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Financial Aspects of Productivity of Mining and Smelting Enterprises in Ukraine

Author

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  • Vasiltsov Yevgeniy V.

    () (Kryvyi Rig National University)

Abstract

The article conducts a retrospective analysis of productivity of resources of mining and smelting enterprises in Ukraine during 2007 - 2011, by the result of which a significant influence of market factors upon effectiveness of activity of enterprises was noted. The growth of price parameters of iron-ore products facilitates increase of financial aspects of productivity of ore mining and processing enterprises and, accordingly, their reduction at metallurgical ones, for which these products are basic raw materials. The article conducts diagnostics of factors that influence the change of productivity of assets. It identifies that ore mining and processing enterprises are characterised with non-optimal policy of formation of the sources of capital and structure of assets. It analyses the degree of wear of fixed assets of mining and smelting enterprises and systemises related problems. It marks that the growth of financial aspects of productivity is possible by means of increase of effectiveness of resource transformations in business processes of companies, which requires increase of technical and technological level of production.

Suggested Citation

  • Vasiltsov Yevgeniy V., 2013. "Financial Aspects of Productivity of Mining and Smelting Enterprises in Ukraine," Business Inform, RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE), Kharkiv National University of Economics, issue 5, pages 152-158.
  • Handle: RePEc:idp:bizinf:y:2013:i:5:p:152_158
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