Problematika Pendanaan Aset Danantara terhadap Rencana Investasi Negara

Sebastian Alboen Sihombing; Reva Setianingsih; God Godsent; Urai Vidia

doi:10.62383/hukum.v2i4.464

Authors

Sebastian Alboen Sihombing Universitas Maritim Raja Ali Haji
Reva Setianingsih Universitas Maritim Raja Ali Haji
God Godsent Universitas Maritim Raja Ali Haji
Urai Vidia Universitas Maritim Raja Ali Haji

DOI:

https://doi.org/10.62383/hukum.v2i4.464

Keywords:

Danantara, Funding effectiveness, Investment Management Institution, State investment, State-owned bank customers

Abstract

This study aims to analyze the effectiveness of funding sourced from Danantara—a digital platform that manages state investment with funding support from state-owned bank customers—in supporting the acceleration of national development. In the context of state investment, collaboration between the Investment Management Institution (LPI) and state-owned financial institutions is important as a form of fiscal innovation and expansion of non-APBN financing sources. The method used is a qualitative descriptive approach with literature studies from various scientific journals and related laws and regulations. The results of the study show that Danantara has the potential to be a reliable, flexible, and sustainable long-term funding instrument. Through funds collected from state-owned bank customers, state investment can be focused on strategic sectors such as infrastructure, energy, and digitalization. However, its effectiveness is still faced with regulatory challenges, transparency of governance, and public literacy regarding state investment mechanisms. For this reason, it is necessary to strengthen regulations and synergy between financial institutions, as well as increase public trust so that Danantara can function optimally as the main supporter in realizing fiscal independence and national economic growth.

Downloads

Download data is not yet available.

References

Anisah, S., Hartanto, R., & Alfaqiih, A. (2021). The sui generis nature of Indonesia Investment Authority. Atlantis Press.

Asrori, N. F. (2012). Analisis faktor-faktor yang mempengaruhi penyaluran kredit investasi (studi empiris pada bank BUMN). Jurnal Ilmiah Mahasiswa FEB, 1(2), 75–90.

Irawan, A. (2024). Analisis hukum terhadap Lembaga Pengelola Investasi dan perbandingannya dengan sovereign wealth funds secara umum di beberapa negara (Tesis). Universitas Gadjah Mada.

Islamadinna, A., Sujarwo, & Mirati, E. (2021). Pengaruh modal intelektual terhadap profitabilitas bank BUMN periode 2015–2019. Account: Jurnal Akuntansi, Keuangan dan Perbankan, 8(1), 50–65.

Mahdaniah, M. (2025). Peran Lembaga Pengelola Investasi dalam menunjang investasi nasional. Politika Progresif: Jurnal Hukum, Politik dan Humaniora, 2(1), 103–109.

Mubarokah, F., & Indah, N. P. (2021). Pengaruh keputusan investasi, pendanaan, dan dividen terhadap nilai perusahaan periode 2014–2018. Coopetition: Jurnal Ilmiah Manajemen, 12(2), 163–180.

Nasution, S., Siregar, H., & Novianti, T. (2020). Efficiency analysis of bank BUMN BUKU empat and its determinant in Indonesia. Jurnal Aplikasi Manajemen, 18(1), 123–134.

Paminto, A. (2023). Determinan profitabilitas bank milik pemerintah (BUMN) dan bank pembangunan daerah di Indonesia. INOVASI: Jurnal Ekonomi, Keuangan, dan Manajemen, 20(1), 45–60.

Priharta, A., Darto, & Gani, N. A. (2023). Anteseden profitabilitas bank BUMN di Indonesia. Jurnal Ekonomi Manajemen Perbankan, 4(1), 25–40.

Putra, M. A., Lie, G., & Syailendra, M. R. (2023). Legalisasi kebijakan sovereign wealth fund melalui Lembaga Pengelola Investasi ditinjau dari hukum positif Indonesia. NUSANTARA: Jurnal Ilmu Pengetahuan Sosial, 10(2), 45–60.

Rahmiyati, N., Wardani, E. S., & Hwihanus, H. (2022). Pengaruh ekonomi makro, keputusan investasi, keputusan pendanaan terhadap nilai perusahaan dengan profitabilitas sebagai variabel intervening pada Badan Usaha Milik Negara yang terdaftar di Bursa Efek Indonesia. REVITALISASI: Jurnal Ilmu Manajemen, 11(2), 162–172.

Sa’adah, L., Hajjah, R., & Tiansyah, A. (2025). Analisis kinerja keuangan bank BUMN di Bursa Efek Indonesia periode 2019–2023. Jurnal Nuansa: Publikasi Ilmu Manajemen dan Ekonomi Syariah, 3(1), 68–77.

Salim, H. S., & Budi, S. (2007). Hukum investasi Indonesia. Jakarta: Kharisma Putra Utama Opset.

Yuliyanti, E., Kartika, A., Mustahidda, R., & Fadhila, Z. R. (2024). Strategi peningkatan nilai perusahaan: Analisis keputusan investasi dan pendanaan dengan intervensi kebijakan dividen. EconBank: Journal of Economics and Banking, 6(2), 90–105.

Zhafran, M. (2023). Kedudukan hukum Lembaga Pengelola Investasi menurut hukum positif di Indonesia (Disertasi). Universitas Mataram.