How does the presidential election period affect the performance of the state-owned enterprise in Indonesia?

Harymawan, Iman; Nasih, Mohammad; Suhardianto, Novrys; Shauki, Elvia R.

doi:10.1080/23311975.2020.1750330

Cited by 6 publications

(7 citation statements)

References 23 publications

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“…Most of the articles use all firms or non-financial firms as their sample, while others use a specific type of industry. Because of the limited number of articles that focus on particular industries, for instance, family firms in Pérez et al (2015) and Harymawan et al (2019), banking firms in Yang et al (2012) and Guerra Pérez et al (2015), state-owned Enterprise in Chen et al (2020) and Harymawan et al (2020) and real estate firms in Xu et al (2016). This study opts to put all of these articles into the other industries category.…”

Section: Robustness Test and Additional Analysismentioning

confidence: 99%

Are political connections beneficial or harmful toward firms’ performance? A meta-analysis approach

Prasetyo

Nasution

2021

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Purpose This study aims to reconcile conflicting empirical results from prior studies on the association between political connections (PCs) and firms’ performance. Furthermore, it investigates whether the contradictory findings were moderated by the different types of both PCs and firms’ performance measures. This study also makes a cross-country comparison of the empirical evidence to provide more insight. Design/methodology/approach This study used meta-analysis to integrate the previous studies’ findings on the association between PCs and firms’ performance and further investigated the moderators of such association. Findings The findings show that PCs have a positive association with firms’ performance. This result is apparent for both democratic and authoritarian countries, which suggests PCs’ beneficial consequences toward firms’ performance should not be disregarded in both contexts. This study also finds PCs and firms’ performance measures moderate the association between PCs and firms’ performance. Originality/value This study contributes to the stream of research that investigates the association between PCs and firms’ performance. To the best of my knowledge, it is among the first to implement statistical meta-analysis on the aforementioned literature while incorporating a cross-country comparison.

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Section: Robustness Test and Additional Analysismentioning

confidence: 99%

Are political connections beneficial or harmful toward firms’ performance? A meta-analysis approach

Prasetyo

Nasution

2021

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“…Previous research only measured the performance of Indonesian SOEs using ROA and ROE, which only show the financial aspect (Astami et al, 2010;Harymawan et al, 2020). In comparison, this research measures SOEs' performance from their financial, administrative, and operational aspects, based on a copy of the Decree of the Minister of SOEs Number KEP-100/MBU/2002.…”

Section: Introductionmentioning

confidence: 99%

“…According to Nakavachara (2020), the directors' technical skills in managing company resources result in superior performance, but a higher level of education does not guarantee these abilities. This research uses the size of the firm, the size of the board of directors, and leverage as control variables (Harymawan et al, 2020;Pucheta-Martínez & Gallego-Álvarez, 2019). Observations were conducted between 2014 and 2019 due to the change of government and the many restructurings of SOEs' directors that could affect performance.…”

Section: Introductionmentioning

confidence: 99%

Characteristics of a Good Board of Directors for Indonesian SOEs Performance

Wardhani

Supratiwi

2023

JIEB

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Introduction/Main Objectives: This research aims to empirically show the positive influence of the board of directors' characteristics on company performance, proxied by female directors, political connections, economic and/or business educational backgrounds, and education levels. Background Problems: Essential characteristics are required to produce quality strategies because they directly affect the performance of SOEs, and Regulation PER-8/MBU/08/2020 of the Minister of SOEs restructures the BOD to increase the proportion of women. Novelty: This research measures SOEs' performance from their financial, administrative, and operational aspects. It comprehensively assesses the dual function of SOEs as public servants and producers of state profits. Research Methods: A total of 245 Indonesian state-owned enterprises were examined between 2014 and 2019 using panel regression with the random effect model. The companies’ performance data were obtained from the Information Management and Documentation Officer (PPID) of the Ministry of SOEs of the Republic of Indonesia (RI). Finding/ Results: The results show that female directors and political connections positively influence the performance of SOEs. According to the robustness test, directors with economic and/or business education backgrounds positively influence the financial performance, and the higher the education level is, this negatively influences the performance of SOEs. Conclusion: Essentially, this research supports the plan of the Minister of SOEs to increase the proportion of women on the boards of directors. The findings also prove that political connections strengthen the personal qualities of SOE directors, whether they are female or not.

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“…Since 2002, the Government of Indonesia has organised the Public Disclosure Program for Environmental compliance (PROPER) to assess the company's environmental management. Indonesian SOEs, as state-owned companies, must be responsible for their environmental management (Chariri et al, 2017;Harymawan et al, 2020). Unfortunately, not all SOEs have participated in PROPER because of its voluntary nature.…”

Section: Introductionmentioning

confidence: 99%

The Role of Female and Millennial Directors on the Environmental Performance of Indonesian SOEs

Wardhani

Purwinanti

Priandi

2022

Jurnal Ilmiah Akuntansi dan Bisnis

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The Indonesian Ministry of SOEs seeks to increase the proportion of female and millennial directors on the SOE board of directors to improve the environmental performance of SOE. This study aims to obtain empirical evidence of female and millennial directors' influence on the environmental performance of SOE. The results indicate that female directors have a negative effect on environmental performance. The proportion of female directors is only a political reason to meet the quota requirements for women directors on the SOE board of directors. They only practice tokenism without having management power over the environment. Conversely, millennial directors have a positive impact on environmental performance. Robustness testing shows the same results as the primary research model and proves that this study's findings are robust. This research has implications for The Ministry of SOEs to increase millennial directors' representation to improve SOE corporate governance and obtain high environmental performance. Keywords: female directors, millennial directors, environmental performance

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How does the presidential election period affect the performance of the state-owned enterprise in Indonesia?

Cited by 6 publications

References 23 publications

Are political connections beneficial or harmful toward firms’ performance? A meta-analysis approach

Are political connections beneficial or harmful toward firms’ performance? A meta-analysis approach

Characteristics of a Good Board of Directors for Indonesian SOEs Performance

The Role of Female and Millennial Directors on the Environmental Performance of Indonesian SOEs

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