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Рік заснування видання - 2014

FINANCING ENTERPRISES DURING MARTIAL LAW

25.06.2024 21:47

[1. Economic sciences]

Author: Julia Boyko, 621fmb gr. student, National Aerospace University "Kharkiv Aviation Institute", Ukraine; Natalia Zjubanova, senior lecturer of the Foreign Languages Department, National Aerospace University "Kharkiv Aviation Institute", Ukraine


The war changed our lives before and after. Talking about the economy, Ukraine partially prepared for such acute hardships as well as ordinary people and enterprises that support people's needs. Unfortunately, many businesses were shut down, but many continued to operate. Our country also received financial support from many allied countries. Financing enterprises during martial law creates unique challenges and opportunities that require innovative approaches and sustainable strategies. The instability and unpredictability of the wartime economy required a reevaluation of traditional financing methods to ensure business survival and growth. In this paper we will explore the various mechanisms and strategies used to secure funding for businesses during martial law, based on information from three key sources.

Source 1: Government Support and Subsidies.

Governments often play a crucial role in supporting enterprises during martial law by providing subsidies and financial aid. According to the article from the Journal of Economic Perspectives, state intervention becomes essential to stabilize the economy and prevent widespread business failures. These interventions may include direct financial support, tax relief, and low-interest loans aimed at maintaining liquidity and operational continuity for businesses. By mitigating the immediate financial pressures, government support to navigate through the economic disruptions caused by the conflict.

Source 2: Alternative Financing Mechanisms.

In addition to government aid, enterprises frequently turn to alternative financing mechanisms to secure necessary funds during martial law. A study published in the International Review of Financial Analysis highlights the growing reliance on crowdfunding, peer-to-peer lending and private equity investments during such periods. These alternative sources of finance are particularly valuable when traditional banking systems are compromised or when access to conventional loans becomes restricted. By leveraging these innovative financing options, businesses can diversify their funding sources and reduce dependency on unstable financial institutions.

Source 3: International Aid and Support Programs.

International aid and support programs also play a significant role in financing enterprises during martial law. As noted in the Global Journal of Economics, international organizations and foreign governments often provide financial assistance and technical support to stabilize economies in conflict zones. Programs, such as: the International Monetary Fund (IMF) and the World Bank offer emergency funds, grants and loans to help businesses sustain operations and rebuild in the aftermath of the conflict. These international efforts are crucial for fostering economic resilience and enabling long-term recovery for war-affected enterprises.

In conclusion, financing enterprises during martial law requires a multifaceted approach that combines government support, alternative financing mechanisms, and international aid. The effectiveness of these strategies is contingent upon the adaptability and resilience of businesses in navigating the complexities of the wartime economy. By leveraging a diverse array of funding sources, enterprises can enhance their financial stability and ensure continuity in operations despite the challenges posed by martial law.

The references used: 

Journal of Economic Perspectives: Government Support during Wartime Economies

International Review of Financial Analysis: Alternative Financing Mechanisms in Conflict Zones

Global Journal of Economics: International Aid for Enterprises in Conflict Areas



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