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All Journal Widya Cipta : Jurnal Sekretari dan Manajemen Jurnal Akuntansi Airlangga Journal of Innovation Management Indonesian Journal of Economy, Business, Entrepreneuship and Finance (IJEBEF) Jurnal Pengabdian Teratai Jurnal Akuntansi dan Manajemen Bisnis (JAMAN) Jurnal Ekonomi dan Manajemen (JEKMA) Jurnal Manajemen dan Bisnis Jurnal Penelitian dan Pengabdian Masyarakat Journal of Economics and Management Varied Knowledge Journal Jurnal Ekonomi, Manajemen, dan Bisnis PERSEPTIF: Jurnal Ilmu Sosial dan Humaniora Widya Cipta : Jurnal Sekretari dan Manajemen
Dewa Putu Yohanes Agata L. Sandopart
Institut Bisnis Dan Informatika (IBI) Kosgoro 1957
Religion Arts Humanities Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Engineering Environmental Science Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Mathematics Medicine & Pharmacology Social Sciences Other

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Resilience and Employee Well-being in Times of Political Demonstrations: A Literature Review Abdulah, Budiman; Sandopart, Dewa Putu Yohanes Agata L.
Airlangga Journal of Innovation Management Vol. 6 No. 4 (2025): Airlangga Journal of Innovation Management
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/ajim.v6i4.81721

Abstract

This study presents the results of an analysis of scientific trends and developments related to resilience and employee well-being during the period 2020–2025, encompassing 225 articles, 214 keywords, and 622 authors, with particular attention to issues concerning social dynamics and political demonstrations. This research aims to (1) map the development of publications and citation trends related to resilience and employee well-being; (2) identify the most influential authors, countries, and research collaborations; (3) evaluate the main themes and shifts in research focus throughout the study period; and (4) assess the extent to which resilience and employee well-being are linked to the context of political demonstrations in the global literature. This study employs a bibliometric approach, reviewing publication counts, citation trends, geographical distribution of research, and dominant themes. The results indicate an increase in the number of publications from 25 articles in 2020 to 48 articles in 2024, followed by a slight decrease in 2025 (45 articles). Citation trends declined from an average of 33.6 in 2020 to 1.36 in 2025, reflecting a time lag in the accumulation of scientific impact. The most prominent topics include employee well-being and well-being, followed by burnout, job satisfaction, and employee engagement. These findings illustrate that employee resilience and well-being have become a matter of international concern and that research specifically examining the relationship between the two and political demonstrations remains limited. In practical terms, this study recommends the need for organizational strategies and public policies that improve mental health support, work flexibility, and employee well-being holistically.
The Mediation of Buying interest to Shopping Lifestyle and Discount on Product Purchase Decision Abdulah, Budiman; Sandopart, Dewa Putu Yohanes Agata L.; Hapsari, Denintha Dwi
Widya Cipta: Jurnal Sekretari dan Manajemen Vol. 8 No. 2 (2024): September
Publisher : Universitas Bina Sarana Informatika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31294/widyacipta.v8i2.12230

Abstract

This study aims to determine the effect of shopping lifestyle on buying interest, discounts on buying interest, buying interest in purchasing decisions, shopping lifestyle on purchasing decisions through buying interest and discounts on purchasing decisions through product buying interest in the Shopee Indonesia marketplace. This study uses a quantitative approach, with an unknown population and a sample of 200 respondents. The sampling technique uses a statistical calculation method, namely using the Hair et al formula. While the type of sample used is purposive sampling, the analysis method uses Structural Equation Modeling (SEM) SmartPLS software version 3.0. The results showed that shopping lifetsyle had a positive and significant effect on purchase intention, discount had a positive and significant effect on purchase intention, purchase intention had a positive and significant effect on purchasing decisions, shopping lifestyle had a positive and significant effect on purchasing decisions through purchase intention, discount had a positive and significant effect on purchasing decisions through purchase intention. The practical implications of this research are expected to help shopee companies to maintain sales promotions by providing discounts to their consumers, because shopping lifestyle and discounts have a significant influence on buying interest and purchasing decisions.
Resilience of Poultry SMEs: Sustainable Innovation for Environmental Management in Jakarta: A Literature Review Sandopart, Dewa Putu Yohanes Agata L.
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 Sandopart, Dewa Putu Yohanes Agata L.
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.
Investor Expectation Management Strategies through IPO Roadshow and Book-building Processes Sandopart, Dewa Putu Yohanes Agata L.
Jurnal Ekonomi, Manajemen, dan Bisnis Vol. 3 No. 2 (2025): 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.v3i2.477

