IDEAS home Printed from https://ideas.repec.org/a/nos/zodgwl/e151gon.pdf.html
   My bibliography  Save this article

Theoretical Preconditions For Forming The Components Of The Enterprise Overall Sustainability

Author

Listed:
  • I. Gontareva

    (of Simon Kuznets Kharkiv National University of Economics)

  • K. Zemtsova

Abstract

The current crisis situation in the global and national economies draws attention to the problems of the enterprise economic sustainability. Therefore, an important issue now is to overcome the instability of the economic systems which requires identification and justification of the theoretical preconditions for solving the problem. The article aims to study the theoretical preconditions for the enterprise sustainability and, on their basis, form the components of the enterprise overall sustainability. It has been found out that modern economics focuses on the issue of the economic systems sustainability mainly within the theory of economic welfare. However, it has only made thorough research into the issues of financial and technical aspects of the market sustainability while the enterprise sustainability is a complex concept, which requires the use of a system approach. The theory of economic welfare, the general systems theory, the theory of economic growth, information economics, the behavioral theory, the stakeholder theory and the theory of games have been proved to be the basic economic theories that are preconditions for developing the theory of the enterprise sustainability as an economic system. It was found that each of these theories considers some aspects of sustainability components. The theoretical preconditions for the enterprise sustainability being generalized, a scheme of forming the components of the enterprise economic sustainability, including the financial, production and organizational sustainability, was devised. Based on the analysis it was found out that financial sustainability can be defined as an operational indicator for the other types of sustainability, but it can be achieved only if the organizational and production sustainability is maintained. To conclude, ensuring the organizational sustainability in the medium term will allow an enterprise to increase the overall sustainability, avoid bankruptcy and survive in the times of crisis.

Suggested Citation

  • I. Gontareva & K. Zemtsova, 2015. "Theoretical Preconditions For Forming The Components Of The Enterprise Overall Sustainability," Economics of Development, Kharkiv National University of Economics, vol. 73(1), pages 59-66.
  • Handle: RePEc:nos:zodgwl:e151gon.pdf
    as

    Download full text from publisher

    File URL: http://www.ed.ksue.edu.ua/ER/knt/eu151_73/e151gon.pdf
    Download Restriction: no
    ---><---

    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:nos:zodgwl:e151gon.pdf. 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: Андрей Пилипенко (email available below). General contact details of provider: http://www.hneu.edu.ua/ .

    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.