Financial Management Policy Research Articles

The Effect of Financial Innovation, Risk Management, and Monetary Policy on the Stability of Fintech Startup Companies in Jakarta

This study investigates the effects of financial innovation, risk management, and monetary policy on the stability of fintech startup companies in Jakarta. Using a quantitative approach, data were collected from 35 fintech startups through structured questionnaires with responses measured on a Likert scale of 1-5. Data analysis was conducted using SPSS version 25, employing correlation and multiple regression analysis. The results reveal that financial innovation is the most significant predictor of fintech stability, followed by risk management and monetary policy. The combined influence of these factors explains 74% of the variance in fintech stability. These findings underscore the importance of integrating innovation with robust risk management practices and aligning operations with macroeconomic trends for sustained stability. This research provides valuable insights for fintech stakeholders and policymakers to foster resilience and growth in the rapidly evolving financial ecosystem.

Peran Sekretariat Badan dalam Pengelolaan Keuangan dan Aset Daerah: Sekretariat Bkad Kota Medan

The purpose of this study is to find out what the role of the agency secretariat is in the management of regional finances and assets. In this study, the author uses a qualitative method with a descriptive approach. The BKAD Secretariat can be interpreted as a supporting unit that provides administrative and technical services to all parts of BKAD. The results of this study show that the Secretariat of the Regional Financial and Asset Management Agency (BKAD) plays a role as a unit responsible for coordinating and implementing regional financial and asset management policies. This role includes budgeting, supervising fund allocation, and managing and maintaining regional assets. The effectiveness of the BKAD Secretariat is very important in ensuring that the management of regional finances and assets is carried out appropriately, in accordance with laws and regulations, and transparently. In addition, the importance of communication between teams in every implementation of various activities or work of an organization.

The Effect of Trading Volume Activity, Profitability and Solvability on Stock Returns

This study aims to obtain empirical evidence regarding the effect of trading volume activity, profitability and solvency on stock returns. This study analyzed 122 samples of banking companies listed on the Indonesia Stock Exchange for the 2019-2022 period. The samples were selected through purposive sampling method and analyzed using multiple linear regression. The results of the study indicate that trading volume activity has no effect on stock returns, profitability has a positive effect on stock returns and solvency has a negative effect on stock returns. The theoretical implications of this study are able to confirm the signal theory based on the hypothesis tests conducted. The practical implications of this study provide knowledge and can be used as consideration for companies regarding financial management policies and as considerations for investors regarding investment decision making

Determinants of Students' Decisions to Use Paylater Digital Financial Products

The use of digital financial technology is increasingly widespread among society, especially among students who are digitally active. One product that is increasingly popular is PayLater. This research aims to analyze the influence of digital financial literacy, lifestyle, social influence, and ease of use on the decision to use PayLater among students in Malang City. The t test is used as a data analysis method. The unit of analysis in this research is students who live in Malang, totaling 106 respondents. The research results show that digital financial literacy, lifestyle, social influence, and ease of use influence students' decisions to use digital financial products such as PayLater. It is hoped that this research will provide a deeper understanding of the factors that influence the use of PayLater among students and the implications for future financial management policies and practices.

Financial Management of the Regional Public Service Agency at Puskesmas in Sumbawa District

The Local Public Service Agency is part of the local government unit, with a legal status not separate from the local government, which has a flexible financial management pattern in the form of flexibility to apply fair business practices to improve and develop services, as an exception to the provisions of financial management in general. The flexibility of financial management includes revenue and expenditure management, cash management, debt management, tariff determination, employee procurement, procurement of goods and services, and investment management. The pattern of flexible financial management still refers to the regulations that have been set, namely the Sumbawa Regent Regulation Number 5-year 2020 concerning guidelines for financial management of the regional public service agencies within the Sumbawa government. Regulations or policies that have been established by the Sumbawa Regency government to be implemented and adhered to in implementing BLUD financial management policies at Puskesmas are expected to improve and develop health services with transparency and accountability. Based on the description, the research problem is how far is the financial management of the Regional Public Service Agency (BLUD) at Puskesmas in the Sumbawa Regency region based on the Sumbawa Regent Regulation Number 5 of 2020 concerning guidelines for financial management of regional public service agencies within the scope of the Sumbawa Regency. Researchers used a qualitative descriptive method approach using interview and observation tools to collect data both directly and through document review. The data obtained were analyzed using Likert scale categorization, which consists of Very Good, Good, and Less Good. The findings of the research provided an overview that public policy evaluation is closely related to the level of compliance and readiness of Human Resources in conducting the financial management of the Regional Public Service Agency (BLUD) at Puskesmas in Sumbawa. The results of this study can complement Wiliam Dunn’s opinion or theory on public policy evaluation to emphasize the level of compliance and readiness of Human Resources in conducting public policy evaluations, which not only focus on the values and objectives but also the targets of a policy. Keywords: regional public service agency, policy evaluation, financial management

