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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 in collaboration with CMHC Research Center

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

Abstract

Background: Nostalgic collective memory and exposure to populist rhetoric are sociocultural forces that may shape how residents interpret rapid social transformation in Southeast Asian peri-urban communities. Objective: To examine associations of nostalgic orientation, populist-rhetoric exposure, collective memory, and community engagement with positive perceptions of social transformation. Methods: A cross-sectional analytical survey included 384 residents from three peri-urban sub-districts in South Sumatra. Proportional stratified random sampling and structured questionnaires were used. Bivariate analyses and multiple logistic regression evaluated associations with perceived social transformation. Results: Positive social transformation was perceived by 201 participants (52.3%). High nostalgia (OR=2.14), high populist-rhetoric exposure (OR=2.05), active community engagement (OR=1.84), and strong collective memory (OR=1.65) were significant in bivariate analysis. Independent predictors were nostalgia (AOR=1.89; 95% CI 1.22–2.93), populist exposure (AOR=1.76; 95% CI 1.13–2.74), and community engagement (AOR=1.62; 95% CI 1.05–2.50). Conclusion: Nostalgic orientation, populist messaging, and community engagement were associated with positive perceptions of social change, illuminating how memory and political communication interact in peri-urban 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 in collaboration with CMHC Research Center

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

Abstract

Background: Nostalgic collective memory and exposure to populist rhetoric are sociocultural forces that may shape how residents interpret rapid social transformation in Southeast Asian peri-urban communities. Objective: To examine associations of nostalgic orientation, populist-rhetoric exposure, collective memory, and community engagement with positive perceptions of social transformation. Methods: A cross-sectional analytical survey included 384 residents from three peri-urban sub-districts in South Sumatra. Proportional stratified random sampling and structured questionnaires were used. Bivariate analyses and multiple logistic regression evaluated associations with perceived social transformation. Results: Positive social transformation was perceived by 201 participants (52.3%). High nostalgia (OR=2.14), high populist-rhetoric exposure (OR=2.05), active community engagement (OR=1.84), and strong collective memory (OR=1.65) were significant in bivariate analysis. Independent predictors were nostalgia (AOR=1.89; 95% CI 1.22–2.93), populist exposure (AOR=1.76; 95% CI 1.13–2.74), and community engagement (AOR=1.62; 95% CI 1.05–2.50). Conclusion: Nostalgic orientation, populist messaging, and community engagement were associated with positive perceptions of social change, illuminating how memory and political communication interact in peri-urban contexts.
Co-Authors Danila Adi Sanjaya Farah Faiza Firzan Dahlan Giselle Dupont Susi Diana Yuniarti Maretha Pasaribu