CORPORATE FINANCIAL HEALTH ASSESSMENT: METHODS AND TOOLS FOR EMERGING MARKETS

  • N. LVOVA (Н.А. ЛЬВОВА), д-р экон. наук, доцент Санкт-Петербургский государственный университет, Санкт-Петербург, Россия
Ключевые слова: public companies, corporate financial health, financial diagnostics, bankruptcy prediction, emerging markets, investment monitoring

Аннотация

The paper address the methodological approaches to the corporate financial health assessment. The research purpose was to systematize corresponding methods and tools in the context of investment monitoring, with an emphasis on the level of financial development. The research methodology was based on the assumption that there are three key theoretical foundations for corporate financial health assessment: bankruptcy prediction, investment analysis and financial systems assessment. The main prerequisite of the research is that the choice of methods and tools to the corporate financial health assessment in emerging markets lies in the field of bankruptcy prediction models. Besides, it is advisable to analyze the potential of structural models for bankruptcy prediction, the principles of which are most closely related to investment analysis. Finally, the results of methodological approaches systematization in the research field need to be adjusted to the instruments of financial systems assessment. The research shows that the specifics of corporate financial health assessment in the emerging markets is associated with its theoretical, methodological and informational support. The focus of relevant methods and tools remains in the plane of bankruptcy prediction models. The models based on market indicators can be applied to public companies, but their applicability should be tested taking into account information limitations. Factors of corporate financial health, in turn, can be subdivided into market and specific ones, being adjusted for the level of financial development.

Литература

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Опубликован
2019-06-25
Как цитировать
LVOVA (Н.А. ЛЬВОВА)N. (2019). CORPORATE FINANCIAL HEALTH ASSESSMENT: METHODS AND TOOLS FOR EMERGING MARKETS. Экономика и банки, (1), 23-29. извлечено от http://ojs.polessu.by/EB/article/view/1234
Выпуск
Раздел
Финансы, денежное обращение и кредит