Alms-Giving and Financial Management
Grisvia Agustin. Agus Sumanto. Muhammad Hasyim Ibnu Abbas. Lustina Fajar Prastiwi. Santi Merlinda.
Universitas Negeri Malang
Abstract
Objectives of financial management may be broadly divided into two parts such as profit maximization and wealth maximization. But alms-giving doesn-t have any connection with profit maximization or wealth maximization. Giving of alms is individual spending with non-profit oriented. Alms-giving objective for religious reason only to obey God-s order. In macro-economics and micro-economics theory there are alms component as spending. Because alms-giving is better to be spent secretly. The research aims to analyze causality relationship between giving of alms with individual financial management using Econometric analysis Toda-Yamamoto causality test. Respondents comes from various region with various occupation and income with various religion background. Research analysis finds overwhelming support for the idea which optimism impacts economic decision-making by proving that alms affect financial management.
Keywords: Alms-giving, financial management, Toda-Yamamoto causality test
Topic: Economics, Finance, Banking, and Accounting