Management Financial Performance Research Articles

Analysis of the Role of BPK RI in Promoting Organizational Capacity Development of ASEANSAI in the Period 2018-2023

The development of international audit organizations is crucial for enhancing accountability, transparency, and integration of public sector financial management globally. In Southeast Asia, the establishment of the Association of Southeast Asian Nations Supreme Audit Institutions (ASEANSAI) is significant for fostering regional cooperation in financial auditing. The Supreme Audit Agency of the Republic of Indonesia (BPK RI) plays a pivotal role as the ASEANSAI Secretariat, supporting and developing the organization's performance. As ASEANSAI matures, organizational capacity development becomes a key challenge. This study aims to analyze BPK RI's role in enhancing ASEANSAI's organizational capacity during the 2018-2023 period, utilizing Dillen et al.'s (2019) theory of transition from managerial roles to strategic experts and Walters' (2019) theory of organizational capacity development. Employing a qualitative methodology and conducting in-depth semi-structured interviews with 18 individuals from both internal and external ASEANSAI, the study identified several suboptimal aspects in the Secretariat's role and ASEANSAI's capacity development, including human resource management, financial management, and organizational performance stability. The findings suggest that these issues stem from inadequate strategic human resource development, limited financial resources, and external environmental changes such as the COVID-19 pandemic and regional socio-humanitarian issues.

Effect of internal control systems, implementation of good governance and employee competence on financial management performance

Effect of internal control systems, implementation of good governance and employee competence on financial management performance

THE EFFECT OF GOOD CORPORATE GOVERNANCE AND CORPORATE SOCIAL RESPONSIBILITY ON FINANCIAL PERFORMANCE

Companies engage in CSR and GCG activities because they believe it will improve their financial performance. Income uncertainty as an impact of pandemic makes it interesting to examine how company will operate throughout 2019-2021. This study uses data on financial dan sustainability reports from five sectors of manufacturing companies. The proportion of institutional ownership and independent commissioners, as well as the audit quality, are used to calculate GCG. The disclosed activities in SR are measured for CSR. The modified Jones model is used to measure earnings management. ROA, EPS, and Tobin's Q are used to measure financial performance. PLS method and WarpPLS v.8.0 was used to examine the hypotheses in this study. The study’s findings demonstrate that GCG significantly affect financial performance and earnings management. CSR has a substantial effect on financial performance while having no effect on earnings management. Earnings management have no significant effect on financial performance. Meanwhile, earnings management is considered unable to mediate the effect of GCG and CSR on financial performance.

Strengthening Internal Supervision in Improving APIP Capability Achievement at the TNI Inspectorate General

Evaluating APIP capability impacts improving performance and maintaining transparency and accountability standards. Increasing the value of the APIP Capability Model provides a comprehensive framework for analyzing and improving APIP capabilities on an ongoing basis. This study aims to analyze the factors that influence the Government's Internal Supervisory Apparatus (APIP) capability. Analyzing the role of management in achieving the APIP capability level, analyzing the impact of APIP's role in implementing the TNI Government Internal Control System (SPIP), analyzing the importance of APIP capacity building within the TNI, analyzing the relationship between APIP capability and TNI financial management performance, analyzing the impact of the effectiveness of implementing the Internal Audit Capability Model (IACM) in improving APIP capability in the TNI. The steps suggested are a practical analysis of the influence of APIP capability, including management commitment, SPIP improvement, competency improvement, focus on improving financial performance, and implementation of IACM throughout the TNI.

Pengaruh Literasi Keuangan, Inklusi Keuangan Dan Pengelolaan Keuangan Terhadap Kinerja Dan Keberlangsungan Teknologi Keuangan Sebagai Variabel Moderasi

A superior performance in sustainable business can be realized if there are efforts in determining strategy. DKI Jakarta is one of the provinces with a large number of UMKM which has great opportunities to improve the Indonesian economy. This research was conducted to analyze the influence of financial literacy, financial inclusion and financial management on business performance and sustainability with financial technology as a moderating variable. This research is a quantitative research with a sample of 75 UMKM which were then analyzed using the Partical Least Square (PLS) approach. The results conclude that Financial Inclusion has an influence on Business Sustainability, Financial Management has an influence on the performance of UMKM and Financial Management has a positive and significant influence on the Business Sustainability of UMKM.

