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|Title: ||Comparative Analysis Of Financial Performance During And After Privatization SOE|
|Authors: ||PUSPADEWI, WIWIT|
|Keywords: ||Comparative Performance of SOEs,|
SOE Performance Before
|Issue Date: ||5-May-2012|
|Abstract: ||Indonesia is trying to get out of its economic crisis, therefore the Government to
privatize as one way out that must be pursued. Step consistent privatization is also
one of the Government's commitment to the donor countries, and also the IMF.
But on the other hand, many also argue that the wealth / state assets should not be
sold to outsiders. They interpreted that selling state-owned is equal to the selling
state. There is also an associate privatization problems with article 33 paragraph (2)
of the 1945 Constitution which states that the branches of production that controls
the lives of many people must be controlled by the state.
The purpose of the study by eight state-owned object is to determine the extent to
which the significance of these SOEs financial performance before and after
privatization. This research used a comparative descriptive. Where, hypothesis
testing is done by using t-test.
In measuring the financial performance of this, the authors use the Ministerial
Decree No. SOE: KEP-100/MBU/2002 with based on the financial aspects of eight
indicators are: Return On Equity, Return On Investment, Cash Ratio, Current Ratio,
Collection Period, Inventory Turnover, Total Asset Turnover, Total Equity to Total
Assets. After testing the hypothesis with a significance level α = 0.05 is known that
there was no significant difference from the level of financial performance of SOEs
before and after privatization. This is because the main purpose of the government to
privatize now is just to fill or cover the budget deficit, should aim to achieve is to
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improve SOE performance itself. So if the financial performance of SOEs did not
change / increase significantly as well in the years following the government decision
to privatize should be reviewed.|
|Appears in Collections:||E-Journal Ekonomi|
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