Suchergebnisse

The aim of this study was to highlight the key finding of corporate political connections research. This study used 61 previous studies related to corporate political connections to develop a structured literature review. It was found that most studies were conducted in developing countries as they provided a unique institutional setting for conduct political connections research. In addition, a political connection is used as independent variables and the previous studies focuses on three related topics, which are corporate performance, corporate action, and loan and special rights. Literature review study become more important nowadays, as the number of empirical quantitative research amount has been increased lately. This analysis also has research and practical implementation for researcher, practitioners, and regulators.

The purpose of this study is to investigate the association between political connections and overinvestment in Indonesia as a democratic, multi-party and developing country. This study uses sample of 1,044 and 543 firm-year observations from listed firms on the Indonesian Stock Exchange from 2012 to 2017. A two-stage model is used to address overinvestment, which used two different measurements, then continued by ordinary least square regression to establish the main analysis result. This study finds that political connection is negatively associated with overinvestment in Indonesia. We also find that this negative association is increasing due to the existence of governance mechanism from both external and internal parties of the firm. Our results indicate that the significant negative associations between political connections with overinvestment, which later is strengthen by governance mechanism might be caused by several differences in institutional setting and/or political connections benefits between the previous research in China and with the place where this research is taken. This paper could give insights in decision-making for stakeholders to anticipate certain harmful issues to the companies that might be occurred by their politically connected top management like directors and commissioners.

TULISAN ini merupakan permenungan atas realitas yang memperhinakan peradaban bangsa. Korupsi merayapi seluruh koordinat institusi negara yang jumawah kuasa dengan harta dan tahtah. Khalayak menyaksikan betapa korupsi menjadi produk keserakahan "modal maupun otoritas legal" yang menjalar di tubuh negara. Simaklah korupsi yang diungkap KPK selama ini, termasuk korupsi sektor: pertambangan, layanan umum, e-KTP, serta para penikmat dana BLBI, adalah orang-orang yang berbilang "sang kuasa" kapital. Kasus skandal BLBI yang "naik-turun" pengungkapannya, dana pungut dan sogokan yang melintas di pojok-pojok "terminal" kota, serta transaksi sumber daya alam di bumi Papua yang belum tergoyahkan, sungguh telah membelalakkan mata publik.

This article investigates the relationship between director networks and earnings quality in Malaysia. Using data on 4,416 individual directors who served on the boards of 745 firms listed on Bursa, Malaysia during 2011, we map the entire network of directors and generate measures to reflect the size and quality of information within the network. We find a negative and significant relationship between the overall connectedness of a director's network and the firm's earnings quality. In addition, we find a negative and significant relationship between the political connectedness of the director's network and earnings quality. Our results are robust for different measures of earnings quality.

GEMPITA pilkada gemuruhnya tengah memekakkan telinga publik. Mimpi dan imaji dibaurkan dalam "pentas demokrasi" sebagai arena memanggungkan janji-janji. 171 daerah membentuk formasi menyongsong "suksesi kepemimpinan lokal" berbiaya tinggi. Fenomena mahar politik tidak terbendung memenuhi jalan rekomendasi partai. Sengkurat kian beranjak dengan paslon-paslon yang tertindih derap korupsi dari ruang kesumat tahta dan harta. OTT KPK terberitakan dalam pekabaran tanpa jeda atas problema "kerakusan" paslon pilkada. Partai-partai tampak menarasikan "kesuciannya", sementara rakyat senantiasa mendapatkan suguhan mengenai "najisnya" pergulatan pasangan. Mahalnya sesi perhelatan pilkada mengkonstruksi ingatan yang konklusif betapa "berharganya jabatan". Apalagi posisi kepala negara. Pilpres tidak mungkin menafikan diri bebas dari "kerumunan persekutuan bandar". Itulah yang mudah dieja oleh khalayak di kala membaca lembar demi lembar kisah jelang coblosan di bentara pilkada.

