Indonesian Regulations Related to State Losses in Persero State-Owned Enterprises Partly Owned by the State

Indonesian Regulations Related to State Losses in Persero State-Owned Enterprises Partly Owned by the State. Persero SOE as a form of SOE has capital in the form of share ownership which is wholly or at least 51% (fifty-one percent) of its shares owned by the Republic of Indonesia. The main objective is to pursue profit. Thus, it is possible that in an SOE Persero, the shares are not only owned by the state but also partially owned by other parties. Therefore, the capital of the SOE is partly or wholly derived from state finances. The type of research used was qualitative research, especially doctrinal legal research. It used a statute approach, collecting data and legal materials through library research and analyzing using qualitative analysis. The research results obtained were state assets that have been transformed into SOE capital whose management was subject to the business paradigm (business judgment rules). However, the separation of state assets does not turn them into SOEs assets which are independent of state assets. Therefore, the operationalization of SOEs is based on both private law and public law.