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World Experience Adaptation Of Anti-Crisis Management Of Enterprises In The Conditions Of National Economy’S Transformation

Author

Listed:
  • Svitlana Khalatur

    (Dnipro State Agrarian and Economic University, Ukraine)

  • Lesia Kriuchko

    (Dnipro State Agrarian and Economic University, Ukraine)

  • Anna Sirko

    (Dnipro State Agrarian and Economic University, Ukraine)

Abstract

The purpose of the article is to systematize and generalize the experience of leading countries to form and implement an effective crisis management system; to clarify the role of the state in the formation and implementation of anti-crisis regulation strategy of the real sector of the economy, as well as to substantiate the main methodological provisions of its formation. The subject-matter of the study is the methodological and conceptual foundations of the process of the effective crisis management system of the USA, China, Japan, the EU and Ukraine. Methodology. The research is based on the set of well-known general scientific and special methods of research in economics. In particular, the dialectical method, the method of scientific abstraction, the method of systematic analysis, economic and mathematical modeling has been used in the article. Conclusion. The world experience of solving the problems of enterprise bankruptcy is generalized. The experience of the USA, Japan, China, the countries of the European Union is considered. The econometric model taking into account the heteroskedasticity of the residues shows that an increase of 1% Central government debt, bank capital to assets ratio, expense, exports of goods and services, foreign direct investment, net inflows will increase GDP by 2.41%, 1.53%, 1.23%, 2.03%, and 1.19% respectively in the studied countries. Examining the experience in the field of crisis management, it should be noted that in Europe there is a selective approach aimed at stimulating the activities of specific companies; public sector priorities are education, health care, pensions, and the labor market. In addition, in some countries in order to find innovative structures of enterprises, increase their competitiveness and efficiency, out of the crisis, the development of privatization programs is used, which in each country have their own characteristics. World experience shows that the models of anti-crisis management constructed in different countries of the world provide various potential opportunities for progressive socio-economic changes. However, none of them can be used in its pure form in the formation of anti-crisis management policy in Ukraine. This is due to the conditions of accumulation of this experience by countries, the formation of mechanisms and institutions in a balanced economy, differences in the construction of financial and credit mechanisms, and so on. The use of positive experience should be the first step towards reforming the crisis management system.

Suggested Citation

  • Svitlana Khalatur & Lesia Kriuchko & Anna Sirko, 2020. "World Experience Adaptation Of Anti-Crisis Management Of Enterprises In The Conditions Of National Economy’S Transformation," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 6(3).
  • Handle: RePEc:bal:journl:2256-0742:2020:6:3:20
    DOI: 10.30525/2256-0742/2020-6-3-171-182
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    References listed on IDEAS

    as
    1. Oleksandr Karamushka & Svitlana Moroz & Diana Hrybova, 2018. "Information Component Of Innovative Support For Agricultural Enterprises Capital," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 4(4).
    2. Sylwia Bozek & Izabela Emerling, 2016. "Protecting The Organization Against Risk And The Role Of Financial Audit On The Example Of The Internal Audit," Oeconomia Copernicana, Institute of Economic Research, vol. 7(3), pages 485-499, September.
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    More about this item

    Keywords

    anti-crisis management; financial and economic problems; state anti-crisis management; crisis; cooperatives; international experience; financial security;
    All these keywords.

    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development

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