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ABSTRACTThe word democracy is increasingly popular in various developing countries, both at the level of discourse and the level of the social and political movements. As a political system, democracy has topped many countries because it is considered capable of regulating and resolving social and political relations, both involving interests between individuals in society, relations between communities, society and countries and between countries in the world. The collapse of communism in 1989 became an important momentum for democracy as a political system to spread its influence throughout the world. As a concept, democracy has a broad meaning with its own complexity. This paper tries to explain the variance of democracy, especially the debate between liberal democracies and social democracy. Besides that, he also tried to explain the practice of democracy in Indonesia after the 1998 reform era and showed the problems faced by this country in creating a democratic society. Finally this paper wants to explain that democratization in Indonesia is still in process and there are still many things that need to be addressed. Keywords: democratization, liberals, social, acceleration, Indonesia

Indonesia has been present and is still able to maintain itself as a democracy icon that should be followed by other countries. As one of the largest democracies in the world, Indonesia in more than ten years is continue growing and transforming with its diversity in society, the dynamics and diversity issues. Indonesia was still able to maintain its identity as a democracy. Through these facts, this paper tried to describe the political situation in Indonesia in the 2014 Presidential Election, as well as reflect further on the response and the effect of foreign parties to the democratic mechanism. What happens in the electoral process in recent months and how Indonesia continues to become an example of the success stories of various identity democracies as diverse as a multicultural country, developing countries, as well as the country with the largest Muslim adherents in the world. This paper sees the problem through the concept of elections and democracy based on the analysis of identity. Where the author tried to look outside the box of the electoral process in the domestic political analysis that has been done before. Probe Indonesia based on its identity in the international sphere as a democratic state becomes interesting when its identity was assessed by comparing it with other identities such as identity and role as a developing country and collective identity as the Southeast Asian country. The papers argue that the election process in Indonesia is not only shaped by domestic factors. Indonesia democratization maturity today can't be separated from the support of international and Indonesian efforts in playing a role and maintain its identity as a democratic country in the international sphere. Keywords: democracy, election, identity

Profit and loss sharing (PLS) financing should be the main operational characteristic of Islamic financial institutions because it more comply to sharia (Islamic law) and more fair (Chapra, 2001:223). But in fact, PLS-financing in Islamic micro-finance (IMF) in Indonesia is very small, which is about 20% of total financing. Some IMF"s managers think that PLS-financing is lead to poor performance due to the nature of uncertainty. This study aims at analyzing the effect of PLS-financing on the business performance, social performance, and maslahah (benefits) for stake holders. Maslahah is the purpose of Islamic law (sharia). By this, PLS-financing as the implementation of Islamic law have to improve maslahah for stakeholders. This study uses quantitative approach with partial least square (PLS) analysis. PLS analysis is used to determine the relationships among the latent variables; PLS-financing, business performance, social performance, and maslahah. On this study, all of the latent variables are measured by formative indicators. PLS-financing is formed by mudaraba financing and musyaraka financing. Business performance variable is formed by three indicators; return on assets, performing financing, and financing to deposit ratio. Social Performance variable is formed by three indicators; qard-qardul hasan financing; distributing of alms, infaq, sadaqah; and social funds. Maslahah variable is formed by five indicators; maslahah of owners, executives, employees, government, and society. The results indicate that the PLS-financing affects business performance negatively, but business performance affects the social performance and maslahah positively. By this result, it can be concluded that the allocation of PLS-financing of IMF affects the maslahah negatively. The cause is many PLS-financing given to start up business has high risk.

Waqf is an Islamic philanthrophy instrument that can be used as a source of funds for Muslims. Indonesia as a country that has the largest Muslim population in the world, but in practice the realization of the optimization of the potential and utilization of waqf funds in Indonesia is still low, while Singapore which is a minority Muslim is able to utilize waqf funds optimally and productively. The priority of regulatory issues is less supportive, because regulation is the basis or legal basis for the management of waqf. The purpose of this research is to compare the regulation and management of waqf management in Indonesia and Singapore, so that the implications of this research result can be used as input for the development of waqf management in Indonesia. The research method used is descriptive qualitative approach and a statute approach. The results of this research is waqf regulation in Indonesia contained in Law No. 41 of 2004 and Government Regulation Number 42 of 2006 as implementing regulations. Waqf regulations in Singapore are found in the Administration of Muslim Law Act (AMLA) in the Act. No. 27 of 1966. Most of the management of waqf in Indonesia is still on the property of waqf not moving like land, but in its development Indonesia is developing waqf of movable property (cash waqf). The management in the development of productive waqf in Singapore uses istibdal method which is applied in various forms to make waqf assets have high value and are productive.

This study aims to determine the relationship between zombie companies and the performance of corporate social responsibility, with corporate governance and ownership as moderator variables. A zombie company is a near-insolvent firm due to inefficiency and low profitability but still survive with external support from the government or bank (Kane, 1987). The determination of the sample is done by a purposive sampling method, with OLS and Moderated Regression Analysis methods. The number of research samples is 288 companies with a total of 1865 observations for the period 2010-2017. The analysis shows that CSR performance in zombie companies is lower than that of non-zombies. The moderator variable of corporate governance is proxied by board composition, while ownership is proxied by family ownership and institutional ownership. The board composition and institutional ownership variables do not moderate the negative effects of zombie companies on CSR performance, while the family ownership variable worsens the relationship between zombie companies and CSR performance. The research control variables are financial leverage, a dummy of state-owned enterprise, and firm size. While financial leverage has no effect on the CSR performance, the state-owned enterprise and firm size are positively related to that performance.

