The global financial crisis catalyzed a major re-evaluation of the relation: ship between society and the financial sector. Besides the immediate economi impacts from the crisis, it led to a breakdown of trust in institutions, includin financial institutions that have been slow to rebuild. Many within the financiaf sector, including those who have joined the Principles for Responsible lnvestmen ('PRJ') (United Nations Global Compact 2015), recognize the challenges that confront shared humanity especially around climare change and inequality and] are trying to find a solution by focusing on environmental, social and governance_ ('ESG') data. The rising share of asset managers and asset owners using ESG, in their investment decision-making has contributed to a growth in responsiblel investment. Beyond the societal demand for alternatives, prolonged quantitative easing, low or negative interest rates and the thirst for higher yields have floodedr investments into technology start-ups including Fintech companies to drive a new'. paradigm in financial services globally. With a greater faith in technology to dis- ,: rupt old ways of working, Fintech is seen as more capable ofdelivering customer- : centric solutions that democratize the incumbents' domination of how wealth is generated and ultimately invested.
The development of the microfinance as well as islamic microfinance Indonesia has been remarkable. It gains many attention by policy makers as well as academicians in many occasions. Topic that was discussed ranged from the past performance, current obstacle as wes as the problem, solution and the opportunity in the future (Hamad 2010, Bank Indonesia 2009,2010). The role of this microfinance gain more important during the recent financial crisis. The subprime mortgage occured in 2008 has affected many countries in the worlds. In Indonesia the effect can be seen from the stock market. Jakarta Composite Index (JCI) shows 2721.25 in January 2008 while it plunged to 1241.54 in October 2008. Companies which the operations is exposing themselves to the exchange rate were obviously got affected since the plunge of the stock market induce investors not to continue their investments in Indonesia. As a result ''fligh to quality" happened and this create fluctuation of the exchange rate. However, other sector such as microfinance does not seem to be affected.
By 2014 Indonesia registered 11.6 million inbound foreign tourists, 135% higher than the year 2000. Since then, government policies to promote tourism flourished. This article investigates the determinants of inbound tourism from the top nine mayor tourist origin countries into Indonesia covering the period of 2000 to 2014. This research employs a dynamic panel dataset to estimate the impact of per capita real income, relative prices, accommodation capacity, distance, and public infrastructure investment on international tourism demand in Indonesia, capturing demand- and supply-side effects. The results show that per capita income of tourists, relative price, and available rooms have a positive effect on tourism expenditure in Indonesia, while distance has a negative effect. Dummy variables capture large negative shocks in tourism arising from two terrorist attacks in 2002 and 2005, as well as from the global financial crisis in 2008. Income plays a positive but low impact on tourism demand compared to other nations. The positive effect of prices suggests an advantage of Indonesia in competitive tourism prices. Nevertheless, low prices also denote low value in tourism services. The substantial impact of accommodation may indicate that significant effects of tourism are allocated in lodging, minimizing the impact on other sectors.
Food security become very important as food crisis occurred in 2008. Under the administration of Susilo Bambang Yudhoyono in 2009 to 2014, the crisis due to increase in population in Indonesia encourages increase in food demand. However, to fulfill Indonesia's food demand it still depends on the availability from international market. This research aims to analyze why countries like Indonesia dependent on international markets for food security aspect despite having the capability to achieve fulfillment on food. To analyze the reasons, the concepts of comparative advantage, dependency, and national capabilities will be use to analyze the factors on why nations depend on international market to achieve its food security. Accompanied by a comparison between Indonesia with Vietnam, Malaysia, and United States to see the similarities and differences to achieved food security in the international market. With qualitative research methods and comparison focus on explanative research also using literature studies in data collection. The results of this study finds that Indonesia dependence are influenced by comparative advantage policy of other countries which in this case are Vietnam and Malaysia, the international market system that encourages dependency, and Indonesia inability to maximizing its national capability compared to United States. Keywords: dependency, comparative advantage, national capabilities, Indonesia, food security.
