The methodical approach of bankruptcy probability estimation in an anti-crisis management system of enterprise

Authors

  • Dr. Inna Neskorodieva V. N. Karazin Kharkiv National University
  • Dr. Nikolay Megits Webster University
  • Dr. Vladimir Rodchenko Karazin Business School. V. N. Karazin Kharkiv National University
  • Dr. Svitlana Pustovhar International Economic Relations and Finance Department, Kyiv National University of Trade and Economics, Kharkiv Institute of Trade and Economics
  • Dr. Oleksand Stamatin

DOI:

https://doi.org/10.15549/jeecar.v6i2.332

Keywords:

anti-crisis management, insolvency, bankruptcy risk, financial standing, financial stability.

Abstract

The article presents the methodical approach to anti-crisis management system development for metallurgical enterprises of Ukraine, which is aimed at bankruptcy probability estimation based on financial indicators. The methodical approach is implemented by means of defining the indicators of the enterprise bankruptcy; integrated solvability index calculation; integrated solvability index limits definition by the class of enterprise depending on the risk of the enterprise bankruptcy. The elaborated methodical approach is the instrument for preventive anti-crisis management at the enterprises of Ukraine due to its direction at determining early marks of insolvency. Approbation results for the elaborated methodical approach at metallurgical enterprises testified high bankruptcy risk caused by the enterprise loss-making activity, which has a negative impact on the current financial standing and poses the potential threat of bankruptcy resulting from the lack of self-finance sources, thus, reducing the enterprise financial stability and creditworthiness.

Author Biographies

Dr. Inna Neskorodieva, V. N. Karazin Kharkiv National University

Professor

Dr. Vladimir Rodchenko, Karazin Business School. V. N. Karazin Kharkiv National University

Professor

Dr. Svitlana Pustovhar, International Economic Relations and Finance Department, Kyiv National University of Trade and Economics, Kharkiv Institute of Trade and Economics

Senior Lecturer

Dr. Oleksand Stamatin

Starsen LLC.

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Published

2019-11-30

How to Cite

Neskorodieva, I., Megits, N., Rodchenko, V., Pustovhar, S., & Stamatin, O. . (2019). The methodical approach of bankruptcy probability estimation in an anti-crisis management system of enterprise. Journal of Eastern European and Central Asian Research (JEECAR), 6(2), 259–269. https://doi.org/10.15549/jeecar.v6i2.332

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