PREREQUISITES FOR CREATING A MECHANISM FOR COUNTER>CYCLICAL REGULATION OF FINANCIAL SUSTAINABILITY OF CONSTRUCTION

Abstract

The economic essence of the concepts "economic cycle", "indicators of changes in the phases
of the economic cycle", "anticyclical management", "the mechanism of management of financial sta
bility of construction in the conditions of economic cyclicality" is specified. On the basis of the analysis
of literary sources it was established that the economic cycle is a periodic fluctuation of business activi
ty that has peaks and recessions, and anticyclical management is the process of planning, organizati
on, commissioning and control of the activity of a construction enterprise in order to mitigate the nega
tive effect of cyclicity during a downturn, and identifying potential opportunities in the recovery of the
economy. This approach is the theoretical basis for building a mechanism for managing financial sus
tainability of construction under conditions of economic cyclicality as a set of tools and methods used
in the process of anticyclical management and aimed at creating conditions for increasing financial
stability in conditions of business activity fluctuations.