THE ROLE OF FINANCIAL RESOURCES IN ENSURING CORPORATE FINANCIAL STABILITY
Annotasiya
Financial stability is a fundamental condition for sustainable corporate development in a volatile economic environment. Efficient formation and utilization of financial resources enable firms to maintain solvency, manage financial risks, and enhance long-term competitiveness. This study examines the role of financial resources in ensuring corporate financial stability using financial ratio analysis and comparative methods. The results show that rational allocation of financial resources improves liquidity, solvency, and profitability, thereby strengthening financial stability and reducing firms’ vulnerability to economic shocks.
Manbalar
1. Modigliani, F., & Miller, M. H. (1958). The cost of capital, corporation finance and the theory of investment. American Economic Review, 48(3), 261–297.
2. Kraus, A., & Litzenberger, R. H. (1973). A state-preference model of optimal financial leverage. Journal of Finance, 28(4), 911–922.
3. Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4), 305–360.
4. Myers, S. C., & Majluf, N. S. (1984). Corporate financing and investment decisions when firms have information that investors do not have. Journal of Financial Economics, 13(2), 187–221
5. Deloof, M. (2003). Does working capital management affect profitability of Belgian firms? Journal of Business Finance & Accounting, 30(3–4), 573–588.
6. Campello, M., Graham, J. R., & Harvey, C. R. (2010). The real effects of financial constraints: Evidence from a financial crisis. Journal of Financial Economics, 97(3), 470–487.
7. Brigham, E. F., & Ehrhardt, M. C. (2017). Financial Management: Theory and Practice. Cengage Learning.
8. Ross, S. A., Westerfield, R. W., & Jordan, B. D. (2019). Corporate Finance. McGraw-Hill Education.
9. Damodaran, A. (2015). Applied Corporate Finance. Wiley.
