FINANCIAL SECURITY AS A KEY ELEMENT SUPPORTING SUSTAINABLE BUSINESS DEVELOPMENT – A THEORETICAL APPROACH

The main objective of this article is to demonstrate the importance of financial security for supporting the sustainable development of an enterprise. A review of the definitions of financial security was conducted, emphasising its multifaceted nature, properties and functions, and indicating the tools and instruments that enable its effective management. The article demonstrates that financial security guarantees the continuity and development of a company, supports the long-term planning process and protects the company from internal and external threats. The theoretical analysis confirms the hypothesis that financial security is a key condition for the implementation of the concept of sustainable development.