Strategic management of corporate financial security in a climate of economic uncertainty in the US
DOI:
https://doi.org/10.26661/2522-1566/2026-2/36-03Keywords:
strategic management, financial security, economic uncertainty, risk assessment, enterprise adaptability, USAAbstract
This study is devoted to an in-depth analysis of the strategic management of corporate financial security in the context of the ongoing economic uncertainty observed in the United States. The relevance of the topic stems from the high level of economic risks arising from dynamic market changes, exchange rate fluctuations and political factors that affect corporate stability in unstable economic conditions. In this context, O. Likhota’s approach is used as the theoretical and applied basis for the study, enabling the integration of financial security assessment with strategic management decision-making, which is critical for ensuring the effective functioning of enterprises. The study employs a range of methods for financial analysis, strategic planning and risk assessment, including analytical and statistical tools that provide a comprehensive picture of enterprises’ financial condition. A detailed analysis has been conducted of internal and external threats that may adversely affect the financial stability of enterprises, as well as an assessment of their financial condition, which is necessary for formulating sound management decisions based on the integration of the data obtained into a strategic management system. The study confirmed the effectiveness of a comprehensive financial security management strategy, which includes assessing the financial condition of enterprises, analysing threats, and selecting preventive, corrective and adaptive strategies for responding to potential risks. Using this approach makes it possible to significantly improve an enterprise’s adaptability to changing market conditions, base management decisions on reliable data, and ensure long-term financial stability. The research findings are of considerable practical significance for managers, financial analysts and business owners, as they provide the opportunity to systematically manage financial risks, integrate analytical data into the decision-making process and ensure the effective adaptation of the business to economic uncertainty, which, in turn, contributes to enhancing the competitiveness of enterprises in the market.
JEL Classification: G 32, M 10, D 81.
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REFERENCES
Brigham, E. F., & Ehrhardt, M. C. (2016). Financial management: Theory and practice (15th ed.). Cengage Learning. URL: https://bertousman.wordpress.com/wp-content/uploads/2021/02/eugene-f.-brigham-michael-c.-ehrhardt-financial-management_-theory-practice-2017-1.pdf
Damodaran, A. (2007). Strategic risk taking: A framework for risk management. Wharton School Publishing. URL: https://books.google.com/books/about/Strategic_Risk_Taking.html?id=y0FHRRAzfLoC
Drucker, P. F. (1999). Management challenges for the 21st century. HarperBusiness. DOI: https://doi.org/10.1590/S0034-75902000000400011
Korytko, T., Pіletska, S., Kulinich, T., Miahkykh, I., & Likhota, O. (2024). Formation of a model for assessing the level of financial security of an enterprise in a changing external environment. Ekonomista, (4), 479–495. DOI: https://doi.org/10.52335/ekon/203592
Fraser, L., & Simkins, B. (2010). Enterprise risk management: Today’s leading research and best practices. John Wiley & Sons. URL: https://web.actuaries.ie/sites/default/files/erm-resources/enterprise_risk_management_2010.pdf
Hammer, M., & Champy, J. (1993). Reengineering the corporation. HarperBusiness. URL: https://books.google.com/books/about/Reengineering_the_Corporation.html?hl=uk&id=dbqTHjKL0RMC
IFRS Foundation. (2018). Conceptual framework for financial reporting. URL: https://www.ifrs.org/projects/completed-projects/2018/conceptual-framework/
Kaplan, R. S., & Norton, D. P. (1996). The balanced scorecard: Translating strategy into action. Harvard Business School Press. URL: https://www.hbs.edu/faculty/Pages/item.aspx?num=8831
Koontz, H., & Weihrich, H. (2010). Essentials of management: An international perspective (8th ed.). McGraw-Hill. URL: https://www.scirp.org/reference/referencespapers?referenceid=1775500
Moyer, R. C., McGuigan, J. R., & Rao, R. P. (2018). Contemporary financial management (14th ed.). Cengage Learning. URL: https://books.google.com/books/about/Contemporary_Financial_Management.html?id=pFQ8AwAAQBAJ#:~:text=Contemporary%20Financial%20Management-,R.,with%20the%20book%20only%20information.
Ross, S. A., Westerfield, R. W., & Jaffe, J. (2012). Corporate finance (10th ed.). McGraw-Hill. URL: https://books.google.com/books/about/Corporate_Finance.html?id=DQU1AAAAQBAJ
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