Abstract

This study explores investor expectation management strategies implemented by issuers and underwriters during the roadshow and book-building process of Initial Public Offerings (IPOs) on the Indonesia Stock Exchange. Employing a qualitative approach with an instrumental case study design, this research analyzes three main issuers representing the technology, consumer, and infrastructure sectors during the 2021-2025 period. Data were collected through in-depth interviews with 24 participants (issuer management, underwriters, institutional investors, and regulators), participant observation at three roadshow sessions, and document analysis of prospectuses and order book data. Thematic analysis yielded six main themes: (1) construction of corporate value narrative through selective framing, (2) two-stage price negotiation reflecting fundamentals and sentiment, (3) management of oversubscription and scarcity perception, (4) iterative feedback mechanisms between stages, (5) strategy differentiation based on issuer characteristics, and (6) implementation challenges and ethical risks. The main findings indicate that small technology companies employ aggressive strategies with the highest underpricing level (28.6%), while large infrastructure companies employ conservative strategies with the lowest underpricing (8.2%). This study confirms and extends Okamoto's (2023) two-step price adjustments model to the Indonesian emerging market context. The novelty lies in the systematic mapping of communication tactics used by management and underwriters in managing heterogeneous investor expectations. Policy implications include recommendations for adopting hybrid IPO auction models and strengthening supervision of selective disclosure practices during roadshows.
Dividend Policy Adaptation Strategies of New Issuers toward Capital Market Expectations: A Phenomenological Study Sandopart, Dewa Putu Yohanes Agata L.
Jurnal Ekonomi, Manajemen, dan Bisnis Vol. 3 No. 2 (2025): 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.v3i2.478

Abstract

This study aims to explore the dividend policy adaptation strategies employed by new issuers in responding to capital market expectations following an initial public offering (IPO). Using an interpretative phenomenological approach, this study involved 12 informants from 8 companies that conducted IPOs on the Indonesia Stock Exchange during the 2021–2023 period. Data were collected through semi-structured in-depth interviews, document analysis, and field notes. Data analysis followed the six-stage Interpretative Phenomenological Analysis (IPA) method. The findings identified four superordinate themes: signaling conformity (adherence to market signals), reported by 83.3% of informants; dividend smoothing, confirmed by all informants (100%); strategic decoupling (separation of formal policy from actual practice), identified in 58.3% of informants; and dividend theater (dividend narration as symbolic performance), which represents the original contribution of this study. The analysis reveals that the dividend policy of new issuers is not merely a rational financial decision but rather a social phenomenon shaped by collective market expectations and institutional legitimacy pressures. This study enriches signaling theory, agency theory, and institutional theory by incorporating processual and contextual dimensions. Policy implications recommend strengthening the Financial Services Authority’s oversight of earnings management practices and mandating new issuers to present more realistic dividend projections in their prospectuses.
Endorsement Communication Strategies in Building Consumer Trust: A Phenomenological Study of Social Media Followers Sandopart, Dewa Putu Yohanes Agata L.
Jurnal Ekonomi, Manajemen, dan Bisnis Vol. 1 No. 2 (2023): 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.v1i2.483

