Problem of economic entities legal identification and their financial activity
Journal Title: Регіональна Економіка - Year 2016, Vol 79, Issue 1
Abstract
Economic entities finances are the indispensable element of society financial system and form the major share of its financial resources. Stable and healthy financial system cannot exist without efficiently functioning economic entities. Foreign borrowings, in particular IMF tranches, can prevent default and solve urgent financial problems, however economy development can be maintained by successful economic entities, which in their variety form a certain economy structure, fill in the market niches, create jobs and charge budget. <br>The article aims to define legal nature of economic entities and key factors of their financial activity and on this basis to find the most vulnerable places and formulate suggestions over improvement of their finances. <br>Problems of legal identifying of entities are diagnosed in the article. The essence of the concepts of «entities» and «financial activity» is revealed, their main characteristics are defined. Special features of development and performance of entities acting at the sphere of financial agency are proved. The article emphasizes the priority and importance of the development and operation of other entities in the issue of efficient evolution of financial intermediation at market conditions. Performance of entities in Ukraine during last years is analyzed, and as a result, changes of quantitative dynamics and prospects of further development are shown. Finances of entities are defined as an independent basic sphere of financial relationships, taking into account their industry specifics. Peculiarities of definition of the enterprise finances at microeconomic and macroeconomic level are characterized. The article proves the fact that finances of entities as economic and legal category combine both private and public interests satisfaction. Main measures of entities activity in Ukraine during recent years are summarized as well as main special features of their development are determined. Main tendencies of development of entities finances in Ukraine regardless of the type of performance are distinguished. Principal shortcomings of entities performance and their financial activity are characterized. Criteria for assessment of economic efficiency of the mechanism of financial entities development are itemized. The article defines the importance of tackling the system of macroeconomic problems such as restraining inflation, national currency devaluation suspension, recovery and restore of confidence at banking sector, corruption combating to ensure effective development of finance entities and of stimulation of investment activity and efficient operation of cycle funds mechanism.
Authors and Affiliations
Iryna I. Pasinovych, Lyudmyla V. Ivanets
Keywords
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