INVESTIGATING HOW FINANCIAL MANAGEMENT MIGHT SUPPORT SUSTAINABLE DEVELOPMENT AND CORPORATE PRACTICES; THEMATIC ANALYSIS

Abstract

Background: Recently, industries have become more prone to incorporate societal expectations into their business strategy. Moreover, sustainable business practices and development frequently involve adopting successful financial management. Financial management serves as a direction that affects organizational development overall. High-quality financial management is essential to ensuring the overall organization's growth and financial stability, especially when benefiting from substantial expenditures. Aim: This article investigates how financial management may support the growth and adoption of sustainable corporate practices. Methodology: The research is based on a thematic analysis of resources from different researchers in order to confirm that suitable financial management practices are essential to improve productive capacity while managing potential financial risks. Results: According to the study's outcomes,businesses that are implementing sustainable practices under the influence of sustainable investment pressure, employee pressure, organizational management pressure, and regulatory pressure are more likely to see an improvement in their financial productivity. Hence, in order to achieve sustainability within a business, the process must be ingrained throughout every level of organizational support, from senior executives to entry-level employees. Conclusion: This research has shown that an organization must address financial management responsibly and ensure that its abilities are appropriate. The research has also shown how important sustainability problems are in determining financial outcomes and what drives value. In conclusion, financial management is essential for encouraging sustainable business practices and growth. Keywords: Business Development, Financial Management, Financial Risks, Sustainable Business Practices, Thematic Analysis