Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/222750 
Authors: 
Year of Publication: 
2019
Series/Report no.: 
ADBI Working Paper Series No. 983
Publisher: 
Asian Development Bank Institute (ADBI), Tokyo
Abstract: 
This study analyzes the impact of government support on the financial performance of Indonesia's state-owned enterprises (SOEs). I employ the ordinary least square (OLS) method with firm and year fixed effects in addition to clustered standard errors. The findings show that government support for SOEs does not have a significant effect on their financial performance. This study finds that the government should examine its investment policy to support SOEs and consider designing a proper government support policy to generate higher SOE financial performance.
Subjects: 
state-owned enterprises
government support
government investment
financial performance
JEL: 
G32
G38
H54
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Working Paper

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