ANALISA KINERJA KEUANGAN BUMN SEBELUM DAN SESUDAH PRIVATISASI DI INDONESIA PERIODE 2004-2009

  • I Gusti Agung Adi Sparsa Fakultas Ekonomi Universitas Udayana, Bali, Indonesia
  • Anak Agung G P Widanaputra Fakultas Ekonomi Universitas Udayana, Bali, Indonesia

Abstract

BUMN (Indonesian State-Owned Enterprises) are known to be inefficient and highly dependent on the government bureaucracy; therefore, the government adopted privatization policy. This study was conducted to determine the financial performance of BUMN before and after privatization using BUMN privatized in 2004-2009. The data were analyzed by paired T-test. The liquidity through the current ratio and cash ratio increased insignificantly after privatization. Based on return on investment, the profitability increased while based on return on equity, it decreased insignificantly. In terms of the activity ratio, collection periods decreased significantly while total asset turnover increased insignificantly and the leverage decreased insignificantly.

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Published
2015-01-14
How to Cite
SPARSA, I Gusti Agung Adi; WIDANAPUTRA, Anak Agung G P. ANALISA KINERJA KEUANGAN BUMN SEBELUM DAN SESUDAH PRIVATISASI DI INDONESIA PERIODE 2004-2009. E-Jurnal Akuntansi, [S.l.], v. 10, n. 1, p. 293-310, jan. 2015. ISSN 2302-8556. Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/9891>. Date accessed: 04 nov. 2024.
Section
Articles

Keywords

BUMN, Privatisasi, Kinerja Keuangan