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International Journal of Law, Policy and Governance
Published by Asosiasi Dosen Peneliti Ilmu Ekonomi dan Bisnis Indonesia
ISSN : -     EISSN : 28303245     DOI : https://doi.org/10.54099/ijlpg.
Core Subject : Economy, Science, Agriculture, Art, Social,
Agriculture, Biological Sciences & Forestry Arts Economics, Econometrics & Finance Law, Crime, Criminology & Criminal Justice Library & Information Science Social Sciences
International Journal of Law, Policy and Governance is a peer-reviewed journal published by Adpebi. The journal publishes original papers at the forefront of Law, international law, corporate law, public policy and governance issues. The journal is free access and download. Including to area of Accounting, Banking, Banking and Financial Institution, Behavioral Economics, Development Economics, International Economics, Entrepreneurship, Monetary Economics, Public Finance, Bussiness Management, Economics, Entrepreneurship, Finance, Human Resources Management, and Islamic business. This open accessed Journal publishes original research and review papers. Social Science : Anthropology, Sociology, Social Work, Social Welfare, Economics, Political Science, Psychology, Development Studies, Population Studies, Corporate Governance, Cross-Cultural Studies, Women Studies, Religious Studies, , Linguistics, Education, Ethics and Politics of Social Sciences, Islamic Studies etc.
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Bisnis, Menejemen, dan Akutansi (Lain-Lain)
Articles 60 Documents
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Liquidity and Company Size Impact on Capital Structure with Profitability Mediation Yusuf, Muhammad; Dyarini, Dyarini
International Journal of Law Policy and Governance Vol. 4 No. 2 (2025)
Publisher : Asosiasi Dosen Peneliti Ilmu Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54099/ijlpg.v4i2.1339

Abstract

This study examines and analyzes the effect of liquidity and firm size on capital structure, with profitability as a mediating variable in mining companies listed on the Indonesia Stock Exchange (BEI) from 2019 to 2023. Capital structure is crucial in balancing debt and equity to support company operations and investments. According to the Pecking Order Theory, firms with high liquidity tend to rely on internal financing, whereas the Trade-Off Theory suggests that larger firms find it easier to access external funding at lower costs. This study analyzes seven causal relationships among liquidity, firm size, profitability, and capital structure. The research employs a quantitative approach using panel data regression analysis and the Fixed Effect Model (FEM). The sample was selected through purposive sampling, consisting of 10 mining companies that met specific criteria. Data processing is conducted using EViews version 12. The independent variables in this study are liquidity and firm size, while capital structure serves as the dependent variable, with profitability acting as a mediating variable. The results indicate that liquidity negatively affects both profitability and capital structure, whereas firm size positively influences profitability and capital structure. Profitability negatively impacts capital structure and mediates the relationship between liquidity and capital structure. However, profitability does not significantly mediate the relationship between firm size and capital structure. These findings have implications for companies in optimizing their capital structure management and for investors in assessing corporate financing policies for investment decisions.
Interaction Between Local Culture, Financial Technology, and MSME Performance: A Systematic Literature Review Karim, Kurniati; Kamaludin, Kamaludin; Indriani, Rini; Husaini⁴, Husaini⁴
International Journal of Law Policy and Governance Vol. 4 No. 2 (2025)
Publisher : Asosiasi Dosen Peneliti Ilmu Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54099/ijlpg.v4i2.1344

