Author: Lovina Aisha Malika Putