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Influence of Financial Factors on Improving of Enterprise Competitiveness

Author

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  • Tetyana Khalimon

    (State University of Telecommunications, Kyiv, Ukraine)

Abstract

The article explains formal tools for management of financial factors and the evaluation of their impact on the competitive recovery of an enterprise. Current problems have been monitored, the contesting issues have been outlined; formal tools for management and evaluation of financial factors as applied to the competitive recovery of an enterprise have been specified. It has been proved that applying the scientifically substantiated formal tools will make it possible for the enterprises to take efficient operative and strategic financial decisions designed primarily to respond to the challenges and requirements of competitive environment, customers as well as those of the enterprise-related financial factors, which should ensure their competitive recovery afterwards. It is emphasized that the major trends in management of influence of the financial factors on the enterprise-related competitive recovery should be as follows: improved efficient use of financial resources, increased financial sustainability, and enterprise balance, which allows reducing financial risks and threats. The development of the strategy of financially ensured competitiveness is regarded as the crucial moment for improving the enterprise competitiveness by means of financial factors.

Suggested Citation

  • Tetyana Khalimon, 2017. "Influence of Financial Factors on Improving of Enterprise Competitiveness," Oblik i finansi, Institute of Accounting and Finance, issue 2, pages 127-132, June.
    • Handle: RePEc:iaf:journl:y:2017:i:2:p:127-132
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    File URL: http://www.afj.org.ua/en/article/481/
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    More about this item

    Keywords

    competitiveness; financial factors; enterprise; financial decisions;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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