Efficiency Of Financial Activities Research Articles

MANAGEMENT OF RAISING FINANCIAL RESOURCES OF THE ENTERPRISE ON THE BASIS OF THE FINANCIAL RISK RATIO TARGETING

The article analyzes the essential characteristics and modern approaches to raising different types of financial resources by enterprises in order to ensure continuous operation. Raising financial resources is a master goal of financial activity. It is substantiated that sufficient financial security in case of lack of equity causes borrowing financial resources, which leads to changes in the size and composition of equity and liabilities of the enterprise. The efficiency of financial activities can be assessed through the balance between own and borrowed financial resources. However, financial risks are closely related to the lack or the probability of loss of financial resources due to changes in prices, interest rates, exchange rates, changes in the activities of the industry or a particular borrower. They are the most threatening and destructive for the company, and therefore require constant monitoring, evaluation and minimization. The assessment of the quality of raising financial resources should be considered according to the balance sheet of the enterprise operating in the telecommunications market. This market is chosen because of its rapid development due to global trends. It is proposed to manage the financial resources of the enterprise on the basis of targeting the financial risk ratio, which provides for the establishment of targets for the allowable value of the financial risk ratio and allows a better approach to the formation of borrowed capital (liabilities). The integrated indicator of the quality of raising financial resources by the enterprise is constructed, which allows to calculate forecast scenarios and to make administrative decisions. Therefore a choice of strategy for raising financial resources should be made taking into account all factors of influence and risks.

Аналіз впливу фінансової архітектури на ефективність фінансової діяльності корпорації

Аналіз впливу фінансової архітектури на ефективність фінансової діяльності корпорації

ASSESSMENT OF FACTORS INFLUENCING THE EFFICIENCY OF SECTORAL ACTIVITIES IN THE NATIONAL ECONOMY

To work effectively for commercial companies in different sectors of the economy, it is of interest to business owners, investors, management, employees, the state and society as a whole. The efficiency of commercial companies is crucial for the process of financial and economic decision-making. In Latvia, there have been neither in-depth research studies on the efficiency of financial activity, nor studies on the efficiency of certain sectors of the economy. The aim of the research is to summarize and analyse data on factors influencing the operational efficiency of commercial companies working in the national economy sectors: number of employees in the sectors, number of enterprises, value of exports and imports, personnel costs and number of employees in enterprises of a given sector, gross investments in material matters, land, machinery, equipment, non-financial investments in intangible assets and fixed assets, turnover, indicators of financial performance of enterprises, which provide aggregated information on liquidity, profitability and solvency of enterprises. The data processing used ibm spss statistics v21 method. The result of the research study is to group the factors that have a significant impact on the efficiency of the economic sector.