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Market Dynamics of Ensuring Financial Security and Sustainable Development of Enterprise

Author

Listed:
  • Valentina Khrapkina
  • Vitaliy Kobets
  • Vasyl Stratonov

Abstract

The paper substantiates the need to study the level of financial security of an enterprise. To study the dynamics of financial security of an enterprise we consider a system-dynamic model and simulation of distributed financial flows of a representative industrial enterprise under the impact of random factors, which reflect the threats affecting its financial security. Information on the financial statements of firms is often confidential, which leads to the need to develop a simulation model of a firm’s activities and to conduct experimental research based on the enterprise’s size and reserve fund ensuring its financial security. During simulation experiments, three scenarios for metallurgical enterprise (pessimistic scenario, optimistic scenario and most probable scenario) were investigated, and it was established that for at least half of the cases, an enterprise needs to form a reserve fund to maintain autonomous operations and ensure the necessary level of financial security. JEL Classifications: C1, C9, D33

Suggested Citation

  • Valentina Khrapkina & Vitaliy Kobets & Vasyl Stratonov, 2022. "Market Dynamics of Ensuring Financial Security and Sustainable Development of Enterprise," Studies in Microeconomics, , vol. 10(2), pages 225-246, December.
    • Handle: RePEc:sae:miceco:v:10:y:2022:i:2:p:225-246
    DOI: 10.1177/23210222211024382
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    References listed on IDEAS

    as
    1. Olga Sosnovska & Maksym Zhytar, 2018. "Financial Architecture As The Base Of The Financial Safety Of The Enterprise," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 4(4).
    2. Jarosław Kaczmarek, 2019. "The Mechanisms of Creating Value vs. Financial Security of Going Concern—Sustainable Management," Sustainability, MDPI, vol. 11(8), pages 1-24, April.
    3. Malin Song & Ron Fisher, 2018. "How to Apply Advanced Statistical Analysis to Computational Economics: Methods and Insights," Computational Economics, Springer;Society for Computational Economics, vol. 52(4), pages 1045-1052, December.
    4. Yurii Yaremko & Liliia Shykova & Larysa Syvolap, 2018. "Methods Of Evaluation And Conceptual-Strategic Directions Of Economic Security Of Agricultural Enterprise," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 4(5).
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    Keywords

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    JEL classification:

    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General
    • C9 - Mathematical and Quantitative Methods - - Design of Experiments
    • D33 - Microeconomics - - Distribution - - - Factor Income Distribution

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