State-Owned Enterprises as Agents of Development: Between Business Interests and Social Responsibility

Authors

  • Yudi Budi Yuniarso Universitas Borobudur, Indonesia
  • Bambang Bernanthos Universitas Borobudur, Indonesia

DOI:

https://doi.org/10.38035/gijea.v3i4.641

Keywords:

SOEs, social responsibility, corporate governance, economic development, business interests

Abstract

This research examines the dual role of State-Owned Enterprises (SOEs) as business entities and agents of national development. The study analyzes how SOEs balance profit orientation with social responsibility in carrying out their function as state instruments in economic development. Through a literature review approach and document analysis of several SOEs in Indonesia, the research reveals the dynamic relationship between commercial objectives and social missions. The results indicate that SOEs face dilemmas in balancing business efficiency with public service obligations, while corporate governance emerges as a key factor in optimizing both roles. The research concludes that clear regulatory frameworks and effective monitoring mechanisms are necessary to ensure SOEs can optimally fulfill their dual functions.

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Published

2025-12-03

How to Cite

Yuniarso, Y. B., & Bernanthos, B. (2025). State-Owned Enterprises as Agents of Development: Between Business Interests and Social Responsibility. Greenation International Journal of Economics and Accounting, 3(4), 536–541. https://doi.org/10.38035/gijea.v3i4.641

Issue

Vol. 3 No. 4 (2025): Greenation International Journal of Economics and Accounting (December 2025 - February 2026)

Section

Articles

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Copyright (c) 2025 Yudi Budi Yuniarso, Bambang Bernanthos

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