Financial management of State Forests National Forest Holding in relation to challenges of sustainable development of forestry
Financial management of State Forests National Forest Holding in relation to challenges of sustainable development of forestry

Summary/Abstract: Goal is to systemise knowledge about the rules and basic elements of financial management of theState Forests as an entity responsible for the sustainable development of forestry in Poland.Research methodology used in the study is analysis of the literature related to financial managementof enterprises in the forestry sector, especially in the SFNFH, as well as sustainable forest economy.The literature review allows the author to examine the general rules, aims and elements of financialmanagement of the State Forests. The determinants influencing the form of financial managementof this entity are also indicated.Score: The research confirms that the financial management of the State Forests is influenced bynumerous factors resulting from the specific nature of the forest industry. On one hand, there is a necessityto take into account the economic efficiency of conducted operations, as well as the need formaintaining the financial independence of all the SFNFH's organisational units. On the other hand, anyinitiated activities should comply with environmental requirements and the social needs of society.

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