Financial Recording Practices, Income Management, and Fishermen's Welfare: Evidence from Barrang Caddi Island
DOI:
https://doi.org/10.55927/fjsr.v4i12.705Keywords:
Financial Record-keeping, Income Management, Fishermen's Welfare, Barrang Caddi IslandAbstract
This study aims to analyze the effect of financial record-keeping on the welfare of fishermen and describe how income management supports the welfare of fishing communities on Barrang Caddi Island, Makassar, South Sulawesi. The study uses a mixed methods approach that combines quantitative and qualitative analysis sequentially. The quantitative stage involved 50 randomly selected active fisherman respondents, while the qualitative stage was conducted through in-depth interviews with several key informants. The results show that the implementation of financial record keeping has a positive effect on the welfare of fishermen. Fishermen who consistently record their income and expenses, separate their business and personal finances, and calculate their net profit are able to control their expenses, maintain their working capital, and build family savings. Qualitative findings show that these practices help fishermen cope with lean seasons without having to go into debt, increase their financial security, and strengthen the economic stability of their households. Simple financial record-keeping not only serves as an administrative tool, but also as a means of economic empowerment that fosters financial discipline, increases economic resilience, and supports the welfare of fishing families
References
Amadi, A. (2023). Integration in a mixed-method case study of construction phenomena: from data to theory. Engineering, Construction and Architectural Management, 30(1), 210–237. https://doi.org/10.1108/ECAM-02-2021-0111
Barte, R. (2012). Financial Literacy in Micro¬Enterprises: The Case of Cebu Fish Vendors. In Philippine Management Review (Vol. 19).
Borromeo, A. S., Cervantes, R. J., & Sumicad, E. H. (2024). Analyzing the Recording Practices in Accounting of Micro and Small Businesses: The Case of the Philippines. Review of Business and Economics Studies, 12(1), 70–80. https://doi.org/10.26794/2308-944X-2024-12-1-70-80
Breemer, J., anon, A., & Resky, K. (2025). Welfare Of Maritime Communities In Indonesia: Challenges And Opportunities. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.5215833
Chung, R., Firth, M., & Kim, J.-B. (2005). Earnings management, surplus free cash flow, and external monitoring. Journal of Business Research, 58(6), 766–776. https://doi.org/10.1016/j.jbusres.2003.12.002
Enayati, M., Arlikatti, S., & Ramesh, M. V. (2024). A qualitative analysis of rural fishermen: Potential for blockchain-enabled framework for livelihood sustainability. Heliyon, 10(2). https://doi.org/10.1016/j.heliyon.2024.e24358
Fauzan, M. R., Gainau, P. C., Shintia, R., & Bonara, F. (2025). Enhancing the Sustainability of Fishermen’s Enterprises through Bookkeeping in Seri Hamlet, Nusaniwe Sub-District Ambon. Jurnal Pengabdian Kepada Masyarakat, 09(01), 228–243.
Fenyves, V., Tarnóczi, T., & Zsidó, K. (2015). Financial Performance Evaluation of Agricultural Enterprises with DEA Method. Procedia Economics and Finance, 32, 423–431. https://doi.org/10.1016/S2212-5671(15)01413-6
Harahap, S., Thoyib, A., Sumiati, S., & Djazuli, A. (2022). The Impact of Financial Literacy on Retirement Planning with Serial Mediation of Financial Risk Tolerance and Saving Behavior: Evidence of Medium Entrepreneurs in Indonesia. International Journal of Financial Studies, 10(3), 66. https://doi.org/10.3390/ijfs10030066
J. E., O., C. I., , Ada-Okungbowa, & C. O., , Emokaro. (2022). Asset based wellbeing of poverty of artisanal fish farmers in delta state, nigeria. Global Journal of Agricultural Sciences, 21(1), 69–77. https://doi.org/10.4314/gjass.v21i1.9
Johnson, P. J., & Parrotta, J. L. (1998). The Impact Of Financial Attitudes And Knowledge On Financial Management And Satisfaction Of Recently Married Individuals.
