Impacts of Financial Management Practices on the Economical Development of Small to Medium Size Forest Enterprises

Small and Medium-sized Forest Enterprises (SMFEs) have transitioned toward environmental sustainability due to the rapid evolution of global economic climate. Researchers revealed a high failure rate about 90% worldwide for SMFEs poor financial management techniques, even though their performance is crucial every emerging country. Implementing methods has boosted firm expansion in literature on topic. This study fills knowledge gap within by examining effect techniques small medium-sized enterprises (SMFEs). Financial management, analysis, computerized accounting systems investments were primary areas inquiry. Two hundred sixty business owners, managers, other staff members filled out questionnaires obtain data. The analysis reveals that better reporting, systems, investment decisions, financing strategies lead faster growth. findings also show robust beneficial relationship between essential success significant consequences administrators, authorities. research expands previous discussions numerous practical aspects offers suggestions future investigation.