PROBLEMS OF THE ANALYSIS OF STRATEGIC FINANCIAL VALUE-BASED BENCHMARKS OF THE UKRAINIAN ENTERPRISES

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
DOAJ: https://doaj.org/article/5ed39b81925d44c9a4277f4d372f2166
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
File https://www.economics-sociology.eu/files/08_13_Zavorotniy.pdf
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).