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Proposal of a Methodology for Assessing Financial Risks and Investment Development for Sustainability of Enterprises in Slovakia

Author

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  • Alica Tobisova

    (Faculty of Aeronautics, Technical University of Košice, Rampová 7, 041 21 Košice, Slovakia)

  • Andrea Senova

    (Faculty of Mining, Ecology, Process Control and Geotechnologies, Technical University of Košice, Letná 9, 042 00 Košice, Slovakia)

  • Gabriela Izarikova

    (Faculty of Mechanical Engineering, Technical University of Košice, Letná 9, 042 00 Košice, Slovakia)

  • Ivana Krutakova

    (Faculty of Mining, Ecology, Process Control and Geotechnologies, Technical University of Košice, Letná 9, 042 00 Košice, Slovakia)

Abstract

Investments are a demanding and, at the same time, threatening indicator for enterprises not only in the time of depression such as the current coronavirus pandemic but also under normal market conditions. The goal of this article is to propose a methodology for assessing financial risks and investment development. The proposed methodology integrates the use of new modern and classical economic-statistical methods, which makes it an effective tool for the sustainability of enterprises. At the same time, the methodology can be used as an auxiliary tool for enterprise management in the investment decision-making process. In the first step, a methodology was created using a commercial software tool where the pdevelopment of the cash-flow indicator and the accumulated cash flow were modeled in order to calculate the net present value (NPV). The statistical modeling was performed using the one-way analysis of variance (ANOVA). The normality was monitored using the Shapiro–Wilk test, and the Kruskal–Wallis test was chosen as the non-parametric test. The deliverable of the applied methods was the creation of a mathematical model in the form of an algorithm that is applicable in different enterprises in Slovakia.

Suggested Citation

  • Alica Tobisova & Andrea Senova & Gabriela Izarikova & Ivana Krutakova, 2022. "Proposal of a Methodology for Assessing Financial Risks and Investment Development for Sustainability of Enterprises in Slovakia," Sustainability, MDPI, vol. 14(9), pages 1-14, April.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:9:p:5068-:d:800255
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    References listed on IDEAS

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    Cited by:

    1. Won-Kyu Lim & Cheong-Kyu Park, 2022. "Mandating Gender Diversity and the Value Relevance of Sustainable Development Disclosure," Sustainability, MDPI, vol. 14(12), pages 1-12, June.
    2. Chung-Kwan Lo & Xiaowei Huang & Ka-Luen Cheung, 2022. "Toward a Design Framework for Mathematical Modeling Activities: An Analysis of Official Exemplars in Hong Kong Mathematics Education," Sustainability, MDPI, vol. 14(15), pages 1-17, August.
    3. Miroslav Kelemen & Beata Gavurova & Volodymyr Polishchuk, 2022. "A Complex Hybrid Model for Evaluating Projects to Improve the Sustainability and Health of Regions and Cities," IJERPH, MDPI, vol. 19(13), pages 1-26, July.

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