Methodology for multicriterion assessment of impact of factors on financial sustainabilty of firms operating in various sectors of economy

Abstract

Considering a nature of sector characteristics, a new method is proposed that is based on multicriterion assessment of selection of alternatives in ambiguous situations and that allows to formulate and perform various tasks on increasing financial sustainability of firms and taking decisions about the current state and development prospects of enterprises, namely: (1) analysis and assessment of significance of criteria of financial sustainability and their ranking by significance, (2) assessment and selection of limited number of factor groups affecting financial sustainability of enterprises as well as ranking them by level of impact in such a manner that would meet the requirement of each criterion, (3) econometric analysis, short-, medium-, and long-term forecasting of key figures and indicators of financial state of enterprises and assessing the degree of meeting liabilities.