Ascarya: journal of Islamic science, culture and social studies
ISSN: 2775-4243
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ISSN: 2775-4243
This paper would like to analyze the development of study of International Relations in Indonesia which has progressed very rapidly. The science of lucrative International Relations since April 1919 in Britain and into Indonesian territory since the 1945's, has been in great demand by the public, gaining a place in the hearts of the social scientific community, and contributing a lot to the foreign decision-making played by the government. Therefore, it is important to look at opportunities, challenges, and prospects for the development of International Relations studies in Indonesia to date. ; This paper would like to analyze the development of study of International Relations in Indonesia which has progressed very rapidly. The science of lucrative International Relations since April 1919 in Britain and into Indonesian territory since the 1945's, has been in great demand by the public, gaining a place in the hearts of the social scientific community, and contributing a lot to the foreign decision-making played by the government. Therefore, it is important to look at opportunities, challenges, and prospects for the development of International Relations studies in Indonesia to date.
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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.
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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.
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From various surveys on the quality of public services shows that low public services in Indonesia, more affected due to poor quality of human resources officers. Therefore it is necessary to reform human resources through capacity building apparatus. With reference to the experience of three countries (Britain, Australia, New Zealand), then capacity building in Indonesia should be taken seriously by political commitment at both the macro and micro: (1) change in mindset of officials, (2) Capacity building of intellectual capital, ( 3) Capacity building of intellectual capital, (4) Capacity building of intellectual capital. Besides the focus on human resources, Capacity building also should be coupled with capacity building institutions
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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.
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Purpose The study aims to examine the military-connected firms' risk preference, specifically in the innovation intensity level context. The authors argue that firms with military-experienced top management have conservative and risk-averse behavior, influencing the innovation investment policy. Design/methodology/approach The authors use nonfinancial Indonesian-listed firms from 2010 to 2018 amounted to 2,504 firm-year observations. Findings The authors document a negative relationship between military connection with both innovation activities and outputs. The additional analysis documents that risk-preferences of military-connected firms will be drastically changed when the industry has a high digital level, which confirms that risk-averse military-experienced management is less dominant with adaptation skill. The authors also identify that veterans did not need a long tenure to influence firms' innovation investment policy. Lastly, the result is robust due to various endogeneity tests employed. Originality/value This study further examines military-connected firms' technological innovation compared to prior studies and enriches the related literature.
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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.
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This study aims to analyse the level of efficiency of zakat institutions in Indonesia between 2014 and 2018. Zakat institutions are divided into three clusters based on the organisation's nomenclature: the government, public, and private groups. The division of these clusters aims to see differences in the management of zakat funds between each group. This study uses a quantitative research approach through the Free Disposal Hull (FDH) method to produce a more comprehensive average efficiency estimation than the Data Envelopment Analysis (DEA). The sampling technique is purposive, and there are fourteen research objects observed. The government cluster is the cluster with the highest efficiency value. The private set comes in second, and the public group comes in third ranking. The high score that the government cluster earns is due to their primary business purpose, which focuses on managing zakat funds. The results of this study can be used as references for the policy establishment of zakat institutions in Indonesia.
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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
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Purpose This study aims to develop an Islamic crowdfunding model based on a website platform for startup companies. Design/methodology/approach Apart from reviewing related literature, specifically focus group discussion with 16 CEO of startup companies, in-depth interview with two crowdfunding provider, Fiqh expert and technology platform expert for the development of an Islamic crowdfunding website platform for startup companies. Findings The concept of Islamic crowdfunding is recommended as a funding solution for small and medium-sized enterprises and startup companies. Therefore, it was deemed crucial for this study to develop an Islamic crowdfunding model based on a website platform as a form of innovative acceleration to provide alternative funding for a startup company, which subsequently expands to a growing and sustainable business. Furthermore, the use of a website platform for the operation of a crowdfunding mechanism is deemed as an effective means to link cross-geographical investors with the startup company owners in Indonesia, specifically East Java. Practical implications Islamic crowdfunding website platform can be the solution for startup companies to obtain capital funds while startup companies are not able to provide collateral to attain financial assistance and experience problems. Expectedly, the government should provide legality, regulation, licensing and socialization matters pertaining to crowdfunding to obtain legal legality from the country. Originality/value There is still no research to develop the Islamic crowdfunding model using a website platform. This study was expected to provide essential insights on the effective development of an Islamic crowdfunding website platform integrated with startup companies, investors and Sharia committee.
