The financial mechanism - an instrument for the management of the consumer cooperatives from Republic of Moldova during the economic instability times
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334.735:005.735(478) (1)
Forme de organizare și cooperare în activitatea economică (976)
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SANDUTSA, Tatiana, FUIOR, Elena, DUMA, Florin. The financial mechanism - an instrument for the management of the consumer cooperatives from Republic of Moldova during the economic instability times. In: Journal of Research on Trade, Management and Economic Development, 2016, nr. 2, pp. 42-53. ISSN 2345-1424.
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Journal of Research on Trade, Management and Economic Development
Numărul 2 / 2016 / ISSN 2345-1424 /ISSNe 2345-1483

The financial mechanism - an instrument for the management of the consumer cooperatives from Republic of Moldova during the economic instability times
CZU: 334.735:005.735(478)
JEL: G30, G31

Pag. 42-53

Sandutsa Tatiana1, Fuior Elena1, Duma Florin2
 
1 Trade Co-operative University of Moldova,
2 Babeș-Bolyai University
 
 
Disponibil în IBN: 14 martie 2017


Rezumat

Today, the efficient and innovative functioning of consumer cooperative enterprisesin the Republic of Moldova is unfolding in a competitive environment. Taking into consideration these circumstances, the main activities need to be focused on achieving an optimal level of flexibility, fast adaptability to the market demands, required financial performance and, finally, enhancement of enterprise value. Achieving these objectives requires to identify economic growth opportunities and the best management practices. From this point of view, the theoretical and methodological framework for assessing and analyzing the economic and financial situation are of particular interest. Equally important is the defining and establishment of financial mechanism used in the management of profitable activities. In these circumstances, a key priority for management is to develop and implement algorithmic model for assessing and forecasting the performance of enterprises in the consumer cooperatives system. The core problem is finding the best methods of strategic planning for enterprises from the consumer cooperatives system, among which a special place is reserved to the econometric models. Therefore, the main goal of this paper is centered on analyzing the dynamics of development within the consumer cooperatives system in the Republic of Moldova and establishing the necessity for the implementation of econometric methods for evaluating, analyzing and forecasting their financial and economic situation in the future.

Cuvinte-cheie
financial mechanism, financial evaluation, consumer cooperatives, strategic planning, econometric model