Determinants of Financial Stability: A Classification-Based Analysis

The article presents a comparative analysis of scholarly approaches to the classification of factors influencing financial stability, highlighting contradictions and summarising their strengths and weaknesses. The feasibility of integrating a multi-level approach is substantiated as the most adaptive to contemporary challenges. An original model for classifying the factors of a company's financial stability has been developed, taking into account the multi-level structure of influence (macro-, meso-, and micro-levels). The proposed model considers the role of digitalisation, technological advancement, and the institutional environment.