The Influence of Financial Performance on Community Welfare, Moderated by Performance Acceleration
Keywords:
Financial Performance, HDI, Local GovernmentAbstract
This study aims to examine the influence of financial performance on community welfare with performance acceleration as a moderating variable. Community welfare is measured using the Human Development Index (HDI), which consists of three dimensions: life expectancy, education, and a decent standard of living. The financial performance of local governments is evaluated through the financial independence ratio and the effectiveness ratio of local revenue (PAD). Secondary data were collected from 514 districts/cities in Indonesia in 2023, sourced from budget realization reports on the DJPK website. Descriptive statistical tests indicate that the financial independence ratio has a positive effect on community welfare, while the effectiveness ratio of local revenue does not have a significant impact. The moderation regression analysis (MRA) indicates that performance acceleration can moderate the effect of the financial independence ratio on community welfare but does not moderate the effectiveness ratio of local revenue. The conclusion of this study suggests that improving local financial performance, particularly through increasing the financial independence ratio, can enhance community welfare, with performance acceleration as a moderating factor that strengthens this effect.
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