Decomposition of financial-economic indicators during probability evaluation of bankruptcy risk (for sea trade ports of Ukraine)

Authors

DOI:

https://doi.org/10.15587/2312-8372.2016.66222

Keywords:

risk, bankruptcy, decomposition of indicators, sea trade ports

Abstract

The assessment of integrated sea trade ports bankruptcy risk was done with the software «Analysis of financial risks and overall risk of bankruptcy». The program calculates financial ratios and visualizes the results using range-score method in the consolidated analysis of financial condition and consolidated analysis of indicators of bankruptcy, namely: financial stability, solvency, business activity, performance evaluation of the balance sheet structure, profitability and bankruptcy probability results for the years 2012-2014.

The trends of sea trade ports of Ukraine development in 2012-2014 were analyzed, particularly the calculations for indicators: assets, liabilities, sales revenue, profit from operating and financing activities, the net profit were presented. The calculations showed that for the period analyzed, there was deterioration and development of ports in 2013 while to get the positive development it became possible in 2014.

The worst results in terms of probability of bankruptcy were received according to the Conan and Holder models. Only three of the ten ports showed low bankruptcy for bankruptcy probability in 2014. The differentiation in the probability evaluation results was found. In terms of Lis and Springate models significant evaluation part is the increase of capitalization, whereas according to the model of Conan Holder the importance of creating added value in the company is vital.

Author Biography

Ірина Михайлівна Нєнно, Odessa I. I. Mechnikov National University, 24/26, Frantsuzkiy blrd., Odessa, Ukraine, 65058

Candidate of Economic Sciences, Associate Professor

Department of Economics and Management

References

  1. Vil'skii, G. B., Goncharov, I. N., Kruk, Yu. Yu., Krushkin, E. D. (2010). Upravlenie morskim portom. Odessa: Fenіks, 428.
  2. Kuzmin, O. Ye., Verbytska, H. L., Melnyk, O. H. (2008). Obgruntuvannia hospodarskykh rishen i otsiniuvannia ryzykiv. Lviv: Vydavnytstvo Natsionalnoho universytetu «Lvivska politekhnika», 212.
  3. Starostyna, A. O., Kravchenko, V. A. (2004). Ryzyk-menedzhment: teoriia ta praktyka. Kyiv: IVTs Vydavnytstvo «Politekhnika», 200.
  4. In: Lobanov, A. A., Chugunov, A. V. (2003). Entsiklopediia finansovogo risk-menedzhmenta. Moscow: Al'pina Pablisher, 786.
  5. Rogov, M. A. (2007). Risk-menedzhment. Moscow: Finansy i statistika, 120.
  6. Environmental Risks at Ports and Terminals Grow as Oil Traffic Drives Activity. (2014). Marsh Risk Management Research. Available: http://usa.marsh.com/Portals/9/Documents/Environmental%20Risks%20at%20Ports%20and%20Terminals%20Grow%20as%20Oil%20Traffic%20Drives%20Activity.pdf
  7. Zhihareva, V. V. (2015). Metodicheskie osnovy otsenki riskov v deiatel'nosti predpriiatii morskogo transporta. Rozvitok metodіv upravlіnnia ta gospodariuvannia na transportі, 1 (50), 7–31
  8. Srikanth, S. N., Venkataraman, R. Strategic Risk Management in Ports. Available: http://hauers.com/StrategicRiskMgt%20in%20Ports.pdf
  9. Scarlat, E., Chirita, N., Bradea, I. Indicators and Metrics, Used in the Enterprise Risk Management. Available: http://www.ecocyb.ase.ro/20124pdf/Emil%20Scarlat%20(T).pdf
  10. Nyenno, I. (2015). Indicators and Metrics of the Sea Ports’ Enterprise Risk Management. ECONOMICS: time realities, 4 (20), 142–147. Available: http://economics.opu.ua/files/archive/2015/No4/142-147.pdf
  11. Nyenno, I. M. (2015). Metodologiia integrirovannogo risk-menedzhmenta v morskih portah. Ekonomist, 9, 19–24.

Downloads

Published

2016-03-29

How to Cite

Нєнно, І. М. (2016). Decomposition of financial-economic indicators during probability evaluation of bankruptcy risk (for sea trade ports of Ukraine). Technology Audit and Production Reserves, 2(6(28), 37–41. https://doi.org/10.15587/2312-8372.2016.66222

Issue

Vol. 2 No. 6(28) (2016): Development of productive forces and regional economy. Economic cybernetics

Section

Problems of Macroeconomics and Socio-Economic Development: Original Research

License

Copyright (c) 2016 Ірина Михайлівна Нєнно

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

The consolidation and conditions for the transfer of copyright (identification of authorship) is carried out in the License Agreement. In particular, the authors reserve the right to the authorship of their manuscript and transfer the first publication of this work to the journal under the terms of the Creative Commons CC BY license. At the same time, they have the right to conclude on their own additional agreements concerning the non-exclusive distribution of the work in the form in which it was published by this journal, but provided that the link to the first publication of the article in this journal is preserved.