Purpose

State-owned enterprises’ (SOEs) goals are perceived as two-sided blades, providing goods or services to the public on one side and escalating the government’s wealth on the other side. Treating the SOEs, government encounters the problem of injection strategy or privatize them. At the same time, managers have the option to formulate the SOEs strategy to boost performance. By using Miles and Snow’s typology strategy and the above factors, this paper investigates those impacts on Indonesia’s SOEs’ performance. This study aims to propose strategic typology as the main predictor with other variables such as the size, ownership structure, market competitiveness and capital subsidy on SOEs.

Design/methodology/approach

The study uses archived SOEs’ financial data from 2014 to 2018 to predict the financial performance using ordinal logistic regression analysis. The additional factors, such as firm size, ownership structure, market concentration and capital subsidy, are incorporated.

Findings

The result demonstrates that SOEs strategic typology, market concentration, size, ownership structure and capital subsidy significantly affect Indonesia’s SOEs’ performance.

Originality/value

To the best of the authors’ knowledge, this paper is the first elaborating government policies for SOEs, such as capital subsidy and state ownership, on the perspective of Miles and Snow’s strategy-performance relationship. Correspondingly, the paper contributes to examine the Indonesian characteristic SOE type with the performance. No single study has previously explored this relationship in the context of SOE in Indonesia.

中文翻译：

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印尼国有企业的表现：战略类型学视角

目的

国有企业 (SOE) 的目标被视为双面刀片，一方面向公众提供商品或服务，另一方面增加政府的财富。对待国有企业，政府会遇到注入战略或私有化的问题。同时，管理者可以选择制定国有企业战略以提高绩效。通过使用 Miles and Snow 的类型学策略和上述因素，本文研究了这些对印度尼西亚国有企业绩效的影响。本研究旨在提出战略类型学作为主要预测指标，以及其他变量，例如国有企业的规模、所有权结构、市场竞争力和资本补贴。

设计/方法/方法

该研究使用存档的国有企业 2014 年至 2018 年的财务数据，使用序数逻辑回归分析来预测财务绩效。包括公司规模、所有权结构、市场集中度和资本补贴等附加因素。

发现

结果表明，国有企业的战略类型、市场集中度、规模、所有权结构和资本补贴显着影响印尼国有企业的业绩。

原创性/价值

据作者所知，本文是第一次从迈尔斯和斯诺的战略与绩效关系的角度阐述政府对国有企业的政策，如资本补贴和国家所有制。相应地，本文有助于考察印尼特色国有企业类型与绩效。之前没有一项研究在印度尼西亚国有企业的背景下探讨过这种关系。