Setting up a methodology for evaluating, analyzing and predicting the sustainable development of economic agents amid Grand Challenges

Lyubushin, N.P.; Babicheva, N.E.; Kupryushina, O.M.; Khanin, D.I.

doi:10.24891/df.25.4.366

2020

DOI: 10.24891/df.25.4.366

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Setting up a methodology for evaluating, analyzing and predicting the sustainable development of economic agents amid Grand Challenges

N.P. Lyubushin

N.E. Babicheva

O.M. Kupryushina

et al.

Abstract: Subject. Mentioned in the Strategy for Scientific and Technological Development of the Russian Federation, Grand Challenges entail difficulties, threats and opportunities for the national development. The complicated nature, scale of problems and threats cannot be addressed, eliminated or resolved by multiplying resources consumed. This aspect should be taken into consideration in evaluating, analyzing and predicting the sustainable development of economic agents operating amid grand challenges. Objectives. We… Show more

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Cited by 5 publications

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Applying forecast reporting to assess the probability of financial insolvency (bankruptcy)

Kupriushina¹,

Scherbakova²

2022

Proceedings of Voronezh State University. Series: Economics and

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Subject. During the pandemic, contacts between many organisations and their business partners were disrupted: their sales volumes and other sources of financing decreased and non-payments became more frequent. These reasons may result in an increased risk of financial insolvency for economic entities and may lead to bankruptcy. In this regard, financial forecasting is a way to avoid negative consequences.Purpose. The development of a universal analytical tool that allows predicting the probability of financial insolvency (bankruptcy) which has been tested within the PROTEK group of companies. Methods. The research results were obtained using analysis, synthesis, analogy, historical and logical approaches, classification, etc. The assessment of the financial insolvency (bankruptcy) risks has been based on several Russian and foreign bankruptcy methods which give contradictory probability estimates for studied organisations. In this regard, an attempt was made to predict the financial stability of an economic entity. Results. The authors propose to make a modified forecast report based on the balance sheet and the financial performance statement which provides in a single form the calculation of absolute and relative indicators of financial stability and solvency. At the same time, these data in combination with the G. G. Kadykov and A. S. Saifulin’s method can be used to assess the probability of bankruptcy. Conclusions. The proposed version of the forecast report allows obtaining a real-time forecast of the probability of bankruptcy and thereby taking timely measures to prevent the deterioration of the financial stability of the organisation.

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Applying forecast reporting to assess the probability of financial insolvency (bankruptcy)

Kupriushina¹,

Scherbakova²

2022

Proceedings of Voronezh State University. Series: Economics and

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The economic analysis of the impact of grand challenges on sustainability and continuity of business entities’ activities

Lyubushin

Babicheva

Kupryushina

et al. 2021

EATP

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Subject. The article addresses the need to develop new methodological tools for assessing threats to and opportunities of sustainable development of business entities, enabling to adequately reflect their activities in the analysis of their interaction in rapidly changing economic conditions. Objectives. The aim is to underpin a methodological approach to the formation of indicators for assessing the sustainable development of business entities in the face of grand challenges, which rests on the grouping of indicators according to the type of economic development. Methods. The study draws on resource-oriented approach, which we developed and tested in the economic analysis of sustainable development of business entities, and statistical methods. Results. Based on the methods of cognitive and resource-oriented analysis, we defined a set of basic indicators, characterizing the intellectual capital. The implementation of the methodological approach enabled to identify two baseline indicators of intellectual capital involved in the formation of a Grand Challenge, i.e. the number of computers with access to global information networks and the cost of patents and licenses for inventions, industrial designs, utility models. We developed and evaluated integrated indicators of intellectual capital to determine the possibilities of sustainable development of economic entities of the Russian Federation. Conclusions. The offered approach helps define a set of indicators of different types of capital to be included in the integrated reporting and analysis of possibilities of economic entities’ sustainable development in the face of grand challenges. The produced set of indicators is basic and may change.

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The informational component of corporate social responsibility assessment: Results of empirical research

Efimova

Rozhnova

2021

EATP

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Subject. We consider completeness and quality of social information disclosure for systematic presentation of corporate social responsibility of organizations in financial and public non-financial reporting. Objectives. The aim is to present a comprehensive research of information component of social responsibility of Russian large business enterprises, based on the analysis of their financial and non-financial reporting information. Methods. We employed methods of logical, statistical, comparative, and linguistic analysis. We also analyzed financial and public non-financial reports of Russian metallurgical companies. Special attention was paid to the availability and completeness of presented social disclosures. The study investigates annual financial statements and public non-financial statements for 2018–2020. Results. We offer a systems approach to the study and assessment of social responsibility, based on the analysis of the content of selected indicators, formulate recommendations that are necessary to increase the social responsibility of companies through improving the quality of content of reporting information and its orientation to solving global social problems. The findings enabled to reveal the areas of social information disclosure that are most significant for increasing the validity of investment decisions. Conclusions. The identified top social problems are in the focus of attention of economic entities; the dynamics of the quality of disclosures in corporate reports over the past three years has been positive. The trend in the development of non-financial reporting standards in terms of completeness and comprehensive nature of social disclosures enables to count on gradual overcoming of existing problems.

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Setting up a methodology for evaluating, analyzing and predicting the sustainable development of economic agents amid Grand Challenges

Cited by 5 publications

References 4 publications

Applying forecast reporting to assess the probability of financial insolvency (bankruptcy)

Applying forecast reporting to assess the probability of financial insolvency (bankruptcy)

The economic analysis of the impact of grand challenges on sustainability and continuity of business entities’ activities

The informational component of corporate social responsibility assessment: Results of empirical research

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