Search Results (5)

Queensland became an independent state in 1859, separating from New South Wales. Almost immediately, an ambitious plan on migration was embarked upon in order to attract emigrants to Queensland, above all other possible colony destinations in the British Empire. Henry Jordan was instrumental as the Emigration Commissioner (1861–1866) in devising the land order scheme and Richard Daintree, as Agent-General, wooed, through modern techniques on never-before-seen photography in colour, small capitalists to the isolated outreaches of Queensland, where settlement was encouraged. Life there for those that migrated was, however, vastly different from what either they knew in Britain, or what they expected. But, ultimately, they settled, took possession of considerable stretches of lands, as selectors, or pastoral land owners, with disregard for the indigenous populations there. In this article, I examine one migration story on an ancestor in the nineteenth century, Andrew Milne, from London to Queensland, through the lens of critical settler family history theory. I take up the challenge for historians to question who their ancestors were, since the past is telling of the present, and the perceptions that are longed for in the future selves. Namely, in the construction of the future self, an individual must also confront their past, and the lives of those that preceded them. In particular, in the case of Australia, settlement, colonisation, and the possession of land are not benign, and are not isolated events, but have an impact on the present and future lives of both descendants of those that possessed the land, and those from whom it was taken away. The legacy of racial segregation (through the Stolen Generations), and despite the attempt to ‘close the gap’ since 2008, Aboriginal peoples in Australia still suffer the consequences of objectification and dehumanisation to which they were subjected. The consequences are not only financial and economic, but are visible in health, education, social status, and in their mistrust of public services. Full article

This study examines the relationship between politically connected independent commissioners and independent directors regarding the cost of debt. The sample is all companies listed on the Indonesia Stock Exchange for the 2010–2017 period, totaling 327 companies with a total data value of 1722 firm-year observations. We used the ordinary least squares regression model (OLS) and the Heckman 2SLS method to solve the endogeneity problem. We found that politically connected independent commissioners and politically connected independent directors negatively correlate with the cost of debt. These results indicate the importance of politically connected independent commissioners and independent directors in managing companies, especially in obtaining loans with low interest rates. In addition, our results are robust due to the use of the Heckman 2SLS test. Therefore, this research can contribute to the development of the literature related to corporate governance and political connections in public companies, so that politically connected independent commissioners and independent directors have an essential role in decision-making in companies. Full article

This study investigates the effect of sharia firms on the cost of debt in the Indonesian market. We use OLS regression to examine the relationship by applying 1870 data observations of nonfinancial companies registered on the Indonesia Sharia Stock Index (ISSI) during 2012–2018. We found that sharia firms are negatively related to the cost of debt, and sharia firms with a higher percentage of independent commissioners are not associated with the cost of debt. These findings indicate that a more significant number of independent commissioners sitting on the board will not stimulate a sharia firm’s position to get a lower cost of debt. Furthermore, our results are robust after performing the endogeneity test. Based on this study, we suggest that independent commissioners who represent aspects of governance also need to be developed using firm characteristics as other moderating variables. Sharia firms are viewed by lenders as having corporate behaviors that are ethical and worthy to get low interest on the debt. Even though the financial structure of sharia firms has lower leverage than non-sharia firms, it does not mean that they are seen as closed firms. Full article

This study seeks to supply empirical evidence for how board characteristics influence corporate governance compliance in the Indonesian banking industry. Corporate governance compliance level represents a company’s actions to fulfill regulatory obligations that aim to protect the public from potential investment losses in the banking industry. This research was conducted by analyzing the influence of board characteristics, specifically how a board of commissioners’ institutions and their instruments affect corporate governance compliance. The entire banking industry, which was listed on the Indonesia Stock Exchange from 2010 to 2015, was employed as the population for this research. Purposive sampling was used as the sampling technique, resulting in 195 observations. To test this study’s hypotheses, multiple regression was applied as the data analysis method. The results revealed that the size of the board of commissioners, the proportion of independent commissioners, the experience of commissioners, and the size of the audit committee were factors that encouraged management in the banking industry to improve their firms’ corporate governance compliance. This indicates that monitoring from the board acts as an effective mechanism for reducing information asymmetry. This research also proves that open innovation following regulations can increase compliance with laws. Full article

The purpose of this research was to examine the relationship between firm size, corporate governance, and carbon emission disclosure (CED) in Indonesia, a country with rich natural resources. This study focused on the mining and agricultural industries to better capture the disclosure behavior of companies directly engaged in natural resources. Using a sample of 305 firm-year observations of listed firms in Indonesia spanning from 2011 to 2016, the results show that larger firms and firms with larger board sizes are more likely to have higher disclosure on CED. We also showed that firms with a higher percentage of independent commissioners and directors are less likely to disclose information related to carbon emissions. These findings indicate that a greater number of commissioners and directors sitting on the board will stimulate a firm’s decision to make a higher number of disclosures related to carbon emissions. However, the increased percentage of independent commissioners and directors will cause more conservative disclosure outcomes to the firms. In addition, firms in the mining industry are more likely to have a higher level of CED relative to firms in the agricultural industry. These findings remained robust even after we corrected the standard errors. Full article