Financial literacy and small and medium enterprises performance: the moderating role of financial access

Purpose The current study examines the relationship between financial literacy and small and the performance of medium enterprises (SMEs), focusing on the moderating role of financial access. Design/methodology/approach The population of this study consists of present SMEs in Kuwait, from whom a sample of 155 businesses was chosen. This study adopted a cross-sectional time frame and analyzed the collected data using partial least square structural equation modeling, and Smart-pls 4 software was applied for calculation. Findings This research reveals that financial literacy significantly influences SME performance, consistent with previous studies, showing that higher financial literacy promotes entrepreneurs' financial management capabilities and enhances business outcomes. Also, the study supports that financial access significantly moderates this relationship, pointing out that adequate access to financial services boosts the benefits of financial literacy. Research limitations/implications Major implications of this study compromise the urgent need for customized financial literacy programs and policies promoting financial thoroughness, particularly in enhancing economies. The study recognizes limitations such as its cross-sectional design, small sample size and reliance on self-reported measures, suggesting further research use longitudinal approaches, a larger sample and objective measures. Practical implications The authors’ recommendations contain comprehensive financial literacy training, development of targeted financial education initiatives, promotion of sound financial management practices and policies to enhance financial access and inclusion, all aimed at boosting SME performance and contributing to economic growth. Originality/value To the best of the authors’ knowledge, this study is Kuwait’s first of its sort. Thus, the research is even more critical in Kuwait, where social and corporate values differ significantly. Therefore, this study aimed to investigate the relationship between financial literacy and the performance of Kuwait’s SMEs moderated by financial access.

Financial Management Policy and Governance for the Preservation of the UNESCO World Heritage Site in Malaysia as a Tourism Attraction

Tourism in developing countries especially in Malaysia faces challenges between economic development and sustainable tourism, especially in promoting heritage assets and sites. A comprehensive policy together with proper governance needs to be revised to tackle this issue. It is necessary to analyze and understand the current policy and propose how the Malaysian government can establish a comprehensive method of managing heritage assets in Malaysia through sustainable UNESCO world heritage tourism. This study urges the proposed benchmarking study on Malaysia”s documentation (to be compared to Indonesia) to assess the adequacy of the policy and governance in preserving the UNESCO world heritage site in Malaysia (Lenggong Valley).

Legal Problems in Regional Financial Management Policy in Central Sulawesi Province

Legal Problems in Regional Financial Management Policy in Central Sulawesi Province

Navigating the Nexus of Tax Avoidance and Strategic Planning: Insights and Strategies

Tax avoidance and tax planning are two concepts often discussed in the context of corporate governance, financial management, and government fiscal policy. While both aim to minimize tax liabilities, they differ significantly in their legality, ethical considerations, and long-term implications. Tax planning involves strategic decisions within the bounds of tax laws to optimize tax efficiency, ensuring compliance while maximizing benefits for stakeholders. In contrast, tax avoidance exploits loopholes or ambiguities in tax laws to reduce tax burdens, sometimes pushing the boundaries of legality and ethical standards. This abstract explores the distinctions between tax planning and tax avoidance, their impacts on financial transparency, corporate social responsibility, and regulatory responses worldwide. Understanding these distinctions is crucial for policymakers, corporations, and taxpayers navigating the complexities of modern taxation systems. This paper is a humble effort to understand the concept of ‘Tax Evasion’ and ‘Tax Planning’ difference between these two concepts. It also explores how can existing legal aids be made more accessible and reap better results.

Financial Management Policy and Governance for the Preservation of the UNESCO World Heritage Site in Malaysia as a Tourism Attraction

Financial Management Policy and Governance for the Preservation of the UNESCO World Heritage Site in Malaysia as a Tourism Attraction

The Influence of Financial Management Policy and Financial Performance on Company Value

The purpose of this study is to see and analyze the influence of financial performance and management policies of the Company on the value of the company. This study conducted a literature review on ten research articles that discuss the Company's financial performance and management policies of the company. This study found that any measuring instrument and ratio that has been used by previous studies to measure the company's financial performance is the financial ratio. From several previous studies, financial ratios include liquidity ratios, profitability, solvency, and activity. The results of this study are, This study shows that investment decisions, capital structure, dividend policy, and financial performance such as profitability and efficiency have an effect on company value.

