INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE (INJOLE)
Vol. 3 No. 1 (2025): INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE (INJOLE)

OPTIMISATION OF GOVERNANCE AND GCG IN STATE-OWNED ENTERPRISES: A LITERATURE REVIEW ON TRANSPARENCY, ACCOUNTABILITY, AND ERADICATION OF CORRUPTION PRACTICES

Agustinus Nugroho Jati (Mahasiswa Doktoral Fakultas Hukum Universitas 17 Agustus 1945 Jakarta)
Gunawan Widjaja (Dosen Fakultas Hukum Universitas 17 Agustus 1945 Jakarta)
Dyah Ersita Yustanti (Dosen Fakultas Hukum Universitas 17 Agustus 1945 Jakarta)



Article Info

Publish Date
10 Oct 2025

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.

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Journal Info

Abbrev

INJOLE

Publisher

Subject

Description

INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE (INJOLE) is a scientific journal that publishes articles in the Business field includes conceptual ideas in the fields of Economics, Accounting, Management, business. The scopes are Human Resource Management, Marketing Management, Financial Management, ...