{"id":"https://openalex.org/W7224483564","doi":"https://doi.org/10.32782/business-navigator.88-30","title":"INDUSTRY-BASED CRITERIA VALUES OF FINANCIAL AND ECONOMIC INDICATORS AS A MEANS OF IMPLEMENTING THE CONTROL FUNCTION IN MANAGEMENT","display_name":"INDUSTRY-BASED CRITERIA VALUES OF FINANCIAL AND ECONOMIC INDICATORS AS A MEANS OF IMPLEMENTING THE CONTROL FUNCTION IN MANAGEMENT","publication_year":2026,"publication_date":"2026-10-29","ids":{"openalex":"https://openalex.org/W7224483564","doi":"https://doi.org/10.32782/business-navigator.88-30"},"language":"en","primary_location":{"id":"doi:10.32782/business-navigator.88-30","doi":"https://doi.org/10.32782/business-navigator.88-30","is_oa":true,"landing_page_url":"https://doi.org/10.32782/business-navigator.88-30","pdf_url":"https://doi.org/10.32782/business-navigator.88-30","source":{"id":"https://openalex.org/S4210169033","display_name":"Business Navigator","issn_l":"2522-4751","issn":["2522-4751","2707-6172"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Business Navigator","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://doi.org/10.32782/business-navigator.88-30","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5119613325","display_name":"Tetiana B. Ihnashkina","orcid":"https://orcid.org/0000-0001-8963-5675","observed_orcids":["https://orcid.org/0000-0001-8963-5675"]},"institutions":[{"id":"https://openalex.org/I4387154586","display_name":"Ukrainian State University of Science and Technologies","ror":"https://ror.org/052pe2w94","country_code":"UA","type":"education","lineage":["https://openalex.org/I4387154586"]}],"countries":["UA"],"is_corresponding":false,"raw_author_name":"Tetiana Ihnashkina","raw_affiliation_strings":["Ukrainian State University of Science and Technologies"],"raw_orcid":"https://orcid.org/0000-0001-8963-5675","affiliations":[{"raw_affiliation_string":"Ukrainian State University of Science and Technologies","institution_ids":["https://openalex.org/I4387154586"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5090670603","display_name":"Vladyslav Kutsenko","orcid":"https://orcid.org/0000-0003-0878-9360","observed_orcids":["https://orcid.org/0000-0003-0878-9360","https://orcid.org/0009-0007-3862-4248"]},"institutions":[{"id":"https://openalex.org/I4387154586","display_name":"Ukrainian State University of Science and Technologies","ror":"https://ror.org/052pe2w94","country_code":"UA","type":"education","lineage":["https://openalex.org/I4387154586"]}],"countries":["UA"],"is_corresponding":false,"raw_author_name":"Vladislav Kutsenko","raw_affiliation_strings":["Ukrainian State University of Science and Technologies"],"raw_orcid":"https://orcid.org/0009-0007-3862-4248","affiliations":[{"raw_affiliation_string":"Ukrainian State University of Science and Technologies","institution_ids":["https://openalex.org/I4387154586"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I4387154586"],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":true,"cited_by_count":0,"citation_normalized_percentile":{"value":0.89796765,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":"5(88)","first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":0.5439000129699707,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":0.5439000129699707,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10797","display_name":"Accounting and Organizational Management","score":0.30959999561309814,"subfield":{"id":"https://openalex.org/subfields/1404","display_name":"Management Information Systems"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T14239","display_name":"Business, Education, Mathematics Research","score":0.07819999754428864,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/benchmark-values","display_name":"benchmark values","score":0.8619999885559082},{"id":"https://openalex.org/keywords/financial-and-economic-indicators","display_name":"financial and economic indicators","score":0.9020000100135803},{"id":"https://openalex.org/keywords/management-control","display_name":"management control","score":0.5609999895095825},{"id":"https://openalex.org/keywords/performance-evaluation","display_name":"performance evaluation","score":0.5920000076293945},{"id":"https://openalex.org/keywords/liquidity-indicators","display_name":"liquidity indicators","score":0.8830000162124634},{"id":"https://openalex.org/keywords/financial-stability-indicators","display_name":"financial stability indicators","score":0.8650000095367432},{"id":"https://openalex.org/keywords/profitability-ratios","display_name":"profitability ratios","score":0.843999981880188},{"id":"https://openalex.org/keywords/business-activity-indicators","display_name":"business activity indicators","score":0.746999979019165},{"id":"https://openalex.org/keywords/cutoff-values","display_name":"cut-off values","score":0.9319999814033508}],"concepts":[{"id":"https://openalex.org/C185798385","wikidata":"https://www.wikidata.org/wiki/Q1161707","display_name":"Benchmark (surveying)","level":2,"score":0.6718999743461609},{"id":"https://openalex.org/C2775924081","wikidata":"https://www.wikidata.org/wiki/Q55608371","display_name":"Control (management)","level":2,"score":0.5860000252723694},{"id":"https://openalex.org/C183582576","wikidata":"https://www.wikidata.org/wiki/Q184783","display_name":"Market liquidity","level":2,"score":0.5393000245094299},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.5192000269889832},{"id":"https://openalex.org/C206658404","wikidata":"https://www.wikidata.org/wiki/Q12725","display_name":"Electricity","level":2,"score":0.5101000070571899},{"id":"https://openalex.org/C14036430","wikidata":"https://www.wikidata.org/wiki/Q3736076","display_name":"Function (biology)","level":2,"score":0.4684999883174896},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4675999879837036},{"id":"https://openalex.org/C110121322","wikidata":"https://www.wikidata.org/wiki/Q865811","display_name":"Distribution (mathematics)","level":2,"score":0.4595000147819519},{"id":"https://openalex.org/C184773241","wikidata":"https://www.wikidata.org/wiki/Q387400","display_name":"Mains electricity","level":3,"score":0.4472000002861023},{"id":"https://openalex.org/C26517878","wikidata":"https://www.wikidata.org/wiki/Q228039","display_name":"Key (lock)","level":2,"score":0.42100000381469727},{"id":"https://openalex.org/C202353208","wikidata":"https://www.wikidata.org/wiki/Q1167393","display_name":"Economic indicator","level":2,"score":0.4147999882698059},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.39570000767707825},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.38510000705718994},{"id":"https://openalex.org/C98014903","wikidata":"https://www.wikidata.org/wiki/Q832161","display_name":"Financial ratio","level":2,"score":0.37279999256134033},{"id":"https://openalex.org/C206888370","wikidata":"https://www.wikidata.org/wiki/Q844861","display_name":"Electric power distribution","level":3,"score":0.3617999851703644},{"id":"https://openalex.org/C130731218","wikidata":"https://www.wikidata.org/wiki/Q1363554","display_name":"Financial analysis","level":2,"score":0.3564999997615814},{"id":"https://openalex.org/C506796395","wikidata":"https://www.wikidata.org/wiki/Q4738155","display_name":"Financial management","level":2,"score":0.3273000121116638},{"id":"https://openalex.org/C71199308","wikidata":"https://www.wikidata.org/wiki/Q2990807","display_name":"Accounting management","level":3,"score":0.3111000061035156},{"id":"https://openalex.org/C135510737","wikidata":"https://www.wikidata.org/wiki/Q860554","display_name":"Performance indicator","level":2,"score":0.3070000112056732},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.29789999127388},{"id":"https://openalex.org/C81917197","wikidata":"https://www.wikidata.org/wiki/Q628760","display_name":"Selection (genetic algorithm)","level":2,"score":0.2842999994754791},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.2775999903678894},{"id":"https://openalex.org/C2779416230","wikidata":"https://www.wikidata.org/wiki/Q5449697","display_name":"Financial compensation","level":3,"score":0.2752000093460083},{"id":"https://openalex.org/C191654821","wikidata":"https://www.wikidata.org/wiki/Q247506","display_name":"Financial instrument","level":2,"score":0.27160000801086426},{"id":"https://openalex.org/C2780009758","wikidata":"https://www.wikidata.org/wiki/Q6804172","display_name":"Measure (data warehouse)","level":2,"score":0.2671000063419342},{"id":"https://openalex.org/C112972136","wikidata":"https://www.wikidata.org/wiki/Q7595718","display_name":"Stability (learning theory)","level":2,"score":0.2590999901294708},{"id":"https://openalex.org/C199450454","wikidata":"https://www.wikidata.org/wiki/Q1667931","display_name":"Internal control","level":3,"score":0.2565000057220459},{"id":"https://openalex.org/C112930515","wikidata":"https://www.wikidata.org/wiki/Q4389547","display_name":"Risk analysis (engineering)","level":1,"score":0.25380000472068787}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.32782/business-navigator.88-30","doi":"https://doi.org/10.32782/business-navigator.88-30","is_oa":true,"landing_page_url":"https://doi.org/10.32782/business-navigator.88-30","pdf_url":"https://doi.org/10.32782/business-navigator.88-30","source":{"id":"https://openalex.org/S4210169033","display_name":"Business Navigator","issn_l":"2522-4751","issn":["2522-4751","2707-6172"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Business Navigator","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.32782/business-navigator.88-30","doi":"https://doi.org/10.32782/business-navigator.88-30","is_oa":true,"landing_page_url":"https://doi.org/10.32782/business-navigator.88-30","pdf_url":"https://doi.org/10.32782/business-navigator.88-30","source":{"id":"https://openalex.org/S4210169033","display_name":"Business Navigator","issn_l":"2522-4751","issn":["2522-4751","2707-6172"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Business