Status Of State-owned Enterprises Research Articles

RELEVANSI STABILITAS KEUANGAN BANK TERHADAP RISIKO INVESTASI DAN KEBIJAKAN DIVIDEN SEBAGAI VARIABEL MEDIASI

This study aims to test and analyze empirically the relevance of bank financial stability (STAB) to bank stock investment risk (RISK), with dividend policy (DIV) as a mediating variable; and bank company size (SIZE), status of state-owned enterprises (BUMN), and regionally-owned enterprises (BUMD) as control variables. The population in this study are national commercial banks consisting of private banks and BUMN/BUMD banks listed on the Indonesia Stock Exchange for the 2011-2020 period. Using a purposive sampling method, the number of bank companies sampled in this study was 16 bank companies with a total of 160 observations of financial report data (over a 10 year period). In this study, multiple linear regression analysis techniques and Ordinary Least Square models were used with data processing using eviews 9 software. The results of this study indicate that simultaneously STAB, DIV, and the control variables SIZE, BUMN, BUMD have a significant effect on RISK. Meanwhile, partially, STAB and SIZE have a negative effect on RISK in bank stocks. In addition, STAB has a positive effect on DIV, but DIV has no effect on RISK, so it can be concluded that dividend policy is proven not to mediate the effect of financial stability on investment risk in bank stocks.

Pengaruh Rasio Keuangan dan Pertumbuhan Perusahaan terhadap Dividend Payout Ratio (DPR) dan Implikasinya pada Harga Saham Perusahaan Perbankan yang Listing di Bursa Efek Indonesia (BEI)

<em>The rapid technological developments have an impact on the opening of global trade opportunities so that banks that carry out intermediary functions in the financial sector will be increasingly needed. The purpose of this study was to analyze the effect of financial ratio and company growth on the stock price of banks with the status of State-Owned Enterprises (SOE) listed on the Indonesia Stock Exchange (IDX) with Dividend Payout Ratio (DPR) as an intervening variable. This study is quantitative research with an associative approach. The research population includes 44 banking companies listed on the Indonesia Stock Exchange (IDX). The sample in this study amounted to four banks. The sampling technique used is purposive sampling. This study uses secondary data with data analysis methods used multiple linear regression analysis, partial test (t-test), and path analysis with the help of the SPSS version 23 application. This study indicates that DER significantly affects DPR, while ROE and company growth do not affect DPR. Furthermore, the DPR has a significant effect on stock prices, while DER and ROE have a significant effect on stock prices through the Dividend Payout Ratio (DPR), and company growth does not affect stock prices mediated by the Dividend Payout Ratio (DPR).</em>

STATE-OWNED ENTERPRISES AND PRIVATIZATION «BY NEW»

Purpose: the article is devoted to the analysis of the privalisation processes into Ukraine and the legal status of state-owned enterprises. Methods of research: the legal basis that regulates relations connected with the state-owned enterprises, as well the legal status of foreign state-owned enterprises, is analyzed. Results: the need to save state enterprises of the nagging branches of the economy from thoughtless privatization. Discussion: regulatory and regulatory issues that arise when implementing the new privatisational proceduress.

(A Study on State-Owned Enterprises Reform in China)

(A Study on State-Owned Enterprises Reform in China)

On the Governance of State-Owned Economic Groups in Vietnam

In this paper, we diagnose the current status of state-owned enterprises (SOEs) in Vietnam, identify their key governance challenges, and recommend policy directions in light of Korea’s and other countries’ experiences. Among various types of SOEs in Vietnam, we limit our focus to economic groups introduced since 2006. We recommend (i) to re-clarify the objective of economics groups, (ii) to reconcile the conflicting objectives, (iii) to expand and strengthen the role of SCIC, (iv) to strengthen the internal governance mechanism, (v) to develop a well-functioning capital market, (vi) to limit the diversification into non-core business areas, (vii) to enhance the transparency of ownership structure, and (viii) to strengthen the protection of minority shareholders.