Rising economic instability highlights the strategic importance of strong financial control systems in sustaining organizational resilience, adaptability, and long‑term performance. This study explores how financial control processes enhance organizational resilience, focusing on Ethiopian Airlines Group (EAG) from 2015 to 2024. Using the Management Control Systems framework and Dynamic Capabilities Theory, the research employs a qualitative case study design based on audited financial statements and annual reports. Descriptive trend analysis assessed shifts in revenue growth, profitability, liquidity, and asset efficiency, linking these indicators to EAG’s strategic control mechanisms. The findings show that EAG’s integrated financial control architecture emphasizing cost discipline, liquidity preservation, capital expenditure management, and revenue diversification, was central to sustaining performance during major external shocks, particularly the COVID‑19 pandemic. The airline maintained profitability by rapidly transforming its operations, notably expanding its cargo business and effectively leveraging its subsidiaries. Financial evidence reveals an eightfold revenue increase over the study period, strong recovery of net operating and profit margins following the pandemic, and improved liquidity and asset utilization. Overall, the study demonstrates that strategically embedded financial control systems are essential for rapid recovery and long‑term resilience in volatile environments, offering valuable insights for enterprises and policymakers in emerging economies.
XIV. ÉVFOLYAM 2025. SPECIAL ISSUES 1. 8-14
DOI: 10.24387/CI.SI.2026.1.2
A cikk megtekinthető: http://controllerinfo.hu/wp-content/uploads/2026/09/CI_kulonszam_2026_1-022.pdf
