IMPROVING THE ASSESSMENT OF THE FINANCIAL CONDITION OF ENTERPRISES USING ENYI'S RELATIVE STABILITY MODEL
DOI:
https://doi.org/10.60078/2992-877X-2023-vol1-iss7-pp439-443Abstract
Due to government backing of the anti-financial crisis policy, state-owned enterprises successfully upheld their financial stability and navigated their way out of the crisis. We analyzed the crisis management abilities of specific state-owned companies in Uzbekistan, assessing the degree of financial strain they encountered. A new relative solvency model of Enyi was implemented to evaluate four strategically significant state enterprises operating in Uzbekistan.
Keywords:
financial condition of enterprises model Enyi financial conditions economic insolvencyReferences
Altman, Edward I. (1968). Financial ratios, discriminant analysis and the prediction of corporate bankruptcy. The Journal of Finance 23: 589–609. [CrossRef]
Altman, Edward I., Małgorzata Iwanicz-Drozdowska, Erkki K. (2017) Laitinen, and Arto Suvas.. Financial distress prediction in an international context: A review and empirical analysis of Altman’s Z-score model. Journal of International Financial Management & Accounting 28: 131–71.
Enyi, E. (2005). Applying Relative Solvency to Working Capital Management - The Break-Even Approach. SSRN Electronic Journal. DOI: 10.2139/ssrn.744364.
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