REGISTRATION CERTIFICATE

KV #19905-9705 PR dated 02.04.2013.

 FOUNDERS

RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE)

According to the decision No. 802 of the National Council of Television and Radio Broadcasting of Ukraine dated 14.03.2024, is registered as a subject in the field of print media.
ID R30-03156

 PUBLISHER

Liburkina L. M.

 SITE SECTIONS

Main page

Editorial staff

Editorial policy

Annotated catalogue (2011)

Annotated catalogue (2012)

Annotated catalogue (2013)

Annotated catalogue (2014)

Annotated catalogue (2015)

Annotated catalogue (2016)

Annotated catalogue (2017)

Annotated catalogue (2018)

Annotated catalogue (2019)

Annotated catalogue (2020)

Annotated catalogue (2021)

Annotated catalogue (2022)

Annotated catalogue (2023)

Annotated catalogue (2024)

Thematic sections of the journal

Proceedings of scientific conferences

Crisis Management as a Counteraction to Bankruptcy: The Experience of Ukrainian Microcrediting Enterprises
Plieshakova N. А., Chukhlib H. V.

Plieshakova, Nataliia А., and Chukhlib, Hanna V. (2023) “Crisis Management as a Counteraction to Bankruptcy: The Experience of Ukrainian Microcrediting Enterprises.” Business Inform 6:179–183.
https://doi.org/10.32983/2222-4459-2023-6-179-183

Section: Finance, Money Circulation and Credit

UDC 336.773

Abstract:
The proposed scientific article is devoted to the topical issue of the need for crisis management in the microcrediting market. The article considers the crisis (resulting from the full-scale invasion) as a factor influencing the smooth functioning of the company. The importance and relevance of crisis management of the company in conditions of uncertainty during the wartime is emphasized. Analyzing and summarizing scientific works of domestic and foreign scholars, it was proposed to study crisis management through the prism of the stages of crisis development, i. e.: crisis prevention, crisis management, overcoming the consequences of the crisis. Each of the stages requires a number of necessary measures that should be applied by the company for effective crisis management. Among the main ones of these measures are: early diagnosis of the crisis; rapid response to crises; implementation of preventive measures; creation of an anti-crisis program; implementation of post-crisis strategies. The article analyzes crisis management during the wartime on the example of a representative of the microcrediting market – LLC «MoneyVEO Quick Financial Assistance». The major anti-crisis measures of the company include: improvement of IT infrastructure; setting up automated and well-coordinated work of top management; attraction of external financial resources; compliance with legal requirements; cost reduction; improvement of the system for assessing the creditworthiness of counter-parties. An analysis of the main financial indicators of the company was carried out, on the basis of which a conclusion was made about the effectiveness of crisis management during the wartime. The probability of bankruptcy remains high, but there are opportunities to bypass it and bring the company out of the crisis. Prospects for further research in this direction are the need to apply preventive crisis management instruments and improve the mechanism of strategic crisis management.

Keywords: crisis management, bankruptcy, war, crisis, microcrediting.

Tabl.: 1. Bibl.: 15.

Plieshakova Nataliia А. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Finance, Taras Shevchenko National University of Kyiv (60 Volodymyrska Str., Kyiv, 01033, Ukraine)
Email: [email protected]
Chukhlib Hanna V. – Master, Department of Finance, Taras Shevchenko National University of Kyiv (60 Volodymyrska Str., Kyiv, 01033, Ukraine)
Email: [email protected]

List of references in article

Brace, R. “Treasury and Cash Management: Corporate Cash Management in a Time of Crisis“. Global Finance. 2012. http://www.gfmag.com/magazine/september2012/treasury-a-cash-management-corporate-cash-management-to-have-and-to-hold
Campbell, A., and Sinclair, S. “Using the Crisis to Create Better Boards“. McKinsey Quarterly. October 01, 2009. https://www.mckinsey.com/capabilities/people-and-organizational-performance/our-insights/using-the-crisis-to-create-better-boards
Groh, M. “Strategic Management in Times of Crisis“. MPRA. Paper no. 57032. May 31, 2014. https://mpra.ub.uni-muenchen.de/57032/3/MPRA_paper_57032.pdf
Borzenko, V. I. Antykryzove upravlinnia [Anti-crisis Management]. Kharkiv: Vydavnytstvo Ivanchenka. I. S., 2016.
Vynokurova, O. I. “Rol biznes-planuvannia v antykryzovomu upravlinni pidpryiemstv“ [The Role of Business Planning in the Crisis Management of Enterprises]. Naukovyi visnyk Natsionalnoi akademii statystyky, obliku ta audytu. 2014. http://194.44.12.92:8080/jspui/bitstream/123456789/1675/1/Винокурова%20О%20І..PDF
“Zbytky, zavdani ukrainskomu biznesu vnaslidok rosiiskoi ahresii, otsiniuiutsia v $13 mlrd“ [Damages Caused to Ukrainian Business as a Result of Russian Aggression are Estimated at $13 Billion]. Kyivska shkola ekonomiky. January 26, 2023. https://kse.ua/ua/about-the-school/news/zbitki-zavdani-ukrayinskomu-biznesu-vnaslidok-rosiyskoyi-agresiyi-otsinyuyutsya-v-13-mlrd/
Ofitsiinyi sait Natsionalnoho banku Ukrainy. https://bank.gov.ua/
Ofitsiinyi sait Natsionalnoho depozytariiu Ukrainy. https://www.csd.ua/index.php?option=com_content&view=article&id=5606&Itemid=73&lang=ua
Ofitsiinyi sait TOV «Maniveo shvydka finansova dopomoha». https://moneyveo.ua/uk/
Plieshakova, N. A. “Svitovyi dosvid antykryzovoho rehuliuvannia v zarubizhnykh krainakh“ [World Experience of Crisis Management in Foreign Countries]. Efektyvna ekonomika. 2015. http://www.economy.nayka.com.ua/?op=1&z=4332
[Legal Act of Ukraine] (2015). https://zakon.rada.gov.ua/laws/show/675-19#Text
[Legal Act of Ukraine] (2022). https://zakon.rada.gov.ua/laws/show/v0177500-22#Text
[Legal Act of Ukraine] (2016). https://zakon.rada.gov.ua/laws/show/1734-19#Text
Skibitskyi, O. M. Antykryzovyi menedzhment [Anti-crisis Management]. Kyiv: TsUL, 2009.
Tereshchenko, O. O. Finansova sanatsiia ta bankrutstvo pidpryiemstv [Financial Rehabilitation and Bankruptcy of Enterprises]. Kyiv: KNEU, 2004.

 FOR AUTHORS

License Contract

Conditions of Publication

Article Requirements

Regulations on Peer-Reviewing

Publication Contract

Current Issue

Frequently asked questions

 INFORMATION

The Plan of Scientific Conferences

 OUR PARTNERS

Journal «The Problems of Economy»