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IJSTR >> Volume 5 - Issue 10, November 2016 Edition



International Journal of Scientific & Technology Research  
International Journal of Scientific & Technology Research

Website: http://www.ijstr.org

ISSN 2277-8616



The Essence Of Government Shares Subscription: A Review The Implementation Of State-Owned Enterprises

[Full Text]

 

AUTHOR(S)

Urbanisasi, Aminuddin Ilmar, Syamsul Bachri, Abdul Razak

 

KEYWORDS

Legal Standing, State Finance, State-Owned Enterprises

 

ABSTRACT

The purpose of this study was to determine and explain the mechanisms and the implementation of government share subscription in the implementation of SOEs; legal standing of the government shares subscription in the implementation of the state budget that separated in the implementation of SOEs and its legal implications of state loss or not; and also, legal accountability for losses arising out of shares subscription of SOE. In this study, the authors use normative legal research. The data obtained in this study will be analyzed using qualitative normative method with inductive logic. Results from the study indicate that state shares subscription in the establishment of SOE or limited company with funds derived from State Budget are separated. Thus, the government no longer has any authority in the field of civil law as a business entity. A clear separation of the status of country as business and as government organizer carries consequences. With the separation, then there is clarity about the concept of the state financial losses. SOE as one form of business entity that aim to make a profit is a separate legal entity and has responsibilities that are separately anyway, though formed and capital originating from the state finances and the loss of one transaction or in legal entity cannot be categorized as a state finance loss because the state has functioned as a private legal entity.

 

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