SHS Web Conf.
Volume 65, 2019The 8th International Conference on Monitoring, Modeling & Management of Emergent Economy (M3E2 2019)
|Number of page(s)
|Management of the State’s Economic Safety and Economic Safety of Economic Agents
|29 May 2019
Model for assessment of the financial security level of the enterprise based of the desirability scale
Khmelnytskyi National University, Department of Automated Systems and Modeling in Economics, Khmelnytskyi, Ukraine
2 Khmelnytskyi National University, Department of Finance, Banking and Insurance, Khmelnytskyi, Ukraine
3 Khmelnytskyi National University, Department of Software Engineering, Khmelnytskyi, Ukraine
* Corresponding author: firstname.lastname@example.org
Modern economic realities of Ukraine in the conditions of growing destabilizing influences of external and internal environment convincingly prove that each year the influence of various threats on the level of financial security of economic entities increases. This necessitates constant monitoring of the financial security level in order to timely detect and neutralize possible crisis phenomena as a result of its decrease. The study aims to assess the financial security level of enterprises based on the theory of comprehensive assessment. The scientific and methodical approach to design a composite index of financial security and the identifying its level based on the double use of Harrington's desirability scale is proposed. The resulting model was tested on the particular enterprise data. The proposed approach may be used for another set of partial indicators, as well as in assessing the level of financial security at the national level. The results of the study may serve as the basis for making managerial decisions on raising the business entities financial security level and public administration.
© The Authors, published by EDP Sciences, 2019
This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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