Uman National University | today: 05/23/2026
| Author(s) |
Huzar B.S., Candidate of Economics Sciences, , Кисельов І. А., , , |
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|---|---|---|---|
| Category | Economics | ||
| year | 2026 | issue | Issue 108 part 2 |
| pages | 209-224 | index UDK | 336.64:[338.43:334.72] | DOI | 10.32782/2415-8240-2026-108-2-209-224 (Link) |
| Abstract | The article investigates and systematizes the main dynamic mechanisms for ensuring financial stability. The structural and functional characteristics of the mechanisms for ensuring financial stability of agricultural business entities are revealed which reflects the logics of building a dynamic management model based on the integration of fundamental principles, tools for their implementation and a system of evaluation indicators. Its logical construction is revealed which is based on a combination of methodological, functional and effective approaches which contributes to a comprehensive disclosure of the process of methodological approaches to ensuring financial stability. As a result of the study three basic principles are systematized – adaptability, systematicity and prevention which determine the conceptual basis of financial stability management, as well as a generalizing element –dynamic integration, which ensures their synergistic interaction. The results of the study indicate clear relationships between management decisions and tools, evaluation parameters of financial indicators and final effects, results of functioning of agrarian business entities. The proposed system of indicators creates an analytical basis for the formation of an integrated assessment of financial sustainability and provides the possibility of further use of the results in the process of making management decisions. Analysis of the results of the assessment of systemic indicators demonstrates that the profitability of assets of agribusiness entities remains at an acceptable level butit largely depends on access to capital and the scale of activity. This confirms the need to improve the mechanisms of financial support for the industry. The block of prevention requires special attention, where the values of financial risk indicators and the probability of bankruptcy indicate the presence of systemic threats. This is consistent with the modern conditions of functioning of agribusiness sector which is affected significantly by war and economic factors. The integral financial stability index (IFS) within 0.45–0.65 indicates an incomplete realization of the potential of financial stability which justifies the need to implement dynamic management mechanisms. As a result of the study external factors were systematized from the standpoint of their influence on the key parameters of ensuring financial stability, identification of the most vulnerable financial indicators in particular liquidity, profitability, asset turnover and capital structure as well as determination of appropriate adaptation mechanisms. It is generalized that ensuring the financial stability of agrarian business entities is formed under the influence of a complex interaction of factors among which logistical factors and martial law acquire special importance. This justifies the need to strengthen the adaptive and preventive components of financial management which is the key idea of the proposed dynamic mechanisms. Approaches to the identification and classification of external factors that affect the financial stability of agrarian business entities are systematized. Their construction is based on the integration of factor and functional approaches which makes it possible to establish the relationship between risk sources, their manifestations and management response tools. Directions for improving the existing approaches to assessing the risk of bankruptcy have been formulated taking into account the national and industry specifics of agrarian business. | ||
| Key words | financial stability, mechanisms for ensuring financial stability, agrarian business entities, methods for assessing financial stability, dynamic mechanisms for ensuring financial stability, an integrated approach, external and internal factors of influence, risks, bankruptcy, assessment of the probability of bankruptcy, shortcomings of bankruptcy assessment methods | ||