Triyonowati

The company that is synonymous with the application of science and technology is the manufacturing industry (Krmela et al., 2022). Manufacturing companies in Indonesia have been accustomed to the use of technology in their production activities so far, because technology really helps the company’s production to be more effective (Muchran, 2020). This study examines the effect of innovation efficiency on firm performance and the moderating role of ownership concentration on this effect. This study examines innovation efficiency as the optimal combination of innovation input and innovation output. The inputs used are research and development expenses, machine repair expenses, and information technology purchases. Meanwhile, the output of innovation. This study used 616 annual reports of manufacturing companies from 2013 to 2018. The analytical technique used is a moderated regression analysis. The results show that efficiency is positively and significantly correlated with company performance. In addition, the results of the study provide evidence of concentrated ownership, encouraging managers to be more intensive in carrying out innovation efficiency so that it affects increasing company performance. These findings show that there is efficiency in innovation projects that can improve company performance, and companies with concentrated ownership find it easier to carry out innovation efficiency because of the active involvement of shareholders in the management process when innovation projects are implemented aimed at improving company performance.

Type of the article: Research Article

Lecturers’ financial well-being is an important factor influencing work motivation, teaching quality, and professional commitment in implementing the Tri Dharma of Higher Education. This study is motivated by the financial challenges faced by lecturers at private higher education institutions in underdeveloped, frontier, and outermost regions, particularly in Southwest Papua, Indonesia, which are characterized by limited income and high financial vulnerability. The study aims to examine the effects of financial stress, money attitude, financial risk tolerance, and financial socialization on financial well-being, with financial literacy as a mediating variable. Using a quantitative explanatory design, data were collected from 230 certified lecturers across eight private higher education institutions in Southwest Papua through a census approach within a defined sub-population. Data were analyzed using Partial Least Squares–Structural Equation Modeling (PLS-SEM). The findings show that money attitude has a positive and significant direct effect on financial well-being and financial literacy. Financial stress and financial risk tolerance significantly influence financial literacy but have no direct effect on financial well-being, while financial socialization shows no significant effect. Financial literacy significantly mediates the relationships between financial stress, money attitude, and financial risk tolerance toward financial well-being. The model explains 39.7% of financial well-being and 34.8% of financial literacy variance. These results highlight the importance of structured financial literacy programs for lecturers in underdeveloped, frontier, and outermost regions.