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

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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Publication Details

Journal
West Science Business and Management
Published
2025-03-28
DOI
https://doi.org/10.58812/wsbm.v3i01.1740
Primary Topic
Insurance and Financial Risk Management
Type
article
Field-Weighted Citation Impact
0.00
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article

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

Amadou Sy, Ermaini Ermaini, Loso Judijanto
2 links
West Science Business and Management
Insurance and Financial Risk Management
article

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

Amadou Sy, Ermaini Ermaini, Loso Judijanto
article en

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.

West Science Business and ManagementVol. 3(01)
Universitas Jambi (ID)
Openalex Percentile: Top 89%
Insurance and Financial Risk Management
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