DEVELOPMENT OF A MECHANISM FOR PREVENTING BANKRUPTCY OF ENTERPRISES AT THE REGIONAL AND NATIONAL LEVEL
Abstract
The paper develops a mechanism for preventing bankruptcy of enterprises at the regional level, which allows management to make managerial decisions on time that will effectively assess the threat of bankruptcy and anticipate it in advance. The developed research mechanism includes 3 main stages: formation of the feature space; enterprise`s bankruptcy probability assessment; forecasting the state of the enterprise. One proved that every year most Ukrainian enterprises have insignificant incomes and receive huge losses, as a result an unemployment is growing in the country. Quarantine restrictions related to the COVID–19 pandemics have made a significant negative contribution to the activities of both domestic and foreign enterprises. The object of the study was an international tobacco company whose activities goes in the Kharkiv region. Thus, the analysis of the financial condition showed that the enterprise investigated is not yet in danger of bankruptcy, since it is in a stable financial condition. In addition, the company has high indicators of liquidity and solvency. That is why the paper proposes to consider the mechanism for preventing bankruptcy of enterprises on the example of an international tobacco company. Thus, as a result of the development of the bankruptcy prevention mechanism, it became possible to form the basis of models that will be adapted to domestic enterprises, which will allow identifying the threat of bankruptcy and preventing bankruptcy at an early stage, thereby increasing the number of financially healthy enterprises and economic growth in the regions.
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