Subject Globalization of economic processes is associated with increased competition and risks that may ultimately lead a business to bankruptcy. Strategic alliances are one of the forms of enhancing the resilience of businesses, however, there are no tools for diagnosing the bankruptcy risks of strategic alliance member companies. Objectives The aim is to develop an economic model for assessing the probability of bankruptcy to control risks of companies that are members of strategic alliances. Methods The methodology of the study rests on academic papers of foreign and Russian scientists, expert, mathematical and analytical methods, as well as the systems approach to diagnosing the probability of bankruptcy. Results I developed a risk-based economic model as a set of economic indicators, criteria and methods to assess the bankruptcy risk of companies being the members of strategic alliances. The offered model can be useful to conduct performance audits, reviews and audits of a group of companies, and to prepare corporate reports in the sphere of sustainable development. Conclusions The presented approach enables to consider the specifics of risks of strategic alliance member companies through the mechanism of building a flexible system of indicators, their ranking and assigning weight values that reflect the contribution of a given factor. It also helps generate an objective and reasonable indicator of risk tolerance.
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