Financial risk management and corporate sustainability in small and medium-sized enterprises
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Small and medium-sized enterprises play a decisive role in employment generation, productive value creation, and economic dynamism; however, their sustainability is often constrained by exposure to financial risks related to liquidity, credit, indebtedness, interest rates, inflation, exchange rates, and working capital fragility. This study aimed to analyze the relationship between financial risk management and business sustainability based on the available scientific and institutional literature. Methodologically, an exploratory bibliographic review was conducted, drawing on scientific articles, reviews, academic books, technical frameworks, and institutional reports published preferably between 2014 and 2025, organized through analytical reading and thematic categorization. The results show that preventive financial management enables enterprises to anticipate threats, strengthen liquidity, control indebtedness, improve the quality of managerial decision-making, and consolidate early warning systems. Likewise, the findings indicate that the most relevant practices for these enterprises should be proportional to their size and operational capacity. It is concluded that financial risk management constitutes a strategic axis for the permanence, resilience, and creation of sustainable value in small and medium-sized enterprises.
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