The impact of financial risk management on firm performance: a study in financial management practices

Abstract

In the framework of financial management techniques, this study explores the crucial link between financial risk management and corporate success. The study explores how effective risk management techniques have a direct impact on the overall performance of organizations via extensive research and analysis. The study highlights the important role that proactive risk management plays in boosting a firm's stability, profitability, and long-term growth by looking at a variety of risk reduction approaches and their results. The results highlight how crucial it is to implement effective financial risk management procedures in order to deal with uncertainties, allocate resources efficiently, and ultimately achieve sustained success in today's changing business environment.