Skripsi
THE EFFECT OF PRIVATIZATION TO THE STATE-OWNED ENTERPRISES’ EFFICIENCYIN INDONESIA (EMPIRICAL STUDY ON NON-FINANCIAL SERVICE SECTOR)
One of the goals of privatization policy in Indonesia is to improve the performance and the corporate’s value. Privatization is expected to rebuild the existing SOEs through the increasing of efficiency and effectiveness. Besides privatization can also be used to cover the budget deficit experienced by Indonesia since 2000. This study aims to determine the efficiency of state-owned enterprises after the implementation of privatization by using comparative descriptive. From 15 SOEs, 7 of them observed in this research based on some criterias in choosing the sample. The author used secondary data such as financial statement which are conducted through Indonesian Capital Market Directory and Indonesia Stock Exchange website. SOEs’ Efficiency assessed through calculation of the activity ratios which are Inventory Tumover, Total Assets Tumover, Day Sales Outstanding, Fixed Assets Tumover and Long Term Assets Tumover for two years before privatization and two years after Privatization. After testing all hypothesis by using Wilcoxon Signed Rank Test through SPSS 17, it is concluded that there is no significance differences of SOEs’ efficiency before and after privatization. The significance value is bigger than 0.05, it means that the differences of the mean value for each ratio before and after privatization is not significance.
Inventory Code | Barcode | Call Number | Location | Status |
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1307000852 | T40588 | T405882013 | Central Library (REFERENCES) | Available but not for loan - Not for Loan |
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