Abstract
This study talks about how many Regional-Own Enterprises (BUMD) there are in the Indonesian economy. In this study, we look at the institutional aspects of BUMD, how BUMD helps the local economy, and how Good Corporate Governance (GCC) is used to run BUMD. The method used is to look at research articles from a variety of sources to learn about them. Government Regulation No. 54 of 2017 on Regional Owned Enterprises already has rules and regulations in place to make BUMD a legal entity that is owned by a regional government. This is because BUMD doesn't do a good job of running things, which means that the results haven't been able to generate new revenue that's equal to a big chunk of regional income. BUMD must be able to be run in accordance with Good Corporate Governance in order to make sure that local businesses are run properly and to help the region.
Highlights
Regional-Own Enterprises (BUMD) are firms that are owned by local governments and exist to generate cash for local revenue (PAD)
The results show that BUMD doesn't play a big role in the development of PAD in these places (Rosid, Heriasman and Suwaji, 2020, 2021, and 2022). (Novita & Suwaji, 2021). 2020) and Bali (Sukarmi & Budiasih, 2016)
A State-Owned Enterprise, which is a business owned by a regional government, already has a set of rules and guidelines in place
Summary
Regional-Own Enterprises (BUMD) are firms that are owned by local governments and exist to generate cash for local revenue (PAD). The reality is that existing BUMDs have been unable to generate a meaningful contribution to local revenue (PAD); local governments have injected more cash than profits can be earned. This condition adds to the APBD's load. BUMD's community service orientation should enable it to address the demands and interests of the general public (Harahap, 2011). This study makes use of descriptive analysis, which is a method of presenting facts in a methodical fashion, followed by an explanation and rationale for the reader
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