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"Abstract. Ownership structure has a direct relationship with company’s capital structure where the cost of capital is the main component in the calculation of economic value added to measure the value of the firm. This research aims to analyze the effect of ownership structure that consists of managerial ownership, public ownership, institutional ownership, and government ownership on economic value added, used as a measurement of the firm value. This research uses an unbalanced panel data of 182 observations data of all listed companies in the period of 2007-2011 that issued dividend regularly every year during the research’s year. The result shows: (1) managerial ownership has no significant effect on economic value added, (2) public ownership has a significant positive effect on economic value added, (3) institutional ownership has a significant positive effect on economic value added, (4) government ownership has no significant effect on economic value added, (5) ownership structure (managerial ownership, public ownership, institutional ownership, government ownership) simultaneously has a significant positive effect on economic value added.Abstrak. Ownership structure memiliki keterkaitan secara langsung dengan struktur modal perusahaan dimana biaya modal merupakan komponen utama dalam penghitungan economic value added guna mengukur nilai perusahaan. Penelitian ini bertujuan untuk menganalisis pengaruh struktur kepemilikan yang terdiri dari kepemilikan manajerial, kepemilikan publik, kepemilikan institutional, dan kepemilikan pemerintah terhadap economic value added yang digunakan sebagai sebuah pengukuran nilai perusahaan. Penelitian ini menggunakan unbalanced panel data sejumlah 182 data observasi dari sampel seluruh perusahaan yang listed selama periode 2007-2011 dan menerbitkan dividen secara rutin setiap tahunnya selama tahun penelitian. Hasil penelitian menunjukkan bahwa: (1) kepemilikan manajerial tidak memiliki pengaruh signifikan terhadap periode economic value added, (2) kepemilikan public memiliki pengaruh positif secara signifikan terhadap economic value added, (3) kepemilikan institusional memiliki pengaruh positif secara signifikan terhadap economic value added, (4) kepemilikan pemerintah tidak memiliki pengaruh signifikan terhadap economic value added, (5) struktur kepemilikan (kepemilikan manajerial, kepemilikan publik, kepemilikan institusional, kepemilikan pemerintah) secara simultan memiliki pengaruh positif secara signifikan terhadap economic value added."

"Abstract. There is an increasing trend among investors to consider Good Corporate Governance (GCG) in determining company incentives are to be invested in. Obviously, investors would prefer to make INVESTMENTS in companies that adopt Good Corporate Governance rather than otherwise. This view has eventually led to a belief that GCG can give added values not only to the adopting company, but also to the stakeholders. This research analyzes the impacts of family ownership and founding CEO/chairperson on a company?s costs of debt. This topic is chosen in consideration that there are still a lot of family-owned companies in Indonesia. The research uses a positivist-quantitative paradigm and the samples are 64 family-owned companies listed at the Indonesia Stock Exchange from 2007 to 2009. The research also uses a random effect model. The results of the research indicate that family ownership has positive but insignificant impacts, while founding CEO/chairperson has no impacts on a company?s costs of debt."

"Abstract. The aim of this study is to find out if the concentration of the biggest shareholder, the control rights and the ratio ofcash flow rights-control rights of the controlling shareholders contributed to profitability. This study uses purposive samplingtechnique in collecting the data and linear panel regression in analysing the panel data. The result of this study shows that theownership concentration of the biggest shareholders has positive impact to company profitability as big shareholders havebigger incentive and thus better chance to do supervision upon the management. The study also found that the control rightsconcentration of controlling shareholders have negative effect to profitability since more concentrated power of the controllingshareholders made the shareholders position stronger and may incline them to gain individual profit which in turn will reducethe company’s profit. On the contrary, higher ratio of cash flow rights to-control rights contributed positively to profitabilitybecause higher cash flow rights will tend to prevent the controlling shareholders from expropriating the company’s assets."

