Strategic management of financial stability of business entities in the modern economic environment

Чередніченко, А.О. and Васечко, Людмила Іванівна and Рамський, Андрій Юрійович (2023) Strategic management of financial stability of business entities in the modern economic environment European scientific journal of Economic and Financial innovation (1(11)). pp. 112-124. ISSN 2617-8648

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Abstract

A company's financial stability plays an important role in ensuring its future expansion and profitability. It is the ability of a company to work by balancing its assets and liabilities in constantly changing conditions. Financial stability is achieved by effective and optimal management of cash, commodity values, fixed assets, capital resources and obligations to them. At the stage of formation of the world economy, the task of every enterprise is to form a competitive position and aim for further development in the future, which is an important stage of corporate activity. To reduce the risk of not being able to repay loans on time, enterprises should conduct financial analysis and pay special attention to financial stability. In most cases, companies have the cash to cover their debts today, but they may feel the need to borrow money a few days from now. Therefore, thecompany's board of directors must conduct an analysis of financial stability in order to make operational decisions. Credit analysis involves a detailed study of the borrower's quantitative and qualitative characteristics from the point of view of credit class, quality of loan collateral and their impact on the level of credit risk. Determining the limits of a company's financial stability is one of the most important economic issues during market transitions. This is due to the fact that insufficient financial stability can lead to underfinancing of production development, bankruptcy and ultimately bankruptcy. Bankruptcies and excessive stability hinder corporate growth and increase the value of a company's excess inventory and reserves. Undoubtedly, today financial stability is a complex process that studies the resource potential of the enterprise, its financial condition, dependence on the influence of internal and external factors, the ability to ensure effective activity while maintaining its solvent category. The article analyzes various approaches to the definition of the concept of "financial sustainability of the enterprise" by various economists. The author's definition of "financial stability of the enterprise" within the limits of the moderneconomy is presented. The factors affecting the financial stability of the enterprise are disclosed. The management of the financial stability of the country's enterprises in modern conditions is analyzed

Item Type:	Article
Uncontrolled Keywords:	financial stability;management;entrepreneurial activity;stability; influencing factors; enterprise.
Subjects:	Це архівна тематика Київського університету імені Бориса Грінченка > Статті у наукометричних базах > Index Copernicus Це архівна тематика Київського університету імені Бориса Грінченка > Статті у журналах > Фахові (входять до переліку фахових, затверджений МОН)
Divisions:	Це архівні підрозділи Київського університету імені Бориса Грінченка > Факультет економіки та управління > Кафедра фінансів
Depositing User:	професор Андрій Юрійович Рамський
Date Deposited:	16 Nov 2023 14:10
Last Modified:	16 Nov 2023 14:17
URI:	https://elibrary.kubg.edu.ua/id/eprint/47088

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