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ИД «Финансы и кредит»






Financial Analytics: Science and Experience

Analyzing the factors of financial strategy of recreational sphere enterprises

Vol. 14, Iss. 4, DECEMBER 2021

Received: 22 March 2021

Received in revised form: 24 April 2021

Accepted: 12 May 2021

Available online: 15 November 2021


JEL Classification: С01, L26

Pages: 393–406


Igor' A. BUKREEV Institute of Economics and Management, Humanities and Education Sciences Academy, Branch of V.I. Vernadsky Crimean Federal University (Vernadsky CFU), Yalta, Republic of Crimea, Russian Federation


Subject. This article analyzes the role of the factors of the modified model, taking into account the specifics of the recreational sphere.
Objectives. The article aims to assess the role of the factors of the modified model for recreational enterprises.
Methods. For the study, I used general scientific research methods.
Results. Peculiarities of the recreational sphere cause the need to modify the DuPont model. The model is obtained in a mixed form. The model is obtained in a mixed form. This helps take into account the factors of operating and other activities in the financial result and profitability separately. The obtained results help assess the role and importance of factors in the financial management strategy, as well as the reasons for their impact on the efficiency of recreational enterprises.
Conclusions. The importance of resource productivity and the increase in the share of operating activities remain underestimated in the model if considering a single enterprise case. For enterprises of the recreational sphere as a whole, there is a need to further study the model by establishing correlations of factors with the performance indicators.

Keywords: financial strategy, assessment, financial management, multiplicative model, recreational sphere, model modification


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ISSN 2311-8768 (Online)
ISSN 2073-4484 (Print)

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Vol. 14, Iss. 4
December 2021