Proposal of a Methodology for Assessing Financial Risks and Investment Development for Sustainability of Enterprises in Slovakia

Abstract

Investments are a demanding and, at the same time, threatening indicator for enterprises not only in the time of depression such as the current coronavirus pandemic but also under normal market conditions. The goal of this article is to propose a methodology for assessing financial risks and investment development. The proposed methodology integrates the use of new modern and classical economic-statistical methods, which makes it an effective tool for the sustainability of enterprises. At the same time, the methodology can be used as an auxiliary tool for enterprise management in the investment decision-making process. In the first step, a methodology was created using a commercial software tool where the pdevelopment of the cash-flow indicator and the accumulated cash flow were modeled in order to calculate the net present value (NPV). The statistical modeling was performed using the one-way analysis of variance (ANOVA). The normality was monitored using the Shapiro–Wilk test, and the Kruskal–Wallis test was chosen as the non-parametric test. The deliverable of the applied methods was the creation of a mathematical model in the form of an algorithm that is applicable in different enterprises in Slovakia.

A Complex Hybrid Model for Evaluating Projects to Improve the Sustainability and Health of Regions and Cities

“…According to Tobisova et al investment is a challenging and threatening indicator for businesses not only in times of depression, such as the current coronavirus pandemic, but also under normal market conditions. They present the methodology of financial risk assessment and investment development as an effective tool for corporate sustainability [29]. Optimization of financial costs to maintain the reliability of systems, assuming the estimated level of optimization of unexpected costs for the operator, is a crucial parameter [30].…”

Mandating Gender Diversity and the Value Relevance of Sustainable Development Disclosure

“…It is similar to one-way analysis of variance in parametric tests. Since most event studies do not assume a normal distribution of the residuals, the test is often used to test whether the abnormal returns of one group are greater than those of the other group [42]. The table presents the chi-squared test and its applicable p-value in each column.…”

Path analysis of financial assistance to business development by applying coupled coordination degree model

“…O'Toole et al considered using the generalized moment technique to estimate the structural Q model of investment and proposed strategies for development. Tobisova A et al argues that investment is a demanding indicator with high risks and potential opportunities and that the development of enterprises cannot be achieved without financial investments [13]. Frey, G. E et al argue that technical assistance and financial support can contribute to a certain extent to the development of rural enterprises and further increase the income of farmers [14].…”