Study of State-Owned Enterprises (SOEs) Profitability in Indonesia 2012-2016 Period

Muin, Muhamad Fathul; Jumadi, Jumadi; Wardini, Amalia Kusuma

doi:10.29259/sijdeb.v4i1.57-72

Cited by 1 publication

(1 citation statement)

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“…The assignment needs to have calculations in terms of business so that it does not interfere with the main aims and objectives of the existence of the SOEs. This is different from SOEs, which are public companies whose existence is indeed to assist the community in providing goods and services for the public interest, but still, pay attention to the procedures for managing a healthy company [17].…”

Section: Giving Profitmentioning

confidence: 98%

Implications of the Establishment of State-Owned Enterprises to Improve the National Economy Based on Law No. 19 of 2003 Concerning State-Owned Enterprises

Kendenan,

Wisnaeni,

Diamantina

2023

Proceedings of the International Conference on Sustainability in Technological, Environmental, Law, Management, Social and Econ

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Apart from taxes, Indonesia needs another source of income to run the country's economy, namely by establishing a State-Owned Enterprise (BUMN). The purpose of this study is to find out the aims and objectives of establishing a State-Owned Enterprise in helping to improve the country's economy as well as the constraints and solutions to achieve the goal of establishing a State-Owned Enterprise. This study uses a normative juridical approach with secondary data types which are analyzed qualitatively. The results of the study show that one of the obstacles for BUMN to achieve its main goal is when there is a loss of income and the assets owned by BUMN cannot be confiscated. For the loss of revenue, the government gave injections to BUMN which did not benefit the state but harmed the country's economy. In addition, the method of selecting directors and commissioners has not prioritized professionalism because the government is still using the politics of revenge. This study suggests that the first is to separate BUMN assets from state assets, so that when a BUMN loses or goes bankrupt, its assets can be confiscated. Second, the government needs to select professional directors and boards of commissioners so that parties within BUMN have the knowledge and expertise to increase the economic activities of BUMN.

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Section: Giving Profitmentioning

confidence: 98%