Financial Perspective Research Articles

Performance Analysis of the Regional Public Service Agency (BLUD) of the Tanara Health Center, Serang Regency using the Balance Scorecard Approach

This study aims to analyze the performance of the Regional Public Service Agency (BLUD) at the Tanara Community Health Center in Serang Regency using the Balance Scorecard approach. The Balance Scorecard emphasizes the importance of balancing various aspects such as financial and non-financial, short-term and long-term, as well as internal and external factors. The performance analysis of the BLUD is viewed from four perspectives: growth and learning, internal processes, customer satisfaction, and financial perspectives. This research adopts a quantitative approach. Data collection is conducted through surveys to gather insights into the growth and learning perspective, the internal process perspective, and the customer satisfaction perspective. Secondary data is used to analyze the BLUD's performance from the financial perspective. The results of this study indicate that the health center has not yet met the target scores set by the government. Although some indikators have been achieved, there is still a need for improvement, particularly in internal processes and customer satisfaction. To enhance the performance of the BLUD at this health center, integrated efforts are required, such as improving services and internal processes as well as fostering innovation.

Exploring the influence of financial development on climate physical risk: insights from China

ABSTRACT Introduction: Currently, extreme weather events and natural disasters are occurring frequently, and countries around the world are facing a variety of physical climate risks. More and more countries are attempting to embed financial tools into the process of climate risk governance. However, the financial strength of developing countries is insufficient to enhance regional resilience to physical climate risks. Moreover, existing literature mainly focuses on the impact of financial development on greenhouse gas emissions, neglecting its crucial role in adaptation. Discussion: The present study enriches people's understanding at the national level of whether and how financial development is affected by physical climate risks. Additionally, it provides significant reference for financial reforms and physical climate risk governance in other countries and regions from the perspectives of inclusive finance and green finance, utilizing econometric methods. Conclusion: (1) Financial development effectively facilitate the governance of physical climate risk. (2) Green finance and inclusive finance intensify the negative effect of financial development on physical climate risk. (3) Financial development can governance physical climate risk by bolstering technological innovation. (4) Financial development significantly promotes physical climate risk governance only in regions with large populations, resource abundance, well-developed insurance sectors, and strong governmental intervention.

Household Energy Clean Transition Mechanisms under Market Failures: A Government Financing Perspective

Abstract: Clarifying the principles governing the transition to cleaner household energy is crucial for enhancing households’ access to clean and efficient energy, thereby enhancing households’ welfare and overall societal well-being. However, most existing energy transition theories are grounded in assumptions of perfect market functionality. This paradigm deviates from the reality of market failure and needs to comprehensively elucidate the process of transitioning to cleaner household energy. This study develops a framework for understanding the transition to cleaner household energy within the context of market failure. It investigates the effects and mechanisms of government funding and energy endowment on this transition, considering the accessibility and affordability of clean energy. The analysis is based on 20 years of data on rural energy consumption across 29 provinces in China. The findings reveal that government funding inputs significantly enhance the transition to cleaner household energy, facilitated by the clean energy supply effect, clean technology promotion effect, clean knowledge dissemination effect, and financial constraint alleviation effect. Heterogeneity analysis indicates that in regions abundant in renewable energy, government funding inputs can effectively stimulate the development and utilization of renewable energy sources, thereby enhancing the accessibility of clean energy and driving the transition to cleaner household energy. Finally, it is recommended that the market play a constructive role in the energy transition process in addition to increased government investment in energy infrastructure, extension services, and public education.

