FACTOR ANALYSIS OF FINANCIAL PERFORMANCE AND FORMATION OF STRATEGIC RESILIENCE IN UKRAINIAN IT COMPANIES UNDER THE CHALLENGES OF WAR
Ukrainian IT companies, a crucial sector of the national economy, currently face challenges and risks associated with contemporary military and adverse macroeconomic realities. Adapting and strengthening the strategic resilience and financial performance of Ukrainian IT companies becomes a pivotal...
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| Format: | Article |
| Language: | English |
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FINTECH Alliance LLC
2024-02-01
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| Series: | Фінансово-кредитна діяльність: проблеми теорії та практики |
| Subjects: | |
| Online Access: | https://fkd.net.ua/index.php/fkd/article/view/4229 |
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| author | Mariya Rubakha Lesia Tkachyk Iryna Pryimak Nazar Demchyshak Ruslan Yurkiv |
| author_facet | Mariya Rubakha Lesia Tkachyk Iryna Pryimak Nazar Demchyshak Ruslan Yurkiv |
| author_sort | Mariya Rubakha |
| collection | DOAJ |
| description |
Ukrainian IT companies, a crucial sector of the national economy, currently face challenges and risks associated with contemporary military and adverse macroeconomic realities. Adapting and strengthening the strategic resilience and financial performance of Ukrainian IT companies becomes a pivotal task in times of war. The purpose of the article is to conduct a factor analysis of the financial performance of IT companies and determine the key directions for ensuring the strategic stability of enterprises in this industry in Ukraine.
The article analyzes the primary threats and challenges faced by Ukrainian IT companies, assessing the corresponding measures they implemented to stabilize operations and ensure business processes in 2021-2022. The research allowed for the identification, using economic analysis methods and the construction of multifactorial multiplicative models, of the influencing factors on the financial performance of Ukrainian IT companies during wartime. In particular, five-factor models were constructed to analyze the change in net profit and net income from sales for 7 leading industry companies in Ukraine. The key factors in the models include the structure of funding sources, asset turnover, profitability, cost structure and others.
The importance of fostering strategic resilience for Ukrainian IT companies amid military challenges has been established. Business strategic resilience implies a company's ability to adapt to adverse changes in its external environment while maintaining competitiveness. Directions for shaping strategic resilience in enterprises have been identified, particularly in the context of ensuring financial, operational, and organizational resilience, physical security, business model stability, cyber threat resistance, and corporate social responsibility. The analysis of financial performance factors, employing economic analysis methods in conjunction with an evaluation of how IT companies respond to the challenges of war, will enable a comprehensive risk assessment and effective managerial decision-making within these business structures.
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| first_indexed | 2024-03-07T19:44:14Z |
| format | Article |
| id | doaj.art-2d99707e62c843618a0a8968c212a623 |
| institution | Directory Open Access Journal |
| issn | 2306-4994 2310-8770 |
| language | English |
| last_indexed | 2025-03-20T03:18:38Z |
| publishDate | 2024-02-01 |
| publisher | FINTECH Alliance LLC |
| record_format | Article |
| series | Фінансово-кредитна діяльність: проблеми теорії та практики |
