Will a High-Performance Finance Function Company Become a High Performance Organization?

Authors

  • Chandra Situmeang Universitas Negeri Medan, Indonesia
  • Diana Hasyim Universitas Negeri Medan, Indonesia
  • Choms G. G. T. Sibarani Universitas Negeri Medan, Indonesia

DOI:

https://doi.org/10.59141/jiss.v4i07.846

Keywords:

High Performance Organization (HPO), High-Performance Finance Function (HPFF)

Abstract

Each company has a different performance and competitiveness from other companies. This performance determines their resilience to face various economic conditions, including economic contraction due to the Covid-19 pandemic. Various kinds of literature state that High-Performance Organizations (HPO) are related to their financial management performance. This study took a sample of 66 small and medium-sized companies in North Sumatra Province, Indonesia. We conclude that all High-Performance Organizations (HPO) factors strongly correlate with the High-Performance Finance Function (HPFF). Therefore, if a company wants to become an High-Performance Organizations company, it must also become an HPFF company. Therefore, we suggest that the top management of each company pays attention to the interrelated aspects of managing the financial function to improve or maintain the company's competitiveness. Another thing to note is the HPFF characteristics, namely "Personal Development" and "Role Clarity," which can differentiate the performance of the financial function among research respondents

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Published

2023-07-05

How to Cite

Situmeang, C., Hasyim, D. ., & Sibarani , C. G. G. T. . (2023). Will a High-Performance Finance Function Company Become a High Performance Organization?. Jurnal Indonesia Sosial Sains, 4(07), 633–640. https://doi.org/10.59141/jiss.v4i07.846

Issue

Vol. 4 No. 07 (2023): Jurnal Indonesia Sosial Sains

Section

Articles

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Copyright (c) 2023 Chandra Situmeang, Diana Hasyim, Choms G. G. T. Sibarani

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