•  
  •  
 

Abstract

Abstract

State-owned enterprises (SOEs) are one of the engines of economic activity that could make a positive contribution to the national economy. SOEs has a strategic role in development, certain business sectors and as implementers of public services. The role of SOEs is manifested in the form of a business entity that is profit-oriented and public services so that it requires serious and professional guidance, management, and supervision by the government through the Ministry of SOEs. According to Law No. 19 of 2003, the guidance and management of SOEs is no longer based on the APBN system, but based on the good corporate governance. Explicitly, this norm encourages the government through the Ministry of SOEs to act more professionally which can improve competitiveness in the development and management of SOEs. This article is to examine on how Ministry of SOEs role can be improved so the Ministry could be more independent to guide, manage, and supervise SOEs.

Keywords: soes; guidance; management; supervision; good corporate governance

Bahasa Abstract

Abstrak

Badan Usaha Milik Negara (BUMN) merupakan salah satu mesin penggerak kegiatan ekonomi yang dapat memberikan kontribusi positif terhadap perekonomian nasional. BUMN memiliki peran strategis dalam pembangunan, sektor-sektor usaha tertentu dan sebagai pelaksana pelayanan publik. Peran BUMN diwujudkan dalam bentuk korporasi badan usaha yang profit oriented dan public services, sehingga memerlukan pembinaan, pengelolaan dan pengawasan yang serius serta profesional oleh pemerintah melalui Kementerian BUMN. Berdasarkan Undang-Undang No. 19 Tahun 2003, pembinaan dan pengelolaan BUMN tidak lagi didasarkan pada sistem Anggaran Pendapatan Belanja Negara (APBN), namun didasarkan pada prinsip-prinsip perusahaan yang sehat. Secara eksplisit, norma tersebut mendorong pemerintah melalui Kementerian BUMN untuk lebih bertindak profesional yang mampu meningkatkan daya saing dalam pembinaan dan pengelolaan BUMN. ini mengkaji gagasan bagaimana seharusnya peran Kementerian BUMN dapat ditingkatkan, sehingga Kementerian BUMN lebih independen dalam pembinaan, pengelolaan serta pengawasan BUMN.

Kata kunci: bumn; pembinaan; pengelolaan; pengawasan; good corporate governance

References

Biliography

Articles

Aharoni, Yair. “Performance Evaluation of State-Owned Enterprises: A Process Perspective”. Management Science, Vol. 27. No. 11 (November 1981): 1340-1347.

Ansari, Muhammad Insa. “The Role of the State-Owned Enterprises on Maritime Development”. Jurnal Rechtsvinding, Vol. 8. No. 2 (August 2019): 186-202.

Anastassopoulos, Jean-Pierre. “State-Owned Enterprises between Autonomy and Dependency”. Journal of Public Policy, Vol. 5. No. 4 (October 1985): 521-539.

Arta, I Made Asu Dana Yoga. “Status Kepemilikan Badan Usaha Milik Negara (BUMN) Persero setelah Dikuasai oleh Pihak Swasta”. Jurnal IUS, Vol. V. No. 2 (August 2017): 178-188.

Benoit, Phillipe, “State-Owned Enterprises: No Climate Success Without Them”, Journal of International Affairs Editorial Board”, (2019).

Cuervo-Cazurra, Alvaro. et. al. “Governments as Owners: State-Owned Multinational Companies”. Journal of International Business Studies, 45 (2014): 919-942.

Dahoklory, Madaskolay Viktoris. “Dinamika Pengelolaan Keuangan BUMN perihal “Dilema” antara Kerugian Negara ataukah Kerugian Bisnis”. Jurnal Rechtsvinding, Vol. 9. No. 3 (December 2020): 349-365.

E.M., David, Sappington, dan J. Gregory Sidak. “Competition Law for State-Owned Enterprises”. Antitrust Law Journal, Vol. 71. No. 2 (2003): 479-523.

Harymawan, Iman. Et.Al, “How Does the Presidential Election Period Affect the Performance of the State-Owned Enterprise in Indonesia?”. Cogent Business & Management, (2020): 1 – 14.

Kartadjoemena, Hassan. “State Enterprises in Indonesia: Present Issues and Future Prospects”. Southeast Asian Affairs, (1976): 201-208.

Khaq, Akhsanul, Dermawan Syahrial, dan Wilhelmus Hary Susilo.“An Increased on Firm Value: Insight in State Owned Enterprises that Listed on the Indonesia Stock Exchange 2013-2018”. International Journal of Economics and Financial Issues, 10(2) (2020):143-147.

Kim, Kyunghoon. “Using Partially State-Owned Enterprises for Development in Indonesia”. Asian Pacific Business Review, Vol. 25. No. 3 (2019): 317 – 337.

