Towards financing system of integrated enterprise development in the time of COVID-19 outbreak
No Thumbnail Available
Date
2022
Journal Title
Journal ISSN
Volume Title
Publisher
MDPI
Abstract
The development of an enterprise under current conditions requires an integrated approach
and an appropriate financing system. The purpose of this study is to justify the replication model
of financing the integrated enterprise development. The research methodology suggests that each
enterprise has its own development “genome”, which makes it possible to apply the replication of
its directions based on a justified financing system of such an integration. The proposed replication
model is augmented by regression analysis, which made it possible to carry out scenario forecasting of
alternative options for the company’s development. The conduction of the study is based on 16 textile
enterprises. The formed map of the integrated enterprise development enabled the determination
of their points to replicate resources in four directions (environmental and economic, innovative,
informational, and organizational). The interaction of companies on the basis of strengths diffusion
(exchange of potential) with the application of financial netting is considered an alternative to
replication. The research proved that an alternative option can solely be recommended for developed
companies and requires the identification and minimization of risks. The strong link between the level
of integrated and overall development of companies was acknowledged. Asymmetry of business
development in the context of a replication model of its integration enables the achievement of high
results while minimizing financial resources. Enterprises implementing the replication model of
integration considerably improve their prospects and increase overall development performance.
The application of the replication model of financing integration under the crisis and the COVID-19
pandemic fosters efficient use of financial resources and the overall enterprise development.
Description
Keywords
enterprise development, financial indicators, financing system, COVID-19, model, potential exchange, regression, replication
Citation
Towards financing system of integrated enterprise development in the time of COVID-19 outbreak [Electronic resource] / Kateryna Boichenko, Stefan Cristian Gherghina, António Abreu [et al.] // International Journal of Financial Studies : scientific journal / [ed. board: S. Boubaker (ed.-in-chief) et al.]. – Electronic text data. – Basel, 2022. – Vol. 10, Iss. 3. – P. 1–20. – Mode of access: https://www.mdpi.com/2227-7072/10/3/50. – Title from screen.