ANALYSIS ON STATE FINANCIAL POSITION IN STATE-OWNED CORPORATIONS WHICH HAVE BEEN PRIVATIZED
ABSTRACT: The problem related
to the privatization of State–Owned Corporations
is as an urgent issue
recently. It is as the effect of nationality assets as the target
of privatization which is frequently debated as the existence of the policy to
sell some state owned corporations
for the foreigners. In other words, the problem occurs in the privatization
of State Owned Corporations as the
impact of government policy without
considering the needs of the
people in general. The problem to
raise in this thesis is
related to rule governing
the privatization of
State Owned Corporations, legal
aspects of state
financial in privatization of
State Owned Corporations, and
the state financial
condition in State
Owned Corporations which
have been privatized.
The method
used in this
research was normative
yuridical. Normative research
method was also called as
doctrinal research, that is the
research to analyze law either
law as it is written in the
book or
law it is decided by the
judge through judicial process. Normative
law research was based on
secondary data and emphasized
on the steps of
speculative-theoretical and
normative-quantitative analysis.
The privatization program is intended to
increase the performance and
valued-added of the company as well
as to add
the participation of
the people in
the possession of
company shares. The privatization was
done by paying
attention on the
principles of transparencies, self-support, accountability, responsibility, and
reasonably. The privatization can
be done by
selling shares based
on capital market
clauses, share direct
selling for investors, and
share selling for management
and/or related employees. State
financial in State Owned
Corporations is as different wealthy from the wealthy of
state and with the rights to get profit
from the results of the
company. The wealthy of the state in one
State Owned Corporation depends
on the type of the
corporations. If the type of
State Owned Corporations are in
Public Company, then all capital
shall be owned to state. However, if it is in the form of limited company, then partly of the capital (at least
51%) shall be as the asset of
state and it
is divided on
the shares. State
Owned Corporations which
have been privatized in fact
shall transfer partly of state shares
(represented by government) on the state
financial in State
Owned Corporations which
have been privatized
to private parties
and the possession of shares will be smaller
than 50%. It means
that new investors as the
holder of shares in State Owned Corporations
which have been privatized
may get partly of shares in State Oned Corporations.
As the biggest shareholders,
new investors shall try hard and
efficiently to get optimal profit, absorb
new workers and
give more contribution for
the government through
tax payment and dividend
division.
Penulis: Wafdansyah Anggi
Husaini, Bismar Nasution, Mahmul Siregar
Kode Jurnal: jphukumdd130642