Fiscal Independence of the Regional Government of Kupang Regency in the Implementation of Regional Government Affairs

The financial performance of the Kupang Regency regional government is important information in making regional financial management policies. One tool for analyzing local government financial performance is by analyzing financial ratios. This research aims to analyze the fiscal independence of the Kupang Regency regional government in 2017-2021. This research is a case study research conducted at the Regional Financial and Asset Management Agency. Data collection using interviews and documentation The results of the research show that the degree of fiscal decentralization over the five year period (2017-2021) is on average 7.5% and Fiscal Independence is on average 6.52% which based on the criteria is categorized as very low This means that regional financial capacity to finance its activities is still very lacking and is dependent on the central government.

INFLUENCE OF FINANCIAL INCLUSION ON WOMEN EMPOWERMENT: A STUDY WITH REFERENCE TO SELF-HELP GROUPS IN SPS NELLORE DISTRICT, ANDHRA PRADESH

Learning from Bangladesh's experience, India has made significant progress in expanding the reach of microfinance institutions to support the economic development of disadvantaged women. To provide women with financial independence, self-respect, and respect for their role in society, the government has attempted to distribute the money through a variety of methods, including self-help groups and bank loans. Reserve Bank of India and NABARD has also implemented various financial management policies to ignore and neglect section of women by considering the importance of financial inclusion in the country's economy. A review of literature is a critical, in-depth evaluation and integrating the earlier research studies and it is an important step in understanding the research. In this regard, various secondary sources are reviewed such as theses, books, research articles, and abstracts, etc. The main objective of the study is to analyze the influence of financial inclusion on women's empowerment. The sampling frame is the rural and urban areas in Nellore district which is comprised of 5 revenue divisions and 47 mandals. The calculated sample size is 384. Hence this study has rounded off the sample size to a higher number considering 400 as the sample size of the study. Quota sampling has been adopted to collect the necessary data. Both primary and secondary data have been collected for the present study. The study has designed a structured questionnaire for collecting the perspectives and opinions of women that will be subjected to statistical analysis. The collected data was tested through quantitative metrics to give a scientific touch to the data like the Simple Percentage method, Factor Analysis, Weighted Mean, Cronbach's Alpha, Correlation, Regression, ANOVA, and t-test. The correlation coefficient values between financial inclusion and Economic Empowerment, Social Empowerment and Political Empowerment are +0120, +0.118 and +0.192. It shows a significant positive relationship between financial inclusion with Economic Empowerment, Social Empowerment and Political Empowerment. Hence, the alternative hypothesis is accepted.

Financial Risk Management of FK Coal Group: Basis for Policy and Strategy Formulation

This study delves into the financial risk management of FK Coal Group in China, focusing on aspects such as credit risk, liquidity risk, stability risk, and profitability risk. The research aims to provide a comprehensive profile of FK Coal Group, including its organizational structure, years in operation, number of employees, geographical scope, and asset size as of 2022. The financial risks are primarily associated with debt payments, asset management, the company's capacity to meet expenses, and production costs and outputs. The financial risk management process encompasses risk identification, analysis, evaluation, and treatment. Challenges are encountered in each phase, such as uncertain adverse events, risk assessment accuracy, risk mitigation strategies, and risk reduction and avoidance measures. The survey results from the employees of FK Coal Group reveal that it is a state-owned enterprise with a long operational history, a substantial workforce, and strong assets, primarily operating in the domestic and international markets. The study underscores the critical role of financial risk management in ensuring the company's operational continuity and competitiveness. Effective risk planning and monitoring are highlighted as crucial elements to improve profitability and prevent excessive spending or losses. The proposed financial risk management policy or strategy aims to address these challenges comprehensively, focusing on proactive risk identification, thorough risk analysis, robust risk evaluation, and appropriate risk treatment strategies to minimize adverse impacts on FK Coal Group's financial health and performance.

DAMPAK AKUNTABILITAS, TRANSPARANSI PENGELOLAAN FISKAL DAN KEBIJAKAN DESA TERHADAP KESEJAHTERAAN MASYARAKAT DI KECAMATAN ULEE KARENG KOTA BANDA ACEH

This investigation examines the impact of accountability, transparency in village financial management, and village policies on community well-being in Ulee Kareng District, Banda Aceh City, both partially and together. The research was conducted quantitatively. Multiple linear regression analysis was performed using SPSS 25. Primary and secondary data are used in this research. The questionnaire was used to collect data. This research included 36 village officials, consisting of 4 heads, secretary, finance and welfare from 9 villages in Ulee Kareng district. IThis investigation demonstrated that community well-being is partially influenced by three factors: accountability in village financial management, transparency in village financial management, and village policy. Community well-being in Ulee Kareng District, Banda Aceh City is also affected by accountability, transparency in financial management and village policies.
 

