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Effective Financial Management Strategies to Improve MSME Performance Hasanudin Hasanudin
Journal of Economics and Business (JECOMBI) Vol. 3 No. 03 (2023): Journal of Economics and Business (JECOMBI) : May 2023
Publisher : SEAN Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58471/jecombi.v3i03.60

Abstract

The purpose of this research is to find and analyse efficient financial management solutions for improving the performance of Micro, Small, and Medium Enterprises (MSMEs). A qualitative approach was adopted, utilising in-depth interview techniques and participant observation as a data gathering instrument. The research subjects were owners and managers of SMEs who have improved their financial performance in the previous three years. According to the findings of the study, there are three effective financial management strategies: (1) locating appropriate funding sources, (2) producing accurate budgetary reports, (3) managing capital structure, and (4) performance management. These techniques can assist MSMEs in improving their financial performance and dealing with the challenges of a complicated and changing business environment. This study is expected to contribute to the advancement of MSME financial management theory as well as provide practical recommendations to MSME owners and managers on how to enhance their financial performance.
Applying the Principles of Good Corporate Governance in Corporate Financial Management Hasanudin Hasanudin
MAR-Ekonomi: Jurnal Manajemen, Akuntansi Dan Rumpun Ilmu Ekonomi Vol. 1 No. 02 (2023): Jurnal Manajemen, Akuntansi dan Rumpun Ilmu Ekonomi (MAR-Ekonomi), April 2023
Publisher : SEAN Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58471/mar-ekonomi.v1i02.115

Abstract

This study aims to analyze the application of the principles of Good Corporate Governance (GCG) in corporate financial management. The method used in this research is descriptive qualitative research. The results of the research GCG principles that are applied are transparency, accountability, independence, and corporate social responsibility which have an impact on company management where 1) the principle of transparency refers to the openness and clarity of information provided by the company to stakeholders, 2) The principle of accountability emphasizes the importance company to be responsible for policies and actions taken in managing company finances, 3) The principle of responsibility emphasizes the importance of companies to pay attention to the interests of all stakeholders in making decisions and policies, 4) The principle of independence emphasizes the importance of companies to avoid conflicts of interest and maintain independence in decision making decisions, and 5) the principle of fairness emphasizes the importance of fair and equal treatment of all company stakeholders. The implication of this research is that companies must apply GCG principles in their financial management to achieve long-term success.