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All Journal Open Access Indonesia Journal of Social Sciences Open Access Indonesia Journal of Social Sciences Enigma in Economics
Danila Adi Sanjaya
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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.
Algorithmic Enclaves and Political Sophistication: A Structural Equation Modeling (SEM) of Gen Z’s Voting Behavior in Indonesia’s 2024 Election Arya Ganendra; Danila Adi Sanjaya; Ifah Shandy
Open Access Indonesia Journal of Social Sciences Vol. 8 No. 3 (2025): Open Access Indonesia Journal of Social Sciences
Publisher : HM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37275/oaijss.v8i3.304

Abstract

The 2024 Indonesian General Election marked a paradigm shift in democratic engagement, with Generation Z emerging as the primary electoral demographic. This study investigates the impact of algorithmic enclaves—AI-curated digital spaces—on the voting behavior of young voters. It specifically explores how these enclaves influence political sophistication and whether they facilitate informed decision-making or exacerbate affective polarization in a transitioning democracy. Utilizing a quantitative approach, this research employs Structural Equation Modeling (SEM) to analyze a nationwide dataset of 1,200 Gen Z respondents aged 17–27. The model tests the structural relationships between Algorithmic Awareness, Echo Chamber Exposure, and Political Sophistication as determinants of Voting Behavior. The SEM analysis demonstrates that Algorithmic Enclaves have a significant direct effect on voting preferences (Beta = 0.48, p < 0.001). Crucially, Political Sophistication serves as a partial mediator; however, its efficacy is contingent upon Algorithmic Awareness. For voters with low awareness, enclaves significantly narrowed political horizons, whereas high awareness acted as a moderating buffer. In conclusion, the study concludes that algorithmic curation has redefined the Indonesian political landscape. To safeguard democratic integrity, it is imperative to transition from basic digital access to advanced algorithmic literacy.
Algorithmic Enclaves and Political Sophistication: A Structural Equation Modeling (SEM) of Gen Z’s Voting Behavior in Indonesia’s 2024 Election Arya Ganendra; Danila Adi Sanjaya; Ifah Shandy
Open Access Indonesia Journal of Social Sciences Vol. 8 No. 3 (2025): Open Access Indonesia Journal of Social Sciences
Publisher : HM Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37275/oaijss.v8i3.304

Abstract

The 2024 Indonesian General Election marked a paradigm shift in democratic engagement, with Generation Z emerging as the primary electoral demographic. This study investigates the impact of algorithmic enclaves—AI-curated digital spaces—on the voting behavior of young voters. It specifically explores how these enclaves influence political sophistication and whether they facilitate informed decision-making or exacerbate affective polarization in a transitioning democracy. Utilizing a quantitative approach, this research employs Structural Equation Modeling (SEM) to analyze a nationwide dataset of 1,200 Gen Z respondents aged 17–27. The model tests the structural relationships between Algorithmic Awareness, Echo Chamber Exposure, and Political Sophistication as determinants of Voting Behavior. The SEM analysis demonstrates that Algorithmic Enclaves have a significant direct effect on voting preferences (Beta = 0.48, p < 0.001). Crucially, Political Sophistication serves as a partial mediator; however, its efficacy is contingent upon Algorithmic Awareness. For voters with low awareness, enclaves significantly narrowed political horizons, whereas high awareness acted as a moderating buffer. In conclusion, the study concludes that algorithmic curation has redefined the Indonesian political landscape. To safeguard democratic integrity, it is imperative to transition from basic digital access to advanced algorithmic literacy.
Co-Authors Arya Ganendra Farah Faiza Firzan Dahlan Giselle Dupont Grace Freya Purba Ifah Shandy Susi Diana Yuniarti Maretha Pasaribu