Katnic, I., Katnic, M., Orlandic, M., Radunovic, M., & Mugosa, I. (2024). Understanding the Role of Financial Literacy in Enhancing Economic Stability and Resilience in Montenegro: A Data-Driven Approach. Sustainability, 16(24), 11065. https://doi.org/10.3390/su162411065
Khan, Md. A., Alam, Md. F., & Islam, K. J. (2012). The impact of co-management on household income and expenditure: An empirical analysis of common property fishery resource management in Bangladesh. Ocean & Coastal Management, 65, 67–78. https://doi.org/10.1016/j.ocecoaman.2012.04.014
Kumar, P., Pillai, R., Kumar, N., & Tabash, M. I. (2023). The interplay of skills, digital financial literacy, capability, and autonomy in financial decision making and well-being. Borsa Istanbul Review, 23(1), 169–183. https://doi.org/10.1016/j.bir.2022.09.012
Laux, C. (2012). Financial instruments, financial reporting, and financial stability. Accounting and Business Research, 42(3), 239–260. https://doi.org/10.1080/00014788.2012.681857
Li, J., Wang, H., & Soh, W. (2024). Digital transformation, financial literacy and rural household entrepreneurship. Finance Research Letters, 62, 105171. https://doi.org/10.1016/j.frl.2024.105171
Minnis, M., & Sutherland, A. (2017). Financial Statements as Monitoring Mechanisms: Evidence from Small Commercial Loans. Journal of Accounting Research, 55(1), 197–233. https://doi.org/10.1111/1475-679X.12127
Pomeroy, R., Arango, C., Lomboy, C. G., & Box, S. (2020). Financial inclusion to build economic resilience in small-scale fisheries. Marine Policy, 118, 103982. https://doi.org/10.1016/j.marpol.2020.103982
Rabbaniyah, L., Riyantie, M., Utari, E. D., Suhendry, B., Zahra, S. F., Pramudya, A. L., & Lestari, S. (2025). Financial Management Training For Fishermen In Indramayu To Support Blue Economy Implementation. Jurnal Pemberdayaan Masyarakat Madani (JPMM), 9(1), 117–130. https://doi.org/10.21009/JPMM.009.1.10
Rahman, Moh. S., Toiba, H., & Huang, W.-C. (2021). The Impact of Climate Change Adaptation Strategies on Income and Food Security: Empirical Evidence from Small-Scale Fishers in Indonesia. Sustainability, 13(14), 7905. https://doi.org/10.3390/su13147905
Sakharina, I. K., Patittingi, F., Halim, H., Napang, M., Sumardi, J., Inggit, A. B., & Hendrapati, M. (2022). Sinking or not? An Indonesian Approach to Prevent the Rise of Sea Levels Due to Global Warming. In ASEAN International Law (pp. 649–665). Springer Nature Singapore. https://doi.org/10.1007/978-981-16-3195-5_36
Sari, I., Ichsan, M., White, A., Raup, S. A., & Wisudo, S. H. (2021). Monitoring small-scale fisheries catches in Indonesia through a fishing logbook system: Challenges and strategies. Marine Policy, 134, 104770. https://doi.org/10.1016/j.marpol.2021.104770
Setyoningrum, A. A. D. (2021). The Influence of Financial Management on Family Economy. KnE Social Sciences. https://doi.org/10.18502/kss.v5i7.9314
Singh, J., & Singh, M. (2023). Does financial inclusion impact socio-economic stability? A study of social safety net in Indian slums. International Journal of Social Economics, 50(8), 1060–1084. https://doi.org/10.1108/IJSE-04-2022-0261
Ujianti, R. M. D., Burhanuddin, A., & Novita, M. (2024). Blue Economic Analysis in Coastal Areas of the Indonesian Java Sea Based on Fisheries. Advances in Agriculture, 2024(1). https://doi.org/10.1155/2024/5550622
Utomo, L., & Sara, R. (2025). Barriers to Promoting the Welfare of Fishing Communities in Indonesia: Policy Recommendations and Strengthening Regulations. In Citizen and Government Review (Vol. 2, Issue 1).
Weeratunge, N., Béné, C., Siriwardane, R., Charles, A., Johnson, D., Allison, E. H., Nayak, P. K., & Badjeck, M. (2014). Small‐scale fisheries through the wellbeing lens. Fish and Fisheries, 15(2), 255–279. https://doi.org/10.1111/faf.12016
Zahedi, J., Salehi, M., & Moradi, M. (2022). Identifying and classifying the contributing factors to financial resilience. Foresight, 24(2), 177–194. https://doi.org/10.1108/FS-10-2020-0102
