FINANCIAL CONTROLLING AS A TOOL FOR ENSURING REGULATORY STABILITY OF BUSINESS IN THE FACE OF GLOBAL SHOCKS

Abstract

The purpose of this study is to substantiate the role of financial controlling as an integrated managerial instrument for ensuring business regulatory resilience under conditions of global shocks. The relevance of the research is driven by the growing frequency of economic, geopolitical, and regulatory disruptions that challenge the ability of enterprises to maintain financial stability and comply with dynamic regulatory requirements. The research methodology is based on a comprehensive review and synthesis of contemporary theoretical approaches to financial controlling, crisis management, and business resilience, as well as a qualitative analysis of international and domestic academic publications. Conceptual modeling is applied to examine the functioning of financial controlling across different phases of crisis development, including the pre-crisis, crisis, and post-crisis stages. The results of the study demonstrate that financial controlling performs a system-forming function in ensuring regulatory resilience by integrating planning, budgeting, liquidity control, risk management, and compliance-related processes into a coherent management framework. It is shown that, under conditions of heightened uncertainty, financial controlling shifts from a predominantly retrospective control function toward an analytical and adaptive decision-support system. The proposed conceptual model highlights how financial controlling enables early identification of regulatory and financial risks, supports accelerated decision-making cycles during crises, and facilitates post-crisis stabilization through institutionalization of adaptive management practices. The practical significance of the research lies in the applicability of the proposed approach for enterprises operating in volatile environments. The findings can be used to improve the adaptability of financial management systems, enhance coordination between financial controlling, risk management, and compliance functions, and strengthen the ability of businesses to respond effectively to regulatory changes during periods of turbulence. Overall, the study contributes to the theoretical understanding of financial controlling as a strategic tool for sustaining business continuity and long-term stability in the face of recurring global shocks.