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The purpose of the study is to determine the influence of a business group on the assessment of the borrower’s creditworthiness, as well as to identify the most significant credit risk factors. Despite the fact that creditworthiness assessment is widely disseminated in both domestic and foreign literature, the impact of the consolidated group in the context of this problem is practically not mentioned. The authors use a statistical modeling method using logistic regression. The variable models are based on the annual financial statements of both individual companies and business groups. To select factors and build a model, approaches used in statistics and machine learning were used to obtain unbiased and effective estimates, independent of the sample generating these estimates. Analyzed data of 8691 companies providing annual financial statements in accordance with Russian accounting standards from 2015 to 2021. The total sample size was 22 201 observations. The number of bankruptcy events in the sample is 238 observations. Variables calculated from consolidated financial statements in accordance with international standards were used as information about the group. Various views on the concepts of “business group” and “holding” in the domestic literature are considered and systematized. Features of the behavior of companies united in groups are given. Variables associated with the business group that are significant in assessing the probability of bankruptcy of individual companies have been identified. Various specific aspects of the activities of companies associated with the group are mentioned. A statistical model is constructed to confirm a number of hypotheses, which is subject to verification and analysis. The bankruptcy event is used to determine the significant deterioration of a company’s creditworthiness. It is concluded that the use of group reporting data can improve the quality of model prediction for companies associated with a business group.

In the context of growth trends in the scale and diversification of business, the internal costs of companies with a complex holding structure are also increasing. Solutions that improve the efficiency of settlement systems are particularly relevant and significant. Therefore, the paper is devoted to the problems of building settlement systems that minimize the negative impact of certain factors reducing the economic efficiency of calculations. The purpose of the study is to develop methodological foundations for rationalization the holding’s settlement system based on clearing obligations. The tasks of this paper are set as follows: to propose methodological tools for the reorganization of the system of intra-holding settlements; to test the proposed recommendations for the rationalization of the settlement system in holding structures. According to the results of the study, the authors systematized a set of factors that determine the effectiveness of the system of intra-group settlements. It is proposed to attribute the number of payment transactions and the volume of payment turnover to the quantitative factors of the settlement system efficiency. Qualitative factors of the settlement system efficiency are associated with the consolidation of financial information, the degree of automation of settlement processes, and the flexibility of the settlement system. The authors used the Ward method to build a cluster structure of the holding based on the analysis of payment turnover of pairs of companies, statistical methods of quantitative and qualitative assessment of the effectiveness of the holding’s settlement system. The scientific novelty is expressed by the fact that the paper offers methodological tools for reorganization the system of intra-holding settlements. A methodology for rationalization the holding’s settlement system based on clearing obligations, universal in use by holding-type companies, has been developed and its approbation has been carried out. The conclusions based on the results of the study form recommendations for changing some aspects of the holding’s activities in accordance with the results of the modernization of the holding’s settlement system. The method of rationalization of the system of intra-holding settlements proposed by the authors has versatility in application and can be used in solving management tasks within any holding.

The growth of holding business structures predetermined the need to transform existing financial management tools. Among other results, a special financial control has appeared to achieve the long-term strategic company goals. Financial control of the development strategy with specific implementation is now one of the key management tools ensuring the prospective implementation of the company corporate strategy. The research objective is to determine the methodological basis for a controlled indicators system, considering non-financial factors of the company value formation. The methodological basis of the research consists of a systematic approach, use of statistical methods of data analysis and evaluation, content analysis. The results have been substanted due to the information published on the Moscow Exchange website, the Forbes rating of the largest Russian companies, the official websites of Russian companies. The research relevance is determined by need to clarify the content of financial control of holding development strategy and its implementation. The examples of building financial control systems in Russian companies have been provided. A universal scheme of financial control system has been created. Key methods of strategic financial control have been defined: strategic modelling; building value chains; factor and scenario analysis; in-depth study of financial status using mathematical and econometric methods and modern computer software. Regarding the specifics of financial control, its implementation scheme has been defined, and the main differences from the traditional implementation have been outlined. Company value maximizing is the main goal of financial control of the development strategy. It has substanted the control of non-financial cost factors. They include: company management model; the degree of social responsibility of the company; intellectual capital; the degree of innovation; customer loyalty and brand awareness; quality and novelty of products; company’s contribution to the socio-economic development of the country and regions where it is presented. Control of non-financial factors requires developing a system of controlled indicators. This is an advanced research direction of the topic.

The globalization of the economy, innovations in science and engineering, rapid development of information technologies have resulted in the increased competition and higher instability of the environment.The management today is increasingly challenged by the problem of control caused by a number of factors: economic crises, the increased volume and diversity of its own activities, the dynamics and complexity of the corporate environment as well as the severe market competition. The problem of effective control in holding companies is coming to the fore. The paper compares different approaches to the management of an enterprise and reveals advantages and disadvantages of each.As a result of the analysis, a classification of practical tools and methods for strategic and operational controlling has been proposed to ensure efficient and sound management of company flows in both the short and long term when setting targets and developing ways to achieve them.