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All Journal Jurnal Pemberdayaan Ekonomi Studi Ekonomi dan Kebijakan Publik Jurnal Bisnis dan Pemasaran Digital Jurnal Ilmiah Pertanian dan Peternakan Kajian Psikologi dan Kesehatan Mental Jurnal Studi Multidisiplin Ilmu
Wa Ode Rayyani
Universitas Muhammadiyah Makassar, Makassar, Indonesia
Agriculture, Biological Sciences & Forestry Humanities Computer Science & IT Economics, Econometrics & Finance Education Environmental Science Health Professions Social Sciences Other

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The Practice of QRIS Usage in Traditional Vegetable Vendor Transactions: An Ethnomethodological Approach for Payments Nur Rahma; Wa Ode Rayyani
Jurnal Bisnis dan Pemasaran Digital Vol 5 No 1 (2025): Juli
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/jbpd.v5i1.7054

Abstract

Purpose: This study examines the internal logic and daily practices that traditional vegetable vendors use when adopting the Quick Response Code Indonesian Standard (QRIS) payment system, viewed through social methods that sustain the people's economy in the digital era.Methodology: A qualitative field study employing an ethnomethodological approach was conducted. Primary data were collected through in depth interviews and participant observation of vegetable vendors operating in a traditional market. Data analysis followed four stages, namely indexicality analysis, reflexivity analysis, conceptual action analysis, and the presentation of common sense knowledge.Results: Vendors interpret the QRIS sticker as an index of modernity that signals service readiness to younger, cash averse buyers. Through reflexive accounts, vendors justify QRIS use as a practical solution to the classic problems of providing small change and accepting counterfeit currency, even though delayed fund settlement and unstable market internet connections continue to constrain daily capital liquidity.Conclusions: QRIS improves the transparency and operational efficiency of micro enterprises, yet its integration remains complementary rather than substitutive, since the market ecosystem still rests on social capital and interpersonal trust. Limitations: Findings are contextually bound to a single commodity group and cannot be statistically generalized. Contributions: The study offers regulators and financial institutions an insider perspective for designing contextually adaptive digital infrastructure and outreach programs.
Household Financial Management Among the Community Within the Nyori or Passolo Tradition in Jeneponto Regency Nabila Nabila; Wa Ode Rayyani
Jurnal Pemberdayaan Ekonomi Vol 5 No 1 (2026): Februari
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/jpe.v5i1.7043

Abstract

Purpose: This study analyzes how households in Jeneponto Regency manage their finances while meeting the demands of the Nyori or Passolo tradition, and identifies the effect of this tradition on family economic conditions.Methodology: A descriptive qualitative approach grounded in phenomenology was used, focusing on households in Jeneponto Regency that actively practice the Nyori or Passolo tradition. Data were gathered through in-depth interviews and observation, then analyzed following the Miles, Huberman, and Saldana model, with source and technique triangulation to check consistency. Results: Households in Jeneponto Regency apply several financial strategies, including setting money aside specifically for the tradition, curbing consumptive spending, and drawing on supplementary income such as harvest proceeds to meet Nyori or Passolo obligations. The tradition carries clear economic consequences while also reinforcing social solidarity and kinship ties.Conclusions: A household's success in sustaining the Nyori or Passolo tradition depends heavily on its financial planning capacity, which allows economic needs and social obligations to be balanced.Limitations: The study is confined to households in Jeneponto Regency with a limited number of informants, so the findings cannot yet be generalized to all communities with similar traditions.Contribution: The study enriches scholarship on household financial management within a local cultural context and offers a reference point for government and community efforts to strengthen family financial literacy.
The Effectiveness of RSI and MACD in Determining Buy and Sell Signals Nurhikma Nurhikma; Wa Ode Rayyani
Studi Ekonomi dan Kebijakan Publik Vol 4 No 2 (2026): Januari
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/sekp.v4i2.7066