Keabsahan demokrasi seyogianya berbanding lurus dengan perbaikan kehidupan sosial, lingkungan dan ekonomi. Tahun 2014 ini telah dinisbatkan oleh publik sebagai Tahun Politik dengan helatan coblosan 9 April (pileg) dan 9 Juli (pilpres). lni merupakan babakan demokrasi yang harus diapresiasi dengan segala implikasinya terhadap pelaksanaan pemba,rgunan berkelanjutan (sustainable development) yang menyodorkan tiga pilar keseimbangan: ekonomi, sosial dan lingkungan. Terhadap pelaksanaan pemilu ini ada sesuatu yang mengkhawatirkan secara ekologis. Berjuta-luta ton sampah plastik dari alat peraqa katnpanye yang berjajar dari Aceh sampai Papua dapat membahayakan keseimbangan ekosistem nasional. Kontestan yang tidak ramah lingkungan dalam bahasa yang hiperbolik dapat mengguncang tatanan ekologis lndonesia. Dan inilah yang sedang dipentaskan.

The declining attention of young voters on several aspects makes political education very vital for the sustainability of democracy in Indonesia. Political education for students who are young voters in this case are students of the Constitutional Law is considered important to increase their participation at the tertiary level, namely the election of DEMA (Student Executive Council) IAIN Madura. This study used an approach to students of the Constitutional Law study program, Islamic State Faculty of IAIN Madura through observation and interviews as well as data collection supported by document studies through several relevant kinds of literature so that data triangulation was then carried out to produce valid data. The results showed that in the aspect of students' initial knowledge about elections from several informants of the Constitutional Law study program students obtained data that they already had a good understanding of. Then on the aspect of student perspectives on campus politics, some of them do not know information about the election of the chairman of the DEMA (Student Executive Council) due to several reasons behind it. So then to increase student political participation in the election of the chairman of DEMA the author formulated three political stimuli, namely through learning political science courses, through campus organizations, and mass media.

The purpose of this study is to investigate the relationship of firms with family ownership and their performance in Indonesia and further examine on how political connections affect this relationship. This study used 933 samples from 413 companies listed on the Indonesia Stock Exchange (IDX) in the period between 2014 and 2016. Using ordinary least square (OLS) regression, the results shows that firms without family ownership (non-family firms) have better performance than firms with family ownership (family firms) in Indonesia. Furthermore, the findings also show that the performance of family firms significantly improve when the firms are affiliated with political connections. Our findings imply that establishing political connections in family firms will increase the performance of the firms

This study analyzes the effect of political connection and effectiveness of audit committee on audit fee. This study uses the sample of non-financial companies listed on the Indonesia Stock Exchange (IDX) in 2015-2017. They were take using a purposive sampling method. The total number of companies is 444 companies. The data were analyzed using SPSS 20 and the hypothesis testing was done using linear regression with a significance level of 5%. The F test indicates that the research model is stable and significant. The value of R square is 38.4%, indicating that there are other variables that can affect the model by 61.6%. The results of this study show that political connection has a significant positive effect on audit fee and the effectiveness of audit committee also has a significant positive effect on audit fee because audit committee wants a higher audit quality from the auditor.

This study examines the relationship between firm-level political connections and stock price crash risk in Indonesia. It employs the difference-in-difference design to deal with the self-selection bias issue regarding the choice of the firms to become a politically connected firm. We use the sudden resignation of the former President of Indonesia, Suharto, to show that politically connected firms are associated with lower stock price crash risk and that the risk for these politically connected firms increased after Suharto resigned. Furthermore, we found evidence that these negative associations are more pronounced in firms with more complex firm structures.

The objective of this study is to identify the dynamic aspect of relationships among the members of tarekat that accompany political development. This study is conducted in the region of Kudus, central Java, The respondencs are the leaders (guru), as well as followers (murid) of two groups of tarekat named Qadiriyah wa Naqsyabandiyah and Naqsyabandiyah Khalidiyah. The present study has interviewed 15 leaders and 50 followers.