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{"id":22053,"date":"2026-06-02T09:29:04","date_gmt":"2026-06-02T06:29:04","guid":{"rendered":"https:\/\/modecon.mnau.edu.ua\/?p=22053"},"modified":"2026-06-02T09:29:04","modified_gmt":"2026-06-02T06:29:04","slug":"methodological-tools-in-financial-science","status":"publish","type":"post","link":"https:\/\/modecon.mnau.edu.ua\/en\/methodological-tools-in-financial-science\/","title":{"rendered":"Vilenchuk O., Nedilska L. Methodological Tools in Financial Science"},"content":{"rendered":"

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JEL Classification:<\/strong> \u041240; \u041241; \u041010<\/span><\/i><\/td>\nDOI<\/b>: https:\/\/doi.org\/10.31521\/modecon.V56(2026)-09<\/a><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

[\/vc_column_text][vc_column_text]Vilenchuk Oleksandr, <\/b>Dr. (Economics), Professor of the Department of Finance and Credit, Polissia National University, Zhytomyr, Ukraine<\/span><\/p>\n

ORCID:<\/strong> 0000-0002-2884-1384<\/span><\/a>
\ne-mail: <\/strong>vilenchuk@ukr.net<\/span><\/a><\/p>\n

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ORCID:<\/strong> 0000-0002-0528-9021<\/span><\/a>
\ne-mail: <\/strong>larysa.nedilska@polissiauniver.edu.ua<\/a><\/p>\n

Methodological Tools in Financial Science<\/b><\/p>\n

Abstract. Introduction. <\/i><\/b>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.\u00a0\u00a0<\/span><\/i><\/p>\n

Purpose. <\/i><\/b>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.\u00a0\u00a0<\/span><\/i><\/p>\n

Results.<\/i><\/b> 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.<\/span><\/i><\/p>\n

Conclusions<\/i><\/b>. 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\u2019s post-war reconstruction. Gradually implementing these measures will increase resilience and strengthen national stability under wartime conditions.<\/span><\/i><\/p>\n

Keywords: scientific research; methods, methodology; approaches; principles; finances<\/span><\/i><\/b>.<\/i><\/p>\n

References<\/b>:<\/strong><\/p>\n

    \n
  1. Hrynuk, N., Dokiienko, L., Nakonechna, O., & Kreidych, I. (2021). Financial stability as a financial security indicator of an enterprise. Financial and Credit Activity: Problems of Theory and Practice, 4(39), 228\u2013240. https:\/\/doi.org\/10.18371\/fcaptp.v4i39.241312.<\/span><\/li>\n
  2. Nykiforov, P. (Ed.). (2025). Finansovi instrumenty staloho ekonomichnoho rozvytku: antropotsentrychni vymiry Chernivtsi: Chernivetskyi natsionalnyi universytet imeni Yu. Fedkovycha.<\/span><\/li>\n
  3. Pasichnyk, Y., & Biletska, N. (2020). The new paradigm of European financial science. \u0424\u0456\u043d\u0430\u043d\u0441\u043e\u0432\u043e-\u043a\u0440\u0435\u0434\u0438\u0442\u043d\u0430 \u0434\u0456\u044f\u043b\u044c\u043d\u0456\u0441\u0442\u044c: \u043f\u0440\u043e\u0431\u043b\u0435\u043c\u0438 \u0442\u0435\u043e\u0440\u0456\u0457 \u0442\u0430 \u043f\u0440\u0430\u043a\u0442\u0438\u043a\u0438, 1(32), 518\u2013525. https:\/\/doi.org\/10.18371\/fcaptp.v1i32.200773.<\/span><\/li>\n
  4. Novikova, N. L. (2025). Methodology as a theoretical model of scientific research. European. Scientific Journal of Economic and Financial Innovations, 2(16), 414\u2013418. https:\/\/doi.org\/10.32750\/2025-0238.<\/span><\/li>\n
  5. Badyaev O. V. (2024). Digital transformation of financial management of the enterprise in times of crisis. Modeling the Development of Economic Systems, No 2. 253-258. https:\/\/doi.org\/10.31891\/mdes\/2024-12-33.<\/span><\/li>\n
  6. Shkurat M. E. (2023). Transformation of the world financial architecture under the influence of financial globalization. Current problems of economics, 10 (268). 39-53. https:\/\/doi 10.32752\/1993-6788-2023-1-268-39-53.<\/span><\/li>\n
  7. Kneisler O. V., Spasiv N. Ya., & Koretska L. V. (2025). Transformation of the financial market under digital influence. European Scientific Journal of Economic and Financial Innovations. 3(17), 302-311. http:\/\/doi.org\/10.32750\/2025-0326.<\/span><\/li>\n
  8. Markasova V. G. (2026). Methodology of scientific research in finance. Economy and society. 83. https:\/\/doi.org\/10.32782\/2524-0072\/2026-83-79.<\/span><\/li>\n
  9. Dem\u2019yanishyn V. G, Lobodina Z. M., Gorin V. P, & Dem\u2019yanishyn V. V. (2023). Methodological approaches to the study of state financial resources and financial security of business entities in the context of public finance management reform. World of Finance, 1(74), 31\u201347. https:\/\/doi.org\/ 10.35774\/sf2023.01.031.<\/span><\/li>\n
  10. Huzar B. S. (2022). Methods and methodology of scientific research in the financial sphere. Economy and State 2022 No. 1 84-87. https:\/\/doi.: 10.32702\/2306_6806.2022.1.83.<\/span><\/li>\n<\/ol>\n

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    Vilenchuk O., Nedilska L. (2026). Methodological Tools in Financial Science . Modern Economics, 56(2026), 59-67.DOI: https:\/\/doi.org\/10.31521\/modecon.V56(2026)-09.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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    [vc_row][vc_column][vc_column_text] JEL Classification: \u041240; \u041241; \u041010 DOI: https:\/\/doi.org\/10.31521\/modecon.V56(2026)-09 [\/vc_column_text][vc_column_text]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 \u041d\u0435\u0434\u0456\u043b\u044c\u0441\u044c\u043a\u0430 \u041b.\u00a0\u0412. \u043a\u0430\u043d\u0434\u0438\u0434\u0430\u0442 \u0435\u043a\u043e\u043d\u043e\u043c\u0456\u0447\u043d\u0438\u0445 \u043d\u0430\u0443\u043a, \u0434\u043e\u0446\u0435\u043d\u0442, \u0434\u043e\u0446\u0435\u043d\u0442 \u043a\u0430\u0444\u0435\u0434\u0440\u0438 \u0444\u0456\u043d\u0430\u043d\u0441\u0456\u0432 \u0456 \u043a\u0440\u0435\u0434\u0438\u0442\u0443, \u041f\u043e\u043b\u0456\u0441\u044c\u043a\u0438\u0439 \u043d\u0430\u0446\u0456\u043e\u043d\u0430\u043b\u044c\u043d\u0438\u0439 \u0443\u043d\u0456\u0432\u0435\u0440\u0441\u0438\u0442\u0435\u0442, \u043c. \u0416\u0438\u0442\u043e\u043c\u0438\u0440, \u0423\u043a\u0440\u0430\u0457\u043d\u0430 ORCID: 0000-0002-0528-9021 e-mail: larysa.nedilska@polissiauniver.edu.ua Methodological Tools in Financial Science
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