ANALYSIS OF THE EFFECT OF BUDGETING SYSTEM AND OPERATIONAL RISK ON THE FINANCIAL PERFORMANCE OF HOUSING DEVELOPER COMPANIES

Authors

  • Oma Nuryanto ITB AAS Indonesia, Fiji
  • Rukmini
  • Sri Laksmi Pardanawati

DOI:

https://doi.org/10.29040/ijebar.v9i2.17372

Abstract

This study aims to examine the effect of the budgeting system and operational risk on the financial performance of housing developer companies in the Solo Raya region. The research population consists of 34 companies that are members of the Real Estate Indonesia (REI) Solo Raya Chapter. Data were collected using a structured questionnaire and analyzed using multiple linear regression with SPSS. The results show that the budgeting system has a positive and significant effect on financial performance, with a significance value of 0.028 (< 0.05). Meanwhile, operational risk does not have a significant partial effect, although it contributes jointly with the budgeting system in influencing financial performance, as indicated by a significance value of 0.002 in the F-test. The coefficient of determination (Adjusted R²) is 0.299, indicating that 29.9% of the variation in financial performance can be explained by the two independent variables. These findings highlight the importance of strengthening the budgeting process and maintaining effective risk management practices in order to enhance financial performance.

Downloads

Published

2025-07-01

How to Cite

Oma Nuryanto, Rukmini, & Sri Laksmi Pardanawati. (2025). ANALYSIS OF THE EFFECT OF BUDGETING SYSTEM AND OPERATIONAL RISK ON THE FINANCIAL PERFORMANCE OF HOUSING DEVELOPER COMPANIES. International Journal of Economics, Business and Accounting Research (IJEBAR), 9(2). https://doi.org/10.29040/ijebar.v9i2.17372

Issue

Vol. 9 No. 2 (2025): Vol. 9 No. 2 (2025): IJEBAR : Vol. 9, Issue 2, June 2025

Section

Articles

Citation Check

License

Authors who publish with IJEBAR agree to the following terms: Authors retain copyright and grant the IJEBAR right of first publication with the work simultaneously licensed under a Creative Commons Attribution License (CC BY-SA 4.0) that allows others to share (copy and redistribute the material in any medium or format) and adapt (remix, transform, and build upon the material) the work for any purpose, even commercially with an acknowledgement of the work's authorship and initial publication in IJEBAR. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in IJEBAR. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).