Analysis of Transformation from a Financial Perspective - Taking ANTA and Li-Ning as Examples

Analysis of Transformation from a Financial Perspective - Taking ANTA and Li-Ning as Examples

Direct democracy and party behaviour in the Republic of Ireland: a campaign finance perspective

ABSTRACT Studies on the Irish referendum experience have generally accepted that political parties play a fundamental role in the direct democratic process. While this is rarely problematised, parties often campaign in referendums in order to steer them towards outcomes that are strategically beneficial. Contemporary research on Irish referendums has delved into how parties shape their campaigns to achieve these goals, but a more preliminary question is still to be addressed: to what extent do parties participate in referendum campaigns? This paper attempts to do so by examining campaign expenditure, which offers a concrete quantitative indicator for party engagement vis-à-vis referendums. Departing from theory on party behaviour and referendum instrumentalization, the article takes into account Irish regulations on campaign finance before offering a descriptive and explorative comparison of the expenditure of Irish political parties in recent referendum campaigns. Several patterns within the data are then discussed in light of potential influential factors identified in previous scholarly work. Results suggest that a referendum’s topic and its salience in the public sphere, as well as a party’s financial resources and government status, could explain party behaviour in Irish referendum campaigns, and a set of congruent hypotheses for future research are formulated in the conclusion.

Unveiling the Socioeconomic Impact of the COVID-19 Pandemic on Academic Staff: A Qualitative Analysis of Financial Perspectives and Job Satisfaction

Unveiling the Socioeconomic Impact of the COVID-19 Pandemic on Academic Staff: A Qualitative Analysis of Financial Perspectives and Job Satisfaction

Analisa Faktor Yang Mempengaruhi Financial Sustainability Ratio Sektor Perbankan Di Bei Periode 2019-2022

Financial Sustainability in banking is one of the important things to measure the bank's sustainability in the future, especially from a financial perspective. The sustainability of the banking sector must be a concern because there are many parties who will have an impact if a bank experiences failure to operate, especially in its finances. This research aims to examine the influence of BOPO, DebtToEquity, ReturnOnAsset, LDR, Directors, Commissioners on the Financial Sustainability Ratio (FSR) in Idx banking sector companies -Ic Period 2019-2022. Sampling was carried out using purposive sampling technique. This type of research uses multiple linear regression methods. The object of this research is the Idx-Ic banking sector financial report for the 2019-2022 period. The research results show that only the Director variable of the six independent variables used has an influence on the Financial Sustainability Ratio (FSR) and the research model is suitable for use. Companies that want to maintain the FSR value should pay attention to the number and selection of directors they have.

Role of Digital Financial Literacy and Digital Financial Behavior on Financial Well-being in Indonesia

In the current digital financial era, this research explores the important and relevant impact of the lack of welfare of Indonesian society in facing digital financial transformation. With the aim of improving people's financial welfare, this research focuses on digital financial literacy and digital financial behavior. Using the Theory of Planned Behavior (TPB) from a financial perspective, this research seeks to provide an in-depth understanding of how digital financial literacy and digital financial behavior can help improve people's financial welfare. This research uses a quantitative approach by distributing questionnaires to workers in JABODETABEK. This research model uses Partial Least Square - Structural Equation Modeling (PLS-SEM) via the SmartPLS application. It is hoped that the research results can help the government, practitioners or policy makers in improving the financial welfare of the Indonesian people. The findings in this study show that workers in the JABODETABEK area that DFL influences DFB and FWB FS. Then DFB influences FWB FS. However, DFL has no effect on FWB FA and DFB FA.

Descriptive Study of Government Expenditure & Poverty Reduction in South Halmahera, Indonesia (Maqashid Sharia Approach)

AbstractGovernment intervention plays an important role in reducing poverty in South Halmahera as an antithesis to when market mechanisms fail to distribute wealth. From the Islamic public finance perspective, the ulil-amri (the government) plays a central role in managing public budget and is subject to the sharia value system. This research descriptively explores how the SH government manages its expenditure side for poverty alleviation and tries to conceptualize direct spending using the 2019 APBD(The Regional Revenue and Expenditure Budget) sample with the maqashid sharia approach. The results show that government spending brings benefits to the poor, but unfortunately an increase in spending does not always reduce poverty. During the COVID-19 pandemic, budget refocusing was quite successful in reducing poverty. Meanwhile, the expenditure allocation according to the maqashid sharia indicator has reached 69% of the total direct expenditure, although the expenditure allocation for religious protection received the smallest portion, 0.42%. Keywords:Poverty, Government Expenditure, Budget Refocusing, Maqashid Sharia

