Prácticas de gestión financiera en empresas textiles de los Valles Centrales de Oaxaca

The This article examines the theoretical foundations and empirical evidence concerning the relationship between financial management practices and economic performance in order to develop a conceptual framework applicable to textile firms in the Central Valleys of Oaxaca, Mexico. An integrative theoretical review distinguishes organizational financial management practices from the owner-manager’s financial literacy and organizes the construct into four domains: working capital management, accounting information and financial reporting, capital budgeting and investment decisions, and financing management. The literature does not support a uniform prescription: working capital may display nonlinear relationships with profitability; the value of financial information depends on its actual use; small firms often combine formal investment-appraisal tools with liquidity criteria and experience; and financing decisions are constrained by access, costs, maturities and owner-manager preferences. For subsequent empirical validation, the proposed fieldwork is territorially delimited to Teotitlán del Valle, Santa Ana del Valle, San Miguel del Valle, San Pablo Villa de Mitla, Santo Tomás Jalieza and San Antonino Castillo Velasco, based on academic and official evidence of textile specialization. The resulting framework posits that coordinated financial management practices may be associated with sales, profitability, growth and economic stability under specific organizational and territorial conditions. These propositions require empirical testing and should not be interpreted as causal evidence for textile firms in the Central Valleys of Oaxaca.