CASH-FLOW RESILIENCE, FINANCIAL PLANNING PRACTICES AND FINANCIAL RESILIENCE AMONG SMALL-SCALE FISHERS

Martha Racwel Patty; Hansen Hein  Rumtutuly

doi:10.37478/als.v16i02.8619

Authors

Martha Racwel Patty Universitas Pattimura
Hansen Hein Rumtutuly Universitas Pattimura

DOI:

https://doi.org/10.37478/als.v16i02.8619

Abstract

Small-scale fishers in borderland archipelagic regions face income uncertainty, financing constraints, and liquidity pressures that can weaken financial resilience. This study examines the relationship between Financial Planning Practices (FPP) and Financial Resilience (FR), both directly and indirectly through Cash-Flow Resilience (CFR), among small-scale fishers in Southwest Maluku, Indonesia. Using an explanatory cross-sectional quantitative design, data were collected from 221 owner-managers of fishing enterprises through stratified multistage sampling and analyzed using PLS-SEM. The results show that FPP is positively associated with CFR (? = 0.620; p < 0.001), CFR with FR (? = 0.581; p < 0.001), and FPP directly with FR (? = 0.336; p < 0.001). The indirect effect of FPP on FR through CFR is also significant (? = 0.360; p < 0.001), indicating complementary partial mediation. FPP and CFR jointly explain 69.2% of the variance in FR. The findings position CFR as an adaptive mechanism that opens the black box between financial planning and financial resilience. Theoretically, the study integrates the Theory of Financial Planning Behaviour and Dynamic Capability Theory; practically, it highlights the importance of cost planning, sales-proceeds management, and liquidity reserves for fishers operating in borderland archipelagic settings.

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Keywords:

Financial Planning Practices, Cash-Flow Resilience, Financial Resilience, Small-Scale Fishers, Borderland Archipelagic Economy

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