New approaches to the assessment of fisheries enterprises’ economic sustainability

Abstract

The importance and necessity of transition to the paradigm of sustainable development of Russian fishing enterprises is associated with the accumulation of many complex and unsolved problems. First of all, they concern the low susceptibility to innovation and the significant technological inferiority in comparison with the developed countries, as well as the lack of systematic implementation of a national industrial policy aimed at ensuring the sustainable development of the industry. The purpose of the study is to propose a methodology for assessing the economic sustainability of fishing enterprises on the basis of generalizing the achievements of economic theory and practice. To achieve the goal, methods of comparative multidimensional analysis, as well as dialectical and general scientific methods were used. The paper provides a critical assessment of common approaches to assessing the economic sustainability of the enterprise. The system of quantitative and qualitative indicators for assessing the economic sustainability of fishing organizations, which takes into account the strategic factors of enterprise development, has been proposed. The work provides an opportunity for an in-depth understanding of the problem of economic sustainability and its comprehensive solution. In particular, the proposed system of indicators can serve as a methodical tool to justify the effectiveness of government support measures because it allows ranking the fishing business structures according to their economic sustainability, and therefore, select government recipients of budgetary funds, preferential credit resources and other government measures. In conclusion, the definition of economic sustainability is clarified.