EXPLORING THE ROLE OF MILLENNIAL LEADERS IN SHAPING REGIONAL FINANCIAL HEALTH IN PUBLIC SECTOR

Abstract

The millennial generation, born between 1980 and 1996 is predicted to increasingly dominate the workforce in the next few decades, both in Indonesia and throughout the world. In Indonesia, the millennial generation is starting to occupy leadership positions in various sectors, including the financial sector. This raises questions about how the millennial leadership style affects various aspects of the organization, including financial performance. The purpose of this study is to evaluate the financial standing of local governments.  led by the millennial generation in Indonesia for the period 2019-2022 using seven calculation dimensions. The type of research used is quantitative descriptive research. The results of the study indicate that the financial performance of local governments under millennial leadership shows more instability in financial performance in the dimensions of short-term solvency, long-term solvency, budgetary solvency, operational solvency, financial independence, financial flexibility, and service solvency dimensions. This can be caused by several factors, including millennial leadership styles which are generally more adaptive, tend to innovate, and are change-oriented. The results of this research can be used as consideration for stakeholders to understand the role and impact of millennial leadership in the context of local government finances.