Suchergebnisse

Patterns of business and political relations in the reform period is one form of transformation of the pattern of political and business relations of the New Order. This relation involving actors in the political and economical sector through the actions taken to share the resources of the state, where the practice of rent seeking is done openly in a democratic regime. Rent seeking in the reform period was transformed through regime change, from the authoritarian New Order regime to democratic regime in reform period. In the transformation process, rent seeking growing not only among economical and political / governmental actors at the central level but also extends to localactors. The shift in the relation of power from the center to the regions shifting the map of corruption that was once centralized and then spread to smaller level of area. Pattern of business and political relationships was transformed due to the reorganization of the business actors during the New Order to the current political situation to keep control of economic resources; The appearance of new businesses as new economic powers; and the presence of political/governmental actors still dominated by predatory power relations and clientelism.

Since the New Order era mining policy is strongly tended to be political for the fact that this sector is highly promising. The case on Clear and Clean mechanism was full of potency on rent-seeking with the modus of various regulation misuse. Every spot of rent-seeking in this case has provided different opportunity of manipulation. The Clear and Clean case also shown about the strength of central government against local government. The local government was considered as the party that resembles the business owner so it was their duty to save the asset. The strength of patron-client in clear and clean policy was mainly proven by the fact of the appearance of Individual triangle alliance as a broker. This also explained that woman and paranormal as third person was strongly very influential in lobbying between the interest business owners and bureucrates. The result of research also reconfirmed about the strength of patron-client model. This model was indicated by the existance of strength informal actors that penetrated the environment of formal bureaucracy. Strength of those informal actors was the main key of access business owner in the rent-seeking network and circle in different spots.

This study uses bank loan data to examine the effect of (political tie) between the company and the government to on the assessment of companies financial leverage and profitability in the bank lending decisions in Indonesia. The numbers of samples are 1465 observations. This study uses moderated regression analysis (MRA). The study finds that a political tie affect corporate profitability assessment in bank lending decisions. Firms with lower profitability receive larger bank loan because their political tie (rent-seeking hypothesis). However, this study inds that a political tie does not affect the assessment of financial leverage in bank's lending decisions. This finding also supports Faccio (2010), Fisman (2001), and Backman (2001). Indonesia condition which has a weak institutional regulation and high information asymmetry is beneficial for companies that have a political tie. This leads to more trusted political tie as an indicator of the profitability.

Musyarakah Mutanaqishah is one of akad which has minor risk compared to the other akad that is commonly implemented by sharia banking. In Musyarakah Mutanaqisah contract of cooperation Musyarakah Mutanaqishah can be done in various commercial business activities, with the form of business that is shariah compliant, among others; the principle of buying and selling, and renting rent. The important point is to be aware of that Musyarakah Mutanaqisah creates ownership in the form of a stationary asset, the parties in the union are not allowed to sell the portion of the assets owned to the other party outside the union without permission from other members of the union. Because, when members of the union sell their portions to the outside of the Union, there is a right to the members of the long-standing member of the assets that have been purchased by new members of the union. When the rights of Syuf'ah are applied, there is a worry that the parties are harmed. Based on this background, the author examines the right of Syuf'ah in Musyarakah Mutanaqishah contract. Based on the results of the study of the rules of agreement Musyarakah Mutanaqishah, based on theories and the rules of Dewan Syariah Nasional-Majelis Ulama Indonesia do not discuss the rules regarding the prohibition of parties in the union move or sell to other parties outside the union. But the implementation of this agreement on Sharia banking, the Otoritas Jasa Keuangan regulates the standard application of Musyarakah Mutanaqisah product. In the standard book the application of musyarakah Mutanaqishah products, arranged in relation to Negative Covenant clause. In drafting a financing agreement contract with the Musyarakah Mutanaqisah scheme, the bank should bind customer not to divert and surrender the portion of the customer's ownership to the other party, either in whole or in part. The author hopes the rule of application of this agreement is also noticed by other financial institutions, especially non-bank financial institutions in its transaction also implementing Musyarakah Mutanaqisah contract.