BIBLIOMETRIC ANALYSIS OF THE RELATIONSHIP BETWEEN MANAGEMENT SYSTEM AND FINANCIAL SUSTAINABILITY OF COMPANIES

Simona-Maria Brinzaru (), Codrin-Florentin Nisioiu (), Camelia-Catalina Mihalciuc () and Cipriana Mihai ()
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Simona-Maria Brinzaru: Stefan cel Mare University of Suceava, Romania
Codrin-Florentin Nisioiu: Bucharest University of Economic Studies, Romania
Camelia-Catalina Mihalciuc: Stefan cel Mare University of Suceava, Romania
Cipriana Mihai: Stefan cel Mare University of Suceava, Romania

European Journal of Accounting, Finance & Business, 2024, vol. 12, issue 2, 73-82

Abstract: In the current context, it is extremely important for any enterprise management system to integrate a financial sustainability strategy and objectives for several reasons, namely the economic environment is highly unstable, with unforeseen events such as the COVID-19 pandemic, geopolitical conflicts or energy crises. Integrating a financial sustainability strategy into a company's management system can help to increase the company's resilience in the face of such turbulence and improve performance management. Thus, financial sustainability can provide a sound framework for risk assessment and risk management, and in the face of crises such as the one generated by the COVID-19 pandemic, enterprises that adopted sustainable financial practices were often better prepared to cope with the negative impacts and recover faster. In this context, this paper aims to explore the relationship between financial sustainability and the management system of organizations, with a particular focus on performance management. In order to achieve this goal, three objectives were also set as follows: to analyze the evolution of the papers published under this theme in terms of time, geography and WOS research areas; to understand the evolution of the addressed theme by identifying the most frequently used keywords within the research theme and the links between keywords that outline the most relevant thematic clusters; to identify the importance of integrating financial sustainability strategies into companies' management systems. The results of the bibliometric analysis show that sustainable management systems contribute to long-term financial sustainability, particularly in volatile economic climates.

Date: 2024
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