Assessment of the level of financial and economic security at machine-building enterprises: evidence from Ukraine

Череп, Алла; Babmindra, Dmytro; Khudoliei, Lina; Kusakova, Yuliya

doi:10.21511/ppm.18(1).2020.04

Cited by 8 publications

(4 citation statements)

References 20 publications

(6 reference statements)

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“…On the basis of the continuous innovation of the registration system, the number of approval items will increase to a certain extent, however, in the current business administration work, there is no perfect interconnection mechanism between functional departments, which has greatly affected the efficiency of information sharing and restricted the improvement of certification efficiency. From the perspective of the regulatory model, although the industrial and commercial administration has built an online transaction supervision platform, the overall regulatory model is relatively backward due to technical factors, especially for some grass-roots industrial and commercial departments, this problem is particularly obvious, the existing hardware environment and technical conditions cannot meet the corresponding requirements, which restricts the improvement of regulatory efficiency [15].…”

Section: Working Mechanism To Be Improvedmentioning

confidence: 99%

Promotion of business administration to financial and economic development in big data environment

Bai¹

2023

BCPBM

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In order to avoid various problems in the process of financial and economic development, such as vicious competition and monopoly operation, which hinder the stable development of the market, the author puts forward an analysis on the promotion of business administration to financial and economic development in the big data environment. The analysis results clearly point out that business administration can effectively supervise and improve the Chinese market, and change the corresponding management concept according to the actual situation, at the same time, it can also promote the development of financial economy through corresponding ways. With the improvement of the market, business administration will be in a more important position, the healthy and orderly development of the market depends on the guidance and maintenance of business administration. Therefore, enterprises should attach importance to business administration. Although there are various problems in China's current market, through the continuous improvement of management and relevant systems, it can, to a certain extent, promote market entities to prevent business risks, solve development problems, and in the process of continuous coordination, it will play an effective role in supervision and management, and promote all relevant market entities to jointly create a fair and just development environment, so that China's market economic environment will continue to improve and develop.

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Section: Working Mechanism To Be Improvedmentioning

confidence: 99%

Promotion of business administration to financial and economic development in big data environment

Bai¹

2023

BCPBM

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“…Therefore, the researcher established how interest rate impact and performance of financial institutions. Ukraine, Cherep et al (2020) researched on Assessment of the level of financial and economic security at machine-building enterprises, estimated based on the values of the following generalized groups of indicators: financial sustainability, liquidity and solvency, business sentiment, profitability, investment attractiveness, and innovative development. The research demonstrated that the efficiency of the management system may alter the degree of financial and economic security for any size of organization.…”

Section: Empirical Reviewmentioning

confidence: 99%

The Macro-Economic Variables, Tax Revenue and Performance of Financial Institutions in South Sudan

2023

JFA

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To examine the impact of macroeconomic variables and tax revenue on the performance of financial institutions in South Sudan. The study used secondary data from the Central Bank of South Sudan and other statutory bodies. The study used the Econometric Views (EViews) software for data analysis and management. Descriptive statistics, diagnostic tests, regression, and correlation analysis were conducted to examine the relationships between the variables. The study found that there was an inverse statistically significant relationship between macroeconomic variables and tax revenue and the performance of financial institutions in South Sudan. This means that when macroeconomic variables and tax revenue decrease, the performance of financial institutions also decreases. The study concluded that the government can utilize macroeconomic variables and tax revenue to influence the performance of financial institutions. The government should implement policies to promote economic stability and increase tax revenue in order to improve the performance of financial institutions.

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“…Recommendations for analyzing and managing financial security boil down to 'the need to use a system of indices, indicators and methods'. At best, there is a list of indicators that exactly coincide with the economic analysis indicators used to assess an enterprise's financial condition (Cherep et al 2020;Turgaeva et al 2020). At worst, there are only unfounded 'recommendations' for managing or assessing a company's financial security.…”

Section: Introductionmentioning

confidence: 99%

Is Artificial Intelligence Ready to Assess an Enterprise’s Financial Security?

Melnychenko

2020

JRFM

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This study contributes to the literature on financial security by highlighting the relevance of the perceptions and resulting professional judgment of stakeholders. Assessing a company’s financial security using only economic indicators—as suggested in the existing literature—would be inaccurate when undertaking a comprehensive study of financial security. Specifically, indices and indicators based on financial or managerial reporting calculated at any particular point in time, provide only a superficial understanding—and may even distort the overall picture. It has also been suggested that expert assessment is the most objective method, although it has disadvantages related to individual cognitive limitations. These limitations are not particular to artificial intelligence, which could assess an enterprise’s financial security in a less biased way. However, by only imitating human behavior, it is not able to perceive and evaluate with intuition the dynamics of the company’s development and holistically assess the financial condition—despite the possibility of learning and forecasting—because artificial intelligence is not able to think and predict, which, in an enterprise, is the most important skill of a manager. Therefore, the risk of developing artificial intelligence to assess a firm’s financial security lies in a biased assessment of the enterprise’s activities in general—and its financial security in particular.

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Assessment of the level of financial and economic security at machine-building enterprises: evidence from Ukraine

Cited by 8 publications

References 20 publications

Promotion of business administration to financial and economic development in big data environment

Promotion of business administration to financial and economic development in big data environment

The Macro-Economic Variables, Tax Revenue and Performance of Financial Institutions in South Sudan

Is Artificial Intelligence Ready to Assess an Enterprise’s Financial Security?

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