Strategic Financial Management for Smes Operating Across Jurisdictions

Tatyana Tabisheva^1,

¹Independent Researcher, Miami, Florida, USA

Cite this paper:
Tatyana Tabisheva. Strategic Financial Management for Smes Operating Across Jurisdictions. International Journal of Econometrics and Financial Management. 2025; 12(1):1-9. doi: 10.12691/ijefm-12-1-1

Abstract

The finance of small and medium-sized enterprises (SMEs) that conduct business in a wide range of jurisdictions is deeply affected by a complicated combination of various regulatory regimes, financial turmoil, and the imbalance of access to capital. The article contains a comprehensive analysis of strategic financial management techniques involving SMEs in particular, cross-jurisdiction, in a specific and to a great extent financial literacy promotion among owners and managers, popularizing fintech solutions, employing practices of strategic management accounting (SMA), obtaining alternative funds as a source of financing, and utilizing artificial intelligence (AI)-related analytics at the decision-making level. Based on an in-depth research of the latest academic literature, practitioner reports, and industry insights, the research explains the overall effectiveness of these strategies in enhancing the SME resilience, compliance with multiple regulatory regulations, and the ability to sustain in terms of long-term growth. Pragmatic suggestions are made, such as the standardization of financial reporting practices in an effort to simplify compliance, the strategic use of digital instruments in order to increase the efficiency of operations, as well as the development of cross-border relationships in order to avoid the maze of possible challenges that the financial environment of foreign markets may present.

Keywords:
SMEs strategic financial management cross-jurisdictional operations financial literacy FinTech strategic management accounting

This work is licensed under a Creative Commons Attribution 4.0 International License. To view a copy of this license, visit http://creativecommons.org/licenses/by/4.0/

References:

[1]	Ndiaye, N., Razak, L. A., Nagayev, R., & Ng, A. (2018). Demystifying small and medium enterprises’ (SMEs) performance in emerging and developing economies. Borsa Istanbul Review, 18(4), 269-281.
[2]	Wang, H., Xiang, X., & Han, L. (2023). Financial development, legal systems and SME finance: Cross-country evidence. International Review of Economics & Finance, 88, 981-1002.
[3]	Otoo, F. N. K. (2024). Assessing the influence of financial management practices on organisational performance of small- and medium-scale enterprises. Vilakshan - XIMB Journal of Management, 21(2), 162-188.
[4]	Sanga, B., &Aziakpono, M. (2023). FinTech and SMEs financing: A systematic literature review and bibliometric analysis. Digital Business, 3(2), 100067.
[5]	IFAC. (2023a). Performance and financial management: Key factors for small- and medium-sized entities’ survival in a volatile environment. https:// www.ifac.org/ knowledge-gateway/ discussion/ performance- and-financial-management-key-factors-small-and-medium-sized-entities-survival-volatile.
[6]	Padi, A., Musah, A., Blay, M. W., et al. (2025). Small and medium scale enterprise (SME) owner financial literacy, entrepreneurial competencies and financial performance: The role of corporate governance. Future Business Journal, 11, 160.
[7]	MV, D. M. K., Almuraqab, N. A. S., Moonesar, P., Braendle, U. C., & Rao, A. (2024). How critical is SME financial literacy, and digital financial access for financial and economic development in the expanded BRICS block? Frontiers in Big Data, 7, 1448571.
[8]	Schwaeke, J., Peters, A., Kanbach, D. K., Kraus, S., & Jones, P. (2024). The new normal: The status quo of AI adoption in SMEs. Journal of Small Business Management, 63(3), 1297-1331.
[9]	IFAC. (2023b). Financial literacy for SMEs: A lifeline to the lifeblood of the global economy. https://www.ifac.org/knowledge-gateway/ discussion/ financial-literacy- smes-lifeline-lifeblood-global-economy.
[10]	Amadasun, D. O. E., &Mutezo, A. T. (2022). Influence of access to finance on the competitive growth of SMEs in Lesotho. Journal of Innovation and Entrepreneurship, 11, 56.
[11]	Serrasqueiro, Z., Leitão, J., &Smallbone, D. (2021). Small- and medium-sized enterprises (SME) growth and financing sources: Before and after the financial crisis. Journal of Management &Organisation, 27(1), 6-21.
[12]	Jun, W., & Ran, X. Q. (2024). Dynamics in digital finance and its impact on SME financing. Heliyon, 10(9), e30586.
[13]	Ma, L., Chen, X., Zhou, J., &Aldieri, L. (2022). Strategic management accounting in small and medium-sized enterprises in emerging countries and markets: A case study from China. Economies, 10(4), 74.
[14]	Williams, R. I., Smith, A., Aaron, J. R., Manley, S. C., & McDowell, W. C. (2019). Small business strategic management practices and performance: A configurational approach. Economic Research-EkonomskaIstraživanja, 33(1), 2378-2396.
[15]	SME Financial Solutions. (2024). SME financial solutions for resilience & stable long-term growth. https://www.smesg.com/.
[16]	Buchdadi, A. D., Sholeha, A., & Ahmad, G. N. (2020). The influence of financial literacy on SMEs' performance through access to finance and financial risk attitude as mediation variables. Academy of Accounting and Financial Studies Journal, 24(5), 1-15. https:// www.abacademies.org/ articles/ the-influence-of-financial-literacy-on-smes-performance-through-access-to-finance - and-financial- risk-attitude- as-mediation- variabl-9624. Html.