Published Online: Sep 10, 2016
Page range: 49 - 55
DOI: https://doi.org/10.1515/eb-2016-0021
Keywords
© 2016 Svetlana Saksonova et al., published by De Gruyter Open
This work is licensed under the Creative Commons Attribution 4.0 Public License.
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.