Management Methodology of the Own Capital for the Long-term Financial Sustainability of an Enterprise

Vadim A. Malyshenko ()
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Vadim A. Malyshenko: Institute for Economics and Management, Humanitarian and Educational Academy (branch), V. I. Vernadsky Crimean Federal University in Yalta, Yalta 298600, Russia

Finansovyj žhurnal — Financial Journal, 2018, issue 3, 99-110

Abstract: The article is devoted to the search for ways to overcome the problem of distorting the assessment of the financial condition of an enterprise in the long-term aspect. The prospective essence of this problem in the sanatorium enterprises of the Crimea is connected with the consequences of overstating the value of non-current assets (and the corresponding amount of their own capital) for the formation of the annual financial result. The proposed instrument is repulsed from the original mechanism of managing the amount of depreciation deductions and the final financial result. This mechanism regulates the process of reaching both the optimum value of own capital and the optimum value of circulating assets. The author presents the methods to achieve a comprehensive impact in a single model for all key financial management objects (profit, capital, cash flow). Methodological development can be useful for enterprises of the resort complex of Crimea and other enterprises of the resort business.

Keywords: modeling; complex approach; financial coefficient; property asset; financial standing (search for similar items in EconPapers)
JEL-codes: M49 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:fru:finjrn:180308:p:99-110

DOI: 10.31107/2075-1990-2018-3-99-110

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