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Economic Analysis: Theory and Practice
 

The analysis and assessment of the economic sustainability of corporations of the military-industrial complex in an unfavorable external economic and foreign political situation

Vol. 14, Iss. 28, JULY 2015

PDF  Article PDF Version

Received: 29 April 2015

Accepted: 5 June 2015

Available online: 12 August 2015

Subject Heading: ECONOMIC ADVANCEMENT

JEL Classification: 

Pages: 2-10

Rukin B.P. Voronezh State University of Engineering Technologies, Voronezh, Russian Federation
rukin_b.p@mail.ru

Bulavina E.V. Voronezh Cooperatives Institute, Branch of Belgorod University of Cooperation, Economics and Law, Voronezh, Russian Federation
bulavina_alenka2@mail.ru

Importance The article deals with the issues of analysis and assessment of the economic sustainability of corporations of the military-industrial complex operating under adverse international economic and foreign political conditions.
     Objectives The aim of the paper is to study the economic sustainability of corporations of the military-industrial complex in an unfavorable external economic and foreign political situation.
     Methods The study uses methods of diagnosis and the possibility of bankruptcy, the Federal Tax Service's methodology of accounting and analysis of the financial condition and solvency of strategic enterprises and organizations.
     Results We have considered the basic objectives, priorities and key performance indicators of the OJSC Concern Sozvezdie, as well as the Concern's financial condition in terms of share capital and net assets. We mark the influence of unfavorable external economic and foreign political situation on the operating cycle duration and the coefficients describing the economic sustainability.
     Conclusions One of the recommended ratios is a degree of solvency in current liabilities. It is slightly higher than the normative values, and therefore, the concern cannot be attributed to the solvent accounting objects. To change the dynamics of the coefficient of autonomy and minimize the risk of economic instability, the Concern should substantially increase the authorized capital.

Keywords: economic sustainability, insolvency, bankruptcy, strategic enterprise, military-industrial complex

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