Abstract
The questions suggested by firms financial distress (or bankruptcy) situations are usually preceded by leverage and debt adjustments concerns. This kind of problematic is advised to be placed at financial strategic ideas inside the firm and can be included on the interaction level, besides previous studies have been evidencing the focus on individual ones with prevalence on debt adjustments and financing flexibility. But, finance management and theory beyond this kind of problematic may drive research to the interaction field between firm’s short and long-term financial policy subject to a limit. This is a kind of eutrapelia towards to obtain a real balance between opposite financial tendencies and avoiding all the excesses, involving complementary financial management and dividend policy decisions, as well. All the reality and mainly the firm’s financial phenomena are the result of a permanent interaction between the correspondent variables. This proposal is the (second) direct result from financial management experience to improve research design and achieve new and better solutions for financial policy problematic. This is also a kindly challenge launched to other financial economics researchers and academics to improve even more the results inside a given corporate financial strategy, knowing that financial sustainability should be a firm’s long-term objective. Not only in terms of financing but to also obtain a better management and focus on strategic assets, as is now being claimed by moving away from focus on “quarterly capitalism” to a long-term mind-set. All of them to guarantee sustainability, competitive and optimum business levels instead maximized business activity ones to. In terms of hierarchy, sustainable finance should be above and beyond flexible finance, structured finance, behavioural finance and so on, knowing that improved technical solutions associated with them will be always welcome.
Published Version
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