Financial Stability of Small and Medium-Sized Businesses in a Crisis Economy: The Determinants of Management

The article provides a solution to the problem of the financial stability for small and medium-sized businesses in a crisis economy.To ensure the idea of the company development, the authors of the present study relied on the situational approach which defines management as specific circumstance that requires adequate actions to solve it.The purpose of the research is focused on the practical aspects of making managerial decisions in the conditions of a crisis economy to ensure the financial stability of medium and small enterprises (SMEs).For this, the methods of analysis and syn-thesis, expert evaluation, fuzzy logic, and the situational approach were used.This article focuses on the three main reasons, including: i) increase in the risk of financial stability losses by small and medium-sized companies, ii) insufficient use of analytical and information technologies, iii) the complexity of decision-making in conditions of crisis and uncertainty.The research was carried out in the following areas: 1) analysis of risks to the financial stability of companies associated with crisis phenomena in the economy, 2) assessment of the risk of financial stability loss based on the method of fuzzy logic, 3) formation of the configuration of management decisions to ensure the financial stability of the company in the conditions of a crisis economy based on the situational approach.The results revealed the relevance of the research and the reliability and sustainability of the research tools.Based on the results, the most important problems of the companies were identified, an approach to assessing the risk of losing financial stability by the company was proposed based on the method of fuzzy logic, and practical recommendations were given on how to determine the configuration of managerial