Vilenchuk Oleksandr, Dr. (Economics), Professor of the Department of Finance and Credit, Polissia National University, Zhytomyr, Ukraine

ORCID: 0000-0002-2884-1384
e-mail: vilenchuk@ukr.net

Недільська Л. В. кандидат економічних наук, доцент, доцент кафедри фінансів і кредиту, Поліський національний університет, м. Житомир, Україна

ORCID: 0000-0002-0528-9021
e-mail: larysa.nedilska@polissiauniver.edu.ua

Methodological Tools in Financial Science

Abstract. Introduction. Knowledge of financial science consists of a comprehensive and deep awareness of the multifaceted nature of financial relations in society. The scientific value of this study lies in its reflection of the methodological principles, approaches, and methods necessary to understand the nature and evolution of financial phenomena and processes. There is an objective need to substantiate the process of scientific inquiry in finance.  

Purpose. This study aims to present conceptual approaches to organizing and using tools to understand the methodology of financial science, considering contemporary opportunities, challenges, and threats.  

Results. The methodological basis of financial science consists of relevant principles that contribute to the formation of regulatory, institutional, moral-ethical, and socio-economic relationships among stakeholders. A relevant synthesis of principles, approaches, and methods of scientific inquiry establishes an expected trajectory for cognitive activity aimed at acquiring new financial knowledge. Furthermore, it has been substantiated that research methods (general scientific, special, theoretical, empirical, quantitative, and qualitative) should be considered key tools of cognitive activity that ensure the objectivity, reliability, and reproducibility of financial knowledge.

Conclusions. The practical significance of the research results is to substantiate priority areas for the further development of financial science in Ukraine. These areas include ensuring financial security and stability, modernizing fiscal policy, developing financial ecosystems, increasing the inclusiveness of financial services, integrating Environmental, Social, and Governance (ESG) strategies into financial resource management, harmonizing national financial legislation with EU norms, and financing the country’s post-war reconstruction. Gradually implementing these measures will increase resilience and strengthen national stability under wartime conditions.

Keywords: scientific research; methods, methodology; approaches; principles; finances.

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