Enterpise Finance Sustainability as Determinant of Economic Security
https://doi.org/10.21686/2413-2829-2025-5-199-207
Abstract
Finance sustainability of enterprise is not only an intermediate link between components of its work (finance, production, marketing etc.) it also shows its commercial success. The article studies stages of finance sustainability of the enterprise, appraisal of its finance stability based on E. Altman model and the method (proposed by I. A. Sushkova) of differential calculation, where values of economic coefficients are compared with their cut-off criteria. Dynamics of differential scattering indices was analyzed in view of lines of economic activity and general situation in the so-called risky zones in order to identify destabilizing factors and elaborate steps for risk neutralization. Variety of today’s methods can help analyze enterprise functioning, plan key production parameters and provide economic security and finance sustainability of the enterprise. Practice shows that Russian enterprises usually use finance and analytical methods. The enterprise work is subjected to a wide range of risks stipulated by corporate management and uncertainty of external factors. The author illustrated the pyramid of enterprise finance risks, showed elements of economic security of the enterprise affecting its finance sustainability and put forward recommendations aimed at improving enterprise finance sustainability.
About the Author
L. N. Mamaeva
Yuri Gagarin StateTechnical University of Saratov
Russian Federation
Russian Federation
Lyudmila N. Mamaeva, PhD, Assistant Professor, Assistant Professor of the Department
Department for Industry Management and Economic Security
410006; 89 Radishchev Str.; Saratov
References
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Review
For citations:
Mamaeva L.N. Enterpise Finance Sustainability as Determinant of Economic Security. Vestnik of the Plekhanov Russian University of Economics. 2025;(5):199-207. (In Russ.) https://doi.org/10.21686/2413-2829-2025-5-199-207
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