Abstract

The proliferation of endorsement practices on social media has created a paradox: on one hand, it enhances product visibility, yet on the other, it triggers consumer skepticism due to the ambiguity between organic and commercial content. This study aims to explore how social media followers interpret endorsement communication strategies in building—or conversely, eroding—consumer trust. Employing an interpretative phenomenological approach, this research involved in-depth interviews with 23 informants who are active followers of at least three influencer accounts on Instagram and TikTok. The principal findings identify ten interrelated patterns of consumer consciousness: authenticity radar, transactional fatigue, selective trust construction, parasocial compensation, value resonance, digital literacy as a modulator, temporal trust fluctuation, social proof calibration, disclosure cynicism, and post-purchase dissonance. This research contributes to the development of an updated Influencer Trust Decay Theory and offers practical implications for brands and endorsers in designing sustainable communication strategies.
From Celebrity to Speculator – Retail Investor Experiences with Controversial Endorsements and Stock Price Dynamics in Indonesia’s Emerging Market Sandopart, Dewa Putu Yohanes Agata L.
Jurnal Ekonomi, Manajemen, dan Bisnis Vol. 4 No. 1 (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.v4i1.484

Abstract

Celebrity endorsements and financial influencers have become a significant phenomenon in the Indonesian capital market, coinciding with a rise in stock manipulation cases driven by public figure recommendations. Regulatory authorities have documented numerous alleged capital market violations, including pump-and-dump schemes involving influencers. This study aims to explore in depth how retail investors experience and respond to controversial endorsements, and how these dynamics shape their perceptions of stock prices. Employing a qualitative approach with an instrumental case study design, the research involved interviews with 25 retail investors in Jakarta, Surabaya, and Medan who had invested in stocks promoted by endorsers. The findings identify three experiential patterns: FOMO-driven herding triggered by endorser authority, cognitive dissonance following losses attributable to recommendations, and resilience signaling as a self-defense mechanism. This study contributes by integrating source credibility perspectives with behavioral finance and offers policy implications for capital market regulators in managing influencer activity.
Investor Perceptions of Financial Performance Announcements and Their Impact on Trading Decisions: A Phenomenological Study of Commodity Cycle Companies Sandopart, Dewa Putu Yohanes Agata L.
Jurnal Ekonomi, Manajemen, dan Bisnis Vol. 2 No. 2 (2024): 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.v2i2.485

Abstract

Theoretically, profit and loss announcements should serve as fundamental signals guiding investment decisions. However, empirical evidence suggests that investors, particularly those trading in commodity cycle companies, often make decisions that are not entirely rational. This study aims to explore in depth how investor perceptions of financial performance announcements are formed and how these perceptions influence trading decisions in commodity cycle companies. Employing a qualitative phenomenological approach, the research involved 18 informants, including retail investors, investment managers, and securities analysts actively trading shares of commodity companies on the Indonesia Stock Exchange. Data were collected through semi-structured interviews and participant observation in investor discussion forums and subsequently analyzed using interpretative phenomenological analysis. The main findings reveal four central themes: the ambiguity of profit meaning amidst commodity volatility, emotional heuristics as the primary mediator of perception, cognitive dissonance between fundamental information and actual trading behavior, and social proof within investor communities as a decision catalyst. This study contributes to the expansion of behavioral finance theory by demonstrating that investor perception operates through dual-processing mechanisms that diverge from perfect rationality assumptions. Practically, the findings underscore the need for financial literacy programs that account for the psychological aspects of commodity cycle investors.
Between Illusion and Loyalty: Deconstructing Parasocial Relationships in Celebrity Endorsement on Fan Loyalty Using a Grounded Theory Approach Sandopart, Dewa Putu Yohanes Agata L.
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.
Co-Authors Abdulah, Budiman Achmad Fauzi Afriyanti Tri Mulianingsih Agnes Tiwan Andani Andrianto, Usman Dedeh Dedeh, Dedeh Delila Rambe, Delila Dinda Nur Septia Dwi Sidik Permana Dyah Puji Astuti Elina Anglaini Fairuzzaman Fairuzzaman Hapsari, Denintha Dwi Imam Santoso Indra Setiawan Mariani Febriyanti Juman Muhammad Adjie Adha Muhammad Aldi Firmansyah Muhammad Arya Dewanahalim Nabila Syahda Pramesti Noerlina Anggraeni Nurjanah Nurjanah Obing Zaid Sobir Putri Kardella Utami Putri Novia Rini Ruseno, Ndaru Ruswiati, Ruswiati Saiza Almaieda Siti Hajar Karepesina Suryaningsih, Fina Syandy Pramudya Ajitama Widjanarko Widjanarko, Widjanarko