ECONOMIC ANALYSIS IN THE SYSTEM OF FINANCIAL STABILITY MANAGEMENT OF ENTERPRISES IN THE PRIMARY SECTOR OF THE ECONOMY ENGAGED IN THE PRODUCTION OF FOOD AND RAW MATERIALS

Abstract

The objective of this study is to ascertain the function of economic analysis in the management of financial stability within enterprises. To this end, the study will seek to synthesise theoretical and methodological approaches to the establishment of a financial stability management system for enterprises in the primary sector of the economy engaged in the production of food and raw materials in Ukraine, utilising official statistics from 2015 to 2024. Methodology. The research methodology is founded upon systematic, comprehensive, and risk-oriented approaches, with consideration for the industry-specific nature of the primary sector of the economy in relation to the production of food and raw materials. A thorough investigation was conducted on the primary indicators of financial stability for enterprises in this sector from 2015 to 2024. The investigation utilised data disseminated on the official website of the State Statistics Service of Ukraine. Concurrently, economic analysis is regarded as an integrated management instrument that facilitates the identification of financial threats and the formulation of management decisions aimed at preserving and strengthening financial stability. The findings of the study demonstrated that the financial stability management system for primary sector enterprises producing food and raw materials integrates information support, procedures, methods, and tools of economic analysis with the objective of evaluating the financial stability of enterprises, considering their industry-specific characteristics, and facilitating effective decision-making to preserve and fortify financial stability and the capacity of economic entities to finance their operations in conditions of environmental volatility and heightened risks. The primary sector of the economy, which comprises enterprises engaged in the production of food and raw materials, experienced significant fluctuations in its financial stability indicators between 2015 and 2024. It has been established that since the end of 2019, enterprises in the sector have been financially autonomous and have sufficient own resources to finance their current activities. However, in 2022-2024, the turnover of equity capital and net profit per 1 UAH of equity capital decreased. Practical implications. The practical significance of the results obtained lies in their focus on further searching for ways to maintain and strengthen the financial stability of enterprises in the primary sector of the economy engaged in the production of food and raw materials. This includes improving the system of financial stability management of such enterprises and making informed decisions. Value / Originality. The results of the study provide a foundation for enhancing the financial stability management system of primary sector enterprises engaged in the production of food and raw materials. Furthermore, the study proposes methodologies for conducting economic analysis of key financial stability indicators in conditions of environmental instability and heightened risks.