Influence of the Mechanism of Foreign Economic Activity of Aviation Industry Companies upon their Financial Independence
Financial independence of a company is a state when the company stays capable of satisfying requirements of operational activity with own or borrowed funds under conditions of influence of external environment. Financial independence of an industrial aviation company as a subject of foreign economic activity (economic component of foreign economic activity), on the one hand, is also an element of foreign economic activity and a measure of its effectiveness and, on the other hand, consequence of effectiveness of foreign economic activity. If originally financial independence is absent, then it is formed through formation of an effect, as it is envisaged in a contract, in other words, through interconnection with the organisational component of foreign economic activity. Achievement of financial independence, envisaged by a foreign economic contract, is possible through adoption of tactical measures on minimisation of currency risks. Quality characteristic of the content and justification of the form of the contract, especially when we speak about long-term contracts, constitutes the basis of interaction of a company with foreign economic partners irrespective of political changes that take place in different countries.
Volume (Year): (2013)
Issue (Month): 6 ()
|Contact details of provider:|| Web page: http://www.business-inform.net|
When requesting a correction, please mention this item's handle: RePEc:idp:bizinf:y:2013:i:6:p:52_56. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Alexey Rystenko)
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.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.