Modern aspects of managing the financial stability of enterprises

Abstract

The issue of creating and ensuring the effective functioning of the enterprise financial stability management system is one of the least studied topics in terms of corporate finance, methodology, and practice of effective financial management. The purpose of the article is to study the essence of managing the financial stability of enterprises in a competitive and unstable environment to improve their efficiency. The research methods include general scientific methods of abstraction, analysis, and synthesis. To achieve the research objectives, the dialectical method of scientific knowledge, monographic method (for characterizing the researched topic); induction and deduction (when forming general conclusions about the conducted research); analysis and synthesis (for characterizing the system of enterprise financial stability management); graphical visualization (for visual representation of the research results) were applied. The research results revealed that financial stability is a key component of the financial condition of an organization, reflecting the state of financial resources, their use and distribution primarily at the expense of own funds, ensuring solvency and investment attractiveness within an acceptable level of risk. Scientific approaches to the study of theoretical and conceptual aspects of enterprise financial stability management were elaborated. A methodology for assessing the financial stability of enterprises was developed, which provides a deeper understanding of its financial condition and creates a basis for developing strategies for sustainable development and profit maximization through the implementation of various strategies. Methods, classification of coefficients, and functional goals of ensuring financial stability were systematized. New approaches to systematic financial activities aimed at ensuring the ability of the enterprise to timely fulfill its obligations, increase discounted income, and maintain financial balance were formulated. Conclusions. Based on the conducted research, it can be stated that in the conditions of modern economic development, managing the financial stability of enterprises is a key task. Its solution requires a comprehensive approach and the use of various financial management tools. The lack of financial stability can lead to serious consequences, such as insolvency and lack of resources to ensure uninterrupted production and enterprise development.