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Scientific journal “Vestnik NSUEM”

2018 year, number 4

THE ANALYSIS OF CLUSTERING OF RUSSIAN AGRICULTURAL ENTERPRISES VIA THE COMPANY COST PARAMETER

N.S. Vasilyeva, E.P. Pichugina
Novosibirsk State University of Economics and Management, Kamenskaya str., 56, Novosibirsk, Russia, 630099
Keywords: кластерный анализ, ЕМ-алгоритм, эмпирические частоты, показатель стоимости организации, метод дисконтирования денежных потоков, cluster analysis, EM algorithm, empirical frequencies, organization value indicator, cash flow discounting method

Abstract

This article presents a cluster analysis of the value of organizations in the agricultural sector of the Russian Federation, calculated by discounting cash flows income approach. The relevance of the study is due to the fact that the value indicator is insufficiently studied by the factors affecting it and, therefore, it is necessary to take a comprehensive approach and apply statistical analysis methods to the valuation of the enterprise. Clustering will determine the type of distribution characteristic of the value indicator, as well as confirm or disprove the hypothesis that the analysis of the company will be divided into three groups: with an inflated value; with a value close to the balance sheet and with an understated estimated value. The results obtained can be the basis for the factor analysis and the construction of the integral index of assessing the value of companies of agriculture of the Russian Federation.