Melnyk Olga, Candidate of Economic Sciences, Associate Professor of the Department of Finance, Banking and Insurance, Mykolayiv National Agrarian University, Mykolayiv, Ukraine

ORCID ID: 0000-0001-8639-7755

e-mail: melnykolga19@gmail.com

Molchanova Tetyana, applicant of higher education of the Accounting and Finance Faculty, Mykolayiv National Agrarian University, Mykolaiv, Ukraine

e-mail: molchanova.tanya.996@gmail.com

Vrabiye Nelya, applicant of higher education of the Accounting and Finance Faculty, Mykolayiv National Agrarian University, Mykolaiv, Ukraine

e-mail: nelichka1998@ukr.net

Features of the Development of Anti-Crisis Programs of Agricultural Enterprises

Abstract. Introduction. Modern economic conditions of enterprises often lead to the development of a crisis state. National agricultural enterprises operate in conditions of financial complications due to the instability of the economic situation, ineffectiveness of the use of funds, imbalances in financial flows, inflation processes, etc. This situation determines for the diagnosis of the financial and economic state of the enterprise to prevent financial risks with possible bankruptcy manifestations. Therefore, it is important for economic entities to timely and qualitatively conduct an assessment of the probability of bankruptcy in order to identify insolvency and develop ways to overcome it, as well as identify anti-crisis measures.

Purpose. The purpose of the article is to substantiate theoretical, methodological and practical aspects of the development of anti-crisis programs of agricultural enterprises in modern economic conditions.

Results. Based on the calculations carried out on various models for assessing the probability of bankruptcy, the example of existing agricultural enterprises revealed the risk of crisis events. In order to overcome the financial crisis, it is proposed to divide the anti-crisis work into three stages: a comprehensive assessment of the enterprise and the identification of crisis phenomena; development of measures to overcome the revealed crisis phenomena; development of a strategy of stabilization and overcoming of the consequences of crisis phenomena, restoration of enterprise activity or its elimination. It is substantiated that anti-crisis program is the basis of crisis management, it is developed on the basis of implemented monitoring of the internal and external environment of the enterprise. The anti-crisis program should be presented in the form of a document that has the following characteristics: the purpose of the program is to exit the crisis and prevent the likelihood of bankruptcy; the objectives of the program are to diagnose the risks and forecast their consequences, analyze the scale of the financial crisis, assess the strengths and weaknesses of the new conditions of activity; components of the diagnosis of financial condition are property status, solvency, stability, liquidity, profitability and business activity of the enterprise;  the indicators of the innovative component of the selection of anti-crisis measures are the rate of profitability, innovation potential, payback period, the coefficient of introduction of new types of products, the share of intellectual property in the total value of property.

Conclusions. In order to identify potential opportunities in shaping the financial potential of agricultural enterprises, timely introduction of anti-crisis measures is necessary. The process of removing a company from a crisis state should include an organized and coordinated plan of action. This process determines the expediency of developing local enterprise documents during crisis management. The decisive role under these conditions lies with the development of the anti-crisis program, which is an internal document that systematizes the list of measures that will be implemented within the enterprise and its structural subdivisions in order to remove the enterprise from the crisis and ensure effective economic development. A typical anti-crisis program designed to reduce the negative impact of crisis situations on agricultural enterprises and ensure their financial stability, competitiveness in the long-term perspective. Further studies are seen in the definition of additional tools for ensuring the targeting of anti-crisis programs for innovative and investment measures of business entities.

Keywords: bankruptcy; bankruptcy forecasting model; anti-crisis program; agricultural enterprises; monitoring; anti-crisis measures.

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