Corporate Social Performance of Indonesian State-Owned and Private Companies

Fauzi, Hasan; Hussain, Mostaque M.; Rahman, Azhar Abdul; Priyanto, Adnan A.

doi:10.1142/9789812791788_0023

Cited by 6 publications

(10 citation statements)

References 24 publications

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“…To the best of our knowledge, there has been no such comparative study for these indicators between SOEs and private firms and across countries. Most studies of SOEs have been national case studies [Chun (2009), Amighini et al (2013), Fryxell and Lo (2001), Lu et al (2009), Chen et al (2021), Shahab et al (2019), Ding et al (2007), Li et al (2021), andFeng et al (2010) for China; Gupta and Kumar (2020), Locke and Duppati (2014), and Nagale (2017) for India; Fauzi et al (2010) and Sutiyono (2007) for Indonesia; Ramasamy et al (2005) and Bhatt (2016) for Malaysia; Hakkala and Kokko (2007) and Nguyen and Van Dijk (2012) for Vietnam]. As such, they give us little knowledge of how a country compares with other countries at similar stages of economic development.…”

Section: Literature Reviewmentioning

confidence: 99%

“…These include Chun (2009) for employees, Amighini Meanwhile, for the other four countries, to the best of our knowledge, there are only a few studies. These include Gupta and Kumar (2020), Locke and Duppati (2014), Nagale (2017) for India; Fauzi et al (2010), Sutiyono (2007) for Indonesia; Ramasamy et al (2005), Bhatt (2016) for Malaysia; and Hakkala and Kokko (2007), Nguyen and Van Dijk (2012) for Vietnam. All of them are national studies.…”

Section: Introductionmentioning

confidence: 99%

“…Meanwhile, for the other four countries, to the best of our knowledge, there are only a few studies. These include Gupta and Kumar (2020), Locke and Duppati (2014), Nagale (2017) for India; Fauzi et al. (2010), Sutiyono (2007) for Indonesia; Ramasamy et al.…”

Section: Introductionmentioning

confidence: 99%

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Performance comparison of state-owned enterprises versus private firms in selected emerging Asian countries

Park²,

Castillejos-Petalcorin³

2021

JABES

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PurposeThis policy paper compares the performance of state-owned enterprise (SOEs) versus private firms in selected emerging economies in Asia, focusing on a number of performance indicators. The indicators are internationally recognized quality innovation, product and/or service innovation, financing of operations, dealing with government regulations and labor performance. To the best of the authors’ knowledge, there has been no such comparative study for these indicators between SOEs and private firms and across countries. Most studies of SOEs have been national case studies. As such, they give us little knowledge of how a country compares with other countries at similar stages of economic development. A cross-country comparative analysis can help us identify broader trends and patterns.Design/methodology/approach The authors compare and discuss the performance of SOEs versus private firms in a number of emerging Asian countries, namely China, India, Indonesia, Malaysia and Vietnam. To do so, the authors use data from the 2018 World Bank Enterprise Survey (which is the latest available) for the period 2012–2015. The authors focus on a number of key performance indicators, namely internationally recognized quality innovation, product and/or service innovation, financing of operations, dealing with government regulations and labor performance.Findings The comparative analysis uncovers some interesting differences between the two types of firms. For example, somewhat surprisingly, SOEs tend to innovate more than private firms. However, the single most significant pattern the authors find is that in middle-income Asia both types of firms face formidable challenges with respect to doing business – e.g. scarcity of relevant training programs for employees. Therefore, the priority of policymakers must be to improve the overall business environment for all firms, regardless of their ownership structure.Research limitations/implicationsThe nature of this paper is a policy paper. This is because the data used in this study is survey data, conducted every four–five years (or more) for each country in the study and available for very few countries. As the data are not available for a continuous period of time, The authors could not conduct empirical research for this topic and thus made it a policy paper that presents a comparison across Asian countries as case studies.Originality/valueThe five selected Asian countries are interesting case studies for a comparative analysis since they are middle-income countries where SOEs play a significant role in the economy. Furthermore, state ownership is an important institutional dimension in emerging markets, and strong ties with the government can influence the performance of SOEs through various market and non-market channels. Despite the potential importance of the research theme, there is very little existing research on cross-country comparisons of the performance of SOEs vis-à-vis private firms. This could be explained by scarce data availability. With this in mind, the study attempts to shed some light on SOEs' performance and add to the rather limited literature.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Performance comparison of state-owned enterprises versus private firms in selected emerging Asian countries

Park²,

Castillejos-Petalcorin³

2021

JABES

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“…It is also interesting to observe that developing country like Indonesia has different CSP-CFP relation comparing the studies of Waddock & Graves (1997) and Simpson & Kohers (2002). For example, Fauzi et al (2010) observe that there is no mean difference between CSPs (Methods of rating companies like KLD, US and MJRA, Canada are followed) of the state owned companies (SOCs) and the private owned companies (POCs). They also find that there is no significant correlation between CSP and financial performances (return on assets, return on equity, and institutional ownership) of SOCs and POCs.…”

Section: Review Of Literaturementioning

confidence: 99%

“…In this situation, the implication of interrelationship between the corporate social performance (CSP) and corporate financial performance (CFP) has its own importance. Studies like Fauzi et al (2010), Soana (2009), Dentchev (2004), McWilliams and Siegel (2000), Simpson and Kohers (2002), Waddock and Graves (1997), Cochran and Wood (1984), and Wright and Ferris (1997) focus on CSP-CFP linkage and their respective interrelations. Observation from these studies is that there is a mix of positive, neutral, and negative interrelationship between CSP and CFP depending upon the distinguishable variables those have been selected in respective studies.…”

Section: Introductionmentioning

confidence: 99%

Socio-Economic Implications from Indian ‘Banking’: An Empirical Appraisal Study

Kumar

2012

SSRN Journal

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Are Socially Responsible Behaviors Paid Off Equally? A Cross‐cultural Analysis

Rodríguez

Carrasco‐Gallego

Escobar‐Pérez

2013

Corp Soc Responsibility Env

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Based on the strong influence that national culture has on corporate social and responsibility (CSR) actions (institutional theory), it is necessary to study how the financial outcomes of CSR actions could be affected by these cultural characteristics. This fact is particularly interesting for managers whose companies operate in different cultures given that they have to deal with this aspect. The aim of this paper is to analyze the moderator role that national culture could have on the CSR and firm performance (CSR‐FP) relationship through a meta‐analysis, hence helping to clarify the debate existing about this relationship in the literature. The results show that this relationship is greatly affected by national culture. In this sense, countries with a high assertiveness and gender egalitarianism show a very negative relationship. Nevertheless, those with a higher future orientation, institutional collectivism, and a humane orientation reveal a positive correlation which reaches its maximum value in those countries with a high uncertainty avoidance. Copyright © 2013 John Wiley & Sons, Ltd and ERP Environment

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Corporate Social Performance of Indonesian State-Owned and Private Companies

Cited by 6 publications

References 24 publications

Performance comparison of state-owned enterprises versus private firms in selected emerging Asian countries

Performance comparison of state-owned enterprises versus private firms in selected emerging Asian countries

Socio-Economic Implications from Indian ‘Banking’: An Empirical Appraisal Study

Are Socially Responsible Behaviors Paid Off Equally? A Cross‐cultural Analysis

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