The influence of corporate social responsibility, investment opportunities, and profitability on tax avoidance

The analysis conducted on the relationship between Corporate Social Responsibility (CSR), Investment Opportunity, Profitability, and Tax Avoidance in Energy Sector Companies listed on the Indonesia Stock Exchange between 2017 and 2021 has yielded significant insights. While the influence of CSR on Tax Avoidance was found to be insignificant, both Investment Opportunity and Profitability demonstrated notable effects, with the latter displaying a negative influence. Furthermore, the combined impact of CSR, Investment Opportunity, and Profitability on Tax Avoidance was found to be substantial, explaining 63% of the observed variance. These findings underscore the intricate relationship between corporate practices, financial performance, and tax management strategies, offering valuable implications for various stakeholders. In light of these conclusions, several recommendations can be drawn. Firstly, collaboration between tax authorities and relevant stakeholders is essential to refine tax policies, integrating sustainability considerations and ensuring transparency in corporate tax practices. Secondly, investors should adopt a comprehensive approach when assessing investment opportunities, taking into account factors beyond financial performance, including corporate social responsibility and tax management strategies. Additionally, companies are encouraged to enhance their disclosure practices concerning CSR activities, thereby promoting greater transparency and accountability. Finally, future research efforts should focus on expanding the scope of analysis across different sectors and incorporating additional variables to deepen our understanding of tax avoidance dynamics in the Indonesian context. By implementing these recommendations, policymakers, tax authorities, investors, and corporate entities can collectively contribute to fostering a more responsible and sustainable business environment.

The Cultural Aspects of Organizations and Their Influence on the Performance of Financial Management in the Regional Government of Jambi Province

The Performance of Regional Financial Management (PKD) holds a crucial objective to ensure the achievement of sustainable development and community welfare through a commitment to the principles of good governance as mandated by Law Number 1 of 2022. The aim of this research is to analyze the extent of the influence of organizational culture on the performance of regional financial management in the Provincial Government of Jambi. A quantitative research method was employed, involving a sample of 445 respondents out of a population of 713 individuals. Data analysis utilized the Structural Equation Model (SEM) LISREL from the collected data through research questionnaires. The results of the study indicate that the path analysis measurement and t-value produce a significant influence of organizational culture on the performance of regional financial management. The dimensions of organizational culture that have the most significant influence are stability and attention to detail. The research findings yield a Standard Financial Performance Transformation Model as a novel discovery, where the performance of regional financial management is determined by the dimensions of stability and attention to detail.

A Comparative Study on Relation Between ROE and Standard Deviation of Public Sector Company National Stock Exchange

This study investigates the relationship between Return on Equity (ROE) and Standard Deviation (SD) of public sector companies listed on the National Stock Exchange (NSE). ROE serves as a measure of profitability, reflecting a company's ability to generate earnings from shareholders' equity, while SD represents the volatility or risk associated with the stock returns of a company. Understanding the interplay between these two metrics is crucial for investors seeking to optimize their investment portfolios by balancing risk and return. Over a five-year period, this comparative study analyzes the ROE and SD of public sector companies on the NSE, aiming to uncover any significant correlations between these metrics. By conducting statistical analysis, including correlation and regression analysis, we seek to identify patterns and trends that can provide valuable insights into the financial performance and risk profiles of public sector companies. The study is motivated by the need to offer empirical evidence and insights that can assist investors in making informed decisions regarding their investments in public sector companies on the NSE. By examining the relationship between ROE and SD, we aim to provide investors with a deeper understanding of the risk-return trade off inherent in these companies, thus enabling them to better manage their investment strategies and portfolios. Through the findings of this study, investors can gain insights into the financial health and risk characteristics of public sector companies on the NSE, facilitating more informed investment decisions. Additionally, the study contributes to the existing body of research on financial performance and risk management in the context of government-owned enterprises, offering valuable implications for both investors and policymakers.

