Article Per Year (5 Year)
p-Index From 2020 - 2025
0
P-Index
This Author published in this journals
All Journal Jurnal Manajemen Update
ARIZKY, ERIE ARIZKY B1021141052
Unknown Affiliation
Decision Sciences, Operations Research & Management

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search
Journal : Jurnal Manajemen Update

 1 
Analisis Kinerja Keuangan Badan Usaha Milik Negara Sebelum dan Sesudah Privatisasi Tahun 2001-2013 ARIZKY, ERIE ARIZKY B1021141052
Jurnal Manajemen Update Vol 7, No 1 (2018): Jurnal Mahasiswa Manajemen
Publisher : Jurnal Manajemen Update

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Since three decades privatization has become a controversial issue and wide spread phenomenom both in developed and developing countires. It was believed that privatization is an effective method for improving the performance and efficiency of State-Owned Enterprises (SOE’s). In Indonesia, it aims not only to improve the SOE’s performance and efficiency, but also as a means to increase public participation through stock ownership.            The purpose of this study is to compare the financial performance before and after the privatization of 14 (SOE’s) in 8 sub-sectors that privatized through Initial Public Offering (IPO) between 2001 and 2013.             The results of Paired Sample T-test showed that after privatization liquidity is found increase insignificantly, while leverage and profitability measured by Return On Equity (ROE) decreased significantly, except for Return On Asset (ROA). Efficiency level shows different result depend on the measurement, it decreased significantly measured by Total Aset Turnover (TATO) but it turns out to be significantly positive when measured by Sales Efficiency (SALEF) and Net Income Efficiency (NIEF).Key Words: Privatization, Financial performance, BUMN
Co-Authors