KEY ASPECTS OF CORPORATE FINANCIAL SOUNDNESS

With increasing role of transnational corporation (TNC) questions of corporate financial soundness analysis and prediction methods are gaining momentum. This article highlights the key aspects of financial soundness of corporations. The author compared the economic notion of financial soundness in t...

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Autor principal: Y. D. Sotneva
Formato: article
Lenguaje:EN
RU
Publicado: MGIMO University Press 2015
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Acceso en línea:https://doaj.org/article/773ae0c8d70549888519f29f0fc8b128
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spelling oai:doaj.org-article:773ae0c8d70549888519f29f0fc8b1282021-11-23T14:51:02ZKEY ASPECTS OF CORPORATE FINANCIAL SOUNDNESS2071-81602541-909910.24833/2071-8160-2015-4-43-278-284https://doaj.org/article/773ae0c8d70549888519f29f0fc8b1282015-08-01T00:00:00Zhttps://www.vestnik.mgimo.ru/jour/article/view/2873https://doaj.org/toc/2071-8160https://doaj.org/toc/2541-9099With increasing role of transnational corporation (TNC) questions of corporate financial soundness analysis and prediction methods are gaining momentum. This article highlights the key aspects of financial soundness of corporations. The author compared the economic notion of financial soundness in theory and in practice. Also, specified the concept of financial soundness («stability», «sustainability», «solvency», «soundness», «financial distress) used in Russia and internationally. The existing academic approach in terms of financial soundness assessment is different from the view of international organizations and corporations. The article stated that Russian researches in general see financial soundness as a mix of liquidity and solvency whereas in practice the financial soundness is a more multivariate concept. International Monetary Fund, Ministry of Regional Development and Central Bank of Russia extend the concept of financial soundness adding the profitability and specific ration into the analysis. Foreign authors use different models of financial soundness ranging from statistical, mathematical to special ratings. In practice there is also no definitive understanding of financial soundness based on the analysis of financial information of Rosneft, Alrosa, and Tatneft.Compared Russian and foreign academic approach, government and international instructions of IMF, Ministry of Regional Development and Central Bank of Russia and stated the main characteristics of financial soundness, an author gives its definition.Y. D. SotnevaMGIMO University Pressarticlefinancial soundnesstransnational corporations (tnc)liquiditysolvencyprofitabilityfinancial sustainabilityfinancial distressInternational relationsJZ2-6530ENRUVestnik MGIMO-Universiteta, Vol 0, Iss 4(43), Pp 278-284 (2015)
institution DOAJ
collection DOAJ
language EN
RU
topic financial soundness
transnational corporations (tnc)
liquidity
solvency
profitability
financial sustainability
financial distress
International relations
JZ2-6530
spellingShingle financial soundness
transnational corporations (tnc)
liquidity
solvency
profitability
financial sustainability
financial distress
International relations
JZ2-6530
Y. D. Sotneva
KEY ASPECTS OF CORPORATE FINANCIAL SOUNDNESS
description With increasing role of transnational corporation (TNC) questions of corporate financial soundness analysis and prediction methods are gaining momentum. This article highlights the key aspects of financial soundness of corporations. The author compared the economic notion of financial soundness in theory and in practice. Also, specified the concept of financial soundness («stability», «sustainability», «solvency», «soundness», «financial distress) used in Russia and internationally. The existing academic approach in terms of financial soundness assessment is different from the view of international organizations and corporations. The article stated that Russian researches in general see financial soundness as a mix of liquidity and solvency whereas in practice the financial soundness is a more multivariate concept. International Monetary Fund, Ministry of Regional Development and Central Bank of Russia extend the concept of financial soundness adding the profitability and specific ration into the analysis. Foreign authors use different models of financial soundness ranging from statistical, mathematical to special ratings. In practice there is also no definitive understanding of financial soundness based on the analysis of financial information of Rosneft, Alrosa, and Tatneft.Compared Russian and foreign academic approach, government and international instructions of IMF, Ministry of Regional Development and Central Bank of Russia and stated the main characteristics of financial soundness, an author gives its definition.
format article
author Y. D. Sotneva
author_facet Y. D. Sotneva
author_sort Y. D. Sotneva
title KEY ASPECTS OF CORPORATE FINANCIAL SOUNDNESS
title_short KEY ASPECTS OF CORPORATE FINANCIAL SOUNDNESS
title_full KEY ASPECTS OF CORPORATE FINANCIAL SOUNDNESS
title_fullStr KEY ASPECTS OF CORPORATE FINANCIAL SOUNDNESS
title_full_unstemmed KEY ASPECTS OF CORPORATE FINANCIAL SOUNDNESS
title_sort key aspects of corporate financial soundness
publisher MGIMO University Press
publishDate 2015
url https://doaj.org/article/773ae0c8d70549888519f29f0fc8b128
work_keys_str_mv AT ydsotneva keyaspectsofcorporatefinancialsoundness
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