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All Journal Jurnal Ilmiah Ekonomi, Akuntansi dan Pajak Jurnal Multidisiplin Indonesia
Sonny Setyadhy
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Agriculture, Biological Sciences & Forestry Humanities Computer Science & IT Economics, Econometrics & Finance Law, Crime, Criminology & Criminal Justice

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State-Owned Enterprises As Development Agent: Between Business Interests And Social Responsibility Sonny Setyadhy; Adie Kusna Wibowo
Jurnal Multidisiplin Indonesia Vol. 3 No. 2 (2025): Juni : Jurnal Multidisiplin Indonesia
Publisher : PT. ALHAFI BERKAH INDONESIA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62007/joumi.v3i2.532

Abstract

This research examines the dual role of State-Owned Enterprises (SOEs) as business entities and agents of national development. The study analyzes how SOEs balance profit orientation with social responsibility in carrying out their function as a state instrument in economic development. Through a literature review approach and document analysis of several SOEs in Indonesia, the research reveals the dynamic relationship between commercial objectives and social missions. The results indicate that SOEs face dilemmas in balancing business efficiency with the public service obligations, while corporate governance emerges as a key factor in optimizing both roles. The research concludes that clear regulatory frameworks and effective monitoring mechanisms are necessary to ensure SOEs can optimally fulfill their dual fuctions.
The Effect of Construction Cost Index, Investment, and Regional Budget Realization on The Performance of Indonesia's Construction Sector Sonny Setyadhy; Pudji Astuty
Jurnal Ilmiah Ekonomi, Akuntansi, dan Pajak Vol. 3 No. 2 (2026): Juni : Jurnal Ilmiah Ekonomi, Akuntansi, dan Pajak (JIEAP)
Publisher : Asosiasi Riset Ekonomi dan Akuntansi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61132/jieap.v3i2.2288

Abstract

The construction sector plays a vital role in Indonesia's economic development, contributing significantly to national GDP and employment. However, the sector's performance has exhibited fluctuating trends in recent years, influenced by various macroeconomic and fiscal factors. This study aims to analyze the influence of the Construction Cost Index, Investment, and Regional Budget Realization on the performance of the Indonesian construction sector. The research employs a quantitative approach using panel data regression analysis. The sample comprises 20 provinces in Indonesia, observed over the period 2018 to 2023. The data utilized were sourced from Statistics Indonesia (BPS) and the Ministry of Finance. The results of the panel data regression analysis indicate that the Construction Cost Index, Investment, and Regional Budget Realization simultaneously have a significant effect on the performance of the construction sector. Partially, each independent variable also demonstrates a positive and significant influence. These findings suggest that increases in construction costs, investment flows, and the realization of regional government budgets are key determinants in driving the growth and performance of the construction sector across Indonesian provinces. The study underscores the importance of consistent and targeted fiscal policies to maintain the sector's momentum as a crucial engine of the national economy.
Co-Authors Adie Kusna Wibowo Pudji Astuty