Sustainable Financial Management in Small Businesses: A Systematic Review of the Literature on Financing, Capital, and Success Factors from 2021 to 2025
Abstract
The management of capital and financing for small businesses plays a very important role in designing financial strategies that support business sustainability in the long term. This research aims to explore the factors that influence financial management in small businesses, using a systematic literature review approach. In this research, various recent studies published between 2021 and 2025 were analyzed to uncover key elements in capital and financing management that contribute to the sustainable growth of small businesses. The review results indicate that efficient capital management, appropriate access to various funding sources, and the ability to adopt innovative and adaptive financial strategies are the main factors that mutually support and are crucial in maintaining the continuity and growth of small businesses. Furthermore, this research also identified a gap in the existing literature, which provides a significant opportunity for further research to explore the challenges and obstacles faced by small business actors in managing their finances. These findings underscore the importance of well-planned and data-based financial management to help small businesses face future challenges and design more effective and sustainable financial strategies. Thus, this research can provide deeper insights into how proper financial management can contribute to the long-term success of small businesses.
Keywords: Capital Management, Small Business Financing, Sustainable Financial Strategies, Small Businesses, Financial Literacy, Financial Innovation.
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HUMANIS (Humanities, Management and Science Proceedings) is a national peer reviewed and open access journal that publishes significant and important research from all area of agroindustry.
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