Adaptability of the Belarusian model of diagnostics of financial stability to agricultural enterprises

Aliya Akhmetova (), Svetlana Shcherbatyuk (), Gizat Abdykerova (), Zina Shaukerova (), Assem Kazhmukhametova () and Kainiken Atabayeva ()
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Aliya Akhmetova: S. Seifullin Kazakh Agro Technical University, Kazakhstan
Svetlana Shcherbatyuk: Grodno State Agrarian University, Belarus
Gizat Abdykerova: S. Seifullin Kazakh Agro Technical University, Kazakhstan
Zina Shaukerova: S. Seifullin Kazakh Agro Technical University, Kazakhstan
Assem Kazhmukhametova: Kazakh University of Economy, Finance and International Trade, Kazakhstan
Kainiken Atabayeva: S. Seifullin Kazakh Agro Technical University, Kazakhstan

Entrepreneurship and Sustainability Issues, 2020, vol. 8, issue 1, 1177-1189

Abstract: The article considers the current state of the agricultural sector of the Republic of Kazakhstan and its capabilities. The role of state support for the agro-industrial complex, characterized by high capital intensity, long payback period, low profitability, and dependence on natural and climatic conditions, which makes it less competitive in comparison with other sectors of the economy, and leads to the fact that the activities of agribusiness entities is more exposed to financial risk, is shown. A comparative assessment of the financial stability indicators of agricultural formations of the dairy sector of the Grodno region of the Republic of Belarus and two agricultural producers of the Republic of Kazakhstan with similar production specialization was carried out in order to determine the likelihood of the onset of the financial crisis using statistical multi-choice models. The scientific novelty of the study is to identify promising areas for assessing the financial stability of domestic agricultural enterprises, including on the basis of studying foreign experience in diagnosing the financial crisis, which will allow predicting and developing the right managerial decision aimed at improving the financial condition of agricultural enterprises.

Keywords: financial stability; risk of financial crisis; production efficiency; production and financial factors (search for similar items in EconPapers)
JEL-codes: Q10 Q12 Q13 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ssi:jouesi:v:8:y:2020:i:1:p:1177-1189

DOI: 10.9770/jesi.2020.8.1(79)

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