E3S Web Conf.
Volume 56, 2018VII International Scientific Conference “Problems of Complex Development of Georesources” (PCDG 2018)
|Number of page(s)||7|
|Section||Strategic, Geo-Environmental and Economic Problems of Subsurface Use|
|Published online||26 September 2018|
Integration of production as a way to improve the financial stability of non-ferrous metallurgy enterprises in the Far Eastern region of Russia
Mining Institute of Far eastern branch of Russian Academy of Sciences, Khabarovsk, Russia
* Corresponding author: firstname.lastname@example.org
Article is devoted to a question of financial and economic stability of the enterprises. Uncertainty and instability of the external environment can lead to a slowdown in economic growth, to a decline in production and reduction of investment. In recent years, problems of financial instability and bankruptcy have grown into a category of economic security of the country. Annually for these reasons, thousands of businesses cease operations, which has a negative impact on the social and economic situation of the regions. The article examines the theoretical and methodological tools of financial stability of economic entities as an indicator of the effectiveness of the financial management system in commercial organizations. This is ensured by permanent solvency by maintaining a sufficient level of liquidity of assets (finished goods, receivables, short-term financial investments, etc.). The author made attempts to create a methodology for assessing the financial and economic sustainability of mining companies in the Far Eastern region that are engaged in the extraction and processing of non-ferrous metal ores in order to avoid their bankruptcy and as an exit - merger into a vertically integrated company. This will allow to connect the technological cycle at individual enterprises: from the extraction of raw materials and its processing to the production of high-value products and to increase their competitiveness both on the Russian market and on the world market.
© The Authors, published by EDP Sciences, 2018
This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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