West Science Business and Management
Vol. 3 No. 01 (2025): West Science Business and Management

Strategic Financial Planning and Its Effect on Company Resilience in an Uncertain Market in Indonesia

Judijanto, Loso (Unknown)
SY, Arniwita (Unknown)
Ermaini, Ermaini (Unknown)



Article Info

Publish Date
28 Mar 2025

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.

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Journal Info

Abbrev

wsbm

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

The Editors invite writers and experts to publish and share their ideas through scientific and empirical research in the field of Management and Business. The main objective of this publication is to improve theory, concept, and practice in the field of management and business. Dissemination of ...