Financial management a necessity in the era of regional autonomy. Supervision in the financimanagement of local government conducted by Inspectorate City. Government Regulation (PP) No. 6of 2008 states that the role of the Inspectorate is to conduct internal oversight, ie the whole process oaudit, review, evaluation, monitoring and supervisory activities other against the implementation otasks and functions of the organization in order to provide reasonable assurance to users of financistatements area. The purpose of this study is to provide empirical evidence that the regulatory an supervisory personnel resources affect the supervision of financial management. This study usevalidity and reliability, the classic assumption test and multiple linear regression analysis. Engineerinsamples using purposive sampling with 45 respondents government's internal auditor. The resulshowed that the Regulation and Supervisory Apparatus Resources significant influence on thsupervision of financial management.Keywords: regulation, supervisory personnel resources, supervision of financial management.
A lot of researches have studied good corporate governance implementation in manufacturing companies; this research, however, is more focusing in banking industry. Since bank holds important key role in the economics, bank needs a good governance to get a good reputation to play its role well. This research was conducted using secondary data obtained from annual reports of banking companies listed in the Indonesia Stock Exchange for the year 2008 until 2012. The data was analyzed using multiple regression method.The result showed that foreign ownership, board size, and external auditor, as corporate governance variables, partially and significantly affect bank financial performance, while large shareholders, government ownership, commissioner size, independent commissioner proportion, and capital adequacy ratio are found to insignificantly affect bank financial performance. Furthermore, firm size as controlling variable, is insignificantly affect the relationship between corporate governance variables and bank financial performance.
Tourism is one sector that has helped support the Indonesian economy. Effort have been made to improve the quality of tourism in Indonesia, and to specific areas of the country. Practically all major Indonesian cities have their own branding strategies to increase the city's appeal and attractiveness (Parkerson and Saunders, 2004). The growth of specific intend tourism object such as golf, rafting and also MICE (Meeting, Incentive, Conference and Exhibition) which show some proofs to get foreign and domestic tourists attention to come to East Java and Surabaya as well. Globalization led to a growing number of tourists worldwide, there are an increasing number of tourists coming to Indonesia, spesifically to the city of Surabaya. In the year of 2008 there are 48,417 tourists coming to Surabaya. And in the year of 2009 that number increased to 136,539 tourists, 116,829 tourists in 2010 and 83,247 in 2011. Of all those numbers, most of them coming to Surabaya for their MICE activities. In 2008, about 63% of them coming to Surabaya to do their MICE activities. That percentage increased to 82% in 2009, 84% in 2010 then in 2011 increased to 85%. Indonesian government has set up 10 MICE destination cities, which one of them is the city of Surabaya. Looking at this big potential growth of MICE industry, it is important to improve the element of hospitality in Surabaya in supporting the growth of MICE industry, both for domestic and international tourists. This research has a purpose to describe through analyzing the preparation of Surabaya which has "Sparkling Surabaya" as its city branding. In advance, as the conclusion, it will be discussed about the obstacles and the solutions of marketing strategy to enhance the city branding of Surabaya.
