ENTERPRISE VALUE AS AN INTEGRATED MEASURE OF FINANCIAL TRANSFORMATION EFFECTIVENESS IN THE AGRICULTURAL SECTOR WITHIN INTERNATIONAL CAPITAL MARKETS
DOI:
https://doi.org/10.32782/inclusive_economics.11-16Keywords:
enterprise value, financial transformation, agricultural enterprises, global capital markets, integrated assessment, risk managementAbstract
The globalization of capital markets transforms the operating environment of agricultural companies by strengthening requirements for financial transparency, corporate governance, and the quality of financial decision-making. Integration of agribusiness into international capital markets necessitates the transformation of accounting systems, financial reporting, and financial management in line with investors’ expectations. Traditional financial indicators fail to provide a comprehensive assessment of such transformation due to their retrospective nature and limited ability to capture sector-specific risks, seasonality, and price volatility. This emphasizes the need for generalized indicators capable of integrating financial, accounting, and non-financial aspects of enterprise performance. The purpose of the article is to substantiate enterprise value as an integral indicator of the financial transformation of agricultural companies in the context of their integration into international capital markets. The methodological framework is based on systemic and institutional approaches, as well as dialectical, comparative, analytical, and abstract-logical methods. The scientific novelty lies in the theoretical justification of enterprise value as an integral indicator combining the results of transformations in accounting, financial management, and risk management with the expectations of international investors. A conceptual model of value formation of agricultural companies in a globalized capital market environment is proposed, and the methodological approach to enterprise value assessment is further improved. The practical significance of the study lies in the possibility of using the proposed approach to support strategic financial decisions, improve investment attractiveness, and enhance communication with international investors. The results may be applied in the processes of financial transformation, valuation, and long-term development planning of agricultural enterprises.
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