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Adaptation Strategies of Generation Z Employees to Traditional Organizational Culture: A Phenomenological Study Dewa Putu Yohanes Agata L. Sandopart
Varied Knowledge Journal Vol. 3 No. 4 (2026): Varied Knowledge Journal, May 2026
Publisher : CV. Global Cendekia Inti

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.71094/vkj.v3i4.183

Abstract

Generation Z now constitutes a significant component of the global workforce, yet faces substantial adaptation challenges when entering companies with traditional, hierarchical, and procedural organizational cultures. This study aims to explore the adaptation strategies developed by Generation Z employees in response to tensions between their personal values and the cultural demands of traditional companies. Employing a qualitative approach with an interpretative phenomenological analysis design, this research involved 10 participants working in three established traditional companies within the Greater Jakarta area (Jabodetabek), each operating for a minimum of 25 years. Data were collected through semi-structured in-depth interviews and analyzed using a six-stage interpretative phenomenological analysis procedure. The findings identified five superordinate themes, including fundamental value clashes encompassing flexibility versus rigid procedures, transparency versus information hierarchy, and immediate feedback versus annual evaluations, passive resistance as an initial strategy manifested through quiet non-compliance, work-to-rule, and silent psychological exit, the critical role of direct supervisors as cultural buffers and determinants of personal loyalty, dual identity negotiation through selective conformity and authenticity strain, and reconstruction of loyalty’s meaning from unconditional to conditional or reciprocal. This study also proposes a Three-Phase Adaptation Model for Generation Z in Traditional Companies consisting of disorientation, negotiation, and stabilization or exit. Theoretical contributions include enriching coping theory, extending social identity theory, and introducing the concept of authenticity strain, while practical implications encompass redesigning performance evaluation systems, cross-generational leadership training, and the development of reverse mentoring programs.
Deviations in the Initial Public Offering (IPO) Process as the Root of Stock Price Manipulation: A Case Study of Issuers in Indonesia for the 2020–2025 Period Dewa Putu Yohanes Agata L. Sandopart; Lie Adek; Dewa Ayu Indiana Ida Loemongga Sandopart; Erma Wijayanti
Journal of Economics and Management Vol. 4 No. 1 (2026): Journal of Economics and Management, March 2026
Publisher : Lembaga Publikasi Ilmiah Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70716/ecoma.v4i1.459

Abstract

This study analyzes deviations in the Initial Public Offering (IPO) process as the root of stock price manipulation among issuers in Indonesia for the 2020-2025 period. Using a qualitative approach with a multiple case study method, this research examines three issuers sanctioned by the Financial Services Authority (OJK): PT Berkah Beton Sadaya Tbk (BEBS), PT Repower Asia Indonesia Tbk (REAL), and PT Multi Makmur Lemindo Tbk (PIPA). Data were collected through in-depth interviews with 12 informants consisting of former OJK/Indonesia Stock Exchange (IDX) officials, capital market practitioners, academics, investigative journalists, and legal practitioners, as well as document analysis of prospectuses, financial statements, and OJK documents. The results identify four forms of IPO deviations: manipulation of material fact information, share allotment engineering, due diligence procedure violations, and discrepancies in the use of IPO funds. The BEBS case demonstrates how IPO deviations create structural conditions that facilitate pump-and-dump schemes through 57 nominee accounts, generating manipulative profits of IDR 14.5 trillion. This study identifies five factors causing weak detection and prevention: regulatory factors, law enforcement, corporate governance, market structure, and economic incentives. These findings confirm the OJK's statement that the root of stock price manipulation originates from deviations in the IPO process and emphasize the need for stronger supervision and enforcement.
Violations of the Prudential Principle and Fraudulent Practices in Indonesia’s Capital Market: A Case Analysis of OJK Sanctions Against Listed Firms Dewa Putu Yohanes Agata L. Sandopart; Lie Adek; Dewa Ayu Indiana Ida Loemongga Sandopart; Erma Wijayanti
Journal of Economics and Management Vol. 3 No. 3 (2025): Journal of Economics and Management, December 2025
Publisher : Lembaga Publikasi Ilmiah Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70716/ecoma.v3i3.461

