Features of formation of cost-oriented financial management of enterprise

Inna Viktorivna Demianenko, Yuliia Oleksandrivna Kulbach


The essence of the term "enterprise value" is considered. The necessity of introduction at the enterprise value-oriented financial management system of the company is defined. The essence, purpose and objectives of the concept of value-based management as a set of organizational and administrative measures  are detrmined. They are oriented to increase the value of coordinated company and are based on financial information which is obtained by calculation of value-oriented indicators. The evolution of evaluation of effectiveness on the basis of value is investigated. It has been proven the necessity of transition from market thinking to value one. Its basis has become the protection of the rights of owners and shareholders of inefficient and negligent decision making by managers. Features of the value of thinking in enterprises of our country are determined. Mostly on the domestic enterprises management of economic activity is done from a position of interest of management of company, management and evaluation of the results is carried out according to traditional indicators. It has been defined the conflict of interests of owners and managers. For the owners it is more important to know the price of capital and the possibility to increase itsprofitability, and for the managers the main purpose is to get profit, which is the indicator of the effectiveness of the entity.


value; enterprise value; the concept of value-based management; value approach; value-focused thinking

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Science Works Journal "Ekonomichnyy analiz"

ISSN 1993-0259 (Print)  ISSN 2219-4649 (Online) DOI: 10.35774/econa

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