Poznakhovsky V.A., Ph.D. in Economics, Associate Professor, Lecturer of Economic Disciplines, Separated structural subdivision «Rivne Professional College of the National University of Life and Environmental Sciences of Ukraine», Rivne, Ukraine

ORCID ID: 0000-0001-7923-7534
e-mail: v.a.poznakhovskyi@gmail.com

Methodological Foundations for Assessing the Financial Stability and Competitiveness of Enterprises under Crisis Conditions

Abstract. Introduction. The ongoing war and prolonged economic instability have fundamentally altered the operating environment for Ukrainian enterprises. Disruptions in supply chains, inflationary pressure, regulatory uncertainty, and digital challenges have made it essential to rethink how to measure financial stability and competitiveness under these conditions.

Purpose. The study aims to develop a methodological framework for assessing the financial resilience and competitiveness of enterprises, taking into account both external threats and internal capabilities. The focus is on building an adaptive system that supports strategic and operational decision-making in uncertain conditions.

Methods. To ensure analytical depth, the research employs a combination of classification methods, structural and functional modeling, expert evaluation, and elements of factor and comparative analysis. These tools allow us to integrate financial and non-financial indicators into a comprehensive evaluation model.

Results. The study proposes a structured approach linking production efficiency, financial condition, market performance, and competitiveness. The model helps identify weaknesses, assess risk exposure, and suggest performance improvements under complex external influences. The model reflects how enterprises adapt to military and post-crisis challenges.

Conclusions. The proposed methodology can serve as a practical tool for economic diagnostics, scenario planning, and risk management. It is valuable for analysts, managers, and policymakers who aim to promote business sustainability in Ukraine’s dynamic environment.

Keywords: financial stability; competitiveness; enterprise; evaluation methods; indicators; internal and external environment; crisis economy.

References:

1. Hevlych, L. L. (2023). The Place of Risk in the Process of Independent Audit. Bulletin of Lviv University of Trade and Economics. Economic Sciences, 73, 73–78. https://doi.org/10.32782/2522-1205-2023-73-11.
2. Kravchenko, V. I. (2023). Financial Stability of Enterprises under Economic Turbulence. Economy and State, 6, 89–93. https://doi.org/10.32702/2306-6806.2023.6.89.
3. Lysenko, I. M., & Savchenko, O. A. (2022). Assessing the Competitiveness of Enterprises under Transformational Changes. Finance, Accounting and Audit, 4, 101–108. https://doi.org/10.31617/foa.2022.04.13.
4. OECD. (2023). Supporting Ukraine’s Private Sector in Wartime and Recovery. Paris: OECD Publishing. https://www.oecd.org/ukraine.
5. European Commission. (2024). Ukraine Economic Update: Resilience and Recovery. Brussels. https://ec.europa.eu/commission/economy-finance/ukraine.
6. Mostenska, T. L., & Shevchuk, O. V. (2023). Enterprise Resilience in the System of Strategic Management. Financial and Credit Activity: Problems of Theory and Practice, 2(49), 114–121. https://doi.org/10.18371/fcaptp.v2i49.277883.
7. Ministry of Economy of Ukraine. (2024). Assessment of the Macroeconomic Situation in Ukraine. Analytical Report. Kyiv. https://me.gov.ua.
8. State Statistics Service of Ukraine. (2024). Key Indicators of Enterprise Activity in Ukraine. Kyiv. https://ukrstat.gov.ua.
9. Poddubna, N. (2021). Modern Approaches to Enterprise Performance Assessment in Uncertainty Conditions. Economics and Region, 2(81), 102–106. https://doi.org/10.26906/EiR.2021.2(81).2296.
10. World Bank. (2023). Ukraine Economic Report: Resilience and Recovery. Washington, DC: The World Bank Group. https://www.worldbank.org/en/country/ukraine.