Model for assessing the financial stability of construction organizations taking into account the regional criterion

Relevance. The construction industry is critically important for the economy, but its organizations are highly dependent on regional factors. Universal methods for assessing financial stability do not take into account the sharp differentiation of conditions in different macro-regions, which leads to incorrect results. This problem is especially relevant for the southern macroregion with its specific climate, seasonal demand and special investment structure.

The purpose is development of an improved methodology for assessing the financial stability of construction organizations in the southern macroregion, which increases diagnostic accuracy by introducing and accounting for a special territorial coefficient.

Objectives. To achieve this goal, the work sets the following set of interrelated tasks: to conduct a critical analysis of traditional methods; to identify key regional factors of influence; to develop a methodology for calculating the integral territorial coefficient for the South of Russia; to propose an algorithm for its integration into the system of assessment indicators.

Methodology. The research is based on the methods of analysis, synthesis, system approach, comparative and financial analysis. Statistical analysis of regional data, expert assessments, and multi-criteria weighting were used to generate the coefficient. The approbation was carried out on the basis of public reporting data from companies in the region.

Results. The methodology has been improved, the key element of which is the author's integral territorial coefficient, which quantifies the influence of regional conditions. The approbation has confirmed that its application makes it possible to identify hidden risks and reserves that are not fixed by standard methods, leading to more reasonable conclusions.

Conclusions. The methodology developed in the article is a specialized scientific and practical tool adapted to assess the financial stability of construction organizations in the southern macroregion. Its scientific novelty lies in the formalization of accounting for regional specifics. The practical significance lies in improving the accuracy of information for making managerial, investment and regulatory decisions, taking into account local conditions.

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