­­­______________. “Matchmaking: Establishment of State-Owned Holding Companies in Indonesia”. Wiley Asia & Pacific Policy Studies, (2018): 313-330.

______________. “Indonesia’s Restrained State Capitalism: Development and Policy Challenges”. Journal of Contemporary Asia, (2019): 1-28.

Komandoko, Kukuh, “The Distortion on Law Enforcement in The Financial Services Sector (The Case of Dana Pensiun Pupuk Kalimantan Timur),” Prosiding Konferensi Nasional Hukum Pidana 2019, Telaah Kritis Kebijakan dan Penegakan Hukum Pidana Terhadap Pelaku Pidana di Bidang Perekonomian, Palembang, 30-31 Oktober 2019.

Lewin, Arie Y. “Research on State-Owned Enterprises: Introduction”. Management Science, Vol. 27. No. 11 (November 1981): 1324-1325.

Lin, Justin Yifu, Fang Cai, dan Zhou Li. “Competition, Policy Burdens, and State-Owned Enterprise Reform”. The American Economic Review, Vol. 88. No. 2 (May 1998): 422-427.

Meissner, Dirk, David Sarpongb, dan Nicholas S. Vonortas. “Introduction to the Special Issue on Innovation in State Owned Enterprises: Implications for Technology Management and Industrial Development”. Industry and Innovation, Vol. 26. No. 2 (December 2018): 121-126.

Muhammad, Marie, Astar Siregar. Kertas Kerja Kongres ISEI ke-9, Cipanas 27-30 Juli 1983.

Purba, A. Zen Umar. “Privatization in Indonesia: Restructuration and Public Offering”. Jurnal Hukum dan Pembangunan. No. 2. Tahun Ke-27. (April 1997): 85-93.

Rajaguguk, Erman. “BUMN Persero Sebagai Badan Hukum, Pengertian Keuangan Negara Dan Kerugian Negara: Lahirnya PP 33 Tahun 2006 dan Implikasinya bagi Pemberantasan Korupsi”. dalam Badan Usaha Milik Negara dalam Bentuk Perseroan Terbatas (2016): 29-62.

Rajavuori, Mikko. “State Ownership and the United Nations Business and Human Rights Agenda: Three Instruments, Three Narratives”. Indiana Journal of Global Legal Studies. Vol. 23. No. 2 (2016): 665-708.

Ramamurti. Ravi. “Performance Evaluation of State-Owned Enterprises in Theory and Practice”. Management Science. Vol. 33. No. 7 (July 1987): 876-893.

Ruru, Balecius. “Restrukturasi Peran BUMN: Tinjauan Ideologis dan Ekonomis”. Jurnal Ekonomi Pembangunan. Vol. 8. (1966): 26-31.

Sánchez, Enrique Moreno de Acevedo. “State Owned Enterprise Management: Advantage of Centralized Modals, Institutions for Development Center, (2016).

Sari, Maya. Et. Al. “The Influence of Organization’s Culture and Internal Control to Corporate Governance and is Impact on Bumn (State-Owned Enterprises) Corporate Performance in Indonesia”. Journal of Advanced Research in Law and Economics, Volume IX. Spring. 2(32) (2018): 681-691.

Shidarta, Stijn Cornelis Van Huis, “Between Revenues and Public Services Delivery,” Bijdragen Tot De Taal-, Land-En Vonkenkunde Vol 176, No 2/3, (2020).

Simamora, Bachtiar H., Hartiwi Prabowo dan Rudi. “Success Level Implementation of ERP at Indonesia State- Owned Enterprises Transportation Sectors”. Journal of Physics: Conf. Series 1175 (2019): 1 – 9.

Sun, Qian, Wilson Tong, dan Jing Tong. “How Does Government Ownership Affect Firm Performance? Evidence from China’s Privatization Experience”. Journal of Business and Accounting, 29 (1) & (2) (January-March 2002): 1-23.

Supranowitz, Stephan. “The Law of State-Owned Enterprises in a Socialist State”. Law and Contemporary Problems, Vol. 26. No. 4. (1961): 794-801.

Song, Ligang “State-Owned Enterprise Reform in China: Past, Present and Prospects,” in China’s 40 Years of Reform and Development, Edited by Ross Garnaut, Ligang Song and Cai Fang. ANU Press, (2018).

Toha, Kurnia. “Masa Depan Monopoli Badan Usaha Milik Negara di Indonesia”. Jurnal Hukum dan Pembangunan. No. 2. Tahun Ke-34. (April – June 2004): 110-120.

Vernon, Raymond. “Linking Managers with Ministers: Dilemmas of the State-Owned Enterprise”. Journal of Policy Analysis and Management, Vol. 4. No. 1 (1984): 39-55.

