Basis of Legal Theories for State and Business Relations: Integrated Literature Review

Abstract

MUHAMMAD BUNAYYA HANIF SHULHAN. Basis of Legal Theories for State and Business Relations: Integrated Literature Review. Supervised by JOYO WINOTO and ZENAL ASIKIN. Understanding the theoretical basis of legal theories is essential to analyze the complexity of the relationship between state and business. This research aims to identify and integrate relevant legal theories in state and business relations by using the Integrated Literature Review (ILR) method. The results of this research found that there are 37 basic theories that are considered relevant, but only 19 theories have a direct connection with the topic of this research, namely Positive Political Theory, Political Economy, Justice as Fairness, Economic Regulation Theory, Economic Development, Agency Theory, Stakeholder Theory, Modern Slavery, Modern Theory of State, Law and Economics, Institutional Theory, Crisis Response Theory, Dynamic Theory of Change, State Governance Theory, New Chicago School Approach, New Institutional Economics (NIE), Inequality Theory, Varieties of Capitalism, and Political Demography. These findings provide an important contribution in understanding the conceptual basis of state and business relations from a more comprehensive legal theories perspective.