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From Knowledge Sharing to Green Business Models: Financial Literacy as a Mediator in Makassar Women-Owned Culinary MSMEs Andi Mustika Amin; A Nursyamsi Amin
Fundamental and Applied Management Journal Vol. 4 No. 2 (2026): June
Publisher : Global Research Collaboration

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.66314/famj.v4i2.835

Women-owned culinary Micro, Small, and Medium Enterprises (MSMEs) in Makassar City play an important role in local economic growth, women’s entrepreneurship, and the transition toward low-carbon urban development. However, the adoption of green business models in this sector remains challenging because environmentally oriented practices often require financial capability, managerial readiness, and practical knowledge. This study aims to examine the effect of women’s knowledge sharing on green business model adoption, with financial literacy as a mediating variable. A quantitative explanatory design was applied using a cross-sectional survey of 250 women owners or main managers of culinary MSMEs in Makassar City. Respondents were selected through purposive sampling based on business role, length of operation, and involvement in business interaction networks. Data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The findings show that women’s knowledge sharing has a positive and significant effect on financial literacy, while financial literacy has a positive and significant effect on green business model adoption. However, the direct effect of women’s knowledge sharing on green business model adoption is not significant. The mediation test confirms that financial literacy fully mediates the relationship between women’s knowledge sharing and green business model adoption. These findings indicate that social and digital knowledge-sharing networks can support green business transformation when the shared knowledge is translated into financial capability. The study contributes to the literature on women’s entrepreneurship, knowledge sharing, financial literacy, and sustainable business models by demonstrating the central role of financial literacy in connecting social learning with green business decisions.

Literasi Keuangan dan Lifestyle inflation di kalangan Pegawai Perkotaan di Indonesia: Sebuah Studi Fenomenologis Andi Mustika Amin
Maksimal Jurnal : Jurnal Ilmiah Bidang Sosial, Ekonomi, Budaya, Teknologi, Dan Pendidikan Vol 3 No 5 (2026): Juni
Publisher : Maximal Journal : Jurnal Ilmiah Bidang Sosial, Ekonomi, Budaya dan Pendidikan

Show Abstract | Download Original | Original Source | Check in Google Scholar

Peningkatan pendapatan akibat promosi jabatan dan perkembangan karier seharusnya mendorong akumulasi tabungan dan kesejahteraan finansial. Namun, banyak karyawan urban di Indonesia justru mengalami lifestyle inflation, yaitu peningkatan konsumsi yang sejalan dengan kenaikan pendapatan. Fenomena ini penting dikaji karena dapat menghambat pembentukan aset dan ketahanan finansial jangka panjang. Meskipun hubungan antara pendapatan dan literasi keuangan telah banyak diteliti secara kuantitatif, masih terbatas penelitian yang mengeksplorasi pengalaman subjektif pekerja urban dalam menghadapi peningkatan pendapatan dan tekanan gaya hidup. Penelitian ini bertujuan untuk memahami hubungan antara literasi keuangan dan lifestyle inflation pada karyawan urban di Indonesia. Penelitian menggunakan pendekatan kualitatif dengan desain fenomenologi. Data dikumpulkan melalui wawancara mendalam semi-terstruktur terhadap 18 karyawan berusia 22–35 tahun di Jakarta dan Makassar yang telah menerima kenaikan gaji atau promosi dalam dua tahun terakhir. Analisis data dilakukan menggunakan Reflexive Thematic Analysis. Hasil penelitian mengidentifikasi empat tema utama, yaitu perbandingan sosial, peningkatan pengeluaran, kesadaran finansial, dan kesulitan menabung. Temuan menunjukkan bahwa budaya gengsi, pengaruh media sosial, kemudahan akses teknologi finansial, serta tuntutan keluarga dan budaya berkontribusi terhadap peningkatan konsumsi setelah kenaikan pendapatan. Selain itu, meskipun partisipan memiliki pemahaman dasar mengenai pengelolaan keuangan, mereka masih mengalami kesulitan menerapkan perilaku finansial yang disiplin. Penelitian ini menyimpulkan bahwa lifestyle inflation merupakan fenomena multidimensional yang dipengaruhi oleh interaksi antara literasi keuangan, faktor perilaku, teknologi digital, dan konteks sosial budaya. Oleh karena itu, diperlukan penguatan literasi keuangan berbasis perilaku untuk meningkatkan kesejahteraan finansial pekerja urban.

