Kharchenko T. Justification of the Methodological Approach to the Complex-Rating Evaluation of Agricultural Enterprises in Sumy Region

Abstract

Modern tendencies of Ukrainian economy development caused the necessity to introduce procedures increasing investment attractiveness of industries and productions with considerable multiplication effect. Thus, today the problem of the qualitative evaluation of investment attractiveness of agricultural enterprises is keen as ever. Development of new criteria for the evaluation of enterprises investment attractiveness underlines the necessity for improvement of existing approaches for that evaluation. In addition, it is an evidence of actuality of the further research in this direction of the economic science.  The main principles of the methodological approach to the complex-rating evaluation of agricultural enterprises were defined by the Concepts of Creating a System for the Rating Evaluation of Regions, Branches of National Economy, and Entities. The system of indices was developed based on Methods of Integrated Evaluation of Investment Attractiveness of Enterprises and Organizations. These methods anticipate the use of different indices that characterize the property state of an enterprise, its financial stability, assets liquidity, profitability, business and market activity of an enterprise. It also allows getting the content characteristics of the enterprise. Herewith, we deliberately moved back from calculation of integrated index while conducting the complex-rating evaluation of agricultural enterprises of one region. The explanation is a homogenous nature of the group of entities being described.  Algorithm for calculation of the complex-rating evaluation is based on all aspects comparison of the enterprises of defined group to conventional enterprise that has the best results in the group being described (exponentially perfect). In other words, in order to create a rating, the best results of the certain agricultural enterprises activity are used, considering that the enterprises are homogenous and function in the same region and market conditions. Herewith, exponentially perfect enterprise is the most competitive and effective agricultural enterprise of the homogenous group of objects, being described. Justified methodological approach allows determining the number of agricultural enterprises that are attractive for investments, considering external and internal pressure. It also excludes the experts’ subjective evaluation of the same branch enterprises