W, Andjar Pachta. “Peranan Badan-Badan Usaha Negara di Indonesia”. Jurnal Hukum Pembangunan, (1983).

W., Emita, Astami, Greg Tower, Rusmin Rusmin, dan John Neilson. “The Effect of Privatisation on Performance of State-Owned-Enterprises in Indonesia”. Asian Review of Accounting, Vol. 18. No. 1 (2010): 5-19.

Wang, Xiaolu, “State-Owned Enterprise in China: has it been effective?”. ANU Press, 2002.

Warburton, Eve. “A New Developmentalism in Indonesia?”. Journal of Southeast Asian Economies, Vol. 35. No. 3 (2018): 355-368.

Wicaksono, Agung. “Indonesian State-Owned Enterprises: The Challenge of Reform”. Southeast Asian Affairs, (2008): 147-167.

Wilkinson, Peter, “10 Anti-corruption Principles for State-Owned Enterprises”, Transperency International, (2017).

Willemyns, Ines. “Disciplines on State-Owned Enterprises in International Economic Law: Are We Moving in the Right Direction?”. Journal of International Economic Law Oxford, (2016): 657–680.

Books

HR, Ridwan. Hukum Administrasi Negara. Jakarta: Rajawali Pers, 2016.

Muchayat. Badan Usaha Milik Negara: Retorika, Dinamika dan Realita (Menuju BUMN yang Berdaya Saing). Jakarta: Gagas Bisnis, 2010.

OECD. Guidelines on Corporate Governance of State-Owned Enterprises. Paris: OECD Publishing, 2015.

____­_. Ownership and Governance of State-Owned Enterprises: A Compendium of National Practices. Paris: OECD Publishing, 2018.

Simatupang, Dian Puji. Paradoks Rasionalitas Perluasan Ruang Lingkup Keuangan Negara dan Implikasinya Terhadap Kinerja Keuangan Pemerintah. Jakarta: Badan Penerbit FHUI, 2011.

Tjandra, W. Ridwan. Hukum Keuangan Negara. Jakarta: Grasindo, 2014.

World Bank. Corporate Governance of State-Owned Enterprises: A Toolkit. Washington, DC: World Bank, 2014.

Court Decisions and Regulations

Indonesia. 1945 Constitution.

__________. Law on State-Owned Enterprises, Law No.19 of 2003, LN No. 70 of 2003, TLN No. 4297.

__________, Law on State Treasury, Law No. 01 of 2004, LN No. 5 of 2007, TLN No. 4355.

__________, Law on Limited Liability Companies, Law No. 40 of 2007, LN No. 106 of 2007, TLN No. 4756.

__________, Government Regulation on The Delegation of Position, Duties and Authority of the Minister of Finance as Shareholders or General Meeting of Shareholders (GMS) in the Company to the Minister of State-Owned Enterprises Utilization of State-Owned Enterprises, GR No. 50 of 1998, LN No. 82 of 1998, TLN No. 3758.

__________. Law on State-Owned Enterprises, Law No. 19 of 2003, LN No. 70 of 2003, TLN No. 4297.

__________. Law on Job Creation, Law No.11 of 2020, LN No. 245 of 2020, TLN No. 6573.

__________, Government Regulation on The Delegation of Position, Duties, and Authority of the Minister of Finance in Persero Companies, Public Companies (PERUM), and Office Companies (PERJAN) to the Minister of State-Owned Enterprises, GR No. 41 of 2003, LN No. 97 of 2003, TLN No. 5420.

__________, Government Regulations on Mergers, Consolidation, Takeovers, and Changes in the Form of Legal Entities of State-Owned Enterprises, GR No. 43 of 2005, LN No. 115 of 2005, TLN No. 4554.

__________, Government Regulation on Procedures for Participation and Administration of State Capital in State-Owned Enterprises and Limited Liability Companies, GR No. 44 of 2005, LN No. 116 of 2005, TLN No. 4555 as amended last time by Government Regulation of the Republic of Indonesia, PP No. 72 of 2016, LN No. 325 of 2016, TLN No. 6006

__________, Government Regulation on the Establishment, Management, Supervision, and Dissolution of State-Owned Enterprises, GR No. 45 of 2005, LN No. 117 of 2005, TLN No. 4556.

__________, Presidential Regulation on the Ministry of State-Owned Enterprises, PR No. 81 of 2019.

The Decision of the Supreme Court of the Constitution of the Republic of Indonesia No. 48/PUU-XI/2013 dated September 18, 2014.

Internet

Kementerian BUMN. “Sejarah Kementerian BUMN. Accessed January 20, 2020. https://bumn.go.id/about/profile.

Kementerian BUMN. “Kinerja Keuangan BUMN”. Accessed February 9, 2021. https://bumn.go.id/investor/finance.

Share

COinS