Jurnal Ekonomi dan Bisnis. Vol. 17, No. 1, April 2014, p. 51 - 78 ; Implementation of Standard Operating Procedures (SOP) in the regional financial management should be conducted based on an internal control system in the local government. When conducting the examination, BPK shall examine and assess the internal control system of the local government. Thus, if the internal control system of the local government is adequate, then compliance toward SOP can be implemented, and the results of the testing and examination of BPK is expected to give a favorable opinion. The provincial government of Papua has decreased the results of the examination of financial statements for three consecutive years. In 2007-2009 the provincial government of Papua gets a qualified opinion, and in 2010 received a disclaimer opinion. The purpose of this study was to evaluate SOP application compliance of regional financial management, which can be known to through BPK examination report containing the findings and their opinions based on the criteria. The results showed that the Provincial Government of Papua has prepared SOP of its financial management in line with the rule in force. However, the SOP is not fully adhered to in practice, due to several factors: (1) weak of government internal control systems; (2) lack of financial management guidance and supervision
Cakrawala : Jurnal Penelitian Sosial. Vol. III No. 2 Nopember 2014, p. 249-268 ; European economic integration and unity of this currency leaves form a very significant ketergantungan among its members, so that a crisis was enough to shake the stability between the countries members of the other. Basically the single currency system seems to be double-edged blade for the European Union. On the one hand so profitable and increase the bargaining positions of European countries, but on the other hand is potentially detrimental. One reason is because of the level of adaptation of a State. Not all countries have a great economy to enter the euro zone. The existence of this single currency system to make the countries in the European Union will become vulnerable to a crisis. This is what led to the crisis that occurred since 2008 is so easily spread to countries in Europe. This research focuses on the policy decision taken by the third country in the European Union, namely Germany, France and the United Kingdom. Domestic political factors of history, and also the economic power of these countries also affect how the policy making process to rescue Greece from the crisis that is increasingly spreading to other European countries. The main purpose of the discussion of this paper is to provide new information concerning the handling of crisis from a process whereby policies domestic factors also gives countries a great influence, it also gives a view that Constructivist Theory is able to provide a view of the case.
Although trauma and public skepticism toward the military is still quite strong; though the sins of the military during the New Order freely beragai stripped naked in public space during the reform. In fact, military figures rose even more flying in many national level either party until the local level, both old and new parties. To face the new system of political contestation and the military is benefiting from a weakening factor of the consolidation of civilian political forces. Political parties and civic leaders increasingly anti Orba number berjibun be a dilemma. Elections are approaching need fresh energy to be the winner while they are still haunted by the various limitations of the cadre of crisis, financial crisis and the crisis of political networks. To rise, the former general has a genetic modalities required political parties and civic leaders that organizational discipline, a network of territorial and political violence. Political modalities of military culture is that interest civilian politicians because it can be replicated in consolidating the power of the party, although very risky memangun consolidation of democracy in Indonesia in the future. The choices here are to be assessed for reading the direction of the democratization of Indonesia.
The research about the women parliament candidacy based on problems, theory, methodology and researchanalysis being utilized by the researcher aims at 1) unveiling affirmative action policy in accordance to the2003 Public Election regulation (UU) and the 2008 political party regulation that are suitable policy along withefforts to enhance women representativeness in parliament within regional autonomy framework; 2) elaboratingpolitical party supports towards quota fulfillment process of 30 percent in line with the 2009 public electionregulation; 3) describing and criticizing mass media roles in the process of the political communication of womencandidates of DKI Jakarta Province in 2009; 4) discovering and exploring quality of the political communicationof women candidates of DKI Jakarta Province 2009; 5) highlighting women efforts and struggles regarding theregulation of political quota and regional autonomy are so-called 'counter hegemony' movement. Paradigmused in the research is critical paradigm with Gramcsian analysis model. Theory and concept of this research areAntonio Gramcsi's thoughts; hegemony-counter hegemony, political network alliance, political communication,radical feminism, mass media in the New Marxist perspective (Gramcsian) and regional autonomy concept.The research uses qualitative approach with case study method and feminist research as well as equipped bymethod of the Gramcsian-Marxist analysis. Results and discussion of the research argue that women have beenundergoing marginalization both culturally and structurally in the political realm resulting in injustice of theirrepresentativeness in parliament. The notion becomes rooted in the social structure and system and has been goingas a cultural system which is patriarchy system. The