Digital Payment and Impulsive Spending Behavior: A Phenomenological Study Andi Mustika Amin
Journal Management & Economics Review (JUMPER) Vol. 3 No. 10. 1 (2026): Special Issue: Call For Paper JUMPER
Publisher : Malaqbi Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59971/jumper.v3i10. 1.803

The proliferation of digital payment systems, including electronic wallets (e-wallets) and the Quick Response Code Indonesian Standard (QRIS), has fundamentally altered the transactional landscape in Indonesia. While these technologies offer unprecedented convenience, emerging evidence suggests that the abstraction of physical currency may attenuate the psychological barriers that traditionally regulate discretionary spending. This phenomenological study investigated the lived experiences of active digital payment users in Indonesia to understand how frictionless transaction modalities influence impulsive spending behavior. Through in-depth, semi-structured interviews with 15 purposively selected participants, this study employed a thematic analysis approach informed by phenomenological principles. Four superordinate themes emerged: (1) frictionless payment, characterizing the seamless, low-effort transactional experience; (2) spending convenience, reflecting the ubiquity and temporal accessibility of digital payment infrastructure; (3) impulsive purchasing, capturing the propensity toward unplanned, stimulus-driven acquisition; and (4) reduced spending awareness, describing the diminished salience of monetary outflow in the absence of tangible currency. These findings corroborate Soman’s (2001) theoretical framework regarding the role of rehearsal and payment immediacy in moderating spending behavior. The abstraction inherent in e-wallet and QRIS transactions reduces the "pain of paying" (Prelec & Loewenstein, 1998), thereby increasing vulnerability to impulsive consumption. This study contributes to the qualitative consumer behavior literature by providing an emic, experiential account of digital payment adoption in an emerging market context and offers practical implications for financial literacy interventions and regulatory policy.

Informal Financial Practices and Entrepreneurial Growth: A Qualitative Study of Small Business Owners in Makassar, Indonesia Andi Mustika Amin
Maksimal Jurnal : Jurnal Ilmiah Bidang Sosial, Ekonomi, Budaya, Teknologi, Dan Pendidikan Vol 3 No 5 (2026): June
Publisher : Abadi Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59971/meta-journal.v3i5.447

This qualitative study investigates how informal financial practices shape the growth trajectories of micro and small enterprises in Makassar, Indonesia. Drawing on six months of ethnographic fieldwork, including participant observation and semi-structured interviews with 18 small business owners, the research examines three predominant forms of informal finance: rotating savings and credit associations (arisan), financing sourced from family and kinship networks, and the conduct of business through undocumented cash transactions. The Results reveal that these practices are not passive responses to exclusion from the formal financial sector but rather active, culturally grounded strategies that confer social agency, build economic resilience, and fulfill fundamental needs for belonging and security. Theoretically, the study contributes to the literature on the informal economy, behavioral finance, and social capital theory by demonstrating how trust, reciprocity, and community norms function as genuine economic infrastructure in contexts where formal institutions are either inaccessible or mistrusted. At the same time, the research identifies significant constraints embedded within these informal systems, particularly their tendency to limit business scalability, impede formalization, and reinforce existing social hierarchies. A comparative analysis situates Makassar within a broader Southeast Asian urban context alongside Jakarta, Manila, and Bangkok, revealing both shared drivers of informality and city-specific cultural adaptations. The study argues that effective financial inclusion strategies must engage with, rather than displace, existing social structures, and that policies designed to bridge formal and informal finance must be culturally sensitive and locally grounded.

Relational Capital in the Shadow Economy: A Qualitative Ethnographic Inquiry into Informal Financial Practices Among Small Business Owners in Makassar, Indonesia Andi Mustika Amin
International Humanity Advance, Business & Sciences Vol 3 No 4 (2026): April
Publisher : PT Maju Malaqbi Makkarana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59971/ijhabs.v3i4.805

MSMEs play a vital role in Southeast Asia’s economy, yet many still rely on informal financial systems. Despite growing interest in MSME development, limited studies explore how informal finance operates within local cultural contexts in Eastern Indonesia. This study investigates informal financial practices among small business owners in Makassar, Indonesia, focusing on arisan, kinship-based lending, and undocumented cash transactions. Using a qualitative ethnographic approach, data were collected through participant observation and in-depth interviews with 18 entrepreneurs over six months. The findings show that informal finance functions as a culturally embedded system based on trust, social solidarity, and flexibility, helping entrepreneurs access capital and manage uncertainty. However, these practices also create limitations for business scalability, financial transparency, and long-term growth. The study concludes that informal finance is not merely a sign of institutional weakness, but a socially adaptive economic mechanism that should be considered in developing inclusive financial policies for MSMEs.