One of the market anomalies that often occurs in the capital market is the January Effect. This phenomenon occurs when stock returns in January become higher or increase compared to other months. Thus, this study aimed to analyze the January Effect and test the effect of institutional ownership of the anomaly January Effect. This study also uses market returns, stock turnover, and firm's size as control variables. The sample in this study were 73 companies that are categorized as LQ-45 inIndonesia Stock Exchange(ISE) period of 2012 to 2014 in accordance with predetermined criteria. This research method is purposive sampling with analysis techniques using t-test and Moderated Regression Analysis (MRA) which uses (α = 5%). The results of this study proves that the January Effect andinstitutional ownership has significant negative effect on January Effect. In addition, the results showed that market return, stock turnover, and firm's size has a significant positive effect on return.

The purpose of this study is to explain how ASEAN solved problems in stabilizing their territory. As we know the formation of ASEAN as a regional organization of Southeast Asia is to liberate countries in Southeast Asia from the influence of The Great Powers. This is in line with the realism that deeply bound within ASEAN. Ahead of the 15th anniversary of the formation of ASEAN, there was a major conflict between Vietnam and Cambodia, precisely in the 1970s. This is one of the catalysts that destabilize the ASEAN's stances to avoid various types of multilateral relations. The method used in this research is qualitative with historical analysis from various literatures. After successfully resolving the conflict, in 1994 ASEAN established ARF as a workplace to discuss security in Asia, in order to facilitate such conflicts to occur again. ARF members are not only ASEAN countries but also superpowers. This is contrary to the foundation of ASEAN itself. In essence it shows that realism is willing to subdue with liberalism.

This book examines how style and intersubjective meanings emerge through language use. It is innovative in theoretical scope and empirical focus. It brings together insights from discourse-functional linguistics, stylistics, and conversation analysis to understand how language resources are used to enact stances in intersubjective space. While there are numerous studies devoted to youth language, the focus has been mainly on face-to-face interaction. Other types of youth interaction, particularly in mediated forms, have received little attention. This book draws on data from four different text types - conversation, e-forums, comics, and teen fiction - to highlight the multidirectional nature of style construction. Indonesia provides a rich context for the study of style and intersubjectivity among youth. In constructing style, Indonesian urban youth have been moving away from conventions which emphasized hierarchy and uniformity toward new ways of connecting in intersubjective space. This book analyzes how these new ways are realized in different text types. This book makes a valuable addition to sociolinguistic literature on youth and language and an essential reading for those interested in Austronesian sociolinguistics.

Small Medium Entreprises (SMEs) and Cooperative have not received a proper law protection in facing trade liberation of ASEAN Economic Community (AEC) and economic globalized world. In 2015 AEC has been established that would bring a huge change in Southeast Asia regionS and definitely will have a wide impact to business people in Indonesia. SMEs and Cooperative contribute to more than 90 percent of total Indonesian national economy. However, they are weak on investment and information technology and management skill as well as competition law among ASEAN Member States. Economic policies do not give a sufficient protection to SMEs and Cooperative. This article tries to seek solutions for SMEs problems especially their legal structure in order to enhance their competitiveness. This article argues that the government can provide legal protection by reforming SMEs economic sectors similar to the AEC's priority sectors by which the Indonesian' SMEs would become world class corporate.

Mahathir Mohamad: Keynote address. - S. 1-20. Dialogue with the Prime Minister. - S. 21-49. Report of plenary session I: Forging cooperation for a better future. - S. 51-73. Resolutions of workshop group I: Forging cooperation from the political dimension. Resolutions of workshop group II: Forging cooperation from the religio-cultural dimension. Resolutions of workshop group III: Forging cooperation from the economic dimension. - S. 75-108. Report of plenary session II. - S. 109-136. Abdul Hamid, Ahmad Sarji bin: Closing remarks. - S. 137-140

Corruption, Collusion and Nepotism (KKN) are social diseases that have long infected the nation and state of Indonesia. This paper conveys the social movement theory in the effort to create a government free from KKN through strengthening the role of masyarakat madani (civil society). The Jenkins and Klandermans' diagram of the relationship of social movements with the state and the political system illustrates the problem of a three-way relationship between social movements, political representation and the state. The issue is the extent to which opportunities represented by political representatives in social movements, the impact of social protests on political parties and official political processes, as well as the implications of these relations in modern democracies. In this case, the social movement's chances through the 1998 reforms have been able to undermine the authoritarian New Order regime, a good start for the creation of democracy in Indonesia. However, it turns out that KKN disease that has been rooted to create systemic corruption (institutional entry) creates its own difficulties in eradication. Civil society as an alternative to social forces should be encouraged to play a role in solving the chaotic reform of the Indonesian bureaucracy. The role of civil society through NGOs, intellectuals, students, workers or labours, mass organizations, religious leaders, social media, press and other elements of society are expected to make the government more assertive in enforcing the law and crack down on KKN actors according to MPR XI / 1998, Anti-Corruption Law, as well as other supporting regulations that have been created. Law enforcement agencies, including POLRI, KPK, Judicial Commission are expected to play a role. This is of course with the participation of civil society as a control force that offsets the strength of government in upholding truth and justice. Keywords: civil society, social movements, KKN (Corruption, Collusion, and Nepotism), clean government.