Deputy Agriculture Minister Completes Doctoral Research on BUMN Holding Structure

Groundbreaking Research on State-Owned Enterprises

Deputy Agriculture Minister Sudaryono has successfully earned his doctoral degree from IPB University after six years of rigorous research. His dissertation, titled 'Evaluation and Optimization Strategy for State-Owned Enterprises (BUMN) Performance Post-Holdingization Policy in Indonesia', was defended in an open session at the School of Business, IPB University. The research highlights a significant finding: while BUMN revenue has generally increased from 2010 to 2023, their profit performance measured by return on assets (ROA) has shown a declining trend, particularly after the COVID-19 pandemic in 2020.

Key Findings and Implications

The study revealed a concerning discrepancy between revenue growth and profitability. Sudaryono noted that despite rising revenues, the ROA of BUMN has been decreasing. This anomaly suggests that while state-owned enterprises are generating more revenue, their overall financial efficiency and profitability have not improved correspondingly. The research carries significant implications for BUMN management and policymakers, suggesting the need for better optimization strategies to enhance BUMN performance.

High-Level Attendance and Significance

The open session was attended by several high-ranking officials, including Minister of Agriculture Andi Amran Sulaiman, Minister of National Development Planning Rachmat Pambudy, Coordinating Minister for Food Affairs Zulkifli Hasan, and Chairman of the MPR RI Ahmad Muzani. The presence of these officials underscores the importance of the research and its potential impact on national economic policies related to state-owned enterprises.

Contribution to National Economic Policy

The research not only contributes to academic discourse on BUMN performance but also provides valuable insights for policymakers. Sudaryono's work could influence future policies aimed at improving the efficiency and profitability of state-owned enterprises in Indonesia. As BUMN play a crucial role in the national economy, enhancing their performance is vital for overall economic growth and development.