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Abstract
This paper examines the systemic mechanisms of liquidity risk assessment and management in joint-stock companies (JSCs) as an indispensable prerequisite for corporate financial resilience. It explores the transition from static balance-sheet liquidity ratios to forward-looking dynamic cash flow models, proactive working capital optimization, and stress-testing protocols. The study analyzes the interplay between funding and asset liquidity risks, proposing strategic approaches—including digital treasury automation, diversified short-term financing instruments, and governance-driven risk limits—to insulate JSCs from macroeconomic shocks and maintain uninterrupted operational solvency.
References
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