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Using of models of bankruptcy diagnostic in development of financial strategy of an enterprise

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PDF: Author(s): Lushchikova E. V., Moseiko V. O.,
Number of journal: 2(15) Date: May 2011
Annotation:

The article is devoted to the bases of development of financial strategy as an important component of effective management of an enterprise. It presents the significance of strategic financial analyses for the managerial decisions making. The authors have performed classification and structuring of the current models of financing rating of enterprises. The models of bankruptcy diagnostic based on discriminant analysis take a specific place among the models of financing rating. The purpose of the bankruptcy risk analysis is to timely identify the signs of crisis to make required managerial decisions that can not only reduce the influence of negative processes on activities of economic entities, but completely prevent potential bankruptcy.

Keywords:

finances, financial strategy, financial state, bankruptcy, financing rating, models of bankruptcy diagnostic, financial analysis, discriminant analysis, model of E. I. Altman, model of R. Saiffulin and G. Kadykov

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