Study of proposed activities in development of BUMD for regional development
Abstract
There are still very few regulations governing the development of BUMD, even though the role of BUMD in regional development is very central. The role of BUMD is very strategic in the regional economy and development. One of these studies focuses on describing the function of BUMD in regional development. While the analytical methods used are APKL, USG, and Mc. Namara methods. In this study, the strategic issue in fostering the selected BUMDs is the lack of comprehensive governance of Regional Equity Participation (PMD) in BUMDs. Of the selected strategic issues, the solution is the preparation of Regional Regulations related to PMD governance. On this basis, five activities are proposed to support the realization of governance of regional capital participation, including the preparation of an academic draft study of regional regulations on the governance of regional equity participation in BUMD. From the results of the analysis, it is suggested that considering that BUMD belongs to the regional government and contains a high dose of politics, the PMD process requires a political approach in addition to a systematic technocratic approach.
Authors who publish in this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- The journal allows the authors to hold the copyright without restrictions and to retain publishing rights without restrictions.
- Authors can enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.