Financial Decisions: A Phenomenological Study on Small-Scale Buddhist Entrepreneurs

Authors

  • Lufina Mahadewi SEKOLAH TINGGI MANAJEMEN PPM, JAKARTA, INDONESIA
  • Surachman Surachman Department of Management Faculty of Economics and Business, Brawijaya University, Malang, Indonesia
  • Djumilah Hadiwidjojo Department of Management Faculty of Economics and Business, Brawijaya University, Malang, Indonesia
  • Nur Khusniyah Indrawati Department of Management Faculty of Economics and Business, Brawijaya University, Malang, Indonesia

DOI:

https://doi.org/10.32924/ijbs.v8i2.308

Abstract

ABSTRACT

Religious values are contexts in social science used to explain the irrational behaviour of psychological factors in financial decision-making . The aim of the study  is to explore how religious values drive financial decisions through an interpretive paradigm to capture the role of the cognitive dimension of religion and its values. The setting of this study was conducted in Bekasi, West Java. This study reveals that Buddhist entrepreneurs are individuals who intrinsically build a cultural system, one of which is religion and its values, which play a role in shaping entrepreneurial behaviour and entrepreneurial financial decisions. This study reveals that the entrepreneurial activities carried out by Buddhist entrepreneurs play a role in the dynamics of the structure of the social life of Buddhist entrepreneurs, which focuses on creating alignment of entrepreneurial goals with the fulfillment of socio-religious factors.

Keywords: Financial Decision, Buddhist Values, Buddhist Entrepreneurship

 

 

Downloads

Submitted

2023-08-15

Accepted

2024-06-21

Published

2024-07-01

How to Cite

Mahadewi, L., Surachman, S., Hadiwidjojo, D., & Indrawati, N. K. (2024). Financial Decisions: A Phenomenological Study on Small-Scale Buddhist Entrepreneurs. International Journal of Business Studies, 8(2), 160–177. https://doi.org/10.32924/ijbs.v8i2.308

Issue

Vol. 8 No. 2 (2024): International Journal of Business Studies

Section

Articles

License

Creative Commons License
International Journal of Business Studies by Sekolah Tinggi Manajemen IPMI is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Authors who publish with this journal agree to the following terms:

1. Copyright Transfer Agreement Form can be downloaded HERE.
2. Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a CC BY-SA Creative Commons Attribution-ShareAlike 4.0 International License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
3. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
4. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.