Economic sustainability of small construction enterprises of Ukraine: assessment, tendencies and prospects

Abstract

The goal of the article is the study of economic sustainability of small construction enterprises of Ukraine on the basis of financial and economic indicators, which characterise financial, production and investment activity of enterprises. Having assessed dynamics of the ratios (liquidity, financial independence, profitability, labour productivity, wages, relation of the level of wages of workers to the average wage by all branches of economy, wear and tear of fixed assets, increase of floating assets and receivables, re-investment ratios and the share of gross capital investments in assets) the article identifies factors that negatively influence economic sustainability of both small construction enterprises and the whole construction industry. These factors are unprofitableness of analysed enterprises during a long period, significant reduction of sizes of own capital and fall of investment activity. Prospect of further studies in this direction is identification of macro-economic factors that influence economic sustainability of small construction enterprises.

Keywords

• economic sustainability
• small construction enterprise
• economic stability
• economic analysis