JUSTIFICATION OF THE INDICATORS AND FINANCIAL SECURITY ASSESSMENT PROCEDURE OF JOINT STOCK COMPANIES

Abstract

The article is devoted to substantiation of the corporate financial security indicators and its assessment procedure methodical approach for joint stock companies. A system of indicators has been formed and scientifically substantiated and a methodical approach has been developed, on the basis of which the level of financial security of joint-stock companies of Ukraine has been determined. The approach is based on the use of artificial neural networks and is characterized by the ability to take into account changes in the operating conditions of joint stock companies through changes in input parameters, which allows to predict the level of joint stock companies’ financial security in conditions of uncertainty. The assessment of the level of a joint-stock company's financial security is based on indicators that characterize the financial condition, quality of corporate governance and market position of the company. For each indicator, the coded value for the neural network has been determined, depending on the range of normative values and the direction of change in the dynamics. The methodological approach involves the calculation of an integrated indicator and determination of levels of financial security (very high, high, acceptable, critical, supercritical), which made it possible to compare and rank companies by level of financial security and determine the effectiveness of their financial security system.