Abstract

Purpose: This study analyzes the effectiveness of Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) in generating buy and sell signals for five mining stocks on the Indonesia Stock Exchange.Methodology: This research uses a quantitative descriptive and verificative approach with secondary data consisting of daily historical prices and RSI, MACD, Signal Line, and Histogram values from the Indonesia Stock Exchange and TradingView. Results: Both RSI and MACD detected price reversal points, with differing accuracy and timing across the five stocks. RSI produced more frequent, earlier signals identifying overbought and oversold conditions, while MACD produced fewer but more reliable signals confirming medium term trend changes during periods of strong momentum.Conclusions: MACD is relatively more effective than RSI for determining buy and sell signals on mining stocks, generating more consistent signals during trending markets, while RSI performs better as a complementary indicator confirming overbought or oversold conditions before entry or exit. Limitations: This study is limited to five mining stocks and one period, relying only on RSI and MACD without other indicators, so findings may not generalize.Contributions: These findings offer practical insight for investors selecting technical indicators for entry and exit timing in the Indonesian mining sector, and an empirical basis for research combining technical and fundamental analysis.
Packaging Cost Control Among Traditional Tamarind Traders in Pasar Terong Makassar Rita Yani; Wa Ode Rayyani
Jurnal Studi Multidisiplin Ilmu Vol 3 No 3 (2025): September
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/jasmi.v3i3.7063

Abstract

Purpose: This study analyzes packaging cost control practices through an informal control system applied by traditional tamarind traders in Pasar Terong Makassar, and evaluates these practices from a sharia perspective concerning the prohibition of tabzir and israf. Methodology: The study uses a qualitative approach with a case study method. Data were collected through in-depth interviews, direct observation, and documentation. Informants were selected through purposive sampling, comprising tamarind traders, buyers, and market officials at Pasar Terong Makassar.Results: The findings show that traditional tamarind traders apply informal packaging cost control through memory-based accounting, manual physical control based on hand-weighed portions, and direct owner oversight. This practice aligns with sharia principles of avoiding tabzir and israf in pursuit of business blessing (barakah). Conclusions: Packaging cost control among traditional tamarind traders in Pasar Terong Makassar is carried out through an effective informal system despite the absence of formal bookkeeping. Religious moral values function as a natural internal control instrument that supports cost efficiency and business sustainability. Limitations: This study is confined to tamarind traders at Pasar Terong Makassar, so its findings cannot be directly generalized to different traditional trading contexts.Contributions: This study contributes to the development of informal management accounting literature in the traditional MSME sector and enriches the study of sharia value integration in the operational cost control of traditional market traders.
Making Sense of Operational Assistance Fund Management in Early Childhood Education: A Phenomenological Study Muh Syamrialdi Farkan S; Wa Ode Rayyani
Jurnal Studi Multidisiplin Ilmu Vol 3 No 3 (2025): September
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/jasmi.v3i3.7064

Abstract

Purpose: This study aims to understand and uncover the meaning of the lived experience of Early Childhood Education (ECE) managers in administering the Operational Assistance Fund (Bantuan Operasional Penyelenggaraan or BOP) for early childhood education institutions, with particular emphasis on accountability, responsibility, and the underlying values that shape their managerial practices.Methodology: The study employed a qualitative approach with an Interpretative Phenomenological Analysis (IPA) design. Data were collected through in-depth interviews, participant observation, and documentary study involving a single key informant who manages BOP funds at an early childhood institution in Makassar City, South Sulawesi, selected through criterion purposive sampling to ensure depth and richness of lived experience.Results: Findings reveal that the informant interprets the BOP fund as a trust (amanah) that must be managed transparently, responsibly, and in the best interest of learners. The informant navigates administrative burdens, disbursement delays, and multidimensional accountability demands, while sustaining practice through peer learning, disciplined recording, participatory planning, and proactive coping strategies. Conclusions: BOP fund management is not merely an administrative and compliance-driven process but is fundamentally a moral undertaking anchored in trusteeship, integrity, and dedication to community welfare, extending accountability beyond procedural compliance toward substantive, felt outcomes for children.Limitations: This study was conducted at a single early childhood institution with a limited number of informants, therefore the findings are contextual and not generalizable. Contributions: This research enriches public sector accountability scholarship through a phenomenological lens and provides practical guidance for improving BOP fund management.
Accounting Profit, Leverage, and Firm Size on Stock Prices in the Indonesia Stock Exchange Fintha Rahmakasih; Wa Ode Rayyani
Jurnal Studi Multidisiplin Ilmu Vol 3 No 3 (2025): September
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/jasmi.v3i3.7082