women altogether have to establish and belong to a solidnetwork alliance to give pressure towards the government; those are in power and the state in order to transformconditions of women representativeness in parliament. They are therefore expected to have bargaining positionthat is balanced or even stronger with the state. The position is needed by women in that they can compete withmen and create broader opportunity by which they achieve it by the release of the 2009 political party regulationand the running of the regional autonomy regulation. In the Gramcsi's concept, the equality of bargaining positionbetween women movement, represented as civil society and the state represented as political community highlylikely produce conceptual/intellectual and practical clashes to establish new hegemony whose consequence isto prosper woman community and broader civil society as well as political community. In this phase, Gramcsinames it as 'counter hegemony' movement in which women can present themselves and bear new hegemony afterwinning the conceptual war against the old hegemony. The women's struggles to run candidacy of The 2009 DKIregional election took a form of 'counter hegemony'. The effort was undertaken so that the women can owe highbargaining position in politics that is influenced by the other power namely mass media. The need to supports ofmedia industry is inevitable. Media industry, as institution having capital ideology, might highly possible be usedby women movement/ the civil. In addition, women can take benefits from media to assist struggles of 'counterhegemony'. As a consequence, the women's struggles of counter hegemony are complicated to do due to partialand incomprehensive efforts. The women political candidates of DKI Jakarta possess resistant movement spirit orfighting movement to transform cultural values of patriarchy especially in politics. In this notion, it is evident thatemancipation ideology is not effective to strengthen the movement unless it is as communal vision and missionfrom elements of struggles that can produce women great energy to achieve their goals. The energy is no other than'collective will' considered as fighting ideology which is necessary therein fighting ideas of women have constantand significant energy.Keywords : regional autonomy, political communication, Gramcsian Analysis, women parliament candidacydkijakarta 2009)
The refugee crisis is a global problem that needs serious attention. Responsibility-sharing is a core tenet of international responses to refugee crises. However, global governance, within the framework of the global refugee regime, is often practically ineffective to respond such problems. In this aspect, conceptual evaluation and reform are needed. In this particular momentum, civil society groups are able to be involved, in both performance evaluation and framework formulation related to global governance on refugees. One of the formal form of civil society is a non-governmental organization (NGO). Amnesty International is one of the NGOs involved in the process of evaluating and reforming global governance on refugees. This article aims to find out the form of Amnesty International's involvement in global governance on refugees. This study used descriptive-qualitative method. The findings in this article are that Amnesty International has a direct involvement in order to evaluate and to reform the global governance framework related to refugees through the 2016 UN High Summit for Refugee and Migrant. This involvement was demonstrated through performance evaluations and proposals for more genuine responsibility-sharing, both at the conceptual and technical level. Amnesty International in this involvement pursued an agenda that has two dimensions, namely: the dimension of institutional evolution and the agenda dimension.
The study aims to uncover the actor and political interests behind the adoption of International Financial Reporting Standard (IFRS) in Indonesia. Using the accounting ecology framework developed by Gernon and Wallace (1995), this study examines the reason of why Indonesia adopts IFRS. The study finds that the adoption of IFRS in Indonesia is driven by international interests. Indonesia's membership in IFAC, IOSCO, and the G-20 has resulted in Indonesia approved the use of global accounting standards.
The study aims to uncover the actor and political interests behind the adoption of International Financial Reporting Standard (IFRS) in Indonesia. Using the accounting ecology framework developed by Gernon and Wallace (1995), this study examines the reason of why Indonesia adopts IFRS. The study finds that the adoption of IFRS in Indonesia is driven by international interests. Indonesia's membership in IFAC, IOSCO, and the G-20 has resulted in Indonesia approved the use of global accounting standards.
This study aims to determine the reaction of foreign ownership on the Indonesia Stock Exchange to the adoption of International Financial Reporting Standards (IFRS). This study will examine the reaction of foreign ownership on the Indonesia Stock Exchange during the periods 2007-2010 and 2012-2015. The variables used in this study are IFRS and foreign ownership. It finds that the obligation of IFRS does not affect the development of foreign investment in Indonesia, because accounting standards in Indonesia have been adjusted to IFRS since 2008 and investment decisions are not only influenced by standard accounting policies, but also by other factors, such as the economic and political conditions of a country. This study is motivated by the results of previous studies regarding the reaction of foreign ownership of IFRS adoption, which is still controversial. Some studies suggest that IFRS adoption increases information appeal and can attract foreign investment, while other research states that IFRS adoption will not necessarily increase the number of shares held by foreign investors.
