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THE IMPACT OF ORGANIZATION’S EXTERNAL AND INTERNAL ENVIRONMENT ON ITS CASH FLOW (RETRACTED)



N.A. Kovaleva
onatakova@gmail.com
post-graduate Student of Corporate Finance Department, Saint-Petersburg State University of Economics
St. Petersburg

Keywords:

  • commercial organization
  • enterprise
  • cash flow
  • financial flow
  • cash assets control
  • cash flow models
  • free cash flow
  • finances
  • cash flow analysis
  • national payment system
  • sanctions
  • organization’s internal environment
  • organization’s external environment
  • The article analyzes the impact of organization’s external and internal environment on its cash flow. It introduces different points of foreign and Russian scientists on the cash flow significance. The author points out that managerial decisions regarding cash flow control have been under the impact of many factors with external environment being the primary one.
    In particular sudden economic sanctions imposed by the USA have blocked cash flows of international importance. Suspension of Visa and MasterCard cash flow processing announced by a number of banks has led to launching and activating national payment system creation in the Russian Federation. The move will undoubtedly raise cash flow security in the Russian Federation and will enable investing into national business. Stable business performance of any commercial entity or organization of any other form of property is closely related to creation and skilful implementation of an effective financial strategy whereof the cash flow control strategy is an integral part based on a mathematical calculation of blend of profit maximization principles, social justice, technical and technological safety, ecological security, timeliness etc.
    Cash flow analysis as an integral part of financial analysis is a separate area of economic analysis having close relationship with all economic sciences. It is of great social significance and plays a key role in state administration.

    188300 Russia, Leningrad region, Gatchina, st. Roshchinskaya, 5