State-Owned Enterprise Performance: Characteristics Of Good Female Directors In Indonesia

This study empirically examines the influence of female directors’ characteristics, political connections, educational background in economics or business, and education level on the performance of Indonesian State-Owned Enterprises (BUMN). These factors are crucial as they affect strategic quality...

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Main Authors: Anny Widiasmara, M. Agus Sudrajat
Format: Article
Language:English
Published: Politeknik Negeri Madiun 2025-05-01
Series:Jurnal AKSI (Akuntansi dan Sistem Informasi)
Subjects:
Online Access:https://journal.pnm.ac.id/index.php/aksi/article/view/836
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author Anny Widiasmara
M. Agus Sudrajat
author_facet Anny Widiasmara
M. Agus Sudrajat
author_sort Anny Widiasmara
collection DOAJ
description This study empirically examines the influence of female directors’ characteristics, political connections, educational background in economics or business, and education level on the performance of Indonesian State-Owned Enterprises (BUMN). These factors are crucial as they affect strategic quality impacting BUMN performance. Regulation PER-8/MBU/08/2020 encourages increasing female representation on boards. The study measures BUMN performance comprehensively across financial, administrative, and operational dimensions, reflecting their dual role as public servants and state profit generators. Using a quantitative approach, the sample includes all BUMNs with female directors from 2018 to 2023. Data were sourced from IDX, company websites, annual and financial reports, and the Ministry of BUMN’s documentation (PPID). Data analysis employed SPSS version 25. Findings reveal political connections significantly influence BUMN performance, while female directors’ characteristics, education background, and education level show no significant effect, likely due to limited strategic decision-making roles for women. Directors with political ties can offer strategic advantages but require balanced transparency and accountability.The study’s novelty lies in its comprehensive integration of female director traits, political connections, and education with multi-dimensional BUMN performance measures. It also evaluates BUMN’s dual function amid board restructuring policies, providing updated empirical insights on the impact of increasing women on BUMN boards
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spelling doaj-art-a066cbbd140d4caa933f50d621600a102025-08-20T02:02:26ZengPoliteknik Negeri MadiunJurnal AKSI (Akuntansi dan Sistem Informasi)2528-61452541-31982025-05-0110123224210.32486/aksi.v10i1.836838State-Owned Enterprise Performance: Characteristics Of Good Female Directors In IndonesiaAnny Widiasmara0M. Agus Sudrajat1Universitas PGRI MadiunUniversitas PGRI MadiunThis study empirically examines the influence of female directors’ characteristics, political connections, educational background in economics or business, and education level on the performance of Indonesian State-Owned Enterprises (BUMN). These factors are crucial as they affect strategic quality impacting BUMN performance. Regulation PER-8/MBU/08/2020 encourages increasing female representation on boards. The study measures BUMN performance comprehensively across financial, administrative, and operational dimensions, reflecting their dual role as public servants and state profit generators. Using a quantitative approach, the sample includes all BUMNs with female directors from 2018 to 2023. Data were sourced from IDX, company websites, annual and financial reports, and the Ministry of BUMN’s documentation (PPID). Data analysis employed SPSS version 25. Findings reveal political connections significantly influence BUMN performance, while female directors’ characteristics, education background, and education level show no significant effect, likely due to limited strategic decision-making roles for women. Directors with political ties can offer strategic advantages but require balanced transparency and accountability.The study’s novelty lies in its comprehensive integration of female director traits, political connections, and education with multi-dimensional BUMN performance measures. It also evaluates BUMN’s dual function amid board restructuring policies, providing updated empirical insights on the impact of increasing women on BUMN boardshttps://journal.pnm.ac.id/index.php/aksi/article/view/836female directors, political connections, economic or business educational background, level of education ,bumn performance
spellingShingle Anny Widiasmara
M. Agus Sudrajat
State-Owned Enterprise Performance: Characteristics Of Good Female Directors In Indonesia
Jurnal AKSI (Akuntansi dan Sistem Informasi)
female directors, political connections, economic or business educational background, level of education ,bumn performance
title State-Owned Enterprise Performance: Characteristics Of Good Female Directors In Indonesia
title_full State-Owned Enterprise Performance: Characteristics Of Good Female Directors In Indonesia
title_fullStr State-Owned Enterprise Performance: Characteristics Of Good Female Directors In Indonesia
title_full_unstemmed State-Owned Enterprise Performance: Characteristics Of Good Female Directors In Indonesia
title_short State-Owned Enterprise Performance: Characteristics Of Good Female Directors In Indonesia
title_sort state owned enterprise performance characteristics of good female directors in indonesia
topic female directors, political connections, economic or business educational background, level of education ,bumn performance
url https://journal.pnm.ac.id/index.php/aksi/article/view/836
work_keys_str_mv AT annywidiasmara stateownedenterpriseperformancecharacteristicsofgoodfemaledirectorsinindonesia
AT magussudrajat stateownedenterpriseperformancecharacteristicsofgoodfemaledirectorsinindonesia