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Local Governments' Performance in Sumatra are still vary, some has a good performance, and other is poor. According to the agency theory, the Ssupervisory Board (Legislative-DPRD) has an important role in improving the performance of local governments by overseeing the executive's behaviour. However, previous research in this area is still limited, especially among local governmentin in Sumatra Island. The research purpose is to investigate the effect of legislative characteristics on the performance of local governments. By using the 81 local governments (53% of the total population) and secondary data, we applied the multiple regression analysis is to analyses the data. The funding shows that there is no role of Supervisory Board (Legislative) to determine the performance of local government. However, one of control variable has a positive significantly relationship with performance, namely the operational revenue growth. The result have a theoretical and practical contribution. Theoretically, the study enrich the public governance literature and practically the society could advocate the role of supervisory board in improving the local governments' performance. Keywords: Legislactive's Characteristics. Local Governments' Performance and Sumatra.

This study aims to identify and analyze the influence of the party's identity, persona values, and demographic characteristics on voting behavior in Kerinci. The population was Kerinci community numbering 250 people. This study used accidental sampling technique. Data analysis using SPSS version 17 software assistance. The results of this study were 1) Identity of party influence on voting behavior in Kerinci district identity meaning the party for voting behavior in Kerinci district is able to influence the attitude of the people in making decisions in choosing a political party. 2) Value Prominent significant effect on voter behavior in Kerinci district means the value of the figure of a person greatly influenced the relationship between attitudes and behavior, and is also the basis to conform to social values prevailing in society as a voter. 3) Aspects of Demographic Characteristics (age, education level, income level and gender) was also significantly influence voting behavior in Kerinci. This means that there are differences in the demographic karakeristik Kerinci affect voting behavior. Keywords: Party Identity, Value Prominent, Aspect Demographics Characteristics,BehaviorVoters

This study aimed to reveal the effect of company characteristics, company size i.e., profitability, leverage, liquidity, and industry type; and corporate governance structure, consisting of the audit firm size and the independent commissioners' composition, on the intellectual capital disclosure. This research applied quantitative approach by testing seven independent variables through multiple linear regression analysis. The samples taken were 80 annual reports from companies listed in the LQ-45 index in the year 2012-2013. The method employed to select the samples was purposive sampling. Content analysis was applied to analyze the intellectual capital disclosure. This study revealed that only the company size showed significant positive impact to the disclosure of intellectual capital, while profitability, leverage, liquidity, industry type, the audit firm size, and the independent commissioners composition did not bring significant effect. In addition, based on the results of content analysis it can be concluded that the intellectual capital disclosure is quite low, amounting to 46.9%, with relational capital amounted to 34.74%, 32.54% of structural capital, and human capital reached 32.71%.

Kuta Bataguh is administratively located in Bataguh and East Kapuas Districts, Kapuas Regency, Kalimantan Tengah. The research aims to reconstruct the characteristics of Kuta Bataguh. This research is using interpretive-descriptive method with the inductive reasoning. Data collection used surveys, excavations, interviews, and literature study. The analysis included environmental, stratigraphic, artifactual, spatial, and absolute dating analysis. Survey (surface and aerial) and excavation activities were carried out inside and outside the fence, both downstream and upstream of the Karinyau River. The results illustrate that the characteristics of Kuta Bataguh are a large permanent settlement that is split by a river. The fortified settlement of Kuta Bataguh was the leader residence of Ngaju community group (as the center of power). By referring to the pattern, function and extent of this settlement, it can be assumed that the local authorities in Bataguh are on par with early state in their socio-political organization. ; Kuta Bataguh secara administratif berada di Kecamatan Bataguh dan Kapuas Timur, Kabupaten Kapuas, Kalimantan Tengah. Tujuan penelitian adalah untuk merekonstruksi karakteristik Kuta Bataguh. Penelitian ini bersifat deskriptif interpretif dengan penalaran induktif. Pengumpulan data menggunakan survei, ekskavasi, wawancara, dan studi pustaka. Analisis yang digunakan adalah analisis lingkungan, stratigrafi, artefaktual, ruang, dan analisis pertanggalan absolut. Kegiatan survei (permukaan dan udara) dan ekskavasi dilakukan di dalam dan di luar pagar benteng baik di arah muara maupun hulu Sungai Karinyau. Hasil penelitian memberi gambaran bahwa karakteristik Kuta Bataguh adalah tempat tinggal permanen yang luas dan dibelah oleh aliran sungai. Dengan berpatokan pada pola, fungsi, dan luasnya pemukiman ini, dapat diasumsikan bahwa penguasa lokal di Bataguh dalam organisasi sosial politiknya sudah setara dengan early state.