"Abstract. This study aims to analyze the influence of corporate governance structure on underpricing when firms perform an Initial Public Offering (IPO). This study is based on the signaling theory, stating that the existence of proper corporate governance structure at the time the firm conducting IPO will give the firm a high quality signal to potential investors. The corporate governance structure tested includes the size of Board of Commissioners (BOC), the level of independence of the Board of Commissioners, and the existence of an audit committee. The hypothesis testing is done using a multiple regression model with a sample of 95 observations from firms doing IPOs listed on the Indonesia Stock Exchange during the period of 2005-2012. The results of this study provide empirical evidence that: (1) the size of Board of Commissioners is negatively correlated and affects underpricing, (2) the level of independence of the Board of Commissioners has no effect on underpricing, (3) the existence of an audit committee has no effect on underpricing, (4 ) corporate governance structure (the BOC size, the independence of the Board of Commissioners, and the existence of audit committees) simultaneously has a positive and significant correlation to underpricing. Abstrak. Penelitian ini bertujuan untukmenganalisis pengaruhstruktur corporate governance terhadap underpricing pada saat perusahaan melakukan Initial Public Offering (IPO). Penelitian ini didasarkan pada teori sinyal (signaling theory) yang menyatakan bahwa keberadaan struktur corporate governance yang baik pada saat perusahaan melakukan IPO akan memberikan sinyal kualitas perusahaan yang tinggi kepada investor potensial. Struktur corporate governance yang diuji meliputi jumlah anggota dewan komisaris, tingkat independensi dari dewan komisaris, dan keberadaan komite audit. Pengujian hipotesis dilakukan menggunakan model regresi berganda dengan sampel 95 observasi dari perusahaan yang melakukan IPO yang tercatat di Bursa Efek Indonesia selama periode 2005-2012. Hasil penelitian ini memberikan bukti empiris bahwa: (1) jumlah anggota dewan komisaris berkorelasi negatif dan berpengaruh terhadap underpricing, (2) tingkat independensi dari dewan komisaris tidak memiliki pengaruh terhadap underpricing, (3) keberadaan komite audit tidak memiliki pengaruh terhadap underpricing, (4) struktur corporate governance (jumlah anggota dewan komisaris, independensi dewan komisaris, dan keberadaan komite adit) secara simultan memiliki korelasi positif dan signifikan terhadap underpricing."

"Ownership structure memiliki keterkaitan secara langsung dengan struktur modal perusahaan dimana biaya modal merupakan komponen utama dalam penghitungan economic value added guna mengukur nilai perusahaan. Penelitian ini bertujuan untuk menganalisis pengaruh struktur kepemilikan yang terdiri dari kepemilikan manajerial, kepemilikan publik, kepemilikan institutional, dan kepemilikan pemerintah terhadap economic value added yang digunakan sebagai sebuah pengukuran nilai perusahaan. Penelitian ini menggunakan unbalanced panel data sejumlah 182 data observasi dari sampel seluruh perusahaan yang listed selama periode 2007-2011 dan menerbitkan dividen secara rutin setiap tahunnya selama tahun penelitian. Hasil penelitian menunjukkan bahwa: (1) kepemilikan manajerial tidak memiliki pengaruh signifikan terhadap economic value added, (2) kepemilikan publik memiliki pengaruh positif secara signifikan terhadap economic value added, (3) kepemilikan institusional memiliki pengaruh positif secara signifikan terhadap economic value added, (4) kepemilikan pemerintah tidak memiliki pengaruh signifikan terhadap conomic value added, (5) struktur kepemilikan (kepemilikan manajerial, kepemilikan publik, kepemilikan institusional, kepemilikan pemerintah) secara simultan memiliki pengaruh positif secara signifikan terhadap economic value added.

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Ownership structure has a direct relationship with company’s capital structure where the cost of capital is the main component in the calculation of economic value added to measure the firm value. This research aims to analyze the effect of ownership structure that consists of managerial ownership, public ownership, institutional ownership, and government ownership on economic value added which used as a measurement of firm value. This research uses an unbalanced panel data of 182 observations data of all listed companies that listed in the period 2007-2011 and issuing dividend regularly every year during the research's year.

The result shows: (1) managerial ownership has no significant effect on economic value added, (2) public ownership has a significant positive effect on economic value added, (3) institutional ownership has a significant positive effect on economic value added, (4) government ownership has no significant effect on economic value added, (5) ownership structure (managerial ownership, public ownership, institutional ownership, government ownership) simultaneously has a significant positive effect on economic value added."

"Abstract. In their effort to amend the legislation of Value Added Tax (VAT), the government and the House of Representativeshave amended the latest Law Number 8 of 1983 with Law Number 42 of 2009 pertaining to the third amendments of VAT onGoods and Services and Luxury Sales Tax (LST). Substantial changes, occurred in the policy of Input VAT refund for TaxableEnterprise experiencing production failures, is the focus of this research. This study aims to describe the background of theissuance of the Input VAT restitution refund policy for Taxable Enterprise experiencing production failure, and create inventoryof the potential problems that may arise in relation to the issuance of the aforementioned policy. This study uses qualitativeapproach and library and field research as its data collection techniques. The result shows that there are incongruities amongthe Law, the general concept and the legal character of VAT. On the other hand, the regulation is amended to prevent anyabuse on the mechanism of VAT restitution. The problems that may potentially arise from this new regulation are the issuesrelated to the regulation consistency within the basic concept of VAT, and economic disincentives that can be experienced byTaxable Enterprises from certain industries. Therefore, at the macro level, this policy may hamper the growth of investment inIndonesia."