Taxing Times: Assets and Liabilities of the United Arab Emirates’ Corporate Tax Reform for the Financial Sector

The introduction of corporate taxation in 2022 and accompanying reforms are changing the paradigm of doing business in the United Arab Emirates and its free zones. The players in the UAE financial sector – foreign banks and their branches, investment funds and managers, fintech startups and others – are faced with increased compliance and other costs, but there are also many opportunities to seize for those in the know. This article provides an overview of UAE corporate tax reform with the financial sector perspective in focus and ends with key takeaways and steps to take to stay on top of them.

Problems of the Organic Agricultural Production Development as Threats to Ukraine's Economic Security

Purpose: The research is aimed at the mechanisms of solving the identified problems in the development of organic agricultural production against the background of the ongoing Russian invasion. Taking into account the need to increase the volume of such output in response to the demands of world markets, the development of state stimulation tools that have been tested in the EU to help achieve both the individual Sustainable Development Goals and to strengthen the components of Ukraine's economic security, which are currently under constant attack. Design/Method/Approach: Based on the data of the Research Institute of Organic Agriculture (FiBL), Diia Business, OrganicInfo, and World Bank, we used economic and statistical methods: average, relative values of dynamics, structure, coordination, Le Masne similarity index, Herfindahl-Hirschman concentration index, non-parametric criterion for assessing the tightness of the connection (Spearman's rank correlation coefficient) and graphically depicted the obtained results. Findings: Ukrainian organic production is characterized by imbalance and weak diversification. In 2021, 96.85% of the area of domestic crop production was allocated to the cultivation of grain and oil crops. In 2022, the volume of sales of organic products in the domestic market of Ukraine fell by almost half (-48%). Unlike in European countries, organic products are not a priority for retail trade in Ukraine. The hypothesis about the non-randomness of the correlation between the consumption of organic products and GDP per capita was confirmed: with a probability of 99.9%, there is a direct and strong (0.86) correlation between the indicators. Theoretical Implications: The work identifies the current problems of organic agricultural production and possible ways to solve them, in particular, based on state incentive mechanisms approved in the EU, the introduction of which will strengthen the economic security of Ukraine. Practical Implications: Calculations prove that the reorientation of the Ukrainian producer to the domestic consumer is not a solution to the problems associated with blocking the export of Ukrainian agricultural products until the level of GDP per capita is similar to European indicators. Originality/Value: The development of organic production is one of the priorities of the agricultural policy of the EU from the financial perspective of 2021-2027. It is a direction for realizing Ukraine's competitive advantages against the background of the ongoing Russian invasion. Research Limitations/Future Research: In further research, it is advisable to compare the development trends of Ukrainian organic production with European ones since this article focuses on internal problems. Paper Type: Empirical JEL Classification: Q01, Q14, Q18

Navigating the transition: The impacts of electricity tariff regulation on distributed generation in Brazil

Energy transition presents new challenges in electricity regulation, notably Distributed Generation (DG) tariffs. In Brazil, DG capacity surged 18 times between 2021 and 2023. The impact of recent Brazilian DG legislation (Law 14300/2022; Normative Resolution 1059/2023) on the market remains uncertain. Our analysis, from technical, social, and financial perspectives, focusing on units with up to 5 MW of installed capacity, reveals persisting and increasingly unsustainable cross-subsidy schemes. While new rules mitigate the risk of a “utility death spiral,” misguided regulations may spur DG adoption and hike electricity tariffs. Revising subsidy regulations can mitigate adverse social and financial repercussions.

