The purpose of this study is to investigate the relationship of firms with family ownership and their performance in Indonesia and further examine on how political connections affect this relationship. This study used 933 samples from 413 companies listed on the Indonesia Stock Exchange (IDX) in the period between 2014 and 2016. Using ordinary least square (OLS) regression, the results shows that firms without family ownership (non-family firms) have better performance than firms with family ownership (family firms) in Indonesia. Furthermore, the findings also show that the performance of family firms significantly improve when the firms are affiliated with political connections. Our findings imply that establishing political connections in family firms will increase the performance of the firms.

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This study aims to examine the relationship between family involvement and the readability level of the MD & A (Management Disclosure & Analysis) released by the company. This study uses 1795 final samples from firms listed on the Indonesia Stock Exchange in the period 2010-2018. We tested the research hypothesis using ordinary least square regression (OLS). This was done using the Stata software by adding a fixed effect for industry diversity in order to strengthen the study results. This study used two proxies of the family firm where there is the involvement of family members at the management level and related to the ownership of company shares. Both of these proxies show consistent results indicating that family firms tend to release less readable MD&As. Furthermore, the language differences were also tested in this study. Apart from the presentation of the MD&A in English or Indonesian, family firms still present reports with lower readability. This study provides a perspective to the authorities regarding the family firm's governance intended to help improve existing regulations.

Abstract. This study has two objectives. First, it compares SoRP fund accounting standards in UK and PSAK 109 in Indonesia. Second, it compares the accounting practices between two national zakat institutions, namely BAZNAS and Dompet Dhuafa. This study uses content analysis. This study found some differences between SoRP fund accounting and PSAK 109 in terms of the number of financial reports, the accounting treatment for endowment/waqf, and the component of Statement of Financial Position. This study also found several differences between annual reports of BAZNAS and Dompet Dhuafa in terms of the classification of infaq fund, the availability of government fund 9APBN), the variety of restricted funds, and the accounting treatment for endowment/waqf. Keywords: SoRP Fund Accounting, PSAK 109, Zakat, Waqf.   Abstrak. Penelitian ini memiliki dua tujuan. Pertama, membandingkan standar akuntansi fund accounting (akuntansi dana) Statement of Recommended Practices (SoRP) di Inggris dan PSAK 109 tentang zakat di Indonesia. Kedua, membandingkan praktik akuntansi antara dua lembaga zakat nasional, yaitu BAZNAS dan Dompet Dhuafa. Penelitian ini menggunakan metode content analysis. Penelitian ini menemukan beberapa perbedaan antara standar akuntansi fund accounting SoRP dan PSAK 109 dalam hal jumlah laporan keuangan, perlakuan akuntansi untuk wakaf, dan komponen Laporan Posisi Keuangan. Penelitian ini juga menemukan beberapa perbedaan antara laporan tahunan BAZNAS dan Dompet Dhuafa dalam hal klasifikasi dana infaq, ketersediaan dana pemerintah (APBN), jenis dana yang dibatasi penggunaannya, dan perlakuan akuntansi untuk wakaf. Kata kunci: Akuntansi Dana SoRP, PSAK 109, Zakat, Wakaf.