"Abstract. Researches on bureaucratic reform based on cultural value (cultural approach) are rarely found. In fact, the combining use of structural and cultural approaches in government bureaucratic reform can be expected to encourage the achievement of bureaucratic reform objectives. This study chose the location in North Halmahera Regency, where the community still uphold the cultural values as represented in its cultural symbol of "Hibua Lamo." The research uses a qualitative method and the technique of content analysis. "Hibua Lamo" gives birth to various cultural values and social norms that are formally enacted, putting "Hibua Lamo" into a pattern of organization in society and government. The Regent of North Halmahera implemented a bureaucratic reform in his local governance based on the considerations of balance between "institutional power" according to legislation and social norms institutionalized in "Hibua Lamo". The combined consideration of balance between the legislation and the institutionalized social norms made the Regent of North Halmahera capable to implement the policies of bureaucratic reform in North Halmahera, thereby building an efficient, effective and well-performed bureaucracy as well as reducing poverty from 57.16% to 9.97%, increasing annual per capita income of about 30%, and encouraging economic growth in North Halmahera Regency approximately 6.04%.Abstrak. Penelitian tentang reformasi birokrasi berbasis pada nilai-nilai budaya (pendekatan budaya) masih jarang ditemukan. Padahal, perpaduan pendekatan struktural dan budaya dalam reformasi birokrasi pemerintahan bisa diharapkan mendorong pencapaian tujuan reformasi birokrasi. Penelitian ini memilih lokasi di Kabupaten Halmahera Utara, dimana masyarakatnya masih sangat menjunjung tinggi nilai-nilai budaya yang tersimpul dalam simbol budaya "Hibua Lamo", dengan menggunakan metode kualitatif dan teknik analisis isi. Dalam "Hibua Lamo" lahir berbagai nilai-nilai budaya dan norma-norma sosial yang secara formal diberlakukan, menempatkan "Hibua Lamo" menjadi pola pengaturan dalam kehidupan masyarakat dan pemerintahan. Bupati Kabupaten Halmahera Utara dalam penyelenggaraan reformasi birokrasi pemerintahan daerahnya berdasarkan pertimbangan keseimbangan "kekuasaan kelembagaan" menurut peraturan perundang-undangan dengan norma-norma sosial yang melembaga pada "Hibua Lamo". Perpaduan pertimbangan keseimbangan antara peraturan perundang-undangan dengan norma-norma sosial yang telah melembaga menjadikan Bupati Halmahera Utara mampu mengimplementasikan berbagai kebijakan reformasi birokrasi Kabupaten Halmahera Utara sehingga terbangun birokrasi yang efisien, efektif dan berkinerja serta mampu menurunkan penduduk miskin dari 57,16% menjadi 9,97%, meningkatkan pendapatan perkapita pertahun masyarakat sekitar 30%, serta mendorong pertumbuhan ekonomi Kabupaten Halmahera Utara sekitar 6,04%."

"Abstract. Inefficiency is one of major causes of low performance in Indonesian rice production. This study measures the technical efficiency of rice production in five Indonesian regions and examines its determining factors. A stochastic frontier production function is used to reflect best practice production given certain levels of input use with equal amounts of technology. Unbalanced panel data on input-output rice production consisting of 358 farm operation in 2003, 2008 and 2013 are employed for estimating frontier production functions. The results indicate that variation in rice production across the five main regions is due primarily to variation in technical efficiency. Sources of variation within technical inefficiency include household characteristics, composition of labour and tractor use. Of the five regions investigated, rice production on Java is the most efficient. Technical efficiency of rice production increases over time in all five regions but remains low overall. This study concludes that there is considerable room for productivity improvements in Indonesian rice-based agribusiness through increases in technical efficiency.Abstrak. Inefisiensi merupakan salah satu penyebab utama rendahnya kinerja agribisnis bebasis padi di Indonesia. Studi ini mengukur efisiensi teknis produksi padi di lima wilayah Indonesia dan meneliti faktor-faktor yang menentukan efisiensi. Fungsi produksi frontier stokastik digunakan untuk menduga produksi terbaik pada tingkat penggunaan input dan teknologi tertentu dengan jumlah yang sama. Data panel input-output produksi padi yang terdiri dari 358 agribisnis padi pada tahun 2003, 2008 dan 2013 digunakan untuk memperkirakan fungsi produksi frontier. Hasil penelitian menunjukkan bahwa variasi produksi padi di lima wilayah utama terutama disebabkan oleh perbedaan efisiensi teknis. Sumber variasi dalam inefisiensi teknis meliputi karakteristik rumah tangga petani, komposisi tenaga kerja dan traktor digunakan. Dari lima wilayah penelitian, produksi padi di Jawa adalah yang paling efisien. Efisiensi teknis produksi padi meningkat dari waktu ke waktu di semua lima wilayah namun tetap rendah secara keseluruhan. Penelitian ini menyimpulkan bahwa ada cukup peluang untuk memperbaiki produktivitas agribisnis padi Indonesia melalui peningkatan efisiensi teknis."

