Innovative Strategy for Managing Financial Resources in The Textile Industry Enterprises
Keywords:
textile products, export potential, financial management, export, innovative methodsAbstract
This study examines innovative financial resource management strategies in textile industry enterprises, addressing a critical gap in optimizing financial efficiency amid increasing global competition. While previous research has explored general financial management, limited attention has been given to integrating innovative methods specific to textile enterprises. Using a mixed-methods approach, this study analyzes financial management practices, tax policies, and investment incentives through case studies and statistical analysis. The findings reveal that adopting subsidized financial instruments, tax deferment policies, and export-oriented financial strategies significantly enhance enterprise profitability and international competitiveness. The results suggest that targeted financial interventions can foster sustainable growth in the textile sector, providing a framework for policymakers and industry leaders to enhance financial resilience and economic contributions.
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