Modeling of financial and economic security of transport enterprises based on factor analysis

Abstract

Purpose. Financial and economic security defines sustainable financial development of the enterprise, that is balanced and sustained, it justifies the necessity to achieve it through the effective use of all kinds of resources that are available at the enterprise. The purpose of the article is to improve the methodical estimation bases of the financial and economic security state at the transport enterprises, taking into account sector specificity for making the effective management decisions. Methodology. Theoretical and methodical basis of the research is in the systematic analysis of the process of assessing and modeling of the financial and economic security of enterprises in transport sector, theoretical principles of economic science in the sphere of financial efficiency evaluation of economic activities in a changing environment. Findings. The structure of the financial and economic security of the enterprises in transport industry was studied. The internal communication between the partial indicators of the investigated process for selection of necessary and sufficient quantities of the most indicative factors of influence were defined. Partial components of the financial and economic security based on the results of its modeling formation at the transport enterprises using factor analysis methods were systematized. Originality. Authors improved the methodological basis of quantitative evaluation of the financial and economic security level at the transport enterprises on the basis of the aggregate partial indicators, which was formed with industry specificity. This allows evaluating complex estimation of the degree of external and internal factors influence on the financial and economic security at the enterprises to ensure the effective management decisions making in order to achieve planned financial performance indicators of their activity. Practical value. Certain trends of forming ability of the transport companies to protect their financial interests are common for the studied objects. They explain 72% of the total variability of partial characteristics and reflect the modern process features of financial management and economic security. This justifies practical use expediency of the formed aggregate of the partial indicators of the financial and economic security as the basic parameters of the integrated assessment of its state at the transport industry enterprises for providing timely detection and prevention possible threats of company functioning in the financial environment.

Keywords

• financial and economic security
• transport companies
• modeling of financial and economic security
• factor analyses