Muhammadiyah is one of the Islamic organizations in Indonesia. The existence of Elections in Indonesia's national history were carried out several times, namely during the Old Order era, namely 1955, the New Order period 1971, 1977, 1982, 1987, 1992 and 1997. Elections for a democratic country like Indonesia are very important because elections are a channel for people's aspirations. Elections that have been held in Indonesia have their own characteristics with differing democratic levels, so the truth of the argument needs to be proven in order to obtain an accurate answer. The results obtained from this study that the implementation of general elections in the Old Order period can already be categorized as democratic elections, with the many parties participating in the general election signifying the existence of freedom in political life, whereas during the New Order the democratic period faded along with the power of the Suharto regime which always curbed the political life of the Indonesian nation, the implementation of the general election during the Reformation especially the 2004 general election was more democratic because the implementation of the election could represent the aspirations of the people especially with the electoral system which was different from the previous election because with a combination of district and proportional systems then the people can know and know what people's representatives will like to channel their aspirations.

This paper is a revised version and an expanded version of the paper entitled 'Shares Divestment Scheme in Indonesian Mining Law'. Several cases of ICSID are cases of shares divestment, one of them is the Freeport case that offers divestment by giving the assumption of investment if the Government extends the Freeport Operational License until 2041. It violates determination of divestment share price as the value should be based on fair market price without calculating the amount of minerals. Shares divestment execution is often hampered by the determination of divestment shares' price. The purpose of the divestment arrangement was not achieved because of the price fixing issue which causes divestment failure or causes divestment delay, and the shares that were previously for the government eventually fell on private shareholders which might be owned by foreign parties. This paper is a legal research. It is intended to formulate a shares divestment scheme in the mining sector in Indonesia based on rational choice theory and public choice theory, which is expected to give a valuable contribution to the Government of the Republic of Indonesia as well as stakeholders and can be the ontological basis for laws and policies related to the investment and mining laws in Indonesia. The approaches which are used are the conceptual, statute, case and comparative approach. The primary legal materials that are used are legislation, international conventions and court decisions, while the secondary legal materials are in the form of literature and related materials.Key words: Investment law, mining law, national interest, rational choice theory, shares divestment.

The role of institutional ownership in the financial markets became very important. However, until today there is no consensus among researchers about the influence of institutional ownership on the characteristic of stock market. Therefore, researchers are motivated to conduct further research the influence of institutional ownership on the characteristic of stock market. The research conducted at the Indonesian Stock Exchange with traded spread and adverse selection costs as dependent variable and institutional ownership as independent variable. In addition to institutional ownership, also used standard deviation of common stock price and trading volume as a control variable to clarify the relationship of institutional ownership on the characteristic of stock market. The study was conducted on 120 firms with observations in the period 2010-2011. All the required data obtained from the Indonesian Capital Market Directory. The results showed that: First, institutional ownership has a negative and significant effect on traded spread. Second, the variability of traded spread is able to be explained by the variability of institutional ownership, standard deviation of the stock price, and trading volume 24.8 percent. Third, institutional ownership has a negative and significant effect on adverse selection costs. Fourth, the variability of adverse selection costs is able to be explained by the variability of institutional ownership, standard deviation of the stock price, and trading volume 26.2 percent. Fifth, the relationship between institutional ownership to traded spread and adverse selection cost before and after entering the control variables remain negative and significant.