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RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS of Ukraine (KHARKIV, UKRAINE)

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Liburkina L. M.

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Transformation of Financial Activities of Enterprises under Martial Law in Ukraine
Soroka R. S.

Soroka, Rostyslav S. (2026) “Transformation of Financial Activities of Enterprises under Martial Law in Ukraine.” Business Inform 5:742–742.

Section: Finance, Money Circulation and Credit

Article is written in Ukrainian
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UDC 658.15:336.64:355.01(477)

Abstract:
The article examines the features of the transformation of financial activities of enterprises under martial law in Ukraine. It is found that in modern conditions, traditional approaches to financial management lose some of their efficiency, since they are mainly focused on functioning in a relatively stable economic environment. The scientific problem of the study is the insufficient level of elaboration of complex mechanisms of transformation of financial activities of enterprises and formation of an adaptive model of financial management in conditions of a wartime economy. The aim of the article is to study the features of the transformation of financial activities of enterprises under martial law, to determine the main factors of the impact of the crisis environment on the financial processes of entrepreneurial entities and to substantiate the directions of improving financial management of enterprises. To achieve the aim, a set of general scientific and special research methods was used, in particular, methods of analysis and synthesis, a system approach, comparative analysis, as well as the modeling method. In the course of the study, it was found that martial law significantly affects all key elements of the financial activities of enterprises, in particular the structure of cash flows, liquidity, the system of management of receivables and payables, sources of financing and financial results of activity. It was determined that the most significant consequences of the wartime economy are cash-flow instability, an increase in the cost of production, deterioration of payment discipline of counterparties, a deficit of working capital, logistical restrictions and increased currency risks. It is proved that in conditions of high uncertainty, the financial activities of enterprises are transformed from a model of ensuring development into a model of ensuring financial stability and adaptability. The scientific novelty of the study lies in the improvement of theoretical and practical approaches to managing the financial activities of enterprises under martial law and the formation of an adaptive model of financial management. The proposed model is based on the integration of mechanisms for anti-crisis liquidity management, debt management, diversification of financing sources, digitalization of financial control and financial risk management. The practical significance of the results obtained lies in the possibility of using the proposed recommendations in the activities of enterprises to increase financial stability, the efficiency of liquidity management and adaptation to an unstable economic environment.

Keywords: financial activity; entrepreneurial entities; financial stability; liquidity; cash flows; adaptive financial management model.

Fig.: 1. Tabl.: 3. Bibl.: 20.

Soroka Rostyslav S. – Candidate of Sciences (Economics), Associate Professor, Associate Professor, Department of Accounting, Finance and Hotel and Restaurant Business, National Forestry University of Ukraine (103 Henerala Chuprynky Str., Lviv, 79057, Ukraine)
Email: [email protected]

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