Financial risk management and corporate social responsibility as tools for increasing the resilience of enterprises
Year: 2025
Type: article
Abstract: The article examines the features of using financial risk management and corporate social responsibility tools to ensure the sustainability of construction enterprises. The principles of business social responsibility in modern conditions of the construction industry are analyzed. The aspects of implementing risk management measures in construction enterprises are identified. The issues of using the principles of risk management and corporate social responsibility of business are formulated. The need to improve the tools for implementing the financial risk management and corporate social responsibility system to ensure the sustainability of construction enterprises in the context of sustainable development and Industry 4.0 is substantiated. It is argued that the study of the theoretical basis of financial risk management and corporate social responsibility of construction enterprises confirmed the importance of implementing such tools not only to support the competitiveness of the business, but also to ensure its sustainable development in the long term. It is proven that the construction industry has a significant impact on regional socio-economic development and well-being of the population, which requires an integrated approach to the implementation of social responsibility strategies. It is analyzed that the activities of construction enterprises in the field of social responsibility are aimed at reducing the negative impact on the environment, improving occupational safety, developing local communities and adhering to high standards of business ethics. It is proven that the implementation of risk minimization principles requires not only careful analysis and risk management, but also the transformation of corporate governance, adaptation to the requirements of new technologies and flexibility in making strategic decisions. It is substantiated that understanding and taking into account these key aspects of risk management and social responsibility helps enterprises increase their competitiveness, adaptability and sustainability in the global economic environment.
Authors: Olha Popelo, Vladyslav Drahun
Institution: Chernihiv Polytechnic National University
Language: English
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4416599298