Strategic Financial Management: A Review
Keywords:
Strategic Financial Management, Capital Expenditure, Capital Structure, Working CapitalAbstract
Strategic financial management (SFM) integrates the financial management function into the corporate strategy. It aims at creating value through finance by supporting the overall strategy of the company. Thus, SFM is the portfolio constituent of the corporate strategic plan that embraces the optimum investment and financing decisions required to achieve the overall objectives in the face of intense competition. In other words, it is the combination of financing and investment policies of the firm so that the shareholders’ wealth is maximised, to whom the management is ultimately responsible. An attempt has been made in this paper to understand the concept of SFM by reviewing the existing literature.
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Copyright (c) 2012 Shruti Gupta
This work is licensed under a Creative Commons Attribution 4.0 International License.
Research Articles in 'International Journal of Engineering and Management Research' are Open Access articles published under the Creative Commons CC BY License Creative Commons Attribution 4.0 International License http://creativecommons.org/licenses/by/4.0/. This license allows you to share – copy and redistribute the material in any medium or format. Adapt – remix, transform, and build upon the material for any purpose, even commercially.
