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Conditions, Challenges and Prospects of State-owned Enterprises in Indonesia: The Governance Perspective Based on Economic Constitution

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Abstract

The purpose of this study was intended to reveal: (1) the phenomenon of strategic natural and economic resource governance in relation to Indonesia’s economic constitution; and (2) prospects for State-owned Enterprises (SOEs) with Indonesia Raya Incorporated (IRI) concept in relation to state corporate governance of natural and strategic economic resources. The study applied qualitative methods, and was designed to use a grounded theory strategy and interpreted with a constructivism approach. The findings of the first study, identified the meaning of an economic constitution that leads to the interrelationship between government policies and political interests, the degree of good public governance and the degree of good corporate governance, as well as the economic strata of the people and the national economy. Second, identifying the prospects of SOEs with IRI towards increasing the economic strata fairly and equally in all regions of the region.

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Acknowledgements

The authors gave their appreciation and honor to the FGD participants, although they did not mention personally and their institutions. On this occasion, I would like to give my gratitude to the FGD Organizing Team in Batam and the National Seminar at Atma Jaya University in Yogyakarta, as well as for all participants in the FGD and Seminar.

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This research work is not bound by funding from a particular institution, including being free from elements of competition in any form. The authors declare that have no conflict of interest regarding the content and context of this article.

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Trihatmoko, R.A., Susilo, Y.S. Conditions, Challenges and Prospects of State-owned Enterprises in Indonesia: The Governance Perspective Based on Economic Constitution. Applied Research Quality Life 18, 2459–2484 (2023). https://doi.org/10.1007/s11482-023-10194-9

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  • DOI: https://doi.org/10.1007/s11482-023-10194-9

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