The role of financial management and its dimensions are critical determinants for sustainable organizational performance

Abstract

The number of companies incorporating society's expectations into their business strategy increases. Reliance on sustainable concerns is crucial to expanding interconnection and future value. Research aimed to look into the function of financial management in encouraging sustainable business practices and growth. Confirms that proper financial management models are required to increase productivity while limiting financial risks, depending on conceptual analysis of materials from various experts. Studies also revealed that devoting capital budgets for sustainable issues improves a company's competitive edge and that using both financial systems is an effective sustainability tool. To the report, financial management is critical in encouraging sustainable business practices and sustainability.