Impact of Financial Sustainability on Enterprise Value Expansion

##plugins.themes.bootstrap3.article.main##

Mansur Eshov

Аннотация

As enterprises are an important component of the national economy, increasing their value is a key factor for sustainable development in the country.
In world practice, there is no uniform approach to the factors that influence the value of enterprise. One of the most important factors of increasing the value of the enterprise is ensuring its financial stability through the effective use of financial resources of it. Therefore, it is important to develop a system of indicators that characterize its financial sustainability and take measures to ensure its financial sustainability in improving the value of the enterprise.
In world practice, the financial performance of the sustainability of enterprises is not systematized, and in different countries these indicators differ. In assessing financial sustainability, the characteristics of enterprises are taken into account. Moreover, this poses a challenge in assessing the financial sustainability of enterprises.
The article explores the theoretical aspects of enterprise value valuation and management. The impact of financial stability of enterprises on their value has been evaluated and analyzed. Proposals have been developed to ensure financial sustainability of enterprises.

##plugins.themes.bootstrap3.article.details##

References

1. Marshall A. Principles of economic science. -T. 1. and 2. - M .: Edition of ROO, 1996.
2. Modigliani F., Miller M. The Cost of Capital Corporation Finance and the Theory of Investment // Journal of Business. - 1958. - Vol. 34. -P. 411-433.
3. Druker P.F. The information executive truly need. - Garvard business review. - 1995.- Jan.- Feb.- p. 54-62.
4. Kogdenko, V.G. Managing company value. Value-oriented management: textbook / V.G. Kogdenko, M.V. Miller. -M .: UNITY-DANA, 2014. P.447
5. Zherebtsova N.A. Management of enterprise value growth based on the development and implementation of assortment policy. Abstract. thesis. for the scientific degree of cand. econ. sciences. -Samara, 2006 .- p. 3.
6. Rajesh Kumar. Perspectives on value and valuation. Valuation: Theories and Concepts. Elsevier. Book, 2016. –p.4. www.sciencedirect.com/book/9780128023037/valuation#book-info).
7. Stefano Caselli, Giulia Negri. Company Valuation in Private and Venture Capital. Book: Private Equity and Venture Capital in Europe.
2nd Edition, 2018. Markets, Techniques, and Deals. Chapter 17. Elsevier. –p. 245. (www.sciencedirect.com/science/article/pii/B9780128122549000176).
8. Jean-Laurent Viviani and CaroleMaurel. Performance of impact investing: A value creation approach // Research in International Business and Finance. Volume 47, January 2019. Elsevier. –pp. 31-39. (https://www.sciencedirect.com/journal/research-in-international-business-and-finance/vol/47/suppl/C)
9. Christopher A.Hartwell and Anna P.Malinowska. Informal institutions and firm valuation // Emerging Markets Review. Volume 40, September 2019,
100603.(https://www.sciencedirect.com/journal/emerging-markets-review/vol/40/suppl/C)
10. Zvika Afik, Roi Haim, Yaron Laha. Advance notice labor conflicts and firm value – An event study analysis on Israeli companies //
Finance Research Letters. Available online 8 December 2018. (https://www.sciencedirect.com/journal/finance-research-letters/articles-in-press)
11. Izabela Jonek-Kowalska. How do turbulent sectoral conditions sector influence the value of coal mining enterprises? Perspectives from the Central-Eastern Europe coal mining industry // Resources Policy. Volume 55, March 2018. –pp. 103-112. (https://www.sciencedirect.com/journal/resources-policy/vol/55/suppl/C)
12. J.MacDiarmid, T.Tholana, C.Musingwini. Analysis of key value drivers for major mining companies for the period 2006–2015 // Resources Policy. Volume 56, June 2018. –pp. 16-30. (https://www.sciencedirect.com/journal/resources-policy/vol/56/suppl/C)
13. D.A.Alimov, N.K.Obrosova, A.A.Shananin. Methodology for Assessing the Value of an Enterprise in the Depressed Sector of Economy Based on Solving of the Bellman Equation // IFAC-Papers OnLine. Volume 51, Issue 32, 2018. –pp. 788-792. (https://www.sciencedirect.com/journal/ifac-papersonline/vol/51/issue/32)
14. Ismanov IN, Salimov GK Issues of improving the value of industrial enterprises // Scientific e-journal "Economics and Innovative Technologies". No. 6, November-December 2017.
15. Berkinov B.B. Corporate structures (foundations of creation and management). - T.: Publ. Nat Library of Uzbekistan named after A. Navoi, 2005, p.132., Khodiev B., Berkinov B., Kravchenko A. Business valuation.- T .: IQTISOD - MOLIYA, 2007.
16. Data of annual reports of JSC «ElektrkishlokQurilish»
17. Эшов, М., Shaymardanov, S., Mamadaliev, D., & Alimov, G. (2020). ORGANIZATION OF ADDITIONAL PROFESSIONAL EDUCATION OF ACCOUNTANTS. Архив научных исследований, (19). извлечено от https://journal.tsue.uz/index.php/archive/article/view/2174
Эшов, М. (2020). Основные направления развития энергетической отрасли Республики Узбекистан. Архив научных исследований, 1(18). извлечено от https://journal.tsue.uz/index.php/archive/article/view/2167
Эшов, М., Shaymardanov , S., & Zainutdinov, B. (2020). CONCEPT OF THE EFFECTIVE INTERRELATIONSHIP OF BANK AND INDUSTRY CAPITALS. Архив научных исследований, (19). извлечено от https://journal.tsue.uz/index.php/archive/article/view/2173
Эшов, М., Shaymardanov, S., Mamadaliev, D., & Alimov, G. (2020). ORGANIZATION OF ADDITIONAL PROFESSIONAL EDUCATION OF ACCOUNTANTS. Архив научных исследований, (19). извлечено от https://journal.tsue.uz/index.php/archive/article/view/2174
Эшов, М. (2020). Основные направления развития энергетической отрасли Республики Узбекистан. Архив научных исследований, 1(18). извлечено от https://journal.tsue.uz/index.php/archive/article/view/2167
Эшов, М. (2020). THE ROLE OF INVESTMENTS IN THE DEVELOPMENT OF POWER INDUSTRY. Архив научных исследований, (19). извлечено от https://journal.tsue.uz/index.php/archive/article/view/2170
Эшов, М. (2020). EFFECTIVE USE OF INVESTMENTS IN THE DEVELOPMENT OF THE ELECTRIC POWER INDUSTRY. Архив научных исследований, 1(18). извлечено от https://journal.tsue.uz/index.php/archive/article/view/2172
Eshov, M. (2020). CONCEPT OF THE EFFECTIVE INTERRELATIONSHIP OF BANK AND INDUSTRY CAPITALS . Архив научных исследований, 1(4). извлечено от https://journal.tsue.uz/index.php/archive/article/view/3940
Eshov, M. (2020). ORGANIZATION OF ADDITIONAL PROFESSIONAL EDUCATION OF ACCOUNTANTS. Архив научных исследований, 1(4). извлечено от https://journal.tsue.uz/index.php/archive/article/view/3939
Eshov, M. (2020). INVESTMENT AND MARKET STRUCTURE DEPLOYMENT IN THEIMPLEMENTATION OF ENTERPRISE VALUE ADVANCEMENT : CASE OF UZBEKISTAN . Архив научных исследований, 1(4). извлечено от https://journal.tsue.uz/index.php/archive/article/view/3938
Eshov, M. (2020). Assesment of the impact projects in increment of the enterprice value. Архив научных исследований, 1(4). извлечено от https://journal.tsue.uz/index.php/archive/article/view/3937