| spelling | doaj.art-2d99707e62c843618a0a8968c212a6232024-10-03T07:10:39ZengFINTECH Alliance LLCФінансово-кредитна діяльність: проблеми теорії та практики2306-49942310-87702024-02-0115410.55643/fcaptp.1.54.2024.4229FACTOR ANALYSIS OF FINANCIAL PERFORMANCE AND FORMATION OF STRATEGIC RESILIENCE IN UKRAINIAN IT COMPANIES UNDER THE CHALLENGES OF WARMariya Rubakha0Lesia Tkachyk1Iryna Pryimak2Nazar Demchyshak3Ruslan Yurkiv4Candidate of Economy Sciences, Associate Professor of the Department of Finance, Money Circulation and Credit, Ivan Franko National University of Lviv, Lviv, UkraineCandidate of Economy Sciences, Associate Professor of the Department of Finance, Money Circulation and Credit, Ivan Franko National University of Lviv, Lviv, UkraineCandidate of Economy Sciences, Associate Professor of the Department of Finance, Money Circulation and Credit, Ivan Franko National University of Lviv, Lviv, UkraineD.Sc. in Economics, Professor of the Department of Finance, Money Circulation and Credit, Ivan Franko National University of Lviv, Lviv, UkrainePhD in Economics, Associate Professor of the Department of Finance, Money Circulation and Credit, Ivan Franko National University of Lviv, Lviv, Ukraine Ukrainian IT companies, a crucial sector of the national economy, currently face challenges and risks associated with contemporary military and adverse macroeconomic realities. Adapting and strengthening the strategic resilience and financial performance of Ukrainian IT companies becomes a pivotal task in times of war. The purpose of the article is to conduct a factor analysis of the financial performance of IT companies and determine the key directions for ensuring the strategic stability of enterprises in this industry in Ukraine. The article analyzes the primary threats and challenges faced by Ukrainian IT companies, assessing the corresponding measures they implemented to stabilize operations and ensure business processes in 2021-2022. The research allowed for the identification, using economic analysis methods and the construction of multifactorial multiplicative models, of the influencing factors on the financial performance of Ukrainian IT companies during wartime. In particular, five-factor models were constructed to analyze the change in net profit and net income from sales for 7 leading industry companies in Ukraine. The key factors in the models include the structure of funding sources, asset turnover, profitability, cost structure and others. The importance of fostering strategic resilience for Ukrainian IT companies amid military challenges has been established. Business strategic resilience implies a company's ability to adapt to adverse changes in its external environment while maintaining competitiveness. Directions for shaping strategic resilience in enterprises have been identified, particularly in the context of ensuring financial, operational, and organizational resilience, physical security, business model stability, cyber threat resistance, and corporate social responsibility. The analysis of financial performance factors, employing economic analysis methods in conjunction with an evaluation of how IT companies respond to the challenges of war, will enable a comprehensive risk assessment and effective managerial decision-making within these business structures. https://fkd.net.ua/index.php/fkd/article/view/4229factor analysisIT industryIT company strategic resiliencenet profitnet revenue from salesbusiness models |
| spellingShingle | Mariya Rubakha Lesia Tkachyk Iryna Pryimak Nazar Demchyshak Ruslan Yurkiv FACTOR ANALYSIS OF FINANCIAL PERFORMANCE AND FORMATION OF STRATEGIC RESILIENCE IN UKRAINIAN IT COMPANIES UNDER THE CHALLENGES OF WAR Фінансово-кредитна діяльність: проблеми теорії та практики factor analysis IT industry IT company strategic resilience net profit net revenue from sales business models |
| title | FACTOR ANALYSIS OF FINANCIAL PERFORMANCE AND FORMATION OF STRATEGIC RESILIENCE IN UKRAINIAN IT COMPANIES UNDER THE CHALLENGES OF WAR |
| title_full | FACTOR ANALYSIS OF FINANCIAL PERFORMANCE AND FORMATION OF STRATEGIC RESILIENCE IN UKRAINIAN IT COMPANIES UNDER THE CHALLENGES OF WAR |
| title_fullStr | FACTOR ANALYSIS OF FINANCIAL PERFORMANCE AND FORMATION OF STRATEGIC RESILIENCE IN UKRAINIAN IT COMPANIES UNDER THE CHALLENGES OF WAR |
| title_full_unstemmed | FACTOR ANALYSIS OF FINANCIAL PERFORMANCE AND FORMATION OF STRATEGIC RESILIENCE IN UKRAINIAN IT COMPANIES UNDER THE CHALLENGES OF WAR |
| title_short | FACTOR ANALYSIS OF FINANCIAL PERFORMANCE AND FORMATION OF STRATEGIC RESILIENCE IN UKRAINIAN IT COMPANIES UNDER THE CHALLENGES OF WAR |
| title_sort | factor analysis of financial performance and formation of strategic resilience in ukrainian it companies under the challenges of war |
| topic | factor analysis IT industry IT company strategic resilience net profit net revenue from sales business models |
| url | https://fkd.net.ua/index.php/fkd/article/view/4229 |
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