Abstract

This research investigates how breaches of the prudential principle contribute to fraud within Indonesia’s capital market, focusing on listed entities penalized by the Financial Services Authority (OJK). Utilizing a qualitative multiple-case study approach, the analysis centers on four prominent cases: PT Repower Asia Indonesia Tbk (REAL), PT Multi Makmur Lemindo Tbk (PIPA), PT Bliss Properti Indonesia Tbk (POSA), and PT Mirae Asset Sekuritas Indonesia. Secondary data were gathered from OJK official statements, sanction rulings, national media reports, and legal documents spanning 2022–2025. Through pattern-matching and cross-case synthesis, three recurring violation patterns emerged: inadequate customer due diligence by underwriters, submission of inaccurate information during share subscription and allocation, and lapses in directors’ internal oversight. Fraudulent schemes primarily involved masking true beneficial ownership via nominee structures and offshore vehicles, alongside the fictitious recognition of assets financed by IPO proceeds. OJK’s enforcement strategy demonstrates a tiered, proportionate approach that extends to market intermediaries and, in select instances, crosses national borders. A notable systemic flaw identified is an enforcement delay of up to two years, which may weaken deterrence. The study validates the applicability of the fraud pentagon framework in emerging markets and offers actionable recommendations for enhancing risk-oriented supervision.
Resilience of Poultry SMEs: Sustainable Innovation for Environmental Management in Jakarta: A Literature Review Dewa Putu Yohanes Agata L. Sandopart
Journal of Economics and Management Vol. 2 No. 3 (2024): Journal of Economics and Management, December 2024
Publisher : Lembaga Publikasi Ilmiah Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70716/ecoma.v2i3.464

Abstract

This study analyzes the development of the topic of SME resilience and sustainable innovation published between 2021 and 2024. Based on an analysis of 92 registered documents, it was found that the number of publications each year has grown by 27.23% annually, reflecting rapid development in this field. The majority of the publications are scholarly articles with an average document age of 1.38 years, indicating that this topic is highly relevant and receiving significant attention in the current period. Furthermore, these documents have been well received in the academic community, with an average citation per document of 5,228. The study also reveals widespread collaboration among authors, with 307 authors involved, 34.78% of whom are international, indicating a global dimension to this research. Topics discussed include resource management, operational efficiency, and the social and environmental impacts of SMEs. Overall, the results of this study show that SME resilience and sustainable innovation are gaining significant attention in the academic community, driven by international collaboration and innovative approaches to addressing sustainability challenges in business.
The Influence of Cristiano Ronaldo's Individual Record Achievements on Sponsor Firms' Abnormal Stock Returns: A Case Study of Nike and Herbalife Dewa Putu Yohanes Agata L. Sandopart
Journal of Economics and Management Vol. 1 No. 3 (2023): Journal of Economics and Management, December 2023
Publisher : Lembaga Publikasi Ilmiah Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70716/ecoma.v1i3.499

