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THE ROLE OF FINANCIAL MANAGEMENT IN LONG-TERM INVESTMENT DECISION MAKING (LITERATURE REVIEW) Daniyal, Dasrul; Tukiran, Martinus
International Journal of Multidisciplinary Research and Literature Vol. 3 No. 6 (2024): INTERNATIONAL JOURNAL OF MULTIDISCIPLINARY RESEARCH AND LITERATURE
Publisher : Yayasan Education and Social Center

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53067/ijomral.v3i6.276

Abstract

This study aims to examine the role of financial management in long-term investment decision-making through a literature review of various related studies. The main focus of this study is the impact of risk, the application of the time value of money, investment diversification, agency problems, and investment project feasibility evaluation techniques such as Net Present Value (NPV) and Internal Rate of Return (IRR). The literature review findings demonstrate that high risk influences investment decisions owing to the unpredictability of future cash flows, necessitating risk mitigation strategies like portfolio diversification and the utilization of derivative instruments. Applying the concept of the time value of money (TVM) is crucial in investment evaluation to facilitate more rational and profitable decisions, considering inflation and discount rates. Diversification of investments has demonstrated efficacy in mitigating volatility and enhancing long-term investment outcomes. Agency problems, which arise from conflicts of interest between owners and managers, also affect the quality of investment decisions, which can be overcome by designing incentives that align with the company's long-term goals. Evaluating the feasibility of investment projects using NPV and IRR helps ensure that the investments can add significant value to the company. This research provides important insights into how good financial management can support more effective and sustainable investment decision-making
Fiscal Decentralization on Economic Growth (A Systematic Literature Review) Hendana, Deni; Indrayani, Lioni; Anggraini, Anggun; Daniyal, Dasrul; Amelia, Rizka Wahyuni
Jurnal Ekonomi Pembangunan Vol 14 No 1 (2025): Volume 14 Nomor 1 Tahun 2025
Publisher : Fakultas Ekonomi dan Bisnis Universitas Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23960/jep.v14i1.3950

Abstract

This study aims to explore the impact of fiscal decentralization on economic growth in Indonesia using the Systematic Literature Review (SLR) approach. The SLR method is used to identify, assess, and analyze findings from relevant studies on the impact of fiscal decentralization on economic growth. The SLR process includes selecting relevant scientific articles, screening, and thematic analysis to identify common patterns and significant findings. The results of the study indicate that fiscal decentralization can have a positive impact on regional economic growth, especially if supported by quality regional financial management, adequate institutional capacity, and appropriate allocation of funds to productive sectors such as education, health, and infrastructure. The results of the study indicate that regions that have weaknesses in fund management and monitoring capacity have difficulty utilizing the potential of fiscal decentralization, so that its impact on the economy is not significant. Based on these findings, this study recommends that fiscal decentralization policies focus on strengthening institutional capacity and regional financial management to maximize the potential for economic growth. Keywords:​ Fiscal decentralization, capital, economic growth, Systematic Literature Review (SLR)