The purpose of the paper is to determine the state of automotive corporations' financial stability and to generalize the consequences of its violation for their activity and the global economy as a whole. Methods. The theoretical and methodological basis of the research is the scientific works in the field of corporate finance management and strategic development that studied analysing and evaluating the financial stability of corporate companies, maintaining their financial stability in the medium and long term, official statistics data of United Nations Conference on Trade and Development, financial statements of corporations Toyota Motor Corporation (Japan), Mercedes-Benz (Germany), and Tesla Motors (USA), own research results. The methodological basis of the study is a set of general scientific and special methods used to achieve the research goal: theoretical generalization, analysis and synthesis -in studying the content of scientific works on the research of financial stability of corporate companies and maintaining their financial stability; observationto obtain primary information about the state of the world automotive market; the method of coefficient analysis and typing the situations -to assess the financial stability of automotive corporations; analyticalin determining the economic consequences of financial stability violation of automotive corporations; causation -to obtain final conclusions. Results. This article deals with the development of automotive industry in the world. The financial stability of leading automotive corporations is evaluated. The economic consequences of financial stability violation of automotive corporations are summarized. Financial strategies to improve the financial stability of automotive corporations are proposed. Practical value. The results of the study may be useful to the United Nations Conference on Trade and Development, the financial management of Toyota Motor Corporation, Mercedes-Benz and Tesla Motors. Value/originality -the state of financial stability of automotive corporations is determined and the consequences of its violation for their activity and the world economy as a whole are generalized. Further research should be directed towards the development of project measures to improve the financial stability of automotive corporations in the world.
Таблиця 2. Структура капітальних інвестицій у підприємств транспортного комплексу України за розміром, % Джерело: власні розрахунки.
The content of the state financial regulation and accounting support of transport enterprises in the conditions of martial law and special state is determined. The characteristics of the State Special Transport Service and its functions in peacetime and in a special period are determined. Direct and indirect methods of state regulation of transport enterprises are systematized, the emphasis is made on financial engineering. The form of matrix is developed, which corresponds the type, owner, sources of financial resources to certain stages of the operational process of transport enterprises. The content of regulatory assets that regulate the activities of the transport complex of Ukraine in wartime is generalized. The peculiarities of the order of budget financing of transport under martial law in terms of reducing the volume of target programs to increase the volume of expenditures of the reserve fund are determined. The role of the extra-budgetary Fund for the Restoration of Destroyed Property and Infrastructure for the post-war reconstruction of Ukraine and its transport sector was defined.
The article considers the issues of selection and use of management tools and methods, development and selection of enterprise strategy taking into account risks. The author's understanding of the risk management process is given, the basic principles that guide the development and implementation of risk management strategy at the enterprise are listed. The development of a risk assessment algorithm is proposed and the features of individual elements of the integrated risk assessment flowchart are characterized. In the paper, attention was drawn to the differences in the qualitative and quantitative risk analysis, the peculiarities of their methodology were determined. Considerable attention is paid to the definition of risk assessment methods, methods of risk minimization are listed, and as a result, the definition of the term "risk" is generalized. The methods of formation of enterprise strategy, which can be represented by three groups: portfolio analysis methods, mathematical methods, forecasting methods, are investigated. It is determined that modern methods of enterprise management and mechanisms for making key decisions in business imply the need to develop a procedure for both substantive and quantitative accounting and assessment of the entire range of possible uncertainties and risks that accompany the market activity of the enterprise. It is shown that most of the risks to be taken into account, quantified and accounted for in the economic and mathematical model of the enterprise, cover two main activities of the enterprise, and are integrated into the concept of risk management assessment: production and financial sphere. An economic and mathematical model of choosing the optimal strategy of the enterprise, taking into account the risk factors of management, according to the criterion of maximizing the amount of consolidated cash flow from operating and financial activities, which reflects both the production and technological conditions of the enterprise and the peculiarities of decision-making in the commodity and financial markets, is built. This optimization model is implemented to solve the problem of choosing the optimal management strategy taking into account management risks. However, all these methods start to work when the risk is realized (or must be realized) in losses and damages. Such an approach to building an effective risk management system does not comply with the principle of proactivity: it is not necessary to include in the cost estimate of the enterprise the costs of eliminating the consequences of the risk, it is necessary to include the costs of preventing the risk. With this approach, preventive and adequate measures can reduce the cost of risk, as well as choose the optimal level of risk, which is determined by the minimum cost. The results of the analysis show that most of the known methods of forecasting and risk assessment are inapplicable in conditions of unpredictability. The situation with the application of risk management tools is slightly better. Dissipation and insurance, as well as diversification of activities and the creation of funds and reserves are at least limitedly applicable. The presence of a risk assessment and coordination system at the enterprise will make it possible to identify existing risks, determine the level of danger and, using certain methods and tools of risk management, reduce their negative impact on the financial and economic activities of the enterprise. Currently, the approach to risk assessment is being transformed, as new challenges require fundamental changes in risk assessment and modeling systems.
У статті розглянуті характерні особливості формування інноваційної стратегії підприємства в умовах підвищення рівня конкурентної боротьби на вітчизняних та міжнародних ринках із застосуванням системного підходу. Визначено нераціональність застосування хаотичного підходу до розробки та впровадження інновацій в діяльність підприємств в сучасних умовах господарювання. Розглянуто функціональний підхід до формування інноваційної стратегії підприємства із уточненням особливостей послідовної, паралельної та інтегральної форм його застосування. Встановлено переваги застосування матричної структури управління інноваційною діяльністю в практиці масштабних зарубіжних підприємств. Розкрито сутність процесу інтеграції інноваційної стратегії розвитку підприємства до його корпоративної стратегії. Запропоновано механізм формування інноваційної стратегії підприємства із використанням системного підходу.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
customersupport@researchsolutions.com
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.