Abstract

Micro, Small, and Medium Enterprises (MSMEs) have a crucial role in the national economy, especially in developing countries like Indonesia. MSMEs not only contribute to GDP but also absorb a large number of workers (Ministry of Cooperatives and SMEs, 2023). In the context of globalization and digitalization, financial technology (fintech) is a new driver for MSMEs to increase access to financial services. However, the adoption of fintech cannot be separated from the local cultural context that influences the behavior, beliefs, and preferences of MSME actors. Therefore, it is important to understand the interaction between local culture, financial technology, and MSME performance. This study was conducted using a systematic literature review method with the PRISMA approach. The identification process was carried out through the Google Scholar, Scopus, and ScienceDirect databases with the keywords: "local culture", "financial technology", "MSMEs performance", and "Indonesia". The selected articles numbered 25, published between 2013 and 2024, with a focus on empirical and conceptual studies that discuss the relationship between the three variables.
The Influence of Price and Product Quality on the Purchase Decision of iPhone Brand Smartphones Among Students Nurwidyanti, Ferisca; Gusti , Rahma Welda
International Journal of Law Policy and Governance Vol. 4 No. 2 (2025)
Publisher : Asosiasi Dosen Peneliti Ilmu Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54099/ijlpg.v4i2.1586

Abstract

Purpose –To determine the influence of price and product quality on the purchasing decision of iPhone brand smartphones among management students at the Pekanbaru Master Business Technology Institute, totaling 95 respondents..Methodology/approach –The variables examined in this study were price and product quality on purchasing decisions. Data analysis used multiple linear regression methods, including validity, reliability, normality, multiple linear regression, t-test, f-test, and coefficient of determination (R2) using SPSS. This test was conducted to determine the influence of the independent and dependent variables.Findings –The results of the study show that partially and simultaneously there is an influence between the variables of price and product quality on students' purchasing decisions.Novelty/value – There is a tendency for students of the Master of Business Technology Institute to prefer purchasing iPhone products because of their brand and quality.
Revoking Of Civil Servants' Voting Rights Violates The Principles Of Democracy And Human Rights In Indonesia Parlindungan S, Gokma Toni; Yadewani, Dorris; Saputra, Ronaldo Jus; Putri, Selvi Kurnia; Aisyah, Aisyah
International Journal of Law Policy and Governance Vol. 4 No. 1 (2025)
Publisher : Asosiasi Dosen Peneliti Ilmu Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54099/ijlpg.v4i1.1164

Abstract

The purpose of this study is to assess the impact of revoking State Civil Servants' voting rights (ASN) on the quality of democracy in Indonesia. This study employs a normative research method, drawing on primary legal materials such as the 1945 Constitution, the General Election Law, and the International Convention on the Protection of Human Rights, as well as secondary legal materials such as books, articles, scientific works, or research findings relevant to the subject of study. The findings of this study show that revoking ASN voting rights is an undemocratic action that harms the interests of the entire community because it is fundamentally contrary to democratic principles, violates constitutional provisions, and restricts citizens' political rights. To improve this situation, it is recommended that the government evaluate the policy and consider restoring ASN voting rights, as well as formulating a more effective mechanism to maintain bureaucratic neutrality.
Claim for Costs Due to Rerouting of SUTT 150 kV New Garuda Sakti – Perawang Wesleyzon Sitompul; Sami'an, Sami'an; Hardjomuljadi, Sarwono
International Journal of Law Policy and Governance Vol. 4 No. 1 (2025)
Publisher : Asosiasi Dosen Peneliti Ilmu Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54099/ijlpg.v4i1.1222

Abstract

Purpose –This study aims to analyze the impact of design changes from lattice tower to steelpole on the 150 kV New Garuda Sakti - Perawang electricity transmission project, with a focus on legal and financial implications, including cost claims, material efficiency, and land acquisition. Methodology/approach –This study uses a qualitative approach with analysis of contract documents, applicable legal regulations, and technical data related to the project. Additional data were obtained through a literature review of relevant regulations, such as Presidential Regulation No. 16 of 2018 and Law No. 2 of 2017, as well as the international standard FIDIC Conditions of Contract. Findings –The design change from lattice tower to steelpole provides material efficiency because it utilizes waste material without new procurement. The use of land owned by the road eliminates the need for land acquisition, but there are additional costs arising from the adjustment of installation and labor. From a legal perspective, claims for additional costs are acceptable if they are in accordance with the contract and supported by valid documentation.. Novelty/value –Given the importance of cost claims management and legal compliance in infrastructure projects, this research provides important insights for construction industry players in managing design changes and legal challenges.  
Legal Aspects of Reimbursement for Land and ROW in Transmission Construction Projects at PLN Central Sumatra Erik Winada; Sami'an, Sami'an; Hardjomuljadi, Sarwono
International Journal of Law Policy and Governance Vol. 4 No. 1 (2025)
Publisher : Asosiasi Dosen Peneliti Ilmu Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54099/ijlpg.v4i1.1226

