THEORETICAL AND METHODICAL ASPECTS OF MANAGING FINANCIAL COMPETITIVENESS OF SMALL INDUSTRIAL ENTERPRISES

Abstract

According to The Global Competitiveness Report 2019, the Russian Federation is at 43rd place, maintaining its position for three years. Revolutionary changes have not been achieved and weak positions are caused by the problems of financial support for small and medium-sized enterprises.At the same time, small industrial enterprises with the Forecast of the Long-Term Socio-Economic Development of the Russian Federation for the period until 2030 are entrusted with the task of ensuring a high level of competitiveness in the world market by changing the qualitative and quantitative parameters of their development. Financial support, financial competitiveness of small industrial enterprises are of particular importance and need the development of theory and methodological support. The presented article gives an author’s interpretation of the definition of “financial competitiveness”, were justified factors that determine it for small industrial enterprises, were justified formalized methodological approaches to its calculations and measurements, and the identification of the type of financial stability.