Analysis of Financial Management of the Flying Fish Egg Business at PTSJA, South Sulawesi, Indonesia

Muhammad Busrol Karim () and Nurdjanah Hamid
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Muhammad Busrol Karim: Hasanuddin University
Nurdjanah Hamid: Hasanuddin University

A chapter in Proceedings of the 10th International Conference on Accounting, Management, and Economics (10th ICAME 2025), 2026, pp 200-212 from Springer

Abstract: Abstract This study aims to analyze financial management in the flying fish egg business of PTSJA, which partners with assisted fishermen in the Galesong area, Takalar Regency, South Sulawesi. Flying fish eggs are a high-value export commodity in high demand in international markets, such as Japan, South Korea, and China. PTSJA capitalizes on this opportunity by developing a profit-sharing partnership system with fishermen and managing a fishing fleet of 270 vessels. This study uses a qualitative descriptive approach with a case study method. Data were collected through in-depth interviews, questionnaires, field observations, and a review of the company’s financial documents. The results show that PTSJA’s financial management is effective and profitability-oriented. The company is able to maintain profit margins despite market price fluctuations. The partnership scheme and profit-sharing system implemented not only benefit the company but also improve the welfare of assisted fishermen. However, challenges remain, such as limited digitalization in financial recording and dependence on fishing seasons. Therefore, the development of a more integrated and digital-based financial management system is needed to support operational efficiency and long- term competitiveness. This research contributes to the financial management model for an adaptive and sustainable partnership-based fisheries business.

Keywords: Financial Management; Flying Fish Egg Business; PTSJA; Fishermen; Partnership (search for similar items in EconPapers)
Date: 2026
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DOI: 10.2991/978-94-6239-709-5_15

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