IMPROVING THE ANALYSIS OF FINANCIAL STABILITY OF ENTERPRISES IN THE CONTEXT OF SUSTAINABLE ECONOMIC GROWTH
Keywords:
Financial stability, sustainable economic growth, financial analysis, composite index.Abstract
In the context of sustainable economic growth, ensuring the financial stability of enterprises has become a critical priority for both managers and policymakers. This study aims to improve the methodological framework for analysing financial stability by integrating traditional financial indicators with a composite index approach. The findings suggest that a comprehensive model provides a more accurate and forward-looking assessment of financial stability.
References
1.Demirgüç-Kunt, A. and Maksimovic, V. (1998) ‘Law, finance, and firm growth’, Journal of Finance, 53(6), pp. 2107–2137.
2.Levine, R. (2005) ‘Finance and growth: theory and evidence’, in Aghion, P. and Durlauf, S. (eds.) Handbook of Economic Growth. Amsterdam: Elsevier, pp. 865–934.
3.Modigliani, F. and Miller, M.H. (1958) ‘The cost of capital, corporation finance and the theory of investment’, American Economic Review, 48(3), pp. 261–297.
4.Myers, S.C. (1984) ‘The capital structure puzzle’, Journal of Finance, 39(3), pp. 575–592.
5.OECD (2019) Handbook on Constructing Composite Indicators: Methodology and User Guide. Paris: OECD Publishing.
6.Ross, S.A., Westerfield, R.W. and Jordan, B.D. (2019) Fundamentals of Corporate Finance. 12th edn. New York: McGraw-Hill Education.
7.Titman, S., Keown, A.J. and Martin, J.D. (2018) Financial Management: Principles and Applications. 13th edn. Harlow: Pearson.
8.Van Horne, J.C. and Wachowicz, J.M. (2013) Fundamentals of Financial Management. 13th edn. Harlow: Pearson Education.
9.Penman, S.H. (2013) Financial Statement Analysis and Security Valuation. 5th edn. New York: McGraw-Hill.
10.Graham, J.R. and Harvey, C.R. (2001) ‘The theory and practice of corporate finance: Evidence from the field’, Journal of Financial Economics, 60(2–3), pp. 187–243.
11.World Bank (2020) Global Financial Development Report 2019/2020: Bank Regulation and Supervision a Decade after the Global Financial Crisis. Washington, DC: World Bank.
Downloads
Published
Issue
Section
License
Copyright (c) 2026 Ideal Journal of Multidisciplinary Research
This work is licensed under a Creative Commons Attribution 4.0 International License.
You are free to:
- Share — copy and redistribute the material in any medium or format for any purpose, even commercially.
- Adapt — remix, transform, and build upon the material for any purpose, even commercially.
- The licensor cannot revoke these freedoms as long as you follow the license terms.
Under the following terms:
- Attribution — You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
- No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.
Notices:
You do not have to comply with the license for elements of the material in the public domain or where your use is permitted by an applicable exception or limitation.
No warranties are given. The license may not give you all of the permissions necessary for your intended use. For example, other rights such as publicity, privacy, or moral rights may limit how you use the material.
