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Political and Religious Contributions in Economic Development

The great conclusion of this paper is to prove the synergy between religion and politics in the economic development of a State. The more polarized the system of ethical-religious and political beliefs, the more help the economic development of a State. Based on the discourse on the religion and politics of the author in the direction of Beng-Lan Goh (2006), Wilson Erin K (2014), and Melleuish Gregory (2014) explaining the ideology of the state as an alternative logic forming religious symbolism from capitalist exploitation or commoditization, the best civilian politics in serving the people's welfare by rejecting the dichotomy of morality and interest systems, as well as religious and political understanding limits the capacity of religious clerics and actors in their significant influence on religious actions and rituals to the political sphere that greatly affects economic growth. The authors oppose the opinions of Bin Hassan (2007), San Juan (2011), Martinelli (2013) and Faux Jeff (2004) explaining that Effects of Islamic revival around the world in the competition of political power that directly and indirectly contribute to the development of Islam in politics, the United States and transnational geopolitical interests as a consequence of the contradiction between emerging and conservative nationalist impulses, the United States Congress that has successfully influenced key decisions on regulatory policy, has so far weakened existing systems and American economic politics flourish across borders, the same that happens in today's globalized economy. The data used in this paper comes from secondary data obtained from books, magazines, the Internet and other documentation relating to the study of the problems and this paper. This writing is descriptive qualitative with the approach of the research library.Cite this article
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The Prediction of Bankruptcy Using Altman Z-Score Model (Case Study in BRI Bank, BNI Bank , Mandiri Bank, BTN Bank)

Based on the calculation of the Altman model in predicting bankrupt at PT. Bank Rakyat Indonesia (Persero) Tbk in 2014, 2015, 2016, PT. Bank Mandiri (Persero) Tbk in 2014 and 2015 and is PT.Bank Tabungan Negara (Persero) Tbk in 2014 with a score of Z-score above 2.99 indicates that included in the company healthy or not potential to go bankrupt. Companies included in the category of unhealthy or potential companies to go bankrupt with a Z-score of less than 1.81 ie PT. Bank Tabungan Negara (Persero) Tbk in 2014 with a Z-score of 1.405 (<1.81). Companies included in the Gray Area (unpredictable) are PT. Bank Negara Indonesia (Persero) Tbk 2015 with Z-score of 2, 753 and year 2016 with Z-score 2,858. PT Bank Tabungan Negara in 2015 and 2016 with Z-score of 2,138 and 1,906 and PT. Bank Mandiri (Persero) Tbk in 2016 which shows the value of Z-score of 2,168.Cite this article
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Existence of Company Size in Control Towards Family Ownership and Debt Policy Value of Companies

This study aims to examine the effect of family ownership, debt policy on firm value with firm size as a control variable. The sample used was a family company listed on the Indonesia Stock Exchange from 2014 to December 2017. The type of this research was quantitative using Agency theory and Signaling Theory. Analysis technique with multiple regression analysis. The results showed that family ownership had a positive and significant effect on firm value, and debt policy had a negative and significant effect on firm value. While company size as a control variable in this study cannot control the relationship of the influence of family ownership and debt policy on firm value, in other words, company size as a control variable does not have a significant effect on the relationship of family ownership and corporate value policy debt.
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