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Indigenous Autonomy and Financial Decision-Making in Communities

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  • Blue Levon
  • O’Faircheallaigh Ciaran

Abstract

In this article, we argue that Indigenous autonomy, not increased regulation, is required to improve financial management and outcomes in Indigenous communities. We explore what may enable and constrain good financial practice and a move towards autonomous financial decision-making in Indigenous communities. Drawing on research about financial literacy education practices in a Canadian Aboriginal community and research in Australian Aboriginal communities receiving royalties from mining, we highlight the need for Indigenous autonomy in financial practices. Finally, we argue for the role of internal accountability in allowing a move towards Indigenous autonomy.

Suggested Citation

  • Blue Levon & O’Faircheallaigh Ciaran, 2018. "Indigenous Autonomy and Financial Decision-Making in Communities," Financial Planning Research Journal, Sciendo, vol. 4(2), pages 39-50.
    • Handle: RePEc:vrs:finprj:v:4:y:2018:i:2:p:39-50:n:1002
    DOI: 10.2478/fprj-2018-0006
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    References listed on IDEAS

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    1. Dennis Foley & Allan John O'connor, 2013. "Social Capital and the Networking Practices of Indigenous Entrepreneurs," Journal of Small Business Management, Taylor & Francis Journals, vol. 51(2), pages 276-296, April.
    2. repec:eme:aaaj00:aaaj-08-2015-2167 is not listed on IDEAS
    3. Aragón, Fernando M., 2015. "Do better property rights improve local income?: Evidence from First Nations' treaties," Journal of Development Economics, Elsevier, vol. 116(C), pages 43-56.
    4. Luisa Lombardi, 2016. "Disempowerment and empowerment of accounting: an Indigenous accounting context," Accounting, Auditing & Accountability Journal, Emerald Group Publishing Limited, vol. 29(8), pages 1320-1341, October.
    5. Luisa Lombardi & Barry J. Cooper, 2015. "Aboriginal and Torres Strait Islander People in the Accounting Profession – An Exploratory Study," Australian Accounting Review, CPA Australia, vol. 25(1), pages 84-99, March.
    6. Luisa Lombardi, 2016. "Disempowerment and empowerment of accounting: an Indigenous accounting context," Accounting, Auditing & Accountability Journal, Emerald Group Publishing Limited, vol. 29(8), pages 1320-1341, October.
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