Greenation International Journal of Economics and Accounting
Vol. 3 No. 4 (2025): Greenation International Journal of Economics and Accounting (December 2025 - F

State-Owned Enterprises as Agents of Development: Between Business Interests and Social Responsibility

Yudi Budi Yuniarso (Universitas Borobudur, Indonesia)
Bambang Bernanthos (Universitas Borobudur, Indonesia)



Article Info

Publish Date
03 Dec 2025

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.

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Journal Info

Abbrev

GIJEA

Publisher

Subject

Economics, Econometrics & Finance

Description

Greenation International Journal of Economics and Accounting (GIJEA) is managed and published by Greenation Research & Yayasan Global Research National, periodically four times a year every March, June, September, and December. GIJEA is a peer-reviewed journal that publishes scientific articles in ...