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DOES GOVERNANCE MATTER? THE CONDITIONAL IMPACT OF FISCAL DECENTRALIZATION ON PUBLIC WELFARE Dwipatna, I Made Jyotisa Adi; Andriani, Shadry; Regina
Buletin Studi Ekonomi VOLUME.31.NO.01.TAHUN.2026
Publisher : Buletin Studi Ekonomi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24843/BSE.2026.v31.i01.p06

Abstract

Fiscal decentralization has been widely implemented in Indonesia with the objective of improving public welfare through greater local autonomy and more responsive public service delivery. Empirical results remain inconsistent, implying that the welfare implications of fiscal decentralization depend on complementary institutional arrangements. This study aims to examine the effect of fiscal decentralization and governance quality on public welfare in Indonesia, as well as to assess whether governance quality moderates the relationship between fiscal decentralization and public welfare outcomes. The study employs a quantitative approach using static panel data covering 29 provinces over the period 2015–2024. A fixed effects model is applied following a series of model selection tests, and mean-centering is used to address multicollinearity arising from interaction terms. The findings from FEM mean-centering (FEM_c) estimation indicate that fiscal decentralization and governance quality each exert a positive influence on public welfare, while the interaction results suggest that better governance strengthens the welfare-enhancing effect of fiscal decentralization. These results highlight that the benefits of fiscal decentralization are conditional upon institutional quality rather than automatic. The study contributes to the literature by integrating governance quality as a critical moderating factor, expanding existing theoretical frameworks on fiscal decentralization. It underscores that enhancing governance capacity at the local level is essential for ensuring that fiscal decentralization effectively improves public welfare in Indonesia.
Strategic Financial Decision dalam Ketidakpastian Bisnis: Studi Kasus PT Japfa Comfeed Indonesia Tbk Regina
Jurnal Ilmu Manajemen, Bisnis dan Ekonomi Vol 3 No 6 (2026): April
Publisher : PT Maju Malaqbi Makkarana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59971/jimbe.v3i6.535

Abstract

This study aims to analyze strategic financial decision-making under conditions of business uncertainty at PT Japfa Comfeed Indonesia Tbk. Economic instability, fluctuating raw material prices, and changes in market demand are the main challenges facing the agribusiness company. The research method used is a quantitative descriptive approach using secondary data in the form of the 2024 financial report. Analytical techniques include financial ratio analysis, risk identification, and evaluation of turnaround strategies. The results indicate that the company has relatively stable financial performance with a Current Ratio of 1.8, a DER of 1.1, and an ROE of 19.4%, reflecting its ability to generate strong profits. However, the company still faces production cost pressures and dependence on raw materials. Recommended strategies include production cost efficiency, product diversification, and operational digitalization. Furthermore, investment decisions in modern technology are considered capable of increasing the company's efficiency and competitiveness. The implications of this study indicate that strategic financial decision-making is crucial for maintaining business sustainability amidst economic uncertainty.
INOVASI SEDERHANA, DAMPAK MAKSIMAL: PENGUATAN IDENTITAS USAHA DAN DIGITALISASI PEMBAYARAN PADA SALAH SATU UMKM KULINER DI JALAN RAPPOCINI RAYA Andriani, Shadry; Regina; Abdur-Rabb, Ahmad Faqhruddin; Iksan Yusuf, Laode Muhammad; Parawansa, Ayu Kartini
Publikasi Ilmiah Bidang Pengabdian Kepada Masyarakat (SIKEMAS) Vol. 5 No. 1 (2026): Artikel Pengabdian bulan April-Juni 2026
Publisher : Lafadz Jaya Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47353/sikemas.v5i1.4047

Abstract

Micro, Small, and Medium Enterprises (MSMEs) play a strategic role in Indonesia's economy but still face limitations in strengthening business identity and utilizing digital technology, especially in payment systems. This study aims to analyze the implementation of simple innovations through strengthening business identity and payment digitalization in a culinary MSME located on Rappocini Raya Street. The research uses a qualitative approach with observation, interviews, and documentation techniques. The results show that strengthening business identity through banners, logos, price lists, and product stickers increases visibility and customer attraction. Furthermore, the implementation of QRIS digital payment systems improves transaction efficiency and expands market reach. These simple innovations have proven to provide a real impact on improving business competitiveness.