Building More Sustainable Enterprises in Agriculture with Advanced Digital Technologies

Svetlana G. Cheglakova (), Alexey Yu. Karpunin () and Elena V. Karpunina ()
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Svetlana G. Cheglakova: Ryazan State Radio Engineering University Named After V. F. Utkin
Alexey Yu. Karpunin: Ryazan State Radio Engineering University Named After V. F. Utkin
Elena V. Karpunina: Ryazan State Radio Engineering University Named After V. F. Utkin

Chapter Chapter 21 in Unlocking Digital Transformation of Agricultural Enterprises, 2023, pp 203-211 from Springer

Abstract: Abstract The development of the digital economy implies a change in the conditions of economic entities. It also contributes to the appearance of new factors affecting their performance. Digital transformation will contribute to improving the efficiency of economic development, including agricultural companies. It should be considered as a source of stabilizing and destabilizing factors affecting the financial status. The need to improve methodological tools for forecasting the bankruptcy probability of agricultural companies. The use of digital technologies is considered as a factor affecting the bankruptcy probability through the decision-making system of the company’s management. The study is based on the differentiation method of categories “insolvency” and “bankruptcy,” used in the insolvency (bankruptcy) proceedings of the debtor. The limits of bankruptcy probability are defined, typical of various states of economic entities, such as paying capacity, paying incapacity, and insolvency. Based on assessing the impact of digital technologies, problems were identified that prevent the development of competition in the industry. The authors evolved potential areas of digital technologies application in agricultural companies and objective factors limiting digital technologies in the industry. The need to assess the bankruptcy probability was justified when assessing the capacity of introducing digital technologies in agricultural companies. The authors clarified the conceptual construct of such categories as “risk” (the possibility of both adverse and favorable events) and “bankruptcy probability” (the possibility of improvement or deterioration of the financial status of the company in terms of changing factors of the external and internal environment).

Keywords: Digital technologies; Payment solvency; Insolvency; Inability to pay debts; Probability of bankruptcy; Bankruptcy; Bankruptcy procedures; Agricultural companies (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:innchp:978-3-031-13913-0_21

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DOI: 10.1007/978-3-031-13913-0_21

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