Unification of Financial Management, Corporate Performance, and Business Sustainability of PT Rajalia Mandiri Sejahtera On Jeneponto Regency

Andi Asti Handayani, Tuti Supatminingsih, Sudirman Sudirman

Sari


This study aims to analyze the implementation of financial management, identify factors affecting the effectiveness of financial management, evaluate its contribution to corporate performance, and formulate financial management strengthening strategies to support business sustainability at PT Rajalia Mandiri Sejahtera in Jeneponto Regency. The study employed a qualitative approach with a case study design through interviews, observations, and documentation. The findings reveal that the company has implemented financial management functions including budgeting, cash flow management, operational cost control, and periodic financial performance evaluation. The main factors influencing the effectiveness of financial management include human resource competence, internal control systems, and the utilization of information technology. More structured financial management practices have contributed to improving operational efficiency, liquidity, and company profitability. The recommended strengthening strategies include financial system digitalization, enhancement of human resource competencies, strengthening internal control systems, and integration of data-based performance monitoring systems to support long-term business sustainability.

Keywords: Financial Management; Corporate Performance; Business Sustainability; Digitalization; Internal Control.

Teks Lengkap:

Download PDF

Referensi


Adiyanto, R., Murhadi, W. R., & Wijaya, L. I. (2020). Working Capital Management dan Firm Profitability Perusahaan Sektor Manufaktur di Bursa Efek Indonesia dan Bursa Efek Filipina Periode 2014-2018. Journal of Entrepreneurship & Business, 1(1), 31–42. https://doi.org/10.24123/jerb.v1i1.2822

Aktas, N., Croci, E., & Petmezas, D. (2015). Is working capital management value-enhancing? Evidence from firm performance and investments. Journal of Corporate Finance, 30, 98–113. https://doi.org/10.1016/j.jcorpfin.2014.12.008

Altaf, N., & Shah, F. A. (2018). How does working capital management affect the profitability of Indian companies? Journal of Advances in Management Research, 15(3), 347–366. https://doi.org/10.1108/JAMR-06-2017-0076

Billi, A., & Bernardo, A. (2025). The Effects of Digital Transformation, IT Innovation, and Sustainability Strategies on Firms’ Performances: An Empirical Study. Sustainability, 17(3), 823. https://doi.org/10.3390/su17030823

Bindeeba, D. S., Tukamushaba, E. K., & Bakashaba, R. (2025). Digital transformation and its multidimensional impact on sustainable business performance: evidence from a meta-analytic review. Future Business Journal, 11(1), 90. https://doi.org/10.1186/s43093-025-00511-z

Broccardo, L., Truant, E., & Dana, L.-P. (2023). The interlink between digitalization, sustainability, and performance: An Italian context. Journal of Business Research, 158, 113621. https://doi.org/10.1016/j.jbusres.2022.113621

Costa, I., Riccotta, R., Montini, P., Stefani, E., de Souza Goes, R., Gaspar, M. A., Martins, F. S., Fernandes, A. A., Machado, C., Loçano, R., & Larieira, C. L. C. (2022). The Degree of Contribution of Digital Transformation Technology on Company Sustainability Areas. Sustainability, 14(1), 462. https://doi.org/10.3390/su14010462

Costa Melo, I., Alves Junior, P. N., Queiroz, G. A., Yushimito, W., & Pereira, J. (2023). Do We Consider Sustainability When We Measure Small and Medium Enterprises’ (SMEs’) Performance Passing through Digital Transformation? Sustainability, 15(6), 4917. https://doi.org/10.3390/su15064917

Diaz, R., & Montalvo, R. (2022). Digital Transformation as an Enabler to Become More Efficient in Sustainability: Evidence from Five Leading Companies in the Mexican Market. Sustainability, 14(22), 15436. https://doi.org/10.3390/su142215436

Fernández-Portillo, A., Almodóvar-González, M., Sánchez-Escobedo, M. C., & Coca-Pérez, J. L. (2022). The role of innovation in the relationship between digitalisation and economic and financial performance. A company-level research. European Research on Management and Business Economics, 28(3), 100190. https://doi.org/10.1016/j.iedeen.2021.100190