The Role of Operational Performance as a Mediator in the Influence of Supply Chain Management Practices on the Financial Performance of MSMEs

<p><em>Financial performance is a tool for measuring the success of a business. Managers can make appropriate decisions by reviewing the results of the company's financial performance. One of the aspects believed to influence the financial performance of a company is operational performance. Of course, this must be done through supply chain management practices in order to achieve good financial performance of the company. This research aims to determine the mediating role of company operational performance in the influence of supply chain management (SCM) practices on company financial performance. A quantitative approach was carried out by distributing questionnaires to 100 business leaders. Primary data consists of the results of filling out a questionnaire by the business owner. The data collection technique uses a survey method by distributing questionnaires to respondents, namely business owners. The MSMEs in question are 100 MSMEs located in Yogyakarta. Validity and reliability tests are carried out before implementing research analysis techniques. In this research, we examine the effect of SCM practices on financial performance through the operational performance of micro, small and medium enterprises in Bantul Regency, Yogyakarta Special Region (UMKM). The analysis technique uses structural equation modeling-partial least squares (SEM-PLS) with the WrapPLS application. The researchers estimated the results of direct effects and indirect effects. The research results prove that operational performance as a mediator in SCM practices influences the financial performance of the company. Apart from this, it is also proven that supply chain management has influence on operational performance, operational performance has influence on financial performance and supply chain management also has a direct influence on financial performance.</em></p>

Analysis of QRIS Payment System Financial Literacy and Financial Management Performance on the Development of MSMEs

Research purposes This is for analyze use system QRIS payments, literacy finance, performance management. Types of research This is descriptive quantitative, data collection using instrument study with those who have determined based on development theory between variable. Population in research This as many as 85 perpetrators businesses in the district Pandeglang and all over perpetrator as many as 85 business actors were created sample data observation. The data analysis method uses interpretation SPSS statistics 25. Research results show that QRIS, Literacy finance, Performance Management finance No influential or not impact to development MSME income in the sub-district Pandeglang. Recommendation for research Next, you can adding variables like variable satisfaction, attitude in use, motivation usage, and others so that expected results study the later can become donation thoughts and materials consideration so that you can increase use of QRIS. Implications Of these variables, financial literacy has the greatest influence on interest in using QRIS. Therefore, the government needs pay attention to and strengthen policies, especially in the field of financial literacy, as the main factor in increasing the interest of MSMEs and the public in using QRIS as a means of payment transactions.

FAKTOR-FAKTOR YANG MEMENGARUHI KINERJA KEUANGAN

This study was conducted with the aim of obtaining empirical evidence regarding the effect of liquidity, firm size, asset growth, managerial ownership, independent commissioners, and earnings management on the financial performance of manufacturing companies listed on the Indonesia Stock Exchange in 2017 to 2020. Using the purposive method sampling so that the sample used is 40 manufacturing companies that have been selected and the data used for four years is 160 data. This study uses secondary data in the form of financial statements that are processed with Eviews 12 software. The results of this study indicate that liquidity, business size, managerial ownership, and independent commissioners have no negative effect on financial performance, while asset growth has a positive effect on financial performance and earnings management. does not have a positive effect on financial performance.

Determinan Nilai Perusahaan LQ 45 dengan Ukuran Perusahaan sebagai Pemoderasi

This study investigates the role of firm size as a moderating of profitability, leverage on firm value. This study uses Price Book Value (PBV) as a proxy for firm value in LQ45 index companies for the 2017-2021 period which has not been used by previous research. The findings of this study indicate that Return on Assets and Return on Equity as proxies for profitability have no effect on firm value. Then, company size has a significant effect on firm value, while the Debt to Asset Ratio and Debt to Equity Ratio as leverage proxies have no effect on firm value. Firm size can weaken the effect of profitability on firm value. Firm size can also moderate the relationship between leverage and firm value. The findings of this study imply that company size plays an important role in attracting investors, but if it is not accompanied by good financial performance management, it will actually lead to negative perceptions about the company's financial performance.

Analisis Sumber dan Penggunaan Modal Kerja pada PT. BPR Anugerahdharma Yuwana Cabang Ambulu Kabupaten Jember

This research aims to analyze the sources and use of working capital at PT. BPR Anugerahdharma Yuwana Ambulu Branch, Jember Regency 2021 – 2022. The data used in this research are qualitative data and quantitative data from PT. BPR Anugerahdharma Yuwana Ambulu Branch, Jember Regency. The analytical method used is a quantitative descriptive method, namely by analyzing the balance sheet financial report of PT. BPR Anugerahdharma Yuwana Ambulu Branch, Jember Regency in 2021 – 2022 to find out the source and use of working capital. From the results of the analysis it was found that working capital at PT. BPR Anugerahdharma Yuwana Ambulu Branch, Jember Regency experienced an increase of Rp. 158,850,227. Meanwhile, from the report on sources and use of working capital, it is known that the source of working capital is greater than the use of working capital so that the financial management performance of PT. BPR Anugerahdharma Yuwana Ambulu Branch, Jember Regency is getting better.

