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Abstract

The current era of heightened global economic uncertainty necessitates a thorough understanding of corporate financial strategies that enable firms to weather economic shocks. This literature review systematically identifies and analyzes financial strategies and practices that have demonstrated effectiveness in mitigating the negative impacts of events such as geopolitical instability. The methodology involves a comprehensive synthesis of existing scholarly articles focusing on corporate finance responses to global economic volatility. This study examines strategies related to funding, capital structure, cash management, and investment, evaluating their success in fostering financial resilience. Furthermore, the review integrates relevant financial theories, including the pecking order, trade-off, and agency theories, to provide a theoretical foundation for the observed effectiveness of these strategies. The analysis reveals key financial practices that contribute to firm stability during turbulent times and highlights the explanatory power of established financial frameworks in understanding corporate behavior under uncertainty. The findings offer insights for both academic research and practical application by corporate finance professionals seeking to enhance their firms' resilience.

Bahasa Abstract

Era ketidakpastian ekonomi global yang meningkat saat ini menuntut pemahaman yang mendalam mengenai strategi keuangan korporat yang memungkinkan perusahaan untuk mengatasi guncangan ekonomi. Tinjauan literatur ini secara sistematis mengidentifikasi dan menganalisis strategi dan praktik keuangan yang telah menunjukkan efektivitas dalam memitigasi dampak negatif dari peristiwa seperti ketidakstabilan geopolitik. Metodologi penelitian melibatkan sintesis komprehensif artikel-artikel ilmiah yang ada, dengan fokus pada respons keuangan korporat terhadap volatilitas ekonomi global. Studi ini menguji strategi yang berkaitan dengan pendanaan, struktur modal, manajemen kas, dan investasi, serta mengevaluasi keberhasilannya dalam mendorong ketahanan keuangan. Lebih lanjut, tinjauan ini mengintegrasikan teori-teori keuangan yang relevan, termasuk teori pecking order, trade-off, dan keagenan, untuk memberikan landasan teoretis bagi efektivitas strategi-strategi yang diamati. Analisis mengungkapkan praktik-praktik keuangan utama yang berkontribusi pada stabilitas perusahaan selama masa turbulensi dan menyoroti kekuatan eksplanatori kerangka kerja keuangan yang mapan dalam memahami perilaku korporat di bawah ketidakpastian. Temuan penelitian ini menawarkan wawasan baik untuk penelitian akademis maupun aplikasi praktis oleh para profesional keuangan korporat yang berupaya meningkatkan ketahanan perusahaan mereka.

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