Conceptual Building of Sustainable Financial Management & Sustainable Financial Growth

Abstract

Scholars argue that there is a link between sustainable business practices as well as sustainable development and financial management. Financial management is a tool that promotes sustainable business practices and sustainable financial growth for firms, if is well incorporated in the business operations. In this regard, this paper aims at utilizing recent research papers that elaborate further on this issue. We will incorporate the use of peer-reviewed journals. There is an abundance of research that explains the connection between financial management and sustainable business growth. This research found out that financial executives need to incorporate financial management to sustainability issues, address risks that impact on corporate sustainability, and understand the mutual relationship between sustainability practices and sustainable financial growth predicting corporate financial risks, and corporate sustainability reporting disclosure. This will allow financial management practices to be a tool for promoting sustainable business practices and sustainable development in the long-term of a business.