Full Article: PDF
Scientific Object Identifier: http://s-o-i.org/1.1/TAS-05-61-49
DOI: https://dx.doi.org/10.15863/TAS.2018.05.61.49
Language: English
Citation: Sheikina E, Sabinin O (2018) DYNAMIC STANDARD AS A METHOD OF SYSTEM ANALYSIS FOR FINANCIAL SUSTAINABILITY ASSESSMENT OF RUSSIAN ENTERPRISES. ISJ Theoretical & Applied Science, 05 (61): 284-290. Soi: http://s-o-i.org/1.1/TAS-05-61-49 Doi: https://dx.doi.org/10.15863/TAS.2018.05.61.49 |
Pages: 284-290
Published: 30.05.2018
Abstract: The aim of this paper is to present dynamic standard as a method of system analysis for financial sustainability assessment of Russian enterprises. The paper describes the following concepts: financial sustainability, prerequisites for development of the dynamic standard, features of the dynamic standard and comparison of the method with other approaches regarding their accuracy, alpha error and beta error. Furthermore, financial ratios, which enable to assess financial sustainability and their predictive power, were scrutinized for the purpose of classification accuracy improvement for increasing number of years before the failure.
Key words: Financial sustainability, financial distress, financial ratios, dynamic standard, system analysis, standard relationships
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