Non-Material Value-Based Financial Management Practice of “Pappasang Tu Riolo”

Abstract

This article aims to interpret financial management practice based on local value namely Pappasang Tu Riolo without materialistic character. By using Paradigma Nusantara, the research reveals the reality and emotional experiences of banana traders snack (pisang epe) on Losari beach, Makassar City. This study indicates that financial management with local wisdom values in the form of Pappasang Tu Riolo has a unique character that is not found in conventional financial management concepts, which can present a new view of wisdom for financial management. As financial management is based on cultural-spiritual values, the traders can achieve sustainable financial performance as well as excellent socio-economic state though the pursuit of material gains have not become their main purpose.