State-Owned Enterprises and Economic Constitutions: A Case Study of Judicial Review of Law NO.19 of 2003

Trihatmoko, R. Agus

doi:10.25216/jhp.8.1.2019.149-165

Cited by 6 publications

(3 citation statements)

References 7 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…These pillars underlie the principles of corporate governance according to the OECD, namely the rights of shareholders, fair treatment to shareholders, the role of stakeholders in corporate governance, disclosure and transparency, and the responsibilities of the board of directors (Sulistiyanto and Prapti, 2003;Fujianti, 2018). Corporate governance has one of the most important elements where management ownership is clearly controlled both in private sector and state-owned enterprises (Trihatmoko, 2019). This concerns that trust in corporate governance is related to the amount of share ownership, where high ownership will increase suspicion of conflicts of interest in managing the company.…”

Section: Introductionmentioning

confidence: 99%

The Relationship Between Good Corporate Governance and Performance of Most Liquid Stocks in Indonesia

Karim¹,

Purwanto²

2020

RWE

View full text Add to dashboard Cite

The purpose of this study is to analyze the influence of independent commissioners, managerial ownership, foreign ownership, debt, and audit quality on the performance of company shares included in LQ 45 on the Indonesia Stock Exchange. The research sample is LQ 45 companies that issued financial statements as much as 120 companies with analysis technique used is multiple regression with one dependent variable and five independent variables. The results showed that foreign ownership, debt and audit quality have significant and positive effects on company performance. Moreover, the insider share ownership and the composition of independent commissioners were proven to not significantly affect company performance. This finding is practically useful to expand the possibility of foreign ownership, facilitate regulation of debt and quality audit obligations to improve stock performance. This study offers a new perspective on the implementation of good corporate governance in the context of the performance of liquid stocks on the stock exchange.

show abstract

Section: Introductionmentioning

confidence: 99%

The Relationship Between Good Corporate Governance and Performance of Most Liquid Stocks in Indonesia

Karim¹,

Purwanto²

2020

RWE

View full text Add to dashboard Cite

show abstract

“…However, the two studies have not considered how the differences in conservatism in state‐owned enterprises (SOEs) either privatized (go public) or not/not privatized, while even though many have shown benefits by privatizing SOES (Furqan et al, 2018; Omran, 2009; Tsamenyi et al, 2010; Wahyuni, 2011), but the impact of privatization on the performance of SOEs is still being debated by several parties (Aivazian et al, 2005; Ng et al, 2009; Trihatmoko, 2019; Tsamenyi et al, 2010). Aivazian et al (2005) asserted that without even privatizing, reforms to governance in SOEs have been effective in improving the performance of SOEs.…”

Section: Introductionmentioning

confidence: 99%

Effects of privatization and corporate governance on accounting conservatism in state‐owned enterprises

Saleh

Furqan

Fontanella

et al. 2021

Journal of Public Affairs

View full text Add to dashboard Cite

This study aims to analyze the effect of privatization (go public) and corporate governance on the level of accounting conservatism in state‐owned public sector enterprises (SOEs). Using a research sample of SOEs that have been privatized and not privatized in Indonesia in the period 2010–2014 or as many as 224 firm‐years, the results of this study indicate that although there is a tendency to increase accounting conservatism in SOEs, this is not solely due to privatization of SOEs, but more due to improved corporate governance in SOEs in Indonesia. Therefore, this study has implications for the Government and other parties involved in the management of SOEs, so that they will prioritize increasing the implementation of good governance rather than privatization, especially in order to improve the quality of financial reporting in SOEs in Indonesia.

show abstract

“…One of the efforts of the government or the state in order to develop the national economy is the establishment of SOEs, which are legal entities as regulated in Law No. 19 of 2003 concerning State-Owned Enterprises, herein after referred to as SOE Law, which has a strategic position for improving people's welfare (Trihatmoko, 2019). In order for the government to run well, the state established SOEs to work on the natural wealth for the prosperity of the people (Arta, 2017).…”

Section: Introductionmentioning

confidence: 99%

Implementation of the Equity-based Trust in the State-Owned Enterprises in Indonesia

Anggriani¹,

F.X.²,

Nanik³

2020

IJEBA

View full text Add to dashboard Cite

Purpose: State-owned enterprise directors in Indonesia function as management and as the representation of the company based on the principle of fiduciary duty in good faith and trust. The director also function as public official, where mistakes in actions that could harm the state finance can be categorized as corruption. In this role ambiguity, this study seeks to investigate the implementation of the concept of trust in the legal system in Indonesian stateowned enterprises. Approach/Methodology/Design: The research in this study uses the doctrinal method, known as the normative research method, to explain the role of the director in the implementation of trust in a state-owned enterprise. Findings: The results showed that the implementation of trust can be done through equity, in which a person has an object for the benefit of the other party. Equity requires the fulfilment of obligations based on trust, which makes the person who has the object in the law as the legal owner, to the beneficial owner. Practical Implications: The The application of the concept of trust in SOE directors as a public official needs to be clarified because state-owned enterprises are state-owned legal entities which must also be financially accountable. Originality/value: The study first analyze the trust in SOEs in relation with the function of board of directors in carrying out the obligations as stipulated in the LLC Law, and being responsible for the management of the company, with the aim of generating profits with the good corporate governance.

show abstract

State-Owned Enterprises and Economic Constitutions: A Case Study of Judicial Review of Law NO.19 of 2003

Cited by 6 publications

References 7 publications

The Relationship Between Good Corporate Governance and Performance of Most Liquid Stocks in Indonesia

The Relationship Between Good Corporate Governance and Performance of Most Liquid Stocks in Indonesia

Effects of privatization and corporate governance on accounting conservatism in state‐owned enterprises

Implementation of the Equity-based Trust in the State-Owned Enterprises in Indonesia

Contact Info

Product

Resources

About