Article Per Year (5 Year)
p-Index From 2021 - 2026
0.444
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All Journal Return : Study of Management, Economic and Bussines Greenation International Journal of Economics and Accounting
Yudi Budi Yuniarso
Universitas Borobudur, Indonesia
Economics, Econometrics & Finance

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State-Owned Enterprises as Agents of Development: Between Business Interests and Social Responsibility Yudi Budi Yuniarso; Bambang Bernanthos
Greenation International Journal of Economics and Accounting Vol. 3 No. 4 (2025): Greenation International Journal of Economics and Accounting (December 2025 - F
Publisher : Greenation Research & Yayasan Global Resarch National

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/gijea.v3i4.641

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 state instruments 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 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 functions.
Analysis of the Influence of Investment, Labor, and Infrastructure on Economic Growth in Indonesia Yudi Budi Yuniarso; Sugiyanto
Return : Study of Management, Economic and Bussines Vol. 5 No. 5 (2026): Return: Study of Management, Economic and Business
Publisher : PT. Publikasiku Academic Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.57096/return.v5i5.466

Abstract

Indonesia, as the largest economy in Southeast Asia, has experienced various economic dynamics following the COVID-19 pandemic, including fluctuations in investment, employment, and infrastructure development. This research analyzes the influence of investment, labor, and infrastructure on Indonesia’s economic growth during the 2020–2025 period. Using secondary data from BPS and related institutions, this study applies descriptive and quantitative analysis. The results show that foreign direct investment increased by 12.7% in Q1 2025, reaching Rp230.4 trillion. The labor force participation rate rose to 69.30% in 2023. Government infrastructure allocation reached Rp423 trillion in 2024, representing an 8% increase from the previous year. All three variables are positively correlated with economic growth, which reached 4.87% in Q1 2025. The interaction among these three variables creates synergy that drives economic growth through a multiplier effect, whereby infrastructure investment increases labor productivity, which in turn attracts further investment and creates a positive cycle for economic development. In conclusion, investment plays a strategic role in increasing production capacity and job creation; labor force participation continues to improve, although it still faces quality-related challenges due to the dominance of the informal sector; and infrastructure development reflects the government’s strong commitment despite the persistent infrastructure gap. The study recommends improving investment quality, strengthening labor training, and accelerating infrastructure development to support national economic targets.
Co-Authors Bambang Bernanthos Sugiyanto