Regional Economics: Theory and Practice
 

Methodological aspects of assessing the financial security and sustainability of small agricultural and trading enterprises

Vol. 15, Iss. 11, NOVEMBER 2017

Received: 17 August 2017

Received in revised form: 19 September 2017

Accepted: 10 October 2017

Available online: 15 November 2017

Subject Heading: ECONOMIC SECURITY

JEL Classification: L02, L26

Pages: 2167–2186

https://doi.org/10.24891/re.15.11.2167

Zabolotskaya V.V. Kuban State University, Krasnodar, Krasnodar Krai, Russian Federation zvikky90@gmail.com

Bordiyan L.V. Kuban State University, Krasnodar, Krasnodar Krai, Russian Federation message2blv@gmail.ru

Subject The article studies the financial and economic relations that arise in assessing the financial sustainability and security of small business in the trade and agriculture sectors.
Objectives The article aims to compare the existing scientific approaches to assessing the financial sustainability and security and propose a methodological approach based on the application of a computerized scoring algorithm and ranking of financial indicators, taking into account the industry-specific nature of small borrowing enterprises.
Methods For the study, we used the methods of expert evaluation and correlation analysis. The article provides an overview of the information and statistics data from Russian and foreign sources.
Results The article offers our own developed methodological approach based on the application of feed aggregators, which includes an algorithm and software to calculate the integrated credit rating, and which allows for a mathematically precise determination of the creditworthiness class and credit risk cover reserve.
Conclusions and Relevance The article shows that commercial banks do not single out financial security indicators when assessing borrowers. The proposed software improves the existing methodological approaches to financial security assessment. Its application in banking practice will help small enterprises to access external financial resources. The practical significance of the proposed methodological approach is that the software is adapted to the new forms of accounting, and can be used in the activities of banks and other financial intermediaries.

Keywords: financial stability, security, small business, assessment indicators, computation

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