Financial levers in the enterprise profit management system

Abstract

The study is aimed at generalizing theoretical approaches to interpreting the essence of financial levers and substantiating their role in the enterprise profit management system as a key element of the financial mechanism. The study uses general scientific and special methods of cognition, in particular: analysis and synthesis – to generalize scientific approaches to defining financial levers; a systematic approach – to substantiate their place in the financial mechanism; comparative analysis – to identify common and distinctive features in the interpretations of different scientists; logical generalization – to form an author's approach to defining their essence and functions. Scientific approaches to understanding financial levers are considered and their key interpretations are highlighted: as forms of manifestation of financial instruments, means of stimulating economic activity, components of the financial mechanism and elements of managerial influence. The feasibility of considering them as means of strengthening the action of financial instruments and methods is substantiated. The system-forming role of financial levers in the process of managing the enterprise's profit has been determined, in particular in terms of optimizing income and expenses, forming the capital structure, tax planning, managing financial risks, ensuring liquidity, and coordinating strategic and tactical goals. It has been proven that the effective use of financial levers contributes to achieving a balance between profitability and risk and increases the enterprise's adaptability to changes in the external environment. It has been established that financial levers are an integral part of the enterprise's financial mechanism and perform the function of ensuring the effectiveness of financial management. Their use allows not only to generate profit, but also to effectively manage it in the long term.