"Hingga saat ini Indonesia masih menghadapi masalah korupsi atas keuangan negara yang masih tinggi meskipun upaya perbaikan sistem laporan keuangan yang berkualitas sudah diterapkan. Di sisi lain, dengan sistem desentralisasi dan pemilihan langsung atas lembaga legislatif dan eksekutif pemerintahan, divided government akan mendorong terjadinya proses checks and balances yang juga dapat mengurangi korupsi. Penelitian ini bertujuan untuk melihat peran sistem pelaporan keuangan sebagai bentuk dari good governance dan peran divided government terhadap korupsi. Dengan tidak menggunakan variabel korupsi yang berupa persepsi karena bersifat subjektif dan cenderung bias, studi ini menggunakan data korupsi yang bersifat inkracht sehingga dapat menggambarkan kasus korupsi yang sebenarnya terjadi.Hasil studi menunjukkan bahwa good governance dengan indikator opini BPK yang diperoleh pemerintah kabupaten/kota belum bersifat substantif menggambarkan penggunaan keuangan negara. Akibatnya korupsi masih tetap terjadi pada wilayah yang sudah memperoleh opini terbaik. Sedangkan divided government yang seharusnya mendorong adanya checks and balances justru memunculkan ruang untuk negosiasi dan membuat peluang terjadinya korupsi semakin besar. Terlepas dari hal itu, upaya pemberantasan korupsi pada era pertama presiden Jokowi lebih baik dibandingkan periode sebelumnya.

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Indonesia still faces the problem of corruption in the country's finances which are still high even though efforts to improve the quality of the financial report system have been implemented. Furthermore, with a decentralized and direct election system of the legislative and executive institutions, divided government will encourage the process of checks and balances which can reduce corruption. This study aims to investigate the role of financial reporting systems as a representation of good governance and the role of divided government against corruption. Instead of using corruption perception variables which are subjective and susceptible to be biased, this study uses inkracht corruption data that can describe corruption cases that actually occur.

The results of the study show that good governance approached by Audit Board of the Republic of Indonesia (Badan Pemeriksa Keuangan - BPK) opinion indicators obtained by district/city governments have not been substantively describing the use of state finances. As a result, corruption still occurs in the regions even for those which have obtained the best opinion. Whereas divided government, which should encourage checks and balances, promotes situations for negotiations and makes the chances of corruption occurring even greater. Despite on that fact, efforts to eradicate corruption in President Jokowi's first era were better than the previous government."

"The packaging design`s important role as a means of marketing communication is growing. This research examines the effect of Monggo size 40 grams` packaging design on impulsive buying in South Jakarta and also examines which one among the dimensions in packaging design (graphic design, structure design, and product information) has the biggest effect on impulsive buying. This research uses the quantitative approach to explain the connection between the two variables. The data was collected through questionnaires filled out by impulsive buyers of Monggo size 40 grams in South Jakarta. A total of 100 respondents are examined using the purposive sampling technique. The result of the research shows that the packaging design affects impulsive buying at a rate of 38.0% and the packaging design dimension that results in impulsive buying is graphic design. We may conclude that Monggo`s management needs to review the brand`s packaging design. As the management is yet to utilize other communicating tools such as advertisements to support marketing communication, the packaging design becomes more crucial in boosting sales. The research also finds that customers have a great liking for the brand name `Monggo`, as it is a very distinctly traditional name that is not only appealing but also noticeable among the current brands."