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Privatisation at the cross road: Indonesian SOEs' case

Worang, F. and Holloway, D.A. (2007) Privatisation at the cross road: Indonesian SOEs' case. In: 3rd International Integrating for Excellence Conference, 27 - 28 June 2007, Sheffield Hallam University, United Kingdom


One way of recovering from a lengthy financial crisis, as happened in Indonesia from 1997 onwards, is to bring capital investment into the country (Herwidayatmo, 2002; Shiroyama, 2003). Utilising the International Monetary Fund’s economic reform package recommendations, direct foreign investment can be achieved through the privatisation of State-Owned Enterprises (SOEs) and the overseas purchases of listed Indonesian companies’ shares. This paper primarily analyses the corporate governance issues which hinder the privatisation process in Indonesian SOEs. The results of this investigation show that the privatisation process is not in line with good corporate governance practices. The study also utilises a sub-set of qualitative interview data from thirty respondents at the managerial level within three SOEs and related government institutions to aid the assessment of corporate governance practices and privatisation in the Indonesian context.

Item Type: Conference Paper
Murdoch Affiliation(s): Murdoch Business School
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