Gasco-Hernandez, M., Nasi, G., Cucciniello, M., & Hiedemann, A. M. (2022). The role of organizational capacity to foster digital transformation in local governments: The case of three European smart cities. Urban Governance, 2(2), 236–246. https://doi.org/10.1016/j.ugj.2022.09.005

Guandalini, I. (2022). Sustainability through digital transformation: A systematic literature review for research guidance. Journal of Business Research, 148, 456–471. https://doi.org/10.1016/j.jbusres.2022.05.003

Hanelt, A., Bohnsack, R., Marz, D., & Antunes Marante, C. (2021). A Systematic Review of the Literature on Digital Transformation: Insights and Implications for Strategy and Organizational Change. Journal of Management Studies, 58(5), 1159–1197. https://doi.org/10.1111/joms.12639

Kraus, S., Durst, S., Ferreira, J. J., Veiga, P., Kailer, N., & Weinmann, A. (2022). Digital transformation in business and management research: An overview of the current status quo. International Journal of Information Management, 63, 102466. https://doi.org/10.1016/j.ijinfomgt.2021.102466

Kusuma, H., & Dhiyaullatief Bachtiar, A. (2018). Working Capital Management and Corporate Performance: Evidence from Indonesia. Journal of Management and Business Administration. Central Europe, 26(2), 76–88. https://doi.org/10.7206/jmba.ce.2450-7814.229

Le, B. (2019). Working capital management and firm’s valuation, profitability and risk. International Journal of Managerial Finance, 15(2), 191–204. https://doi.org/10.1108/IJMF-01-2018-0012

Li, L. (2022). Digital transformation and sustainable performance: The moderating role of market turbulence. Industrial Marketing Management, 104, 28–37. https://doi.org/10.1016/j.indmarman.2022.04.007

Lu, H. T., Li, X., & Yuen, K. F. (2023). Digital transformation as an enabler of sustainability innovation and performance – Information processing and innovation ambidexterity perspectives. Technological Forecasting and Social Change, 196, 122860. https://doi.org/10.1016/j.techfore.2023.122860

Meng, S., Su, H., & Yu, J. (2022). Digital Transformation and Corporate Social Performance: How Do Board Independence and Institutional Ownership Matter? Frontiers in Psychology, 13. https://doi.org/10.3389/fpsyg.2022.915583

Nguyen, A. T. H., & Nguyen, T. Van. (2018). Working Capital Management and Corporate Profitability: Empirical Evidence from Vietnam. Foundations of Management, 10(1), 195–206. https://doi.org/10.2478/fman-2018-0015

Nurhasanah Nurhasanah, Elijon Tumanggor, & Iman Putra Jaya Hulu. (2025). Peran Penganggaran dalam Proses Pengambilan Keputusan di Tingkat Manajerial. Journal of Islamic Economics and Finance, 3(3), 209–213. https://doi.org/10.59841/jureksi.v3i3.3075

Ristyawan, M. R., Putro, U. S., & Siallagan, M. (2023). Decision making mechanism in resource based theory: A literature review, synthesis, and future research. Cogent Business & Management, 10(2). https://doi.org/10.1080/23311975.2023.2247217

Ronoowah, R. K., & Seetanah, B. (2023). The moderating and mediating effects of corporate governance and capital structure on firm performance: empirical evidence from an emerging market. Managerial Finance, 49(9), 1377–1399. https://doi.org/10.1108/MF-08-2022-0382

Zhang, C., Chen, P., & Hao, Y. (2022). The impact of digital transformation on corporate sustainability- new evidence from Chinese listed companies. Frontiers in Environmental Science, 10. https://doi.org/10.3389/fenvs.2022.1047418

Zhou, Y., Ock, Y.-S., Alnafrah, I., & Dagestani, A. A. (2023). What Aspects Explain the Relationship between Digital Transformation and Financial Performance of Firms? Journal of Risk and Financial Management, 16(11), 479. https://doi.org/10.3390/jrfm16110479




DOI: https://doi.org/10.37531/mirai.v11i2.11944

Refbacks

  • Saat ini tidak ada refbacks.


Flag Counter

Creative Commons License

JURNAL MIRAI MANAGEMENT is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Web
Analytics