STRATEGIC FINANCIAL MANAGEMENT IN THE FACE OF BOYCOTTS: UNDERSTANDING THE IMPLICATIONS ON FINANCIAL ACCOUNTING PRACTICES FOR COMPANIES DEALING WITH ISRAELI GOODS
Keywords:
Strategic Financial Management, boycotts, financial accounting practices, international trade, geopolitical factors, risk mitigation, diversification, contingency planning, stakeholder engagement.Abstract
This study, conducted in the past tense, delved into the complexities of Strategic Financial Management amid product boycotts, with a specific focus on the implications for financial accounting practices in companies involved in the trade of Israeli goods. Examining historical perspectives on boycotts, the research elucidated the dynamic role of financial accounting in international trade, defining and contextualizing Strategic Financial Management as a vital alignment between financial strategies and geopolitical factors. Employing a case study approach and qualitative analysis methods, the study explored the multifaceted impact of boycotts on financial accounting practices, uncovering actionable strategies such as risk mitigation through diversification and contingency planning, adaptive financial reporting practices, and stakeholder engagement.
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