Journal of Center for Energy Policy and Human Resources Capacity Development
Vol. 1 No. 1 (2026): Policy Innovation and Collaboration for Sustainable Growth in Agribusiness and

A Quantitative Study on Digital Transformation and Fiscal Policy in Enhancing Financial Management and Investment Efficiency

Sujoko Sujoko (Universitas Teknologi Yogyakarta)
Saskia Saskia (Universitas Teknologi Yogyakarta)
Reinardus Dwi Prio Christianto (Universittas Teknologi Yogyakarta)
Abdul Wahab Samad (Institut Bisnis dan Informatika Kosgoro 1957)
Khairul Ismed (Research Center for Population, National Research and Innovation Agency of Indonesia)



Article Info

Publish Date
25 Sep 2026

Abstract

This study examines the interrelationships among Financial Management and Liquidity, Data Analytics and Financial Models, Investment and Portfolio, and Financing and Financial Markets in influencing Fiscal Policy and Economic Governance to strengthen financial stability and performance. Using a quantitative design with Partial Least Squares–Structural Equation Modeling (PLS-SEM) and bootstrapping analysis through SmartPLS version 3.0, the findings demonstrate that effective financial management and liquidity control significantly enhance capital efficiency and organizational profitability. The integration of data analytics and advanced financial models supported by artificial intelligence (AI) improves risk prediction and supports evidence-based financial decisions. Investment and portfolio diversification, particularly through sustainable and green investment practices, increase rationality in decision-making and promote environmentally responsible growth. Furthermore, financing innovations such as peer-to-peer (P2P) lending and research-based investment contribute to inclusive access to capital and transparency in financial markets. At the macro level, adaptive fiscal policies—through progressive taxation and regional revenue optimization—foster equitable development and economic resilience. Overall, the results confirm that the synergy between micro-level financial efficiency and macro-level fiscal governance is pivotal for creating a resilient, transparent, and sustainable financial system. The study provides theoretical insights and practical implications for policymakers and financial institutions in developing adaptive, digital-based financial models and sustainable fiscal governance aligned with long-term economic transformation.

Copyrights © 2026






Journal Info

Abbrev

jcphrcd

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Electrical & Electronics Engineering Energy Environmental Science

Description

The Journal of Center for Energy Policy and Human Resources Capacity Development focuses on publishing high-quality research and review articles related to the following themes: Human Resource Management in the Energy Sector Capacity building for energy professionals. Workforce development ...