Pengaruh IPM dan Kemandirian Keuangan Terhadap Financial Sustainability Pemerintah Kota Yogyakarta

This research aims to examine the factors that influence Financial Sustainability in the Yogyakarta City Government. The factors chosen from a financial perspective are financial independence and a social aspect, namely the HDI or Human Development Index of the Yogyakarta City Government. The research sample used was the HDI and Financial Independence of the Yogyakarta City Government in 2014 - 2022. The data analysis method used was SPSS version 27. Based on the research results, it can be partially concluded that the HDI (Human Development Index) has no effect on Financial Sustainability. Meanwhile, Financial Independence partially influences Financial Sustainability. Simultaneously, the HDI (Community Development Index) and Financial Independence have a significant effect on the Financial Sustainability of the Yogyakarta City Government.

Pengenalan Balanced Scored sebagai Organisasi Bisnis

Performance measurement is an essential thing for a company. To become the winner in this global competition world, the company has to show a performance improvement from period to period. Recently, financial performance measurement is not enough to reflect the real business performance. That why Kaplan developed Balanced Scorecard Concept. The Balanced Scorecard Concept measure the organization’s performance through four perspectives that are the financial perspective, customer perspective, internal business process perspective and learning and growth perspective. In dead, the Balanced Scorecard Concept is a concept in translating strategy into action to achieve organization’s gool in the long term. The action is measured and controlled continually. This article count on the implementation of the Balanced Scorecard Concept in some companies in USA. Many problems a difficulties which occur on the implementation of the concept could became opinion and suggestions for some companies who want to implement the Balanced Scorecard. However, Balanced Scorecard will help organizations (companies) to measure their performance more comprehensive and accurate.

Balanced scorecard approach to measuring the performance of a non-profit organization: Case study on a Waqf-based Pesantren in Indonesia

This study explores how the Balanced Scorecard is useful to investigate its application in non-profit organizations, particularly in Waqf-based Pesantrens. The Balanced Scorecard considers four aspects: financial, customer, internal business, and growth and learning. The financial perspective relied on the institution’s annual report, while customer perspectives were collected via a questionnaire distributed among 100 individuals who regularly contribute to the charitable organization. Data used to evaluate learning performance, growth, and internal business came from Pesantren directors and managers through stakeholder interviews. The results demonstrate that, among these aspects, the customer perspective holds the most significance for non-profit organizations such as Waqf-based Pesantren institutions, receiving the highest score of 43. Next comes the financial aspect with a score of 21.86, while growth and learning and internal business share a score of 20 each. This emphasizes the crucial role of prioritizing the needs of customers in the strategic planning of non-profit organizations, specifically in Waqf-based Pesantren institutions. The results contribute insights for these organizations to enhance their strategic management practices by emphasizing the importance of the customer perspective in their decision-making processes.

Evolution of Biodiversity Protection in the Framework of European Common Agricultural Policy

The Common Agricultural Policy has undergone continuous evolution over the years, moving from a narrow, production-oriented approach to an agriculture with holistic approach, in which agricultural activity is intended to be treated having harmonious and sustainable utilization and rational management of natural resources and components of nature. The goal of protecting biodiversity within the Common Agricultural Policy becomes increasingly visible with each successive financing period; yet its fulfilment encounters numerous difficulties, primarily due to the resistance of Member States to introducing far-reaching changes, as well as due to the resistance of agricultural environments considering the indicated changes as striking their interests. The aim of this article is to evaluate the legal solutions adopted within the framework of the Common Agricultural Policy, both in its initial period of validity and the period commencing from year 2000, when the focus on environmental issues became significantly more prominent. This article also evaluates the currently applicable financial perspective in the context of its potential for protecting biodiversity in agricultural activities.

