Valuation of the Loss of State Owned Enterprise as the State Losses Based on the Object of Economic Criminal Accountability Perspective
- DOI
- 10.2991/assehr.k.211014.056How to use a DOI?
- Keywords
- State Owned Enterprise, State Loss, Corruption
- Abstract
This study aim to the argument for the absorption of SOE losses as the state losses based on the perspective of economic criminal accountability and the form of absorption of SOE losses as the state losses. A state-owned enterprise (SOE) refers to a business enterprise that is owned and controlled by the government, whether wholly or partially. It is a public company where the government is also the owner of the capital from separated state assets. In the practice, SOE business activities tend to be a tool of corruption due to the political intervention toward the SOE. This means that SOEs can lose money due to assignments and government intervention. Ironically, SOE losses that have not been included as the state losses have become a loophole for corruption. This doctrinal study applied primary and secondary legal materials with deductive analysis. The results of the study show that the argument for the valuation of SOE losses as the state losses is due to: a. there is a policy of SOE that is detrimental to the state; b. SOE assets including the state assets, c. The state intervention on SOE business activities.
- Copyright
- © 2021, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Titik Prasetyowati Verdi AU - Jamal Wiwoho AU - I Gusti Ayu Ketut Rachmi Handayani PY - 2021 DA - 2021/10/16 TI - Valuation of the Loss of State Owned Enterprise as the State Losses Based on the Object of Economic Criminal Accountability Perspective BT - Proceedings of the International Conference on Environmental and Energy Policy (ICEEP 2021) PB - Atlantis Press SP - 259 EP - 263 SN - 2352-5398 UR - https://doi.org/10.2991/assehr.k.211014.056 DO - 10.2991/assehr.k.211014.056 ID - Verdi2021 ER -