А comprehensive approach to the diagnosis of crisis status of business entities in a pandemic condition

Authors

DOI:

https://doi.org/10.26906/EiR.2021.3(82).2374

Keywords:

crisis state, bankruptcy, pandemic COVID-19, diagnostics

Abstract

The article actualizes the issue of crisis diagnosis as a basis for timely detection of problems in the activities of business entities. It is substantiated that in the conditions of the COVID-19 pandemic and related quarantine restrictions, there was a significant decline in economic activity of the population, which caused a crisis in many businesses. The impact of the pandemic on the activities and financial condition of enterprises in Ukraine has been studied. A comprehensive approach to assessing the crisis of economic entities, which takes into account the diagnosis of different types of crises based on a system of criteria and allows you to assess the depth of their development. This approach is the basis for the development of timely and adequate measures to combat crisis processes and prevent bankruptcy.

Author Biographies

Alina Hlushko, National University «Yuri Kondratyuk Poltava Polytechnic»

PhD (Economics), Assistant Professor

Vitaliia Skryl, National University «Yuri Kondratyuk Poltava Polytechnic»

PhD (Economics), Assistant Professor

References

Special Report of International Rating Agency «Fitch Ratings» Global Economic Outlook: Crisis Update May 2020. Cornavirus Shock Broadens. Access mode: https://www.fitchratings.com/research/sovereigns/global-economic-outlook-crisis-update-may-2020-coronavirus-shock-broadens-26-05-2020.

International Monetary Fund. COVID-19 Financial Assistance and Debt Service Relief. Access mode: https://www.imf.org/en/Topics/imf-and-covid19/COVID-Lending-Tracker

International Labour Organization. Uncertain and uneven recovery expected following unprecedented labour market crisis. Access mode: https://www.ilo.org/global/about-the-ilo/newsroom/news/WCMS_766949/lang--en/index.htm

Onyshchenko S., Нlushko А. (2020). Тhe impact of the COVID-19 pandemic on the socio-economic security of Ukraine. Academic and University Science – Results and Prospects: materials of XIII International Scientific and Practical Conference (December 10, 2020). Poltava: NUPP. P. 47–49.

Official website of State Statistics Service of Ukraine. Access mode: http://www.ukrstat.gov.ua/

Dubishhev V., Нlushko А. (2014). Methodological content of the study of the process of formation of state regulatory policy in Ukraine in the conditions of deepening market relations. Economy and region. Scientific Bulletin of Poltava National Technical University. Poltava: PNTU. Vol. 45. № 2. Р. 82–89. [in Ukrainian]

Gudz Т.P. (2007). The system of early detection and overcoming the financial crisis of enterprises: a monograph. Poltava.166 p. [in Ukrainian]

Нlushko А., Solod V. (2021). Application of models for assessing the bankruptcy of the enterprise on the example of PJSC "Firm" Poltavpivo". Economic development of the state and its social stability: materials of International Scientific-Practical Internet Conference (June 14, 2021). Poltava: NUPP. P. 138-140 (404 p.). [in Ukrainian]

Chornovil І. (2011). The essential characteristics of the crisis of the enterprise and the causes of its occurrence. Bulletin of Khmelnytsky National University. № 2. Т.1 P. 13–20. [in Ukrainian].

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Published

2021-09-05

How to Cite

Hlushko, A., & Skryl, V. (2021). А comprehensive approach to the diagnosis of crisis status of business entities in a pandemic condition. Economics and Region, (3(82), 108–114. https://doi.org/10.26906/EiR.2021.3(82).2374

Issue

Section

MONEY, FINANCE AND CREDIT

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