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Journal : west science business and management

Strategic Financial Planning and Its Effect on Company Resilience in an Uncertain Market in Indonesia Judijanto, Loso; SY, Arniwita; Ermaini, Ermaini
West Science Business and Management Vol. 3 No. 01 (2025): West Science Business and Management
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsbm.v3i01.1740

Abstract

This study examines the effect of strategic financial planning on company resilience in an uncertain market environment in Indonesia. Using a quantitative approach, data were collected from 55 companies through a structured questionnaire. Strategic financial planning was assessed through budgeting, forecasting, risk management, and resource allocation, while company resilience was measured by adaptability, sustainability, and financial stability. Data analysis was conducted using SPSS version 25, incorporating descriptive statistics, correlation analysis, and regression analysis. The results indicate a strong positive relationship (r=0.72,p<0.01r = 0.72, p < 0.01r=0.72,p<0.01) between financial planning and resilience. Regression analysis confirmed the significant impact of financial planning (β=0.68,p<0.001\beta = 0.68, p < 0.001β=0.68,p<0.001), explaining 52% of the variance in resilience. These findings highlight the critical role of financial planning in enabling companies to adapt and thrive in uncertain markets. The study concludes with practical recommendations for enhancing financial planning practices to strengthen resilience.
Co-Authors Ade Irma Suryani Adi Putra Afrizal, Ardi Ahmad Soleh Ali Fahmi Ali Suman Amanda, Kiki Amri Amir Amrizal Amrizal Andang Fazri Apriyanti, Dila Ardi Afrizal Ardi Afrizal Ardi Afrizal Armiwita, Armiwita Arniwita, Arniwita Arumingtyas, Fida Asrini Asrini Asrini Asrini Asrini Asrini Bansa, Yorina An'guna Dani Dani Dani, Rian Daniel, Prima Audia Deka Veronica Deka Veronica DEVITA ANDRI Dewi, Lizabeth Sari Endah Tri Kurniasih Endang Fatmawati Ermaini Ermaini Etik Winarni Etik Winarni, Etik Faradilla Herlin Hasan Basri Hendra Kurniawan Herdawati, Trie Hetty Rohayani Hierdawati, Trie Hierdawaty, Trie Indria Mayesti Ismanto, Widodo Jeni Vira Guswati Joranda, Yoega Maulana Judijanto, Loso Kaswoto, Junet Kurniasih, Endah Tri Mainita Mainita Mayesti, Indria Meidita Kemala Sari Mohammad Ridwan Muhammad Ridwansyah Munzir Munzir, Munzir musnaini musnaini Mustika Mustika Nanjar, Agi Nico Aditiya Noneng Marthiawati. H Noprihartini, Noprihartini Nurdin Nurdin Permatasari, Novita Prima Audia Daniel Putra, Iwan Eka Rahayu Elisa N Rahayu, Yunie Rahmi Handayani Rara Oktaviani Ratih Rosita Ratih Rosita Rendi Efdiansyah Rico Rico Rico Rico Rifky Lana Rahardian Rika Neldawati Saputra, Mas Budi Sendy Permana Sofyan Hadi Sri Muryati Sudarmanto, Eko Sugma Dewi Apriyani Suherman Suherman Susi Desmaryani, Susi Syaparuddin Syaparuddin Syifa , Mutiara Farah Totok Hendarto Tsai, Chia Han Veronica, Deka Veronika, Deka Wahyu Hidayat Wenny, Syilvia Wiarta, Iqra Wibowo, Teguh Setiawan Yunie Rahayu Yunie Rahayu Zahsyi, Muhammad Zamzami Zamzami