Editor Nina Cherchenko Albertivna.

 

 E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

30 Winter Outfit Ideas to Kill It in 2020 - Fashion Inspiration and Discovery

More Articles...