Factor analysis of assessment of the economic potential of mining companies

Abstract

Purpose. Development and testing of the application of factor analysis to assess the economic potential of mining companies. Methodology. In the course of the scientific research, the authors used general scientific and special methods of cognition, such as analysis – for a critical assessment of the possibility of applying factor analysis; logical generalization – for the structural components of the assessment of the economic potential of mining companies; quantitative and qualitative comparisons – to highlight the results of factor analysis; scientific abstraction and systematization – for setting out proposals regarding the implementation of the use of factor analysis to assess the economic potential of mining companies. Findings. In the course of the research, an assessment of the economic potential of mining companies was carried out and proposals were offered regarding the possibility of using factor analysis during such an assessment. The authors have formed methodological principles for assessing the value of the economic potential of project participants and developed a typification of options for the formation of economic potential. Originality. In the course of the study, the authors selected and systematized the factors affecting the size of the formed economic potential of mining companies. The results of an expert assessment of the impact of factors on the size of the economic potential are presented. The authors also proposed a criterion for an integrated assessment of the influence of factors characterizing both quantitative and qualitative aspects of the process of forming the economic potential of project participants. Practical value. The results of the study can be used by practitioners, scientists, and civil servants (the Ministry of Education and Science of Ukraine and its structural subdivisions, local self-government bodies in the field of education and science) for the development of further prospects. Establishing ties with educational and research organizations, high-tech companies, as well as with government agencies will allow for effective exchange of experience, adaptation of educational programs, and development of skills in the application of factor analysis to assess the economic potential of mining companies.