Value management models for financial resilience estimations. A case of selected industrial companies in the Republic of Moldova
Value management models for financial resilience estimations. A case of selected industrial companies in the Republic of Moldova
Author(s): Iurie Beșliu, Oleg Petelca, Veronica GarbuzSubject(s): National Economy, Business Economy / Management, Socio-Economic Research
Published by: Editura Universităţii »Alexandru Ioan Cuza« din Iaşi
Keywords: resilience; financial resilience; resilience model; value management; crisis situation;
Summary/Abstract: The object of the research is the financial resilience mechanism of the company focused on value management indicators. The aspect of financial resilience has been combined with enterprise value management in a crisis situation. The value management system was researched using the data from the financial reports of 32 joint-stock companies, the most representative for the industrial sector of the Republic of Moldova. Three models of financial resilience of the enterprise based on value management were applied: the operative value management model, the strategic value management model, and the econometric model. The results of the research showed the existence of a positive influence of the balance sheet value of equity and net residual profit on the value of the enterprise. The financial resilience based on the enterprise value determined according to the market capitalization can be achieved by the balance sheet value of equity and residual profit.
Journal: Eastern Journal of European Studies
- Issue Year: 12/2021
- Issue No: SI
- Page Range: 273-297
- Page Count: 25
- Language: English