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标题：COMPARATIVE ANALYSIS OF FINANCIAL PERFORMANCE DURING AND AFTER PRIVATIZATION SOE
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作者：Wiwit Puspadewi
期刊名称：Faculty of Economics
出版年度：2010
卷号：0
期号：0
语种：English
出版社：Faculty of Economics
摘要：Keywords: Comparative Performance of SOEs, SOE Performance Before and AfterPrivatizationABSTRACTIndonesia is trying to get out of its economic crisis, therefore the Government to privatize as oneway out that must be pursued. Step consistent privatization is also one of the Government'scommitments to the donor countries, and also the IMF. But on the other hand, many also arguethat the wealth / state assets should not be sold to outsiders. They interpreted that selling stateownedis equal to the selling state. There is also an associate privatization problem with article33 paragraphs (2) of the 1945 Constitution which states that the branches of production thatcontrols the lives of many people must be controlled by the state. The purpose of the study byeight state-owned objects is to determine the extent to which the significance of these SOEsfinancial performance before and after privatization. This research used a comparativedescriptive. Where, hypothesis testing is done by using t-test. In measuring the financialperformance of this, the authors use the Ministerial Decree No. SOE: KEP-100/MBU/2002 withbased 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, TotalEquity to Total Assets. After testing the hypothesis with a significance level α = 0.05 is knownthat there was no significant difference from the level of financial performance of SOEs beforeand after privatization. This is because the main purpose of the government to privatize now isjust to fill or cover the budget deficit, should aim to achieve is to improve SOE performanceitself. So if the financial performance of SOEs did not change/increase significantly as well inthe years following the government decision to privatize should be reviewed.