Subject. Enterprises that are actively operating in the market are exposed to factors affecting their financial health. If the nature of the factors is negative, the enterprises will face adverse impact, like a decrease in financial stability and solvency. Objectives. The study aims at development of scientific and practical tools for information and analytical substantiation of bankruptcy probability assessment and monitoring of financial health of organizations of the fisheries complex when making management decisions. Methods. The methodological approach to assessing the probability of bankruptcy of fisheries enterprises relies on the study of multifactor models designed to predict bankruptcy. Results. The paper considers causes of bankruptcy and the influence of factors leading to loss of solvency of the enterprise, defines specific features of bankruptcy of fishing companies. We performed the analysis of financial condition of companies with 3.22.1 "Freshwater Industrial Fish Farming" core activity. On the basis of modern scientific research in the field of assessing insolvency and the probability of bankruptcy, we developed our own methodological approach for fishing companies. Conclusions. If used, the offered methodology will provide the company managers with reliable information on the possible occurrence of company's insolvency.
Keywords: assessment of the probability of bankruptcy, fisheries complex, analysis of financial condition, insolvency
References:
Korneiko O.V., Poleshchuk A.D. [Estimation of economic stability of the fisheries sector’s enterprises of the Primorsky Krai]. RJOAS: Russian Journal of Agricultural and Socio-Economic Sciences, 2017, no. 6, pp. 298–306. URL: Link (In Russ.)
Vorozhbit O.Yu., Terent'eva T.V., Titova N.Yu. [Sustainable development of fishing complex in Primorsky Krai via formation of territorial-sectoral industrial cluster]. Azimut nauchnykh issledovanii: ekonomika i upravlenie, 2016, vol. 5, no. 2. (In Russ.) URL: Link
Lyubinskaya M.V., Bezrukov I.S. [Methodic bases of crisis preventing in fishing industry]. Izvestiya TINRO (Tikhookeanskogo nauchno-issledovatel'skogo rybokhozyaistvennogo tsentra) = Izvestiya TINRO (Transactions of Pacific Research Institute of Fisheries and Oceanography), 2006, vol. 147, pp. 454–463. URL: Link (In Russ.)
Terent'eva T.V., Chikova V.O. [Prevention of bankruptcy and financial rehabilitation measures FGUP "Dalnevostochnoe"]. Azimut nauchnykh issledovanii: ekonomika i upravlenie, 2017, vol. 6, no. 4. (In Russ.) URL: Link
Zemskov V.V., Solov'ev A.I., Solov'ev S.A. [Insolvency (bankruptcy) risk assessment models: History and nowadays]. Ekonomika. Nalogi. Pravo = Economics, Taxes & Law, 2017, no. 6, pp. 91–100. URL: Link (In Russ.)
Chernova E.V. [Modern models for assessing the probability of bankruptcy and their use in the audit of enterprises]. Azimut nauchnykh issledovanii: ekonomika i upravlenie, 2020, vol. 9, no. 3. (In Russ.) URL: Link
Nikandrova R.S., Levanova E.Yu. [Analysis of bankruptcy (insolvency) of an organization]. Vestnik Rossiiskogo universiteta kooperatsii = Vestnik of Russian University of Cooperation, 2017, no. 3, pp. 66–70. URL: Link (In Russ.)
Zakharyan A.V., Boiko A.A., Safarova S.N. [Practice of using various foreign techniques forecasting bankruptcy of organizations]. Mezhdunarodnyi zhurnal gumanitarnykh i estestvennykh nauk = International Journal of Humanities and Natural Sciences, 2020, no. 4-1, pp. 150–154. URL: Link (In Russ.)
Bzhikhatlov Z.Kh. [The prediction of the probability of bankruptcy with using a variety of methods]. Nauchnye izvestiya = Scientific News, 2017, no. 7, pp. 53–56. URL: Link (In Russ.)
Ivanova L.I., Maksimova S.Yu. [Effectiveness of case-method application in risk assessment of organization bankruptcy]. Concept, 2014, no. 8. (In Russ.) URL: Link
Blazhevich O.G., Karachun A.I., Suleimanova A.L. [Comparative analysis and application of methods for predicting bankruptcy]. Byulleten' nauki i praktiki = Bulletin of Science and Practice, 2017, no. 5, pp. 161–175. URL: Link (In Russ.)
Shal'neva V.V., Zubkova V.I. [Estimation of probability of potential bankruptcy of the enterprise]. Nauchnyi vestnik: finansy, banki, investitsii = Scientific Bulletin: Finance, Banking, Investment, 2017, no. 3, pp. 37–42. URL: Link (In Russ.)
Yaroshevich M.V. [Modern approaches to crisis management and bankruptcy prevention in small businesses]. Naukovedenie, 2015, vol. 7, no. 2. (In Russ.) URL: Link
Shirinkina E.V. [Forecasting an enterprise's insolvency risk under uncertainty]. Vestnik Permskogo universiteta. Seriya: Ekonomika = Perm University Herald. Economy, 2015, no. 3, pp. 137–144. URL: Link (In Russ.)
Volodina S.G. [Assessment of the risk of insolvency of fisheries (on the example of the Primorsky Krai)]. Azimut nauchnykh issledovanii: ekonomika i upravlenie, 2020, vol. 9, no. 2. (In Russ.) URL: Link
Volodina S.G. [Economic evaluation of the level of economic safety of fishing enterprises (on the example of the Primorsk region)]. Nauchnye trudy Dal'rybvtuza = Scientific Journal of the Far East State Technical Fisheries University, 2020, vol. 9, no. 1, pp. 62–67. URL: Link (In Russ.)
Volodina S.G. [Effect of payment discipline on business activity (on the example of PJSC “NBAMR”)]. Azimut nauchnykh issledovanii: ekonomika i upravlenie, 2018, vol. 7, no. 2. (In Russ.) URL: Link
Terent'eva L.I., Megrikyan I.G. [Relevance of probabilistic assessments in crisis management]. E-Scio, 2019, no. 12. (In Russ.) URL: Link
Grankin V.F., Marchenkova I.N., Udovikova A.A. [Comparative analysis of Russian and foreign methods of predicting the probability of bankruptcy]. Vestnik Kurskoi gosudarstvennoi sel'skokhozyaistvennoi akademii = Vestnik of Kursk State Agricultural Academy, 2018, no. 5, pp. 169–176. URL: Link (In Russ.)
Lapteva S.V. [MDA-model in complex assessment of risk of bankruptcy of Russian enterprises]. Vestnik Volzhskogo universiteta im. V.N. Tatishcheva = Vestnik of Volzhsky University after V.N. Tatischev, 2018, no. 3, pp. 54–62. URL: Link (In Russ.)
