Assessment of the Impact of Macro Indicators on the Financial Security of Small Businesses Under Martial Law

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Assessment shows macroeconomic factors affect financial stability in small businesses, highlighting interdependencies.

Financial security of small businesses significantly declines due to rising inflation and public debt.
The proposed MSME_FSI index dropped critically to 0.16 in 2022, reflecting wartime impacts on financial health.
Multiple regression analysis reveals strong determination of financial stability by macroeconomic indicators.
Findings stress the need for collaboration between public administration and businesses to ensure ongoing financial security.

Bondarenko et al. (2025) studied this question.

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