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Financial Resilience as a Background of the International Business Development
Savchenko M. V., Shkurenko O. V.

Savchenko, Maryna V., and Shkurenko, Olga V. (2019) “Financial Resilience as a Background of the International Business Development.” Business Inform 10:96–104.
https://doi.org/10.32983/2222-4459-2019-10-96-104

Section: Economic and Mathematical Modeling

UDC 658.1

Abstract:
The article is aimed at developing the theoretic-methodological provisions for the management of financial resilience and solvency of international business entities. As result of the research it is found that the success of functioning and development of international business entities depends on financial stability and solvency. The main features of the financial resilience of enterprise are systematized, which allows defining financial stability as the ability of enterprise to develop steadily in the conditions of risky internal and external environment in order to maximize financial results and extended reproduction. The relationship between the financial resilience of international business entities and such categories as financial security, flexibility, stability, balance and solvency is determined. It is emphasized that in defining the system of financial stability goals and in management of solvency, it is necessary to use a comprehensive approach, which is to show the economic opportunities of enterprise according to the changes in the competitive environment. Also certain features of management of financial resilience and solvency of international business entities are allocated. A comprehensive assessment of financial resilience for PrJSC «ArtWinery» for the period of 2008-2018 is carried out on the basis of use of taxonomic indicator. The forecast values of the financial resilience of the international business entity, as well as the upper and lower limits of confidence intervals for 2019-2020, are calculated, which will allow elaborating the strategic directions of its development. Prospects for further research in this direction are substantiation for the development of a mechanism to manage the financial resilience and solvency of international business entities, and, at the conceptual level, refinement of some concepts and their logical use in practical activities.

Keywords: subject of international business, financial resilience, solvency, integral indicator, management instruments.

Fig.: 7. Tabl.: 1. Formulae: 4. Bibl.: 28.

Savchenko Maryna V. – Doctor of Sciences (Economics), Professor, Head of the Department, Department of International Economic Relations, Vasyl’ Stus Donetsk National University (21 600-richchia Str., Vinnytsia, 21021, Ukraine)
Email: [email protected]
Shkurenko Olga V. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Business Logistics and Transport Technologies, State University of Infrastructure and Technologies (of. 19, 9 Kyrylivska Str., Kyiv, 04071, Ukraine)
Email: [email protected]

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