Spurring SMEs’ performance through business intelligence, organizational and network learning, customer value anticipation, and innovation - Empirical evidence of the creative economy sector in East Java, Indonesia

Several studies have explored firm performance in the post-Covid-19 pandemic era. However, there is not much research to find reports divulging the complex relationship dynamics between business intelligence, organizational and network learning, customer value anticipation, and creative economy-based small-medium enterprises (SMEs) performance in developing countries. This study aims to uncover the complexity of those relationships. The quantitative data were collected from 313 creative economy-based SMEs in East Java, Indonesia. Using PLS-SEM, this study disclosed that business intelligence practices could not directly impact SMEs' performance. Business intelligence will be crucial to SMEs' performance with the support of organizational learning as a mediator. The finding also confirmed the presence of serial mediation of organizational learning and innovation in the relationship between business intelligence and SMEs' performance. However, the role of network learning and innovation is also important, considering their relatively large direct impact on SMEs’ performance. The theoretical implications of this research broke the boundaries of strategic management theory in resource-based view and knowledge-based view in the latest era, where creative economy-based SMEs have been able to mobilize resources to carry out business intelligence to realize innovation and high performance. Further research is suggested to explore the role of business intelligence in promoting specific performance areas, such as marketing performance, financial performance, and human resource management. In addition, it is advisable to choose more specific research subjects, including those in the culinary subsector, and pay attention to other areas, e.g., the demographics of respondents in the model as a control variable.

Enhancing financial performance and risk management in Kazakhstan’s banking sector

This study aims to assess the impact of regulatory compliance on the effectiveness of risk management and the financial performance of Kazakhstan’s banking sector. Applying Structural Equation Modeling (SEM), the study examines data from Kazakhstani banking institutions, revealing the direct and mediated impacts of regulatory compliance on financial performance, with risk management efficacy as a key intermediary. The analysis identifies a significant direct relationship between regulatory compliance and risk management efficacy (coefficient: 0.45, p-value: < 0.001), suggesting that compliance efforts substantially bolster risk management capabilities. The impact of risk management efficacy on financial performance is also notable (coefficient: 0.35, p-value: < 0.001), confirming its crucial role in financial success. Additionally, a direct, though less pronounced, influence of regulatory compliance on financial performance is observed (coefficient: 0.20, p-value: 0.004). The model’s explanatory power is reflected in an R-squared value of 0.248, indicating that it accounts for approximately 24.8% of the variability in financial performance. These findings underline the critical role of regulatory adherence and effective risk management in ensuring financial success, offering strategic insights for banking operations in Kazakhstan.

Review Literature: Analysis of Profitability Ratios and Liquidity Ratios to Assess Financial Performance

This research discusses the analysis of profitability ratios and liquidity ratios to assess financial performance. Research is really needed because calculating ratios is really needed by a company, namely to determine the good and bad performance of a company's financial management. This research uses a literature review method with data and 5 scientific journals that have been reviewed. Based on the results of the analysis of profitability ratios and liquidity ratios to assess financial performance, the analysis of profitability ratios and liquidity ratios shows that the financial performance obtained from these two ratios, overall profitability performance shows good value and satisfactory results, because it is below the industry average and Financial performance is important because it can help measure the efficiency of financial management, support the decision-making process, facilitate future predictions, and enable performance comparisons with other companies in the same industrial sector. By understanding the significance of profitability ratios and liquidity ratios in the context of financial performance, this information can be used as a basis for decision making and evaluating company performance as well as to see the good and bad conditions of financial management by the company and as information on investment considerations in a company's shares.