Navigator","raw_type":"journal-article"},"sustainable_development_goals":[{"score":0.5378999710083008,"display_name":"Industry, innovation and infrastructure","id":"https://metadata.un.org/sdg/9"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W7224483564.pdf","grobid_xml":"https://content.openalex.org/works/W7224483564.grobid-xml"},"referenced_works_count":15,"referenced_works":["https://openalex.org/W2904399738","https://openalex.org/W3109209872","https://openalex.org/W3205845124","https://openalex.org/W4283658744","https://openalex.org/W4285468689","https://openalex.org/W4312602529","https://openalex.org/W4387586251","https://openalex.org/W4409951324","https://openalex.org/W4412846805","https://openalex.org/W7116921413","https://openalex.org/W7127179231","https://openalex.org/W7143108577","https://openalex.org/W7152392780","https://openalex.org/W7162552637","https://openalex.org/W7162768661"],"related_works":["https://openalex.org/W2886049522","https://openalex.org/W2901509359","https://openalex.org/W2186923298","https://openalex.org/W3023810262","https://openalex.org/W2765639027","https://openalex.org/W2264193019","https://openalex.org/W4389476948","https://openalex.org/W4379284925","https://openalex.org/W7217178049","https://openalex.org/W4299310601"],"abstract_inverted_index":{"The":[0,192],"aim":[1],"of":[2,11,36,48,54,58,111,127,137,160,199,221,237,254,270,282,289,306],"this":[3,40],"article":[4],"is":[5,43,52,168],"to":[6,28,88,125,251],"establish":[7],"a":[8,26,50,238,262,297],"sector-specific":[9,106,138,283],"database":[10],"benchmark":[12,74,90,309],"values":[13,162,190],"for":[14,20,163,181,209,223,233,242,311],"key":[15,56,312],"financial":[16,114,164,176,197,225,313],"and":[17,76,85,113,117,121,129,165,188,226,241,304,314],"economic":[18,166,227,315],"indicators":[19,139,167,269,316],"electricity":[21,182,201,206],"distribution":[22,183,202,207],"system":[23,159,184,203],"operators,":[24,185],"with":[25,186],"view":[27],"their":[29],"subsequent":[30],"use":[31,281],"in":[32,39,62,80,101,146,150],"assessing":[33],"the":[34,46,55,93,135,147,195,210,216,234,252,258,266,276,279,286,302],"performance":[35,260],"companies":[37,204],"operating":[38],"sector.":[41],"It":[42,64],"noted":[44],"that":[45,68],"existence":[47],"such":[49],"framework":[51],"one":[53],"aspects":[57],"exercising":[59],"control":[60],"functions":[61],"management.":[63],"has":[65],"been":[66,230],"found":[67],"various":[69],"terms":[70],"(normative,":[71],"recommended,":[72],"optimal,":[73],"values,":[75],"others)":[77],"are":[78,97,143,153,317],"used":[79,214],"domestic":[81],"specialist":[82],"educational":[83],"materials":[84],"academic":[86,148],"publications":[87],"denote":[89],"values.":[91],"At":[92],"same":[94],"time,":[95],"they":[96],"most":[98],"often":[99],"universal":[100,141],"nature,":[102],"do":[103],"not":[104,246],"reflect":[105],"characteristics,":[107],"predominantly":[108],"represent":[109],"groups":[110,174],"liquidity":[112],"stability":[115],"indicators,":[116],"lack":[118],"proper":[119],"theoretical":[120],"methodological":[122],"justification,":[123],"references":[124],"sources":[126],"information,":[128],"so":[130],"on.":[131],"Although":[132],"arguments":[133],"regarding":[134],"advantages":[136],"over":[140,261],"ones":[142],"put":[144],"forward":[145],"community,":[149],"practice":[151],"there":[152],"very":[154],"few":[155],"concrete":[156],"developments.":[157],"A":[158],"criterion":[161],"proposed,":[169],"organised":[170],"into":[171],"four":[172],"classical":[173],"(liquidity,":[175],"stability,":[177],"business":[178,292],"activity,":[179],"profitability)":[180],"industry-average":[187],"threshold":[189],"provided.":[191],"data":[193],"from":[194],"official":[196],"statements":[198],"23":[200],"(regional":[205],"companies)":[208],"years":[211],"2020\u20132023":[212],"were":[213],"as":[215,257],"information":[217],"base.":[218],"Possible":[219],"areas":[220],"application":[222],"these":[224],"criteria":[228,255],"have":[229],"identified,":[231],"both":[232],"internal":[235],"purposes":[236],"particular":[239],"company":[240],"external":[243],"stakeholders.":[244],"Whilst":[245],"dismissing":[247],"other":[248],"existing":[249],"approaches":[250],"selection":[253],"(such":[256],"best":[259],"specific":[263,287],"period":[264],"within":[265,296],"enterprise":[267],"itself,":[268],"leading":[271],"enterprises,":[272],"state":[273],"standards,":[274],"etc.),":[275],"study":[277],"emphasises":[278],"alternative":[280],"benchmarks.":[284],"Given":[285],"nature":[288],"each":[290],"individual":[291,308],"entity\u2019s":[293],"activities,":[294],"even":[295],"single":[298],"highly":[299],"specialised":[300],"sector,":[301],"importance":[303],"necessity":[305],"developing":[307],"frameworks":[310],"highlighted.":[318]},"counts_by_year":[],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2026-10-30T00:00:00"}
