SOE Privatization in Indonesia: Impact Towards Firms Profitability, Leverage, and Labor Intensity (1988 - 2013)  

Oleh:

Apti, Ardelia ; Qibthiyyah, Riatu M.

Jenis: Article from Journal - ilmiah nasional - tidak terakreditasi DIKTI
Dalam koleksi: Mini Economica Media Komunikasi Ilmu Ekonomi no. 44 (Apr. 2015), page 1-17.
Topik: SOE; State Owned Enterprise; privatization; Indonesia

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: MM89 Non-tandon: tidak ada Tandon: 1

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Isi artikel

For the last three decades, privatization has been a worldwide phenomenon since its introduction from Britains Thatcher government in the 1980s. In Indonesia, SOE privatization started in the 1990s, triggered by the budget deficit and poor SOE performance at the time. To date, the policy has remain a contradiction having economists both supportive and skeptic to the effectiveness and mixed empirical evidence of implementations success in multiple economies. This research tries to analyze the impact of privatization towards Indonesian SOEs profitability, leverage, and labor intensity. Using panel data of 19 privatized SOEs from 1988-2013. The study shows that privatization does not always generate good improvement of financial and operating performance at least for the short-run observed (up to 3 years after privatization). The research also shows correlation of dominance of government shares, sequential timing of privatization, and the different methods of privatization implemented.

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