Readiness of financial resilience in start-ups

Sreenivasan, Aswathy; Suresh, M.

doi:10.1016/j.jnlssr.2023.02.004

Cited by 10 publications

(2 citation statements)

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“…Financial resilience is a crucial factor in financial well-being (Russell et al, 2020) and is related to an economic entity's ability to adjust to conditions caused by a financial shock (Mcknight et al, 2020;Sreenivasan, 2023) and recover without fundamentally changing its structure and functions (Folke et al, 2010;Holling, 1973). There is a strong correlation between the financial resilience of a system and the financial resources it possesses at a given moment, but financial resilience depends not only on the available financial resources but also on debt obligations and methods of managing the resource base (Deevy, 2021).…”

Section: Literature Reviewmentioning

confidence: 99%

Financial determinants of ensuring the resilience of Ukrainian regions

Voznyak,

Mulska,

Kaplenko

et al. 2023

Investment Management and Financial Innovations

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Financial resilience is the basis of economic development as it determines the ability of the financial system to efficiently perform its functions and ensure optimal resource allocation and the normal course of economic processes under the impact of macroeconomic shocks and endogenous risks. The article aims to assess financial resilience as a systemic component of ensuring the economic development of Ukrainian regions. The research methods include systemic and structural analysis (building an information and analytical model for studying financial resilience), clustering (grouping regions by the criterion of economic development), and risk theory and analysis of variance (identifying potential zones of financial resilience and its components). Data from the regions (oblasts) of Ukraine for 2015–2021 serve as the information and analytical basis of the study. The article reveals that in 2021 regions with better financial resilience (Zhytomyrska, Dnipropetrovska, Kyivska, Lvivska, Odeska, Kharkivska, Cherkaska, and Volynska oblasts) take leading positions in terms of economic development and more efficient use of exogenous and endogenous financial resources than the regions with low financial resilience (Chernivetska, Vinnytska, Khmelnytska, Donetska, Ternopilska, and Ivano-Frankivska oblasts). The study proves that enhancing financial resilience is a trigger and foundation for ensuring economic growth in the regions, especially amid macroeconomic shocks. Balancing the need to use financial resources to restore the economy (growth of production, consumption, and employment) while reducing the dependence of regional economies on external financial sources should become the main vector of policy to ensure the financial resilience of Ukrainian regions. AcknowledgmentsThe study was conducted within the framework of the “Financial Determinants of Ensuring Economic Growth of Regions and Territorial Communities based on Behavioral Economics” project (No. 2020.02/0215) funded by the National Research Foundation of Ukraine (Competition “Support for Research of Leading and Young Scientists”).

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Section: Literature Reviewmentioning

confidence: 99%

Financial determinants of ensuring the resilience of Ukrainian regions

Voznyak,

Mulska,

Kaplenko

et al. 2023

Investment Management and Financial Innovations

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“…For example, creating innovative financial products, services, and business models may lead to financial resilience in companies and organizations [6]. Innovation and agility may also help organizations to encounter financial and external shocks more resiliently [7]. Ref.…”

Section: Introductionmentioning

confidence: 99%

The Effect of Innovation and Information Technology on Financial Resilience

Homayoun,

Pazhohi,

Manzarzadeh Tamam

2024

Sustainability

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This paper aims to examine the views of managers, accountants, and auditors on the impact of innovation and information technology on financial resilience, and answers the question of whether in today’s businesses, which are rapidly changing and evolving and where events are unpredicted, organizations can increase their economic resilience through innovation and information technology. The research population was managers, accountants, and auditors of small and medium-sized companies in Razavi Khorasan in 2024, and the study was conducted with a questionnaire in both paper and electronic forms through in-person visits to the companies under research, where 357 auditors and 371 accountants and managers completed the questionnaire. The findings show that the innovation of products and services and the expansion of information technology increase the financial resilience of organizations. It is suggested that organizations increase the innovation of products and services and use information technology to eliminate and take effective action in dealing with possible risks. The findings suggest exciting facts about the effect of advanced digital space on financial resilience in organizations active in Iran’s economy, as well as possible damages in this field that cause delays in digitalization and, as a result, the economic resilience of organizations.

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