Savko O. Gas distributing enterprises' financial strategy formation on the basis of their performances evaluation

The research thesis deals with investigation of theoretical and methodological approaches, development of practical recommendations regarding gas distributing enterprises' financial strategy formation based on the evaluation of their performances. Based on theoretical studies and summaries of scholarly sources, the definition of "financial strategy" has been improved: tasks, functions, stages and factors of its formation have been outlined; the classification of financial strategies has been improved. We have studied the approaches of gas distributing enterprises development; complex financial and economical analyses of enterprises' performances have been conducted; the evaluation of enterprises' taxation policy based on VAT index has been highlighted. To justify the financial strategy choice for gas distributing enterprises we have proposed methodological approach to assess their positioning in a coordinate system "profitability - superefficiency" through the use of modern methodology of DEA (Data Envelopment Analysis). We have suggested recommendations for enterprises' performances pursuant to proposed strategy. Methods for evaluating the effectiveness of resources usage based on parametric methods of production function analysis have been improved. We have argument the necessity of introducing the instruments of gas distributing companies' prices (tariffs) regulation for services provided that will motivate businesses to improve resources efficiency usage.