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The Effect of Allocation of Dividend of the Regional Government-Owned Enterprises and the Empowerment Efforts on the Revenue of Regional Government: The Case of Indonesia

Author

Listed:
  • Risna Triandhari
  • Sugiharso Safuan
  • M. Syamsudin
  • Halim Alamsyah

Abstract

The purpose of this study is to find out the factors influencing the increase in the dividend of the Regional Government-Owned Enterprises (BUMD) in North Sumatera Province. In addition, it is also to determine the steps and efforts in empowering and improving the capacity of BUMD in increasing the allocation of dividend to the Regional Government of North Sumatera. It is an explanatory survey study, a study which justifies the relationship between the independent and dependent variables and explains the relationship. This study used survey for its research design. The data used in this study are primary and secondary data. The population of this study is the Regional Government-Owned Enterprises of North Sumatera Province. The samples were taken by using purposive sampling method with the stakeholders of the Regional Government-Owned Enterprises of North Sumatera Province being PT. Bank Sumut, PT. Kawasan Industri Medan, PT Perkebunan Sumut, PT. Askrida and PT. Dirga Surya as the respondents, 66 in total. The method used in this study is the Descriptive Quantitative method with Structural Equation Modelling (SEM) by using AMOS as the analytical tool. For the analysis of perception, this study used SPSS for the statistics. This study concluded that (1) The factors of Equity Capital (Penyertaan Modal) and Other Legitimate Local/Regional Government Revenue of Provinces and Districts/Cities can increase the sources of Local/Regional Government Revenue. (2) Strategic moves taken which can increase the dividend of Regional Government-Owned Enterprises including Enterprise Cultivating Strategy, Enterprise Growing Strategy and Enterprise Restructuring Strategy.

Suggested Citation

  • Risna Triandhari & Sugiharso Safuan & M. Syamsudin & Halim Alamsyah, 2017. "The Effect of Allocation of Dividend of the Regional Government-Owned Enterprises and the Empowerment Efforts on the Revenue of Regional Government: The Case of Indonesia," European Research Studies Journal, European Research Studies Journal, vol. 0(4B), pages 244-258.
    • Handle: RePEc:ers:journl:v:xx:y:2017:i:3b:p:244-258
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    More about this item

    Keywords

    Equity Capital (Penyertaan modal); Corporate Social Responsibility Program and dividend JEL Classification: G12; G15; G32; G35; L33;
    All these keywords.

    JEL classification:

    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G35 - Financial Economics - - Corporate Finance and Governance - - - Payout Policy
    • L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out

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