Implementation of Hulontalo Ethnic Values in Small and Medium Businesses (SMEs) Financial Decision-Making

Muh. Sabir Mustafa, Ubud Salim, Nur Khusniyah Indrawati and Siti Aisjah

Economic Studies journal, 2023, issue 7, 139-157

Abstract: This study aims to explore and understand the implementation of Hulontalo ethnic values in SME's financial decision-making. The determination of informants begins with the decision of the key informant; then, the appointment of informants is developed during field searches using the Snowballing Sampling technique. The informants in this study were as many as nine people. An entrepreneur must have skills in managing his business, expertise in making quality products and implementing the values of Adati Hula-hula'a to Sara'a, Sara'a Hulahula'a to Kuran, which support the theory. There are three implementations of Hulontalo ethnic traditional values in financial decision-making: piyohu, Dilapottitilandingo, and payango. This research was hoped to support the pecking order theory and obtained a new indicator that can be considered for an individual in making financial decisions, namely Daadata Tilapulo (productivity).

JEL-codes: G4 G40 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.iki.bas.bg/Journals/EconomicStudies/2023/2023-7/07_Muh-Sabir.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bas:econst:y:2023:i:7:p:139-157

Access Statistics for this article

More articles in Economic Studies journal from Bulgarian Academy of Sciences - Economic Research Institute Contact information at EDIRC.
Bibliographic data for series maintained by Diana Dimitrova ().