Economics & Sociology

ISSN: 2071-789X eISSN: 2306-3459 DOI: 10.14254/2071-789X
Index PUBMS: f5512f57-a601-11e7-8f0e-080027f4daa0
Article information
Title: PROBLEMS OF THE ANALYSIS OF STRATEGIC FINANCIAL VALUE-BASED BENCHMARKS OF THE UKRAINIAN ENTERPRISES
Issue: Vol. 7, No 1, 2014
Published date: 20-05-2014 (print) / 20-05-2014 (online)
Journal: Economics & Sociology
ISSN: 2071-789X, eISSN: 2306-3459
Authors: Roman Zavorotniy
Keywords: cash value added, Z-score, total shareholders’ return, emerging markets, strategic financial value-based management, discriminant model, multicollinearity
DOI: 10.14254/2071-789X.2014/7-1/4
Index PUBMS: 2337ccd2-aa13-11e7-8eae-080027f4daa0
Language: English
Pages: 39-47 (9)
JEL classification: F43, C10
Website: https://www.economics-sociology.eu/?239,en_problems-of-the-analysis-of-strategic-financial-value-based-benchmarks-of-the-ukrainian-enterprises
Abstract

Article is devoted to problems of the organization of effective monitoring of financial indicators as a part of strategic financial value-based management by the enterprise. The main goals of offered research are to describe some analytical approaches and to modify them for effective valuation of the emerging markets enterprises (in particular, to valuate the strategic financial benchmarks of the unprofitable Ukrainian oil refineries which are absent on stock market). Finally, the author offers discriminant model which includes the main financial benchmarks of strategic corporate development (cash value added as an indicator of operating activity; total shareholders’ return as a basic indicator of current quality of corporate governance; Z-score as an indicator of corporate default probability).