PRIVATISASI STRUKTUR KEPEMILIKAN, DAN KINERJA BUMN DI INDONESIA

Abdul Kadir Usri

Abstract


One of the measures to improve the productivity and efficiency of BUMN isprivatization. Privatization
is considered successful if it can improve efficiency, decrease the price or service improvements and performance
enhancements. The population in this study are all state-owned enterprises to be privatized using the Initial
Public Offering (IPO) from the period 1991 to 2004. The analysis method used in this research is multiple line
arregression. The results showed (1) public ownership is partially significant effect on the performance of
BUMN after privatization as measured by ROS, ROI, ROE, and SALEFF, so the proposed hypothesis proved
correct. The influence of public ownership of the largest BUMN performance after privatization is shown by
the measured performance using ROS and the smallest is SALEFF. (2) The prospective share holders with ROS
great interest, as this is one indicator of the success of a company, the company’s sales performance
improvement and management can manage BUMN well after privatization (3) SALEFF is a measure of
performance (efficiency of operations) thats hows the efficiency of sales or revenues, measured using a
weighing between sales or income by the number of employees BUMN privatization proceeds. The prospective
share holders interested SALEFF great because it shows more efficiency operation BUMN privatization
results, which compare sales or revenue to the number of employees who work in there.

Keywords


privatization; ownership structure; ROS; ROI; ROE; SALEFF;

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DOI: https://doi.org/10.18860/iq.v10i1.3578



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