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ИД «Финансы и кредит»






Economic Analysis: Theory and Practice

From the assessment of organization's financial standing to the integrated methodology for analysis of sustainable development

Vol. 15, Iss. 12, DECEMBER 2016

PDF  Article PDF Version

Received: 16 November 2016

Received in revised form: 22 November 2016

Accepted: 1 December 2016

Available online: 26 December 2016

Subject Heading: SCHOLAR DISPUTE

JEL Classification: O12, Q01

Pages: 42-65

Endovitskii D.A. Voronezh State University, Voronezh, Russian Federation

Lyubushin N.P. Voronezh State University, Voronezh, Russian Federation

Babicheva N.E. Voronezh State University, Voronezh, Russian Federation

Kupryushina O.M. Voronezh State University, Voronezh, Russian Federation

Importance The issue of sustainable development and sustainable growth of social product has been discussed by the international professional community since the second half of the 20th century. Nowadays, there is a need to develop key indicators characterizing both financial standing and sustainable development of organizations, and a methodology for their assessment.
Objectives The aim of the study is to review problems related to assessment of financial condition and analysis of sustainable development of organizations.
Methods The study draws upon general scientific principles and research methods, namely, analysis and synthesis, induction and deduction, grouping, comparison, abstraction, generalization, analogy, and modeling.
Results Sustainable development can be viewed as a process and as a state. As a process, the sustainable development of the organization has a time period, during which its characteristics change. The principal characteristic is a relative share of intensive factors in the revenue for the considered type of resources. It served as a classification criterion for evaluation of processes according to the golden proportion principle. We identify absolute, stable, unstable, and crisis types of sustainable development.
Conclusions and Relevance The analysis of organizations' operations is impeded by the lack of legal framework and available averaged values of indicators characterizing the financial condition by type of economic activity. It is important to develop analytical procedures that measure all types of capital of integrated reporting, the relationship between them, and the value of the entire business.

Keywords: resources, intensive factors, financial standing, sustainable development, integrated reporting


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