Determinants of Generation Z Long Term Investment Interest Through Digital Literacy, Education and Risk Perception Andi Mustika Amin; A. Reski Almaida Dg Maccening; Nidrah Nidrah; Fakhirah Husain
Journal of Economics, Entrepreneurship, Management Business and Accounting Vol 4 No 4 (2026): Volume 4, Issue 4, July 2026
Publisher : CV. Sakura Digital Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61255/jeemba.v4i4.1230

Purpose - This study examines the roles of digital financial literacy, digital financial education, and digital risk perception in shaping Generation Z’s long-term investment interest. The study addresses the gap between the rapid growth of digital investment platforms and the limited financial understanding that supports sustainable investment behavior. Design/methodology/approach – A quantitative approach with an associative research design was employed. Primary data were collected from 270 Generation Z respondents in Makassar using purposive sampling. The data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) with SmartPLS 3.0. Findings – The results indicate that digital financial literacy, digital financial education, and digital risk perception all have positive and significant effects on long-term investment interest. Financial literacy enhances individuals’ ability to evaluate financial information, financial education strengthens investment readiness, and rational risk perception increases confidence in making long-term investment decisions. Originality/value – This study demonstrates that Generation Z’s long-term investment interest is shaped by financial knowledge, educational experiences, and digital risk assessment. The findings highlight the importance of strengthening integrated digital financial literacy and education to encourage sustainable investment behavior among young investors.

Local Knowledge And Social Capital As Financial Buffers: Understanding MSMEs Risk Mitigation Strategies In Indonesia Andi Mustika Amin
Economics and Business Journal (ECBIS) Vol. 4 No. 1 (2025): November
Publisher : PT. Maju Malaqbi Makkarana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47353/ecbis.v4i1.256

Micro, small, and medium enterprises (MSMEs) in developing countries like Indonesia are highly vulnerable to financial risks yet often lack formal risk-management practices, relying instead on personal experience, intuition, and culturally rooted local practices to navigate financial uncertainty. This study aimed to identify MSME owners' perceptions of financial risks, explore informal mitigation strategies based on local experience and community practices, analyze the influence of cultural norms and social networks, and propose a contextually grounded problem-solving framework. Employing a qualitative research design, the study used in-depth semi-structured interviews, direct observations, and document analysis with MSME owners, and analyzed the data using thematic analysis and triangulation to ensure credibility. The results revealed three primary financial risk-mitigation strategies: adaptive cash-flow management, reliance on social capital and local economic networks, and experiential diversification driven by local market knowledge. The findings demonstrate that MSMEs develop resilience through culturally embedded practices and social structures, confirming that interventions should leverage existing informal mechanisms and integrate culturally compatible tools rather than imposing rigid formal frameworks.

Strategic Financial Decision in Uncertain Business Environment: Analisis pada PT IMC Pelita Logistik Tbk (PSSI) Periode 2023-2025 Andi Mustika Amin
Jurnal Ilmu Manajemen, Bisnis dan Ekonomi Vol 4 No 1 (2026): Juni
Publisher : PT Maju Malaqbi Makkarana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59971/jimbe.v4i1.513

This study aims to analyze the financial condition and formulate strategic financial decision strategies at PT IMC Pelita Logistik Tbk in facing uncertain business conditions. This study is motivated by the dynamics of the maritime logistics industry, which is heavily influenced by fluctuations in global commodity prices and pressures on operational efficiency. The research method used is a quantitative descriptive approach with financial ratio analysis covering liquidity (Current Ratio), solvency (Debt to Equity Ratio), and profitability (Net Profit Margin) based on financial report data for the 2023–2025 period. The results show that the company has excellent liquidity and solvency conditions, indicated by an increase in the current ratio from 4.07 to 7.17 and a decrease in the DER from 0.21 to 0.13. However, the company's profitability experienced a significant decline from 39.9% to 0.5%, indicating serious pressure on operational efficiency and profit-generating ability. Based on these findings, the recommended strategies are operational cost efficiency, fleet utilization optimization, and digital transformation through investment in a technology-based logistics management system. This study concludes that sound strategic financial decisions are essential to improving a company's profitability and long-term sustainability

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