SYSTEM OF DRIVERS FOR ASSESSING THE FINANCIAL SUSTAINABILITY OF ORGANIZATIONS IN THE FIELD OF DEVELOPMENT: DEVELOPMENT OF A METHODOLOGY AND EMPIRICAL ANALYSIS System of Drivers for Assessing the Financial Sustainability of Organizations in the Field of Development: Development of a Methodology and Empirical Analysis

Published in JOURNAL OF MONETARY ECONOMICS AND MANAGEMENT · Issue 9, 2026 · Pages 189–193 · Rubric: SCIENTIFIC ARTICLES
DOI: https://doi.org/10.26118/2782-4586-2026-9-189-193
Received: 15.09.2026 Accepted: 14.10.2026 Published: 14.10.2026
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This article is dedicated to the development and empirical analysis of a system of drivers for assessing the financial stability of organizations in the development sector operating in the modern market. The development industry, characterized by high capital intensity, a long investment cycle, and significant risks, requires a specific approach to financial condition assessment. The paper systematizes existing theoretical approaches to defining financial stability, as well as the tools for its assessment, adapted to the specifics of development. The author's definition of a developer's financial stability is proposed, integrating concepts of financial equilibrium and strict regulatory control. The main focus is on identifying and classifying key drivers that determine the dynamics of financial stability. Three groups of drivers are identified: macroeconomic (impact on equity accumulation), monetary and market-related (availability of investment resources), and structural-investment (capital immobilization). An empirical analysis of the influence of these drivers on the financial performance of development companies in Russia was conducted. The research results allow a shift from retrospective analysis to proactive capital management, which is critically important for ensuring the continuity of the investment and construction cycle amidst market volatility and strict regulatory control.
financial stability, development, drivers, capital intensity, project financing, escrow accounts, macroeconomic factors, empirical analysis
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