Gunawan Widjaja
Dosen Fakultas Hukum Universitas 17 Agustus 1945 Jakarta

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OPTIMISATION OF GOVERNANCE AND GCG IN STATE-OWNED ENTERPRISES: A LITERATURE REVIEW ON TRANSPARENCY, ACCOUNTABILITY, AND ERADICATION OF CORRUPTION PRACTICES Agustinus Nugroho Jati; Gunawan Widjaja; Dyah Ersita Yustanti
INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE Vol. 3 No. 1 (2025): INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE (INJOLE)
Publisher : Adisam Publisher

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Abstract

This study aims to systematically examine how optimising governance and implementing Good Corporate Governance (GCG) principles can serve as an effective strategy in eradicating corruption practices in State-Owned Enterprises (SOEs). Through a literature review approach, this study outlines the role of transparency and accountability as key pillars in sound SOE governance, while also analysing the obstacles and challenges in their implementation. Furthermore, this study explores how strengthening internal and external supervisory institutions, implementing digital governance technology, and transforming organisational culture play an important role in closing corruption loopholes. The results of the study show that optimising GCG not only improves the performance of SOEs but also serves as a strategic instrument for building integrity, strengthening accountability, and promoting transparency in a sustainable manner. The implications of this study encourage policymakers and SOE management to strengthen the governance framework with the support of regulations, technology, and multi-stakeholder participation in order to realise clean and professional SOEs.
CONTRIBUTION OF STATE-OWNED ENTERPRISES TO NATIONAL ECONOMIC DEVELOPMENT: A LITERATURE REVIEW STUDY ON SYNERGY, REGULATION AND STRATEGIC ROLE AMID GLOBAL COMPETITION Agustinus Nugroho Jati; Gunawan Widjaja; Dyah Ersita Yustanti
INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE Vol. 3 No. 1 (2025): INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE (INJOLE)
Publisher : Adisam Publisher

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Abstract

This study examines the contribution of State-Owned Enterprises (SOEs) to Indonesia's national economic development, focusing on synergies between stakeholders, regulations, and the strategic role of SOEs in facing increasingly fierce global competition. Through a literature review approach, the study analyses relevant literature, policy documents, and regulations to understand how SOEs function as agents of development as well as competitive business actors. The results of the study confirm that synergy between SOEs, the private sector, and the government is essential in strengthening inclusive and sustainable economic development. In addition, regulatory reforms that improve the governance and administration of SOEs are key to increasing international competitiveness without neglecting their social function. In conclusion, with adaptive regulatory support and solid synergy, SOEs can continue to be a reliable engine of national development while effectively facing global challenges.