Assessing the Impact of Language Use on Financial Management Practices in Zimbabwean Schools: A Study of Kwekwe District

The purpose of this study was to investigate the linguistic accessibility of financial management policies and practices in documents in Zimbabwe’s education system. The study was guided by two research questions: how does English become a barrier to financial management policies in Zimbabwe? What strategies can Zimbabwe use to solve language related barriers to financial management policy implementation in the Zimbabwe education system? The study adopted a qualitative research approach. The research population was school heads, teachers, school inspectors, accountants, auditors and treasurers of development committees. The sampling technique was purposive sampling. The sample size was 19. The data was analysed using thematic approach. The study illustrated that finances are mostly mismanaged and language barrier is one of the reasons as interpretation of some English concepts become a barrier leading to financial malpractices. Additionally, the study found out that the use of the colonial language English as the legal and official language for government financial management documents in schools was one of the barriers to effective use of documents to guide financial management and practices in schools. The documents should be written in local languages for better understanding of the financial documents so as to put up to ideal financial practices. The study recommends linguistic accessibility of language used to write policy documents through training, simplification of the documents and use of local vernacular language when writing the documents as a strategy to promote effective use of policy documents in schools.

Upgrading Financial Literacy of the Community and Entrepreneurs in the Face of Inflation through Writing and Publishing Articles on Kumparan

This community service activity discusses the importance of financial literacy in managing company finances effectively, especially in the face of inflation. In the era of globalization and rapid economic change, people and entrepreneurs are required to have adequate knowledge and skills in facing these financial challenges. Community service activities are explained as an effective method to improve their financial literacy in the face of inflation. The method of community service activities includes three concrete steps. First, the identification of financial literacy needs is carried out through a literature review to understand economic conditions, financial literacy information, and challenges faced by the public and entrepreneurs in facing inflation. Second, the writing and collection of previous articles and textbooks is carried out in a language that is easily understood by the general public and contains relevant information and workable solutions. Third, these articles are published in popular online media such as Kumparan to facilitate public access to information and knowledge about financial literacy. In the results and discussion section, financial literacy needs were identified based on the level of understanding of financial management policies, awareness of the importance of financial literacy, information and education needs, and availability of resources. Furthermore, it describes financial management policy steps that can be taken in dealing with inflation, such as financial risk identification, financial risk analysis, planning responses to risks, implementing these responses, and evaluating implementation results. The discussion also emphasized the importance of monitoring the company's financial performance through financial ratios. The closing of the article provides suggestions for further community service activities. Overall, this activity underscores the importance of financial literacy in the face of inflation and provides practical guidance for entrepreneurs and the public in managing company finances.

Policy Formulation of Financial Management Patterns With Sharia Principles in Bogor City Hospital

Good financial management by minimizing findings is determined by the selection of the right model. This study aims to develop a policy formula for financial management patterns with Sharia principles in the Bogor City Regional General Hospital. The qualitative research method uses the decision-making method with Analytic Network Process (ANP) to determine the financial management policy model with Sharia principles. This research was conducted through interviews and focus group discussions. The results obtained show that the Islamic financial management model, in part, has the highest priority with cluster restrictions reaching 0.191007. So that the chosen Islamic financial management formula is financial management with partial Islamic principles. This research provides a new breakthrough regarding the application of Sharia policy. The application of Sharia can be carried out in stages with the Sharia model in advance. This will have an impact on the ease of implementing Sharia because it does not need to be full of all the difficulties. Partial implementation of Sharia is still considered a strong enforcement effort to step up to become perfect Sharia.

Eliminating the effects of external environmental factors to improve the analysis of local government financial condition: a study in Indonesia

ABSTRACT This article proposes an approach to the assessment of the financial condition of local governments by eliminating uncontrollable external environmental factors using cluster analysis. The author found seven clusters of provincial government, 13 clusters of regency government, and seven clusters of city government in Indonesia. The article provides evidence that clustering local government increases the effectiveness of analysis of financial conditions. The academic contribution of this article is generating cluster variables that are more comprehensive and relevant than those presented in previous studies. In addition, findings of this study can be used by authorities to develop local government financial management policies that are fairer.

Analysis of the Implementation of Financial Management Policies and Their Effect on Company Value

The rapid development of technology is in line with the rapid business competition, so that companies are required to continue to improve company performance by maximizing value. This discussion has the benefit of having an impact on financial management policies on firm value. This discussion use quantitative research methods, financial management policies are wearing measurements were carried out the ratio of capital expenditure to the book value of assets while the company value is proxied by ROE. The method of collecting data is carried out using the library as well secondary data on the BEI website. The population at this discussion is a bank company listed on the IDX during the period 2019-2022 period. 96 sample used using purposive sampling technique. Data collection obtained were then wear analysis was carried out multiple linear regression analysis. The results of this research show that there is stewardship that is significant between money management policies variables on firm value.