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Purpose of the study: This study aims to examine foreign debt as a source of financing for economic development. This research is expected to provide (1) an overview of debt as a source of funding for state projects, (2) investigate its impacts and (3) offer additional knowledge of its Islamic perspective. Methodology: This research is a qualitative study using the study literature approach. This research is conducted by analysing books, literature, journals, and magazines with themes related to the focus of the discussion on this study. It is expected that the method used can provide insight, general knowledge, and develop the view of Islam in relation to foreign debt. Main Findings: The government has to ensure that the state has the ability to pay off its obligations in the future; guarantee that loans have to be free from interest; prioritize taking loans from internal sources rather than external sources. In Addition, debts are not intended for deferred needs and not taking loans that exceed their needs. Applications of this study: basically the results of this study can be applied to any country that considers the use of public debt, like other Islamic systems. Novelty/Originality of this study:This research is conceptual research in an Islamic perspective. This study successfully examined comprehensively related to the public debt with the Islamic approach.
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Government Internal Auditor Apparatus (GIAA), as a professional organization of government internal auditors, consists of Indonesia's National Government Internal Auditor (BPKP) and Inspectorate on the level of local government and has a very important role in creating clean, fair, transparent, and accountable governance. Nevertheless, in running its responsibilities and functions, GIAA often faces audit conflicts that lead to a dilemma situation. The audit conflict will become an ethical dilemma when GIAA faces ethical and unethical choices that determine an auditor's decision-making (Windsor et al., 1995). GIAA as a professional organization is required to be able to make appropriate conclusion from the audit findings based on the applicable code of ethics in the constitution and profession. Ethical decision is a publicly acceptable conclusion, both legally and morally ( Jones, 1991; Trevino, 1986). Several previous studies suggest that there are significant individual and situational factors that influence a person in making decisions ethically (Trevino, 1986). The individual factor that influences one's determination in facing ethical dilemmas is spiritual and ethical orientation, whereas the situational factor that supports in ethical decision-making is personal ethical judgment. Based on the aforementioned explanation, this study aims to examine the effect of ethical orientation on ethical decision, either directly or through ethical judgement at GIAA of Financial and Development Supervisory Board (BPKP) and Inspectorate East Java Local Government. Test results show that ethical orientation has a significant positive effect on ethical decision; ethical orientation has a significant positive effect on ethical judgment; ethical judgment has a significant positive effect on ethical decision; and ethical judgment mediates the relationship between ethical orientation and ethical decision.
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IMFI (Islamic Micro Finance Institutions) is a microfinance institution that can provide ease of access, especially for people who have SME ( Small and Medium Enterprises). The purpose of this study is to determine how the concept of cooperation network between the government, private sectors and universities in strengthening SME capital through IMFI. The method used in the study is a qualitative method using a discourse analysis data analysis technique. The result of this study indicates that the cooperation between the government, private sectors, and universities in strengthening the capital of SME through IMFI can be implemented using a linear collaborative of partnership model, while capitals that can be utilized such as RLF of government, CSR funds from the private sector (companies), program linkage with Islamic Banks, training and preparation of skilled workforces from universities to support the development of IMFI and SME.
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Food Estate is a government program with the concept of integrated food production development covering agriculture, plantation and animal husbandry located in a large land area. In simple terms the concept of Food Estate like a food industry villages. In running this program required a large capital, so the government opens opportunities for investment locations for the private sector to achieve efficiency, effectiveness and added value of the products that produced. The presence of a wave of private investment in the food estate program was not able to raise the welfare of the tenant farmers. Agricultural land tenure by investors makes the farmers only as laborers. So, the investors are who get benefits in this food estate program. To overcome this problem, it is necessary to look for other capital alternative. By using library research, in this study, cash waqf can be used as the capital alternative. Through cash waqf, assets of waqf in the form of empty lands can be used to be processed into agricultural land. Cash waqf can also be in the form of productive loans for farmers and agricultural investment. The large potential of cash waqf in Indonesia is expected to replace the role of private investors.
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