Business assets of territorial communities in conditions of war: new challenges and management problems

Introduction. The Russian invasion in Ukraine has generated the socio-economic crisis, a significant loss of assets, damage to infrastructure and industrial and municipal enterprises, the rupture of value chains, etc., at the background of substantial economic problems caused by the consequences of the pandemic in Ukraine and globally. Current economic conditions dictate the need to search for new approaches to the development of an efficient assets management system at the local level in the conditions of war. Purpose. The article aims to analyze the problems of business assets management in territorial communities of Ukraine and to substantiate the directions of their solution in the conditions of war. Results. The article addresses current problems of business assets management in territorial communities in the conditions of war. The following are singled out: lack of reliable information on available assets in a community; limited opportunities and tools of the community’s impact and control over the activity of municipal enterprises; failure of local governments to secure efficient management of enterprises providing housing and utility services due to significant deterioration of their financial situation; the difficulty of assessing the damage to enterprises, loss of assets, the write-off of property, commodity values, cash of enterprises or bad debts as a result of hostilities. Conclusions. The article argues that the challenges, risks, and problems that have aggravated in territorial communities due to new circumstances have to be instantly taken into account as it will contribute to economic stabilization and help resume the work of enterprises and secure economic resilience. The following communities are suggested to be distinguished depending on the risk of economic resilience disturbance: with low risk, increased prospective risk, or in the area of hostilities and in occupation. A range of measures to secure the economic resilience of communities is offered across the types, and possible directions for improving the efficiency of business assets management are recommended. They will serve as an analytical basis in the practice of local governments when modernizing the local development strategies.