6533b826fe1ef96bd1283e7d

RESEARCH PRODUCT

Financial Management as a Tool for Achieving Stable Firm Growth

Svetlana SavinaSvetlana Saksonova

subject

FinanceHF5001-6182060106 history of social sciencesbusiness.industry05 social sciencesEnterprise valuemethod of discounted cash flowFinancial ratioCapital callfinancial management06 humanities and the artsFinancial managementEconomics as a scienceMarket value added0502 economics and businessValue (economics)Business0601 history and archaeologybusinessSustainable growth rateBusiness managementfirm valueHB71-74050203 business & managementIndustrial organization

description

Abstract The purpose of this study is to show that financial management in the firm is a tool for achieving stable firm growth and long-term firm stability while problems in firm financial management lead to the inability of firms to ensure sustainable growth of their value. This problem is relevant for firms in all countries. The main objectives of this paper are: to analyse dynamics of value of the largest Latvian firms, to determine the drivers of these dynamics and to establish the main problems slowing the growth of firm value, which are related to the drawbacks in financial management, and to provide suggestions for solving these problems. This study analyses financial management processes and identifies several key problems in financial management.

https://doi.org/10.1515/eb-2016-0021