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Finance and Credit
 

Elements of budgeting and ranking in the formation of a company’s financial stability strategy

Vol. 31, Iss. 1, JANUARY 2025

Received: 22 July 2024

Accepted: 3 October 2024

Available online: 30 January 2025

Subject Heading: BUSINESS VALUE

JEL Classification: G30, G32

Pages: 56-77

https://doi.org/10.24891/fc.31.1.56

Anna L. SABININA Tula State University (TulSU), Tula, Russian Federation
sabinina.anna@yandex.ru

https://orcid.org/0000-0002-5418-6643

Nikolai A. SHUL’ZHENKO Tula State University (TulSU), Tula, Russian Federation
fim5-306@yandex.ru

ORCID id: not available

Dar’ya A. VOROPAEVA Tula State University (TulSU), Tula, Russian Federation
darja.voropaeva@rambler.ru

https://orcid.org/0000-0002-2252-8733

Boris A. MALIKOV Tula State University (TulSU), Tula, Russian Federation
boriss-malikov@yandex.ru

ORCID id: not available

Subject. This article analyzes alternative strategic solutions when forming models in the systems of multi-level production structures in order to establish the ranking of enterprises taking into account their financial stability.
Objectives. The article aims to conduct a comprehensive original study aimed at improving the methods of ranking in the reorganization of structures with the subsequent formation of a mechanism for managing the stability of the enterprise.
Methods. For the study, we used an expert survey, statistical and predictive analyses.
Results. On the basis of the study of the financial stability of specific enterprises, the article offers methods for assessing the level of solvency of enterprises and their rank in the reorganization of structures in obtaining bank loans, as well as the author-developed mechanism for managing the stability of the enterprise based on the elements of budgeting and ranking.
Relevance. The results of the study can be useful in improving the structures of sectoral regional industries and other similar enterprises.

Keywords: manufacturing enterprises, financial and economic activity, profit, financial stability, strategy

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