Abstract

Purpose: This study examines the influence of accounting profit, leverage, and firm size on the stock prices of manufacturing companies listed on the Indonesia Stock Exchange, a question that remains relevant as Indonesia's capital market continues to navigate post-pandemic volatility, shifting benchmark interest rates, and inflationary pressure through 2026.Methodology: A quantitative research design was applied using secondary data drawn from audited annual financial statements covering the 2019 to 2023 period. Purposive sampling produced 87 firms that satisfied the sample selection criteria, generating 435 firm-year observations, which were analyzed through panel data regression rather than ordinary multiple regression so that both cross-sectional and time-series properties of the data could be captured.Results: Model specification tests, namely the Chow test and the Hausman test, indicated that the Fixed Effect Model was the most appropriate estimator. The regression results show that accounting profit exerts a positive and significant effect on stock price, leverage exerts a negative and significant effect, and firm size exerts a positive and significant effect, with an adjusted R square of 0.609. Conclusions: All three fundamental variables jointly shape stock price movement in a manner consistent with signaling theory and agency theory. Limitations: The model does not incorporate macroeconomic variables such as interest rates, exchange rates, or inflation.Contributions: The findings offer investors and corporate managers an updated, evidence-based reference for building investment portfolios and financing policies grounded in current fundamental financial ratios.
Analysis of Fishing Operational Cost and Fishermen's Income at TPI Lappa, Sinjai Regency Yuyun Aulia Putri; Wa Ode Rayyani
Jurnal Studi Multidisiplin Ilmu Vol 3 No 3 (2025): September
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/jasmi.v3i3.7083

Abstract

Purpose: This study aims to analyze the fishing operational cost incurred by fishermen and the income they earn at Tempat Pelelangan Ikan or Fish Auction Center, Lappa in Sinjai Regency. Methodology: A descriptive quantitative approach was applied. Respondents consisted of five active fishermen selected through purposive sampling based on at least five years of continuous fishing activity and regular sale of catch at Fish Landing Center (Tempat Pelelangan Ikan or TPI) Lappa. Data were collected through structured interviews, observation, and documentation, then analyzed using descriptive statistics covering operational cost, total revenue, net income, average values, and percentage share, presented in tabular form.Results: The average operational cost incurred by fishermen reached IDR1,180,000 per trip. Fuel accounted for the largest component, averaging IDR700,000, followed by maintenance, consumption, and ice costs. Average total revenue reached IDR4,440,000 per trip, while average net income reached IDR3,260,000 per trip.Conclusions: Efficient management of operational cost, particularly fuel use, plays a role in supporting higher net income among fishermen, while differences in income across respondents are also shaped by catch volume and selling price.Limitations: The study involved only five fishermen and focused solely on operational cost and income, so the findings cannot be broadly generalized.Contributions: This research offers an empirical picture of the operational cost structure and income of fishermen and may serve as a consideration in improving the efficiency of capture fisheries and the welfare of fishing households.
Household Financial Management of Palm Sugar Farmers Amid Declining Sap Production and Income Instability in Bonto Salsabila Salsabila; Wa Ode Rayyani
Jurnal Studi Multidisiplin Ilmu Vol 3 No 3 (2025): September
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/jasmi.v3i3.7085

