Study of State-Owned Enterprises (SOEs) Profitability in Indonesia 2012-2016 Period
One of the purposes of the establishment of SOEs is to become a source of funding for the state. But unfortunately, the losses and potential bankruptcy is still a business challenge to date. Therefore, the aims of this research to analyze the SOEs’ financial performance and the factors that affected...
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| Format: | Article |
| Language: | English |
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Fakultas Ekonomi Universitas Sriwijaya
2020-05-01
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| Series: | Sriwijaya International Journal of Dynamic Economics and Business |
| Subjects: | |
| Online Access: | http://sijdeb.unsri.ac.id/index.php/SIJDEB/article/view/181 |
| _version_ | 1818596129468579840 |
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| author | Muhamad Fathul Muin . Jumadi Amalia Kusuma Wardini |
| author_facet | Muhamad Fathul Muin . Jumadi Amalia Kusuma Wardini |
| author_sort | Muhamad Fathul Muin |
| collection | DOAJ |
| description | One of the purposes of the establishment of SOEs is to become a source of funding for the state. But unfortunately, the losses and potential bankruptcy is still a business challenge to date. Therefore, the aims of this research to analyze the SOEs’ financial performance and the factors that affected profitability. The analysis method used is panel data regression involving 118 financial data companies in the year of 2012-2016. The variables used consisted of return on assets (ROA), total asset growth (TAG), current ratio (CR), total assets turnover (TATO), and debt to equity ratio (DER). After eliminating the outlier data and use other statistical tests, a fixed-model effect (FEM) was obtained. Based on the analysis result, the effect of TAG, CR, and TATO is positive and significant on the ROA. Meanwhile, the effect of the DER is not significant on ROA. This model is able to explain the variation of the dependent variable of 92,40 percent. |
| first_indexed | 2024-12-16T11:27:00Z |
| format | Article |
| id | doaj.art-8dbac32450014cb49cb357102f2a5f16 |
| institution | Directory Open Access Journal |
| issn | 2581-2904 2581-2912 |
| language | English |
| last_indexed | 2024-12-16T11:27:00Z |
| publishDate | 2020-05-01 |
| publisher | Fakultas Ekonomi Universitas Sriwijaya |
| record_format | Article |
| series | Sriwijaya International Journal of Dynamic Economics and Business |
| spelling | doaj.art-8dbac32450014cb49cb357102f2a5f162022-12-21T22:33:19ZengFakultas Ekonomi Universitas SriwijayaSriwijaya International Journal of Dynamic Economics and Business2581-29042581-29122020-05-0141577210.29259/sijdeb.v4i1.57-7296Study of State-Owned Enterprises (SOEs) Profitability in Indonesia 2012-2016 PeriodMuhamad Fathul Muin0. Jumadi1Amalia Kusuma Wardini2BPS-Statistics Papua & Indonesia Open UniversityUniversity of Widya MataramIndonesia Open UniversityOne of the purposes of the establishment of SOEs is to become a source of funding for the state. But unfortunately, the losses and potential bankruptcy is still a business challenge to date. Therefore, the aims of this research to analyze the SOEs’ financial performance and the factors that affected profitability. The analysis method used is panel data regression involving 118 financial data companies in the year of 2012-2016. The variables used consisted of return on assets (ROA), total asset growth (TAG), current ratio (CR), total assets turnover (TATO), and debt to equity ratio (DER). After eliminating the outlier data and use other statistical tests, a fixed-model effect (FEM) was obtained. Based on the analysis result, the effect of TAG, CR, and TATO is positive and significant on the ROA. Meanwhile, the effect of the DER is not significant on ROA. This model is able to explain the variation of the dependent variable of 92,40 percent.http://sijdeb.unsri.ac.id/index.php/SIJDEB/article/view/181profitabilityfinancial performancepanel regressionstate-owned enterprise (soe) |
| spellingShingle | Muhamad Fathul Muin . Jumadi Amalia Kusuma Wardini Study of State-Owned Enterprises (SOEs) Profitability in Indonesia 2012-2016 Period Sriwijaya International Journal of Dynamic Economics and Business profitability financial performance panel regression state-owned enterprise (soe) |
| title | Study of State-Owned Enterprises (SOEs) Profitability in Indonesia 2012-2016 Period |
| title_full | Study of State-Owned Enterprises (SOEs) Profitability in Indonesia 2012-2016 Period |
| title_fullStr | Study of State-Owned Enterprises (SOEs) Profitability in Indonesia 2012-2016 Period |
| title_full_unstemmed | Study of State-Owned Enterprises (SOEs) Profitability in Indonesia 2012-2016 Period |
| title_short | Study of State-Owned Enterprises (SOEs) Profitability in Indonesia 2012-2016 Period |
| title_sort | study of state owned enterprises soes profitability in indonesia 2012 2016 period |
| topic | profitability financial performance panel regression state-owned enterprise (soe) |
| url | http://sijdeb.unsri.ac.id/index.php/SIJDEB/article/view/181 |
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