Managing financial stability in an unstable business environment

Abstract

The article is devoted to the study of the possibilities of managing the financial stability of Russian business entities in modern conditions of an unstable business environment. The purpose of the article is to study methods for managing the prerequisites for the occurrence of financial insolvency to manage the financial stability of an economic entity in an unstable business environment. The idea is relevant, since external economic restrictions, high inflation, rapid changes in exchange rates, sales markets, and restructuring of supply chains have a direct impact on the activities of modern Russian business entities. The strategic goal of an economic entity is the introduction of an integrated system of financial and non-financial indicators that characterize the resources it has for successful functioning in an unstable economic environment. There are many models for diagnosing insolvency and insolvency of business entities. However, there is no single approach to selecting and adapting models for diagnosing the financial insolvency of business entities. Financial stability management is largely implemented taking into account the specifics of various sectors of the economy. The article provides a classification of the main areas of financial stability management for each type of anti-crisis management, a management system, levels of financial stability management, and proposes for consideration an emphasis on identifying the crisis field of an economic entity.