Abstract

Purpose: This study analyzes the household financial management strategies of palm sugar farmers facing income instability caused by the structural decline in sap production in Bonto Salama Village, West Sinjai Subdistrict, Sinjai Regency.Research Methodology: A descriptive qualitative approach was employed using a single embedded case study. Data were collected through in-depth interviews, participatory observation, and documentation involving one husband-and-wife pair of palm sugar farmers with at least three years of tapping experience, selected through purposive sampling. Data were analyzed using the Miles, Huberman, and Saldana interactive model, while credibility was ensured through source and technique triangulation and member checking.Results: Farmers experienced unstable income due to declining palm productivity as trees aged. To maintain household financial stability, they reduced consumption, diversified income through vegetable cultivation and collecting dried clove leaves, and relied on social capital by borrowing from relatives and participating in rotating savings groups.Conclusions: Household financial management remains informal and experience-based, with social capital serving as the primary financial buffer during periods of income instability.Limitations: The findings are based on a single informant pair from one village, limiting broader generalizability. Contributions: This study enriches the household finance literature by providing empirical evidence of adaptive financial strategies employed by palm sugar farmers in Indonesia's informal agricultural sector under persistent income uncertainty.
Analyzing Greenwashing Impact on Financial Performance and Profitability of Publicly Listed Manufacturing Companies in Makassar Istianah Hadaming; Wa Ode Rayyani
Jurnal Ilmiah Pertanian dan Peternakan Vol 4 No 1 (2026): Juli
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/jipper.v4i1.7040

Abstract

Purpose: This study empirically tests the effect of greenwashing practices on the financial performance of publicly listed manufacturing companies operating in Makassar between 2021 and 2025, using Return on Assets as the profitability proxy. Methodology: A quantitative approach was applied using secondary data drawn from annual reports and sustainability reports. Simple linear regression together with a content analysis method was used to score the level of greenwashing for each company-year observation.Results: The relationship between greenwashing and Return on Assets was negative but not statistically significant, with a regression coefficient of negative 0.008 and a significance value of 0.911, while the model explained only 0.1% of the variance in profitability.Conclusions: The negative direction confirms that symbolic environmental claims made without matching action tend to create operational inefficiency that weighs on profit, although the regional capital market remains pragmatic and continues to value traditional financial metrics above sustainability narratives.Limitations: The study is confined to a small sample of manufacturers with operations in the Makassar industrial area and relies solely on Return on Assets as the financial performance proxy. Contribution: The study offers empirical evidence on greenwashing dynamics at the regional operational level, highlighting the gap between centralized corporate narratives and local realization, and points toward the need for stronger regional sustainability verification mechanisms.
The Influence of Interest and Motivation on Investment Decisions Among Management Students A. Deva Meilany Putri; Wa Ode Rayyani
Kajian Psikologi dan Kesehatan Mental Vol 3 No 2 (2025): September
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/kpkm.v3i2.7059

Abstract

Purpose: This study analyzes the influence of investment interest and motivation on the investment decisions of Management Department students, 2023 cohort, at the Faculty of Economics and Business, Universitas Muhammadiyah Makassar, both partially and simultaneously.Methodology: A quantitative approach with a survey method was employed. The population consisted of 35 active students, selected using a total sampling technique. Data were collected through a five point Likert scale questionnaire and analyzed using multiple linear regression, preceded by validity, reliability, and classical assumption tests.Results: Partially, investment interest (t equals 1.383, significance equals 0.176) and investment motivation (t equals 1.302, significance equals 0.202) did not significantly influence investment decisions. Simultaneously, interest and motivation together exerted a positive and significant influence on investment decisions (F equals 19.685, significance equals 0.000), contributing 55.2% of the variance.Conclusions: Investment interest and motivation jointly shape student investment decisions, indicating that these two psychological factors complement one another and operate more effectively when measured together.Limitations: The study is confined to 35 respondents from a single cohort and does not account for other relevant variables such as financial literacy or risk perception.Contributions: The findings provide empirical evidence on student investment behavior and a foundation for more effective financial education programs at higher education institutions.
Co-Authors A. Deva Meilany Putri Fintha Rahmakasih Istianah Hadaming Muh Syamrialdi Farkan S Nabila Nabila Nur Rahma Nurhikma Nurhikma Resky Cahaya Dewi Rita Yani Salsabila Salsabila Yuyun Aulia Putri