Abstract

Objective -This study aims to analyze the legal and contractual aspects related to the reimbursement scheme for land and ROW payments as a solution to completing transmission construction work during the Covid-19 pandemic. Methodology/Approach– This study uses a case study approach by analyzing contract documents, perception alignment, and related agreements between PLN and contractors. This study also examines the main elements of the contract in terms of the scope of work, with the addition of a reimbursement clause for land payments and ROW (Right of Way) at cost, as well as the addition of payment procedures.Findings– The results of this study indicate that the method of adding land reimbursement and ROW clauses to the agreement between the two parties can help complete transmission construction work according to the planned target, even though construction was underway during the Covid-19 pandemic, where the pandemic caused PLN to divert part of the budget to handling and controlling the impact of Covid on human resources, so that the budget for the work was temporarily constrained during the pandemic. Novelty/Benefits– This study provides an alternative solution to the completion of transmission construction work during the Covid-19 pandemic, where budget constraints can be overcome by adding a land and row reimbursement clause that will be paid at cost to partners. This alternative solution can also be a practical reference for transmission construction work owners during the pandemic
Claim For Extension of Time and Additional Work Reviewed From the Aspect Construction Law and Contract Elfriandi, Elfriandi; Sami’an, Sami’an; Hardjomuljadi, Sarwono
International Journal of Law Policy and Governance Vol. 4 No. 1 (2025)
Publisher : Asosiasi Dosen Peneliti Ilmu Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54099/ijlpg.v4i1.1228

Abstract

The purpose of this research is to determine that during the implementation period of the construction work of the Sintang 3 x 7MW coal-fired power plant from start to finish, several disputes related to legal and contractual aspects have occurred between the Contractor and the Owner throughout the implementation of the Sintang 3 x 7 MW Project from 2011 to 2014. Method This research is conducted using a normative-empirical approach, which is an approach that combines elements from both methods. Specifically, normative legal research is a process of discovering legal rules, legal principles, or legal doctrines to address the legal issues at hand. Empirical legal research is legal research that uses data obtained directly from its source.Claim results, The contractor is entitled to their rights based on legal aspects and the work of contract for the extension of time, namely; (1) delay in the start of work and site allocation; (2) delay due to the approval of the turbine generator vendor; (3) delay due to justification for changing the foundation type; (4) delay in the approval of the pump equipment vendor; (5) delay due to extreme heavy rain occurring every day. Meanwhile, for claims related to additional work (variation order), there is only one claim, which is the change in foundation type from swallow pile foundation to bored pile foundation, resulting in changes in unit price and quantity of the foundation. Therefore, it can be concluded that construction work is a job that involves many risks from a technical aspect, namely design, execution, and maintenance, which ultimately has the potential to lead to claims from the Contractor to the Owner.
International Chambers of Commerce as an Alternative Institution for Resolving Contractual Disputes Generator Independent Power Produce Widiatmoko, Ndaru Seto; Sami'an, Sami'an; Hardjomuljadi, Sarwono
International Journal of Law Policy and Governance Vol. 4 No. 2 (2025)
Publisher : Asosiasi Dosen Peneliti Ilmu Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54099/ijlpg.v4i2.1229

