Peran Anggaran dalam Pengelolaan Risiko Keuangan Perusahaan
Article Sidebar
Financial Risk Management,
Economic Uncertainty,
Budget Flexibility,
Risk Mitigation Anggaran Strategis,
Pengelolaan Risiko Keuangan,
Ketidakpastian Ekonomi,
Fleksibilitas Anggaran,
Mitigasi Risiko
Main Article Content
Abstract
Amid rising economic uncertainty, this study explores the strategic role of budgeting in managing corporate financial risk. It examines budgeting as a critical management tool for identifying, mitigating, and controlling risks within a business environment. Utilizing a qualitative approach grounded in literature review, data is gathered from prior studies to demonstrate the positive impact of a well-structured and flexible budget. Findings reveal that companies capable of integrating risk management into their budgeting processes are more likely to mitigate impacts from market, credit, liquidity, and operational risks. Additionally, various studies suggest that adaptive budgeting enhances a company’s resilience in responding to market fluctuations. This study also highlights specific strategies, such as contingency planning and reserve allocation, which effectively support financial stability. These findings contribute to financial management literature while providing practical guidance for companies to optimize budgets as strategic tools for addressing economic challenges. Future research is recommended to broaden the scope across sectors and undertake longitudinal analysis to deepen understanding of budgeting’s role in financial risk management
Article Details
Copyright Notice
Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution 4.0 International License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
References
Anderson, R., & Parker, J. (2020). Risk management in the energy sector: The role of budgeting. Energy Finance Journal, 13(1), 45-60.
Anwar, R., Yuniarsih, Y., Depeda, A. P., Tambunan, E. C., & Rosa, T. (2022). Penggunaan Analisis Anggaran Sebagai Alat Perencanaan Dan Pengendalian Keuangan Dalam Perusahaan. JOEL: Journal of Educational and Language Research, 1(8), 1083-1096.
Anwar, R., Amaliyah, Z., Fitrasari, R. D., & Hadi, R. (2024). Studi Literatur: Implementasi Dan Dampak Penggunaan Analisis Anggaran Terhadap Pengendalian Keuangan Di Industri Manufaktur. Juremi: Jurnal Riset Ekonomi, 3(6), 993-1002.
Basel Committee on Banking Supervision. (2019). Principles for the Sound Management of Operational Risk.
Braun, V., & Clarke, V. (2006). Using thematic analysis in psychology. Qualitative Research in Psychology, 3(2), 77-101.
Brigham, E. F., & Ehrhardt, M. C. (2020). Financial Management: Theory & Practice (16th ed.). Cengage Learning.
Cooper, H. (2019). Research Synthesis and Meta-Analysis: A Step-by-Step Approach (5th ed.). SAGE Publications.
Creswell, J. W. (2018). Research Design: Qualitative, Quantitative, and Mixed Methods Approaches (5th ed.). SAGE Publications.
Drury, C. (2020). Management and Cost Accounting (10th ed.). Cengage Learning.
Eccles, R. G., Newquist, S. C., & Schatz, R. (2020). Reputation and Its Risks. Harvard Business Review.
Fabozzi, F. J. (2020). Bond Markets, Analysis, and Strategies (9th ed.). Pearson.
Garrison, R. H., Noreen, E. W., & Brewer, P. C. (2021). Managerial Accounting (17th ed.). McGraw-Hill Education.
Hilton, R. W., & Platt, D. E. (2019). Managerial Accounting: Creating Value in a Dynamic Business Environment (11th ed.). McGraw-Hill Education.
Horngren, C. T., Datar, S. M., & Rajan, M. V. (2019). Cost Accounting: A Managerial Emphasis (16th ed.). Pearson.
Johnson, R., Smith, J., & Brown, A. (2019). Risk management and financial performance: A comprehensive review. Journal of Financial Studies, 34(3), 289-312.
Johnston, M. P. (2017). Secondary data analysis: A method by which the time has come. Qualitative and Quantitative Methods in Libraries, 3(3), 619-626.
Jorion, P. (2019). Value at Risk: The New Benchmark for Managing Financial Risk (3rd ed.). McGraw-Hill.
Kerzner, H. (2021). Project Management: A Systems Approach to Planning, Scheduling, and Controlling (12th ed.). Wiley.
Martinez, L., Williams, P., & Thompson, R. (2022). Proactive risk management through flexible budgeting: Evidence from global enterprises. International Journal of Financial Management, 47(4), 567-589.
Merriam, S. B., & Tisdell, E. J. (2016). Qualitative Research: A Guide to Design and Implementation (4th ed.). Jossey-Bass.
Mishkin, F. S. (2020). The Economics of Money, Banking, and Financial Markets (12th ed.). Pearson.
Pyhrr, P. A. (2020). Zero-Base Budgeting: A Practical Management Tool for Evaluating Expenses. Wiley.
Ross, S. A., Westerfield, R. W., & Jaffe, J. (2019). Corporate Finance (12th ed.). McGraw-Hill Education.
Smith, J., & Brown, A. (2020). The impact of effective budgeting on operational efficiency. Journal of Financial Management, 45(2), 123-145.
Saunders, A., & Cornett, M. M. (2021). Financial Institutions Management: A Risk Management Approach (10th ed.). McGraw-Hill.
Snyder, H. (2019). Literature review as a research methodology: An overview and guidelines. Journal of Business Research, 104, 333-339.
Williams, J., & Thompson, R. (2021). The impact of financial risk on corporate performance. Journal of Financial Management, 45(2), 123-145.
Williams, P., & Thompson, R. (2021). The impact of COVID-19 on financial risk management: Lessons from global enterprises. Journal of Risk and Financial Management, 14(6), 1-18.