Analisis Biaya Operasional Alat Berat pada Pekerjaan Timbunan

Heavy equipment plays an important role in construction work, especially road construction work. The advantage of using heavy equipment is that it can get the job done faster. Improper use of heavy equipment will cause losses, so an analysis of operational costs is very necessary. Accurate and complete calculation of heavy equipment operational costs will help companies to make decisions, especially from a financial perspective. The purpose of this study was to determine the analysis of the operating costs of heavy equipment, and to know the proper and proper handling of heavy equipment. Cost analysis on heavy equipment is expected to provide benefits to be able to plan heavy equipment management in a coordinated, effective and sustainable manner. This research was conducted on the project Peningkatan Jalan Alun-Alun Suka Makmue-Jalan Lingkar Timur Ibu Kota Tahap II which is located in the district Nagan Raya. This study uses a qualitative method with a descriptive approach, namely research that seeks to describe problem solving based on data that will be obtained in the field. This research was conducted on four types of heavy equipment, namely excavators, motor graders, vibrator rollers and water tanker trucks. The results of the calculation of the operational cost analysis of excavator heavy equipment Rp. 738,617 per hour, motor grader Rp. 572,401 per hour, vibrator roller Rp. 499,735 per hour and water tanker truck Rp. 348,859 per hour. From the results obtained, it shows that for heavy equipment excavators and motor graders there has not been a return on capital, while for heavy equipment vibrator rollers and water tankers there has been a return on capital. So for heavy equipment, vibrator rollers and water tanker trucks, it is feasible to replace them with new tools

Impact from a Financial Perspective on Retailing, Luxury, and Technological Companies that COVID-19 Caused and How It Continues

Impact from a Financial Perspective on Retailing, Luxury, and Technological Companies that COVID-19 Caused and How It Continues

Integration of balanced scorecard and analytical hierarchy process to measure the performance of supporting unit in aircraft maintenance service companies

Dynamic and challenging business environment in the aircraft maintenance services industry require company to survive and ensure business continuity. To realize effective performance, performance measurement is needed as a management system for managing and controlling performance. The purpose of this research is to measure the performance of supporting unit at PT. XYZ by using balanced scorecard framework that is integrated with AHP. The steps in this research includes identification strategy objective, identification key performance indicator (KPI), design and measure performance using integrated balanced scorecard and AHP. The method used in this study combines quantitative data with the Analytical Hierarchy Process (AHP) approach. The AHP method is used for KPI weighting. The design of KPI weights for each perspective in balanced scorecard are 42,3 % for the learning and growth, 33,5% for internal business process, 17,3% for financial, and 6,8% for the customer perspective. The results of supporting unit performance show the lowest score in the learning and growth perspective with average performance indicator, while in internal business process, financial and customer perspective have good performance indicator. The result of measuring total performance of four perspective are 74,5% which indicates that the performance of PT.XYZ’s BSC is in the good enough category.

Internal and External Processes Improvement, a New Dimension of Balance Scorecard and Its Impact on Organizational Performance

Abstract When talking about performance, financial aspects come first. Besides that, when organizational performance is the main subject, redesign of the processes, inputs and outputs analysis are various aspects taken into consideration. Financial indicators such as return of investment and earnings per share are no longer enough. Nowadays, process measurement, change management initiatives, risk analysis, stakeholder engagement, innovative financial measures, people learning and development, organizational culture orientation toward global trends, as well as KPI’s commitment are dimensions and future perspectives of the new approach of organizational success. This research will present the way an instrument as Balance Scorecard can secure competitive advantage and improve organizational performance by linking strategic goals, operational performance indicators and stakeholder’s enlarged participation. The research methodology questioned the perception related to balance scorecard main directions within companies belonging on the automotive and manufacturing industry. The four dimensions of Original Balance Scorecard model – financial perspective, customer perspective, internal business perspective and innovation and learning perspective – applied at all levels within the organization generate better measurable results, with a positive impact on people engagement and responsibility. The new proposed dimension, stakeholders’ participation gives substance on organization’s way of defining its purpose on the societal market that it belongs to.