EXPLORING THE DRIVERS OF FINANCIAL ACCOUNTABILITY IN POLITICAL PARTY MANAGEMENT: EVIDENCE FROM INDONESIA

Abstract

This study aims to determine and analyze the influence of board commitment, fund management competence, and report accessibility on the accountability of political party financial management. Accountability in financial management is a critical element for political parties, especially in ensuring transparency, public trust, and effective use of financial resources. This research uses a quantitative, the population is all registered political parties and the respondents are administrators of political parties.The data were collected using a structured questionnaire distributed directly to the respondents. To test the proposed hypotheses, the study employed multiple linear regression analysis using the SmartPLS 3.0 application, which is commonly used in Partial Least Squares Structural Equation Modeling (PLS-SEM). The results of the study reveal that board commitment does not significantly affect the accountability of political party financial management. This suggests that despite high levels of commitment, it may not be sufficient to ensure accountable financial practices without corresponding systems and structures. On the other hand, fund management competence has a significant and positive impact on accountability. This finding emphasizes the importance of skilled and knowledgeable personnel in managing party funds responsibly. Meanwhile, report accessibility, which relates to how easily financial reports can be accessed and understood, was found to have no significant effect on accountability. This may indicate that accessibility alone is not enough to influence accountability without strong internal controls and external oversight. Overall, the study provides insights that can help improve financial governance within political parties in Indonesia.