IDEAS home Printed from https://ideas.repec.org/a/ers/journl/vxxy2017i3bp244-258.html

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
    as

    Download full text from publisher

    File URL: http://ersj.eu/dmdocuments/2017-xx-4-b-19.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Eleftherios Thalassinos & Diana-Mihaela Pociovalisteanu, 2007. "A Time Series Model for the Romanian Stock Market," European Research Studies Journal, European Research Studies Journal, vol. 0(3-4), pages 57-72.
    2. Tatiana Kossova & Elena Kossova & Maria Sheluntcova, 2014. "Estimating the Relationship Between Rate of Time Preferences And Socio-Economic Factors In Russia," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 39-68.
    3. Eleftherios I. Thalassinos & Mike P. Hanias & Panayiotis G. Curtis & John E. Thalassinos, 2013. "Forecasting Financial Indices: The Baltic Dry Indices," International Journal of Maritime, Trade & Economic Issues (IJMTEI), International Journal of Maritime, Trade & Economic Issues (IJMTEI), vol. 0(1), pages 109-130.
    4. Eleftherios I. Thalassinos & Mike P. Hanias & Panayiotis G. Curtis & Yannis E. Thalassinos, 2009. "Chaos theory: forecasting the freight rate of an oil tanker," International Journal of Computational Economics and Econometrics, Inderscience Enterprises Ltd, vol. 1(1), pages 76-88.
    5. Elena Ivanova Danilina & Oksana Sergeevna Gaifutdinova & Nikolay Kuznetsof, 2015. "Reduction in Budgetary Expenditure on Social Services as one of the Russian Economy Stabilization Plan Direction," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 247-260.
    6. M. Hanias & P. Curtis & E. Thalassinos, 2012. "Time Series Prediction with Neural Networks for the Athens Stock Exchange Indicator," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 23-32.
    7. I.P. Denisova & S.N. Rukina & K.N. Samoylova & A.S. Takmazyan, 2017. "Financial Instruments of the Socially Responsible Economy," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 284-293.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Olga Viktorovna Kitova & Viktoriya Mikhailovna Savinova & Ludmila Pavlovna Dyakonova & Sergey Naumovich Bruskin & Anton Andreevich Beshmelnitskiy & Tamara Petrovna Danko & Vladimir Dmitrievich Sekerin, 2017. "Information-Analytical System for Forecasting Indicators of the Social and Economic Sphere of the Russian Federation," European Research Studies Journal, European Research Studies Journal, vol. 0(4A), pages 275-283.
    2. V.V. Kolmakov & L.N. Rudneva & Y.E. Thalassinos, 2020. "Public Survey Instruments for Business Administration Using Social Network Analysis and Big Data," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(2), pages 3-18.
    3. Anis Chariri & Indira Januarti, 2017. "Audit Committee Characteristics and Integrated Reporting:Empirical Study of Companies Listed on the Johannesburg Stock Exchange," European Research Studies Journal, European Research Studies Journal, vol. 0(4B), pages 305-318.
    4. Zhanarys S. Raimbekov & Bakyt U. Syzdykbayeva & Kamshat P. Mussina & Luiza P. Moldashbayeva & Bakytzhamal A. Zhumataeva, 2017. "The Study of the Logistics Development Effectiveness in the Eurasian Economic Union Countries and Measures to Improve it," European Research Studies Journal, European Research Studies Journal, vol. 0(4B), pages 260-276.
    5. Isabella Damdinovna Elyakova & Aleksandr Andreyevich Khristoforov & Aleksandr Lvovich Elyakov & Larisa Ivanovna Danilova & Tamara Aleksandrovna Karataeva & Elena Vladimirovna Danilova, 2017. "Forecast Scenarios of World Prices for Natural Gas," European Research Studies Journal, European Research Studies Journal, vol. 0(4A), pages 284-297.
    6. Alexander Lvovich Elyakov & Isabella Damdinovna Elyakova & Larisa Ivanovna Danilova & Alexander Andreevich Khristoforov & Oleg Ilich Kondratev & Valentina Vasilyevna Grigoryeva, 2017. "History and Prospects of Natural Gas Pricing in Continental Europe in Conditions of Instability of World Oil Prices," European Research Studies Journal, European Research Studies Journal, vol. 0(4A), pages 323-338.
    7. Pudji Astuty, 2017. "The Influence of Fundamental Factors and Systematic Risk to Stock Prices on Companies Listed in the Indonesian Stock Exchange," European Research Studies Journal, European Research Studies Journal, vol. 0(4A), pages 230-240.
    8. Mike P. Hanias & Lykourgos Magafas, 2013. "Predicting the Production of Total Industry in Greece with Chaos Theory and Neural Networks," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 59-67.
    9. Aty Herawati & Angger Setiadi Putra, 2018. "The Influence of Fundamental Analysis on Stock Prices: The Case of Food and Beverage Industries," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 316-326.
    10. Aty Herawati & Angger Setiadi Putra, 2018. "The Influence of Fundamental Analysis on Stock Prices: The Case of Food and Beverage Industries," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 316-326.
    11. R. Parianom, 2018. "Economic Growth and Financial Intermediation in Southest Asia," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 337-347.
    12. Sudarso Kaderi Wiryono & Kharisya Ayu Effendi, 2018. "Islamic Bank Credit Risk: Macroeconomic and Bank Specific Factors," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 53-62.
    13. Nurul Hidayah & Wahyudin Zarkasyi, 2017. "The Effect of Human Resources Management Competency and the Role of Culture on Accrual Accounting Implementation Effectiveness and the Impact on Quality of Accounting Information," European Research Studies Journal, European Research Studies Journal, vol. 0(4B), pages 183-199.
    14. R. Parianom, 2018. "Economic Growth and Financial Intermediation in Southest Asia," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 337-347.
    15. repec:ers:journl:v:vi:y:2018:i:2:p:39-55 is not listed on IDEAS
    16. A.E. Skhvediani & T.Y. Kudryavtseva, 2018. "The Socioeconomic Development of Russia: Some Historical Aspects," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 195-207.
    17. Lisa Kustina & Junedi, 2017. "ASEAN Economic Community Impact on SMSs: A Regional Case Study," European Research Studies Journal, European Research Studies Journal, vol. 0(4B), pages 432-438.
    18. R. Rupeika-Apoga & S.H. Zaidi & Y.E. Thalassinos & E.I. Thalassinos, 2018. "Bank Stability: The Case of Nordic and Non-Nordic Banks in Latvia," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(2), pages 39-55.
    19. Andrey Vladimirovich Bakhteev & Sergey Valentinovich Arzhenovskiy & Natalya Nikolayevna Khakhonova & Yelena Vyacheslavovna Kuznetsova, 2017. "Use of Regression Models when Performing Fraud Risk Assessment Procedures in the Audit Process," European Research Studies Journal, European Research Studies Journal, vol. 0(3B), pages 22-33.
    20. N.N. Sawitri & P. Astuty, 2018. "Market Anomalies and Effect on Returns," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 630-649.
    21. Pavel Pavlovich Vetrenko & Vitaly Anatolievich Mordovets & Elena Vasilievna Yaluner, 2017. "Development of Intellectual Capital in the Russian Economy to Ensure the Economic Security of a Corporation Under Competition," European Research Studies Journal, European Research Studies Journal, vol. 0(4A), pages 604-618.

    More about this item

    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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ers:journl:v:xx:y:2017:i:3b:p:244-258. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marios Agiomavritis (email available below). General contact details of provider: https://ersj.eu/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.