IDEAS home Printed from https://ideas.repec.org/a/iaf/journl/y2021i1p52-60.html
   My bibliography  Save this article

Diagnostics of the State of Agricultural Enterprises Financial Security

Author

Listed:
  • Olha Kovalenko

    (Food Resources Institute of National Academy of Agrarian Sciences of Ukraine, Kyiv, Ukraine)

  • Liudmyla Yashchenko

    (Food Resources Institute of National Academy of Agrarian Sciences of Ukraine, Kyiv, Ukraine)

Abstract

In the conditions of rapid changes in the modern market environment, it is extremely important for agricultural enterprises to respond in a timely manner to threats to their financial security. Therefore, economic diagnostics is of significant methodological importance, and makes it possible to learn about economic problems and interpret the results of enterprises activity that have certain deviations from the norm or the state required for the enterprise. The subject of the study is a set of theoretical, methodological and practical aspects of diagnosing the state of financial security of enterprises. The purpose of the article is to diagnose the state of financial security of agricultural enterprises on the basis of the proposed methodological approach and to substantiate proposals for its improvement. The methodological basis of the diagnostics used in the study was: methods of theoretical generalizations, financial analysis, scoring method, analysis of dynamics and structure, linear programming. The article reveals the tasks and areas of management of Ukrainian agricultural enterprises with an emphasis on the protection of their specific financial interests – ensuring liquidity, solvency, financial stability, autonomy and others. For research purposes all Ukrainian agricultural enterprises were classified on the size of the net income. The system of indicators for diagnostics of financial security of the agricultural enterprises was offered. The basic structural elements of the mechanism of financial security management were substantiated. According to the diagnosis results, it was found that the state of financial security of large enterprises in 2018-2019 has deteriorated and it has had a negative impact on their solvency. Instead, the financial security of small and medium-sized enterprises has improved. Based on the experience of developed countries, proposals for public policy instruments to promote financial security of agricultural enterprises were proposed.

Suggested Citation

  • Olha Kovalenko & Liudmyla Yashchenko, 2021. "Diagnostics of the State of Agricultural Enterprises Financial Security," Oblik i finansi, Institute of Accounting and Finance, issue 1, pages 52-60, March.
    • Handle: RePEc:iaf:journl:y:2021:i:1:p:52-60
    DOI: 10.33146/2307-9878-2021-1(91)-52-60
    as

    Download full text from publisher

    File URL: http://www.afj.org.ua/pdf/811-diagnostika-stanu-finansovoi-bezpeki-silskogospodarskih-pidpriemstv.pdf
    Download Restriction: no
    File URL: http://www.afj.org.ua/en/article/811/
    Download Restriction: no
    File URL: https://libkey.io/10.33146/2307-9878-2021-1(91)-52-60?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    financial security; own and borrowed funds; state policy; diagnostics; sources of financing; agricultural enterprises;
    All these keywords.

    JEL classification:

    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:iaf:journl:y:2021:i:1:p:52-60. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Serhiy Ostapchuk (email available below). General contact details of provider: https://edirc.repec.org/data/iafkvua.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.