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A critical review of domestic and foreign methodological aspects of financial strategies formation using a matrix method in modern realities

Vol. 30, Iss. 9, SEPTEMBER 2024

Received: 14 March 2024

Received in revised form: 28 March 2024

Accepted: 11 April 2024

Available online: 30 September 2024

Subject Heading: FINANCIAL CAPITAL

JEL Classification: G30, G32

Pages: 2108-2121

https://doi.org/10.24891/fc.30.9.2108

Dar'ya A. VOROPAEVA Tula State University (TulSU), Tula, Russian Federation
darja.voropaeva@rambler.ru

https://orcid.org/0000-0002-2252-8733

Subject. The article discusses financial strategies in the corporate finance management system based on a matrix approach.
Objectives. The purpose is, after the analysis of existing financial models in economics that are based on the matrix approach, to identify positive and negative sides of each toolkit, while offering criteria for their comparison, formulated on regional, sectoral, and behavioral aspects.
Methods. The study employs theoretical (analysis, synthesis, modeling, systematization) and empirical (comparison, classification by characteristics, mathematization) methods of scientific research.
Results. I analyzed economic scientific literature concerning domestic and foreign methods of corporate finance management, defined the terms "financial model" and "financial matrix", compared domestic and foreign instruments, developed criteria for evaluating the existing techniques. The criteria enabled to reveal advantages and disadvantages of the matrix strategies mentioned above.
Conclusions. A specific feature of domestic matrix methods is diversification. Moreover, almost all existing financial models are marked by universality: industry differences are ignored. However, each methodological toolkit has its "pros" and "cons", various indicators and financial strategies. At present, there is a need to form a new methodological technique based on the matrix approach. This toolkit can be presented in the form of a financial model characterized by precision and optimality, and would also consider such parameters as industry and regional specifics.

Keywords: matrix method, behavioral factor, financial model, methodological approach, financial strategy

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