Abstract

This study analyzes the influence of Cristiano Ronaldo's individual record achievements on the abnormal stock returns of sponsoring companies, focusing on Nike and Herbalife as case studies. The phenomenon of elite athlete endorsement has become a common practice in corporate marketing strategy; however, the literature remains limited in explaining the mechanism through which positive athletic performance affects shareholder value. This research employs a qualitative approach with a multiple-case study design. Data were collected through in-depth interviews with 12 informants comprising financial analysts, sports marketing experts, and retail investors, as well as document analysis of financial reports, analyst reports, and media coverage from the 2017–2023 period. The findings reveal that Cristiano Ronaldo's individual record achievements exert an asymmetric influence on abnormal stock returns: Nike demonstrates a positive response characterized by increased trading volume and investor sentiment, whereas Herbalife shows no significant response. Four key moderating factors are identified: brand-athlete congruence, investor profile, framing in analyst reports, and macroeconomic context. This study concludes that the effectiveness of athlete endorsement in creating shareholder value is not automatic but depends heavily on the alignment between the athlete's image and the sponsor's brand identity. The theoretical implication extends congruence theory into the domain of behavioral finance, while the practical implication guides corporate management in evaluating endorsement investments.
Between Illusion and Loyalty: Deconstructing Parasocial Relationships in Celebrity Endorsement on Fan Loyalty Using a Grounded Theory Approach Dewa Putu Yohanes Agata L. Sandopart
Jurnal Ekonomi, Manajemen, dan Bisnis Vol. 4 No. 2 (2026): Jurnal Ekonomi, Manajemen dan Bisnis
Publisher : Lembaga Penelitian dan Pendidikan (LPP) Kalibra

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70716/emis.v4i2.489

Abstract

The phenomenon of fans transforming from passive consumers into “digital warriors” who willingly sacrifice personal resources to defend their idols has created a new paradox in contemporary consumer behavior. Although previous research has confirmed the influence of parasocial relationships on purchase intentions, a critical gap lies in the inability of mainstream quantitative approaches to capture the transformational mechanism through which this imaginary relationship gradually crystallizes into transcendent loyalty that surpasses economic rationality. This study aims to construct a theoretical model explaining the transformation process of parasocial relationships into fan loyalty within the context of product endorsement. Using a grounded theory approach, this research involved 24 participants from three fan bases, including K-pop, football, and Indonesian musicians, through in-depth semi-structured interviews and digital document analysis. The findings produced a Three-Stage Parasocial Loyalty Transformation Model consisting of the Awakening phase, characterized by initial contact triggered by algorithms and identity seeking, the Immersion phase, marked by emotional and financial investment through digital rituals, and the Transcendence phase, where loyalty becomes naturalized as habitus. This study identifies a new concept referred to as “sacred loyalty,” a form of loyalty that adopts characteristics of devotion and actively rejects contradictory evidence. Theoretical implications include extending the parasocial relationship framework by incorporating dimensions of sacralization and digital collective engagement, while practical implications are directed toward marketers and media policymakers.
Navigating Betrayal and Loyalty: Narrative Construction of Minority Shareholders Regarding Devidend Decisions in Indonesian Family-Controlled Firms Dewa Ayu Indiana Ida Loemongga Sandopart; Dewa Putu Yohanes Agata L. Sandopart
Jurnal Ekonomi, Manajemen, dan Bisnis Vol. 4 No. 2 (2026): Jurnal Ekonomi, Manajemen dan Bisnis
Publisher : Lembaga Penelitian dan Pendidikan (LPP) Kalibra

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70716/emis.v4i2.493

Abstract

This study explores the narrative construction employed by minority shareholders as they navigate experiences of betrayal and loyalty concerning dividend policies within Indonesian family-owned enterprises. Utilizing a qualitative approach with an instrumental case study design focused on three family firms listed on the Indonesia Stock Exchange (IDX), the research involved in-depth interviews with 17 minority shareholders (both individual and institutional) whose ownership periods spanned 2 to 20 years. Thematic analysis, following the framework proposed by Braun & Clarke (2006), yielded four principal themes: (1) narratives of exclusion and powerlessness, (2) narratives of ambiguity oscillating between trust and suspicion, (3) narratives of resignation as a coping mechanism, and (4) narratives of conditional loyalty. The findings indicate that minority shareholders construct the meaning of betrayal as a violation of the psychological contract within the dimensions of both distributive and procedural justice. Conversely, loyalty is interpreted as a calculative commitment contingent upon the firm’s performance and the availability of alternative investment opportunities. This research contributes theoretically by enriching agency theory and signaling theory through the integration of a narrative perspective, while also identifying psychological coping mechanisms previously underexplored in the finance literature. Policy implications for capital market regulators and family-controlled companies are discussed.