Respondent

Nestor Olha Yuriivna

Theme

Strategic financial planning in the practice of the Ukrainian enterprises

Defence Date

29.11.2018

Annotation

Strategic financial planning is an important part of the process of long–term
planning in sustainable development of domestic business entities. In the process of its
realization the main goals and objectives of the existing business are defined, clear
guidelines for newly created firms are clarified, a plan for their achievement within the
framework of the financial strategy is developed, which is a precondition for
successful performance. However, in today’s market economy, the importance of
strategic financial planning is often underestimated. The experience of many business
entities in developed countries shows that at today’s market, due to a harsh
competition, strategic financial planning is one of the most important conditions for
their successful performance. There is a necessity for carrying out a research on the
issues of strategic financial planning at the activities of business entities in Ukraine. At
the same time a special place takes advance in the efficiency of strategic financial
planning of enterprises in terms of Ukraine’s integration into the world economy and
the European economic space in general.
The instability of the financial–economical and political situation, the
transformation of the international market environment, the intensification of export–
import operations, the strengthening of integration processes in the world is
accompanied by the revitalization of economic competition, which actualizes the
issues of strategic financial planning at the activities of business entities.
Underdevelopment or lack of such planning inhibits the formation of prerequisites for
the development of the real sector causing the non–receipt of domestic economic
agents potential income and lowering their profitability.
In the course of the research such items have been improved: the conceptual and
terminological apparatus at strategic financial planning in the part of improvement the
author’s interpretation of the concept “strategic financial planning”; methodical
approaches in the part of application of economic–mathematical modeling on the basis of testing the econometric symmetric correlation–regression model in strategic
financial planning of management subjects in conditions of competitive market
environment; analytical tool for assessment the domestic practice in strategic financial
planning by collecting and analyzing structured data of domestic business entities in
different organizational and legal forms, as well as coverage of the possibilities of
using the forecasting method in Ukrainian practice on the examples of domestic
business entities; scientific and methodical approaches to the choice of methods of
strategic financial planning realization for Ukrainian business entities; scientific
approaches to the definition to the essence of the concept “architectonic system of
information and analytical support of strategic financial planning”.
Further development was obtained: justification of the development factors for
strategic financial planning of Ukrainian business entities; generalization of foreign
experience in implementing strategic financial planning; justification of the priorities
in increasing the efficiency of strategic financial planning; scientific and theoretical
approaches to the definition of the essence of the concept of “financial strategy”;
general features of financial strategy formation; the characteristic features of the
financial strategy of Ukrainian business entities that are determined by a number of
factors, important for the successful market functioning.
The obtained theoretical, methodological and scientific–practical results of the
conducted research will promote advance in efficient strategic financial planning of
Ukrainian management subjects by optimization of the order of its conduction, taking
into account the developed priority directions and foreign experience.
Key words: financial strategy, strategic financial planning, planning in a market
economy, enterprises, architectonics of information and analytical system of strategic
financial planning, econometric model of financial planning system, globalization of
economic processes, competition.

Dissertation File

Autosummary File