EKONOMI KERAKYATAN DALAM PERSPEKTIF EKONOMI SYARI'AH

Based on research that has been conducted regarding Tirto Asri's Community-Based Drinking Water and Sanitation Management (PAMSIMAS) in Turunrejo Village, there are several conclusions put forward by researchers, namely as follows:Financial management at KP SPAMS Tirto Asih, Turunrejo Village, Kendal Regency using BOPO ratio analysis shows that financial management performance is less efficient. Because operational costs are incurred for the development of PAMSIMAS and the construction of healthy latrines for village communities who do not yet have latrines.Financial management at KP SPAMS Tirto Asih according to the Islamic Economics perspective is in accordance with the Islamic Economics perspective seen from the work ethic that has been implemented by KP SPAMS. However, when carrying out transactions or loans, they still collaborate with conventional banks.PAMSIMAS Tirto Asih has had a positive impact that has been felt bythe people of Turunrejo Village, starting from the health, socio-cultural and economic aspects. From a health perspective, people get decent and clean drinking water and minimize diarrheal diseases. Meanwhile, from a socio-cultural perspective, by building healthy latrines in every house, it has become a culture of the village community to no longer defecate in the open (BABS) and live a healthier life. Apart from that, the most important thing is from an economic perspective, if village people live healthily, it will increase family productivity, which in turn will increase the community's economic capacity.

Moving beyond the ‘budget dance’

The annual budgeting process is a valuable opportunity for districts to systematically examine both resource use and programming. They can then use the findings to optimize resource use and improve program efficacy in ways that will lead to increased student achievement. Bo Yan and Thomas Aberli discuss three root causes for districts’ inability to accomplish the goals (reliance on problem-driven needs as the dominant factor of budgetary decisions, disconnect between financial management and performance management, as well as human nature). They propose a cycle-based approach to district budgeting that rests on differentiating investment from operation expenditures.

The Governance of Companies: A Theoretical Analysis “Evidence from the Tunisian Banking”

This article presents a comprehensive theoretical analysis of corporate governance practices, with a focus on the Tunisian banking sector. Corporate governance is an essential aspect of modern business organizations, impacting their overall performance, sustainability, and transparency. By examining the unique case of the Tunisian banking industry, this study aims to shed light on the intricacies of governance structures in a developing economy? Ahmad et al. (2022). The theoretical framework draws from established models of corporate governance, encompassing agency theory, stakeholder theory, and resource dependence theory. The authors analyze the interplay between shareholders, management, and various stakeholders in shaping decision-making processes, corporate policies, and strategic planning. Employing both qualitative and quantitative research methods, the study delves into the regulatory framework and governance mechanisms adopted by Tunisian banks. By investigating factors such as board composition, executive compensation, and the role of institutional investors, the research provides a nuanced understanding of corporate governance dynamics in the Tunisian context. Furthermore, this article explores the challenges and opportunities posed by the Tunisian banking sector's unique socio-economic landscape. It examines how cultural, political, and institutional factors influence corporate governance practices and impact firms' financial performance and risk management, Chen et al. (2023). The findings of this research contribute to the existing body of knowledge on corporate governance, offering valuable insights for policymakers, regulators, and practitioners seeking to enhance governance practices within the Tunisian banking sector. Moreover, the study's implications extend to other emerging economies, providing a broader understanding of how governance structures can foster sustainable growth and mitigate financial risks in the banking industry. Overall, this theoretical analysis serves as a significant resource for academics, researchers, and professionals interested in the governance of companies, both within Tunisia and beyond, promoting informed discussions and potential improvements in corporate governance practices for the benefit of all stakeholders involved.

Efektivitas Net Interest Margin dan Loan to Deposit Ratio Terhadap Profitabilitas Perbankan

This research examines the effectiveness of Net Interest Margin (NIM) and Loan to Deposit Ratio (LDR) on banking profitability. The study employs a quantitative approach using financial data from a sample of banks over a specific period. Through regression analysis, the study explores the relationship between NIM, LDR, and profitability indicators such as Return on Assets (ROA) and Return on Equity (ROE). The findings suggest a significant impact of NIM and LDR on banking profitability, indicating that these two factors play crucial roles in determining the financial performance of banks. Moreover, the study contributes to the existing literature by providing empirical evidence regarding the effectiveness of NIM and LDR in influencing bank profitability. Understanding these relationships is essential for bank management, policymakers, and stakeholders in making informed decisions related to financial performance and risk management. The results imply that banks should carefully manage their interest margins and loan-to-deposit ratios to enhance profitability and sustain long-term growth. The study underscores the importance of monitoring NIM and LDR dynamics as part of effective banking management strategies