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All Journal Open Access Indonesia Journal of Social Sciences Open Access Indonesia Journal of Social Sciences Enigma in Economics
Grace Freya Purba
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Humanities Economics, Econometrics & Finance Education Environmental Science Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Social Sciences

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Decolonizing the Endowment: A Critical Framework for Restructuring Museum Financial Portfolios to Support Restitution and Equity in Indonesia Yuniarti Maretha Pasaribu; Firzan Dahlan; Grace Freya Purba; Susi Diana; Giselle Dupont; Farah Faiza; Danila Adi Sanjaya
Enigma in Economics Vol. 3 No. 1 (2025): Enigma in Economics
Publisher : Enigma Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61996/economy.v3i1.89

Abstract

Museums globally are facing a profound ethical reckoning with their colonial foundations. In Indonesia, a nation with a rich history of resisting colonial rule, this discourse has intensified calls for the restitution of cultural artifacts. However, a critical barrier to these decolonial ambitions lies within the financial architecture of museums themselves: the endowment. This study investigated how traditional museum endowment management, guided by principles of perpetuity and maximum growth, often conflicts with and obstructs the ethical imperatives of restitution and equity. This research employed an explanatory sequential mixed-methods design. Initially, a quantitative analysis of the investment portfolios of three representative Indonesian museums—a national museum, a private institution, and a regional museum—was conducted. This was followed by a qualitative phase involving in-depth, semi-structured interviews with 22 museum directors, curators, financial managers, and representatives from source communities. The data were analyzed to identify correlations between investment strategies and institutional capacities for decolonial action. The findings revealed that museum endowments were predominantly invested in global equity and bond markets, with significant exposure to multinational corporations in the Global North, including those in extractive and banking sectors with colonial entanglements. This structure created a "perpetuity paradox," where fiduciary duties were interpreted as precluding the use of funds for restitution-related costs. A profound disconnect was identified between the museums' public-facing decolonial missions and their internal financial strategies. The study culminated in the development of the Restitution and Equity-Aligned (REA) Framework, a novel model for portfolio restructuring. In conclusion, traditional endowment management represents a significant, yet often invisible, colonial legacy within museums. To genuinely decolonize, Indonesian museums must move beyond curatorial gestures and fundamentally restructure their financial engines. The proposed REA Framework provides a viable, ethical, and financially prudent pathway for aligning investment practices with the moral obligations of restitution and the pursuit of reparative justice, offering a replicable model for institutions worldwide.
Nostalgic Collective Memory, Populist Rhetoric Exposure, and Social Transformation in Peri-Urban Communities of Palembang, South Sumatra, Indonesia: A Cross-Sectional Analytical Study Firzan Dahlan; Grace Freya Purba
Open Access Indonesia Journal of Social Sciences Vol. 9 No. 2 (2026): Open Access Indonesia Journal of Social Sciences
Publisher : HM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37275/oaijss.v9i2.322

Abstract

Nostalgic collective memory and exposure to populist rhetoric have emerged as significant sociocultural forces shaping contemporary social transformation in peri-urban areas of Southeast Asia. This cross-sectional analytical study examined the associations between nostalgic collective memory orientation, populist rhetoric exposure, and positive social transformation outcomes among 384 peri-urban residents in three purposively selected peri-urban sub-districts in a major city in South Sumatra, Indonesia. Participants were recruited through proportional stratified random sampling from sub-districts characterized by rapid urbanization and socioeconomic heterogeneity. They completed structured questionnaires assessing nostalgia levels (adapted 12-item scale, Cronbach alpha=0.82), populist rhetoric exposure (10-item scale), collective memory strength (8-item scale, alpha=0.78), community engagement, political trust, and perception of social transformation across six measured dimensions. Overall, 201 respondents (52.3%) perceived positive social transformation. Bivariate analysis demonstrated that high nostalgia levels were associated with 2.14-fold increased odds of perceiving positive social transformation (95% CI: 1.42-3.23; p=0.001), while high exposure to populist rhetoric was associated with 2.05-fold increased odds (95% CI: 1.36-3.09; p=0.001). Active community engagement was associated with 1.84-fold increased odds (95% CI: 1.22-2.77; p=0.004), and strong collective memory orientation was associated with 1.65-fold increased odds (95% CI: 1.10-2.48; p=0.016). Multiple logistic regression identified nostalgia level (AOR=1.89; 95% CI: 1.22-2.93; p=0.004), populist rhetoric exposure (AOR=1.76; 95% CI: 1.13-2.74; p=0.012), and community engagement (AOR=1.62; 95% CI: 1.05-2.50; p=0.029) as independent predictors. The model demonstrated moderate discriminative ability (AUC=0.735; Nagelkerke R²=0.187). These findings illuminate complex mechanisms through which nostalgic orientation, populist messaging, and community cohesion influence perceptions of social change in peri-urban Southeast Asian contexts.
Nostalgic Collective Memory, Populist Rhetoric Exposure, and Social Transformation in Peri-Urban Communities of Palembang, South Sumatra, Indonesia: A Cross-Sectional Analytical Study Firzan Dahlan; Grace Freya Purba
Open Access Indonesia Journal of Social Sciences Vol. 9 No. 2 (2026): Open Access Indonesia Journal of Social Sciences
Publisher : HM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37275/oaijss.v9i2.322

Abstract

Nostalgic collective memory and exposure to populist rhetoric have emerged as significant sociocultural forces shaping contemporary social transformation in peri-urban areas of Southeast Asia. This cross-sectional analytical study examined the associations between nostalgic collective memory orientation, populist rhetoric exposure, and positive social transformation outcomes among 384 peri-urban residents in three purposively selected peri-urban sub-districts in a major city in South Sumatra, Indonesia. Participants were recruited through proportional stratified random sampling from sub-districts characterized by rapid urbanization and socioeconomic heterogeneity. They completed structured questionnaires assessing nostalgia levels (adapted 12-item scale, Cronbach alpha=0.82), populist rhetoric exposure (10-item scale), collective memory strength (8-item scale, alpha=0.78), community engagement, political trust, and perception of social transformation across six measured dimensions. Overall, 201 respondents (52.3%) perceived positive social transformation. Bivariate analysis demonstrated that high nostalgia levels were associated with 2.14-fold increased odds of perceiving positive social transformation (95% CI: 1.42-3.23; p=0.001), while high exposure to populist rhetoric was associated with 2.05-fold increased odds (95% CI: 1.36-3.09; p=0.001). Active community engagement was associated with 1.84-fold increased odds (95% CI: 1.22-2.77; p=0.004), and strong collective memory orientation was associated with 1.65-fold increased odds (95% CI: 1.10-2.48; p=0.016). Multiple logistic regression identified nostalgia level (AOR=1.89; 95% CI: 1.22-2.93; p=0.004), populist rhetoric exposure (AOR=1.76; 95% CI: 1.13-2.74; p=0.012), and community engagement (AOR=1.62; 95% CI: 1.05-2.50; p=0.029) as independent predictors. The model demonstrated moderate discriminative ability (AUC=0.735; Nagelkerke R²=0.187). These findings illuminate complex mechanisms through which nostalgic orientation, populist messaging, and community cohesion influence perceptions of social change in peri-urban Southeast Asian contexts.
Co-Authors Danila Adi Sanjaya Farah Faiza Firzan Dahlan Giselle Dupont Susi Diana Yuniarti Maretha Pasaribu