Abstract

The provision of electricity has a very important and strategic role in realizing national development in Indonesia. PT PLN (Persero) as a State-Owned Enterprise (BUMN) which in the law is given the mandate in the provision of electricity carries out its role in the business of providing electricity, one of which is the construction of power plants. In the provision of electricity through the construction of power plants, PT PLN (Persero) can appoint a private company to become the developer of the Independent Power Produce (IPP) plant construction with a power purchase agreement scheme whose provisions are regulated by the Regulation of the Minister of Energy and Mineral Resources. In this study, we will analyze the dispute resolution mechanism in the agreement contract of PT. PLN (Persero) with PT. Poso Energy in the supply of electricity for the Poso hydropower plant through the International Chamber of Commerce. The method used in this study is the normative juridical method in the statute approach and the qualitative analysis method in the example of the Poso IPP hydropower contract to get an overview of the conclusion of the alternative dispute resolution chosen by the parties by paying attention to the applicable legal foundations and concepts in the dispute resolution of construction contract agreements.
The Cost Claims due to Extension of Time on Construction Contracts (Case Study: Power Plant Project) Roni Febrianto; Sami'an; Sarwono Hardjomuljadi
International Journal of Law Policy and Governance Vol. 4 No. 1 (2025)
Publisher : Asosiasi Dosen Peneliti Ilmu Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54099/ijlpg.v4i1.1230

Abstract

Delays in the execution of construction contracts are common occurrences and are generally understood to be the contractor's responsibility. In practice, however, delays in construction contracts can also be caused by factors beyond the contractor's control or responsibility, leading to an extended duration for project completion. Delays that are not attributable to the contractor grant the contractor the right to a time extension. Such extensions of time often trigger cost claims resulting from delays in work execution that are not the contractor's fault, as the contractor incurs additional costs due to the extended of project completion. This paper discusses the primary causes extension of time and the mechanisms for resolving cost claims arising from these extensions based on legal principles, including pacta sunt servanda, the principle of fairness, and the risk theory in contracts. The research employs a qualitative approach involving contract document analysis, case studies, and literature reviews. The findings indicate that excusable and compensable delays provide a legitimate basis for contractors to propose cost claims, while non-excusable delays may result in penalties for the contractor. This paper offers practical and theoretical recommendations for more effectively managing cost claims due to extension of time and highlights the importance of risk allocation in construction contracts.
Claim Audit by BPKP (Financial and Development Supervisory Agency) on Construction Contracts in BUMN Efendy, Prasetyo; Sami’an, Sami’an; Hardjomuljadi, Sarwono
International Journal of Law Policy and Governance Vol. 4 No. 2 (2025)
Publisher : Asosiasi Dosen Peneliti Ilmu Ekonomi dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54099/ijlpg.v4i2.1236

Abstract

Construction service work is the most complex work compared to other industries. It is not surprising that in the implementation of construction service work, things arise that deviate from the initial planning, resulting in claims by the Provider of Goods/Services to the User of Goods/Services. In construction service work owned by BUMN (State-Owned Enterprises), several construction claims that have occurred that have been previously reviewed by the Provider of Goods/Services, are continued for the claim audit process by BPKP (Financial and Development Supervisory Agency), especially for claims related to additional costs that are quite large in value. Of course, this requires a mutual agreement between the User of Goods/Services and the Provider of Goods/Services to jointly submit a claim audit application to BPKP. This claim audit application to BPKP is carried out to ensure the amount of the claim submitted by the Provider of Goods/Services, where BPKP is seen as a competent and experienced body for claim audits. Problems will arise if: The Provider of Goods/Services does not agree to the claim audit process to BPKP because it is not stated in the construction contract or the Provider of Goods/Services does not agree with the results of the claim audit conducted by BPKP. In the event that the claim is not fulfilled or resolved, it means that a dispute has occurred between the contracting parties. This dispute must be resolved through the legal channels chosen by the parties in the contract, either through Alternative Dispute Resolution (Consultation, Negotiation, Mediation, Conciliation, Expert Assessment), Arbitration, or through the Court. The dispute resolution process will take longer, so it is necessary to rethink whether this claim audit to BPKP can be a faster way to resolve construction contract claims.

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