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Financial Analytics: Science and Experience
 

Analyzing the financial stability of enterprise by using the eigenstate method

Vol. 8, Iss. 31, AUGUST 2015

PDF  Article PDF Version

Received: 17 June 2015

Accepted: 13 July 2015

Available online: 4 September 2015

Subject Heading: MATHEMATICAL ANALYSIS AND MODELING IN ECONOMICS

JEL Classification: 

Pages: 2-14

Mokeev V.V. South Ural State University, Chelyabinsk, Russian Federation
mokeyev@mail.ru

Bunova E.V. South Ural State University, Chelyabinsk, Russian Federation
albv70@mail.ru

Importance Considering the market economy laws, entities have to monitor and analyze their financial and business position on an ongoing basis. Financial stability is one of the most important business indicators. Many factors influence financial stability of the firm, thus necessitating a corporate financial stability model.
     Objectives The research pursues devising methods for analyzing and designing a corporate financial stability model. While searching for approaches to financial stability management, entities may need such models that would forecast the corporate position, rather than analyze it only.
     Methods A methodological underpinning of the research comprises fundamental proceedings on modeling of socio-economic systems using the eigenstate method.
     Results The proposed financial stability model is used to determine financially sustainable business indicators. A comprehensive financial stability indicator is assessed by comparing the factual and model corporate performance through the penalty function method. The article provides formulas for assessing the financial stability coefficient. The analysis of the metallurgical enterprise's financial stability reveals the efficiency of the methodology.
     Conclusions and Relevance We conclude that, under the market conditions, it is impossible to set up an effective corporate management mechanism, being guided by intuition only. The proposed methodology for analyzing the financial stability allows formulating a corporate financial stability model irrespective of the company size and specifics of its operations. The model will help analyze the financial stability and forecast sustainable development.

Keywords: financial stability, analysis, main components, eigenstate method, model

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