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- Title
Privatization and Financial Performance: Evidence from Indonesia.
- Authors
KHAJAR, Ibnu; HERSUGONDO, Hersugondo; UDIN, Udin
- Abstract
The main purpose of this study is to investigate the realtionship between privatization of state-owned enterprises (SOEs) and financial performance. Net profit margin (NPM) is used to assess the efficiency level whereas return on asset (ROA) and return on equity (ROE) are used to assess the level of profitability for financial performance evaluation. Based on purposive sampling, 19 SOEs are obtained as the sample. The results showed NPM and ROA decreased significantly after the privatization. In conclusion, SOEs in Indonesia has not been realized perfectly.
- Subjects
INDONESIA; FINANCIAL performance; RATE of return; PRIVATIZATION; RETURN on assets; PROFIT margins
- Publication
Quality - Access to Success, 2019, Vol 20, Issue 173, p107
- ISSN
1582-2559
- Publication type
Article