Importance Modern concepts and approaches in the analysis of the creditworthiness of borrowers. Objectives The main aim of the work is to assess the objectivity of existing approaches to the analysis of the borrowers' creditworthiness. We are also to search ways to expand the used methods, techniques, and methods of assessing the creditworthiness of borrowers. Methods The study uses general scientific principles and research methods: historical approach, comparison, abstraction, generalization, and analogy. Results We have proved the hypothesis that while evaluating the creditworthiness of borrowers, conception of life cycle of systems and risk management should be taken into account. The research shows the possibility of application of a resource-based economic analysis in the assessment of the borrowers' creditworthiness. Conclusions and Relevance The methodology of resource-based analysis allows to determine the type of organization economic development, financial stability, and the financial status of the organization.
Keywords: creditworthiness, resource-oriented, life cycle system concept, risk-management concept, sustainable development concept
Lyubushin N.P., Oparina O.I. [Analysis of the common and specific in definitions of “crisis”, “inconsistence”, “bankruptcy”]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2007, vol. 6, iss. 9, pp. 2–7. (In Russ.)
Kozlova L.V. [Analysis of techniques for assessment of borrower's creditworthiness]. Finansovaya analitika: problemy i resheniya = Financial Analytics: Science and Experience, 2011, vol. 4, iss. 4, pp. 61–65. (In Russ.)
Kovalev V.V. Finansovyi uchet i analiz: kontseptual'nye osnovy: monografiya [Financial accounting and analysis: conceptual base: a monograph]. Moscow, Finansy i Statistika Publ., 2004, 720 p.
Donets S.A., Ponomarenko A.A. [Debt Burden Indicators]. Den'gi i kredit = Russian Journal of Money and Finance, 2017, no. 4, pp. 5–13. (In Russ.)
Endovitskii D.A., Babushkin V.A., Baturina N.A. Analiz investitsionnoi privlekatel'nosti organizatsii [Analysis of a company investment attraction]. Moscow, KnoRus Publ., 2010, 376 p.
Kogdenko V.G., Mel'nik M.V. [Integratedreporting:questions of formation andanalysis]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2014, no. 10, pp. 2–15. (In Russ.)
Kondrat'ev R.Yu. [Methodological aspects of assessment of solvency taking into consideration the stage of a life cycle of a corporate borrower]. Ekonomika i predprinimatel'stvo = Journal of Economy and Entrepreneurship, 2013, no. 12-2, pp. 773–780 (In Russ.)
Kachalov I. [Three key parameters of companies' development and crises]. Prakticheskii marketing, 2002, no. 9, pp. 8–15. (In Russ.) URL: Link
Shirokova G.V. Zhiznennyi tsikl organizatsii: kontseptsii i rossiiskaya praktika. 2-e izd. SPb: Vysshaya shkola menedzhmenta [Organization life circle: concept and Russian practice. 2nd issue. Saint Petersburg: Management higher school]. Moscow, SPbSU Publ., 2008, 480 p.
Babicheva N.E. Teoretiko-metodologicheskie osnovy ekonomicheskogo analiza razvitiya organizatsii na osnove resursnogo podkhoda: monografiya [Theoretical and methodological basis of economic analysis of organization development on the basis of resource approach: a monograph]. Moscow, FINANCE and CREDIT Publ., 2012, 256 p.
Kleiner G.B. [The Resource-Based View and the System Organization of Economy]. Rossiiskii zhurnal menedzhmenta = Russian Management Journal, 2011, vol. 9, iss. 3, pp. 3–28. URL: Link (In Russ.)
Prangishvili I.V., Ivanus A.I. [System regularity of the golden section and system stability and harmony]. Problemy upravleniya, 2004, no. 2, pp. 2–8. (In Russ.)