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PROBLEMS OF MODERN ECONOMICS, N 1 (73), 2020
ECONOMIC GLOBALIZATION AND ISSUES OF NATIONAL AND INTERNATIONAL SECURITY
KizilТ E. V.
Assistant professor, Chair of Economics, Finances and Bookkeeping, Komsomolsk-on-Amur State Technological University, PhD (Economics)
Emomzoda P. D.
MA student, Chair of Economics, Finances and Management, Chair of Economics, Finances and Bookkeeping, Komsomolsk-on-Amur State Technological University

Global trends in bankruptcy diagnostics and analysis of the financial state of the largest international corporations (case of Nokia) (Russia, Komsomolsk-on-Amur)
The article focuses on the key models of diagnostics with regard to the probability of corporationsТ bankruptcy that are broadly used in the international practice, emphasizing the most actively implemented ways to define financial insolvency. The authors present a study of the financial state of Nokia Corporation, one of the leading transnational corporations, during the period of the global crisis of 2007Ц2008, as well as during the turning points of its history (2013Ц2014). Using AltmanТs Z-Score Model, the authors analyzes NokiaТs failures between 2007 and 2008 as well as between 2013 and 2018, while at the same time providing examples of successful restructuration of the company undertaken in 2014 and the trends of the Corporation between 2015 and 2020. Results of the research may be used for the purposes of adapting the international experience to Russian realities in the sphere of large business administration.
Key words: international model of bankruptcy diagnostics, analysis of the financial state of an international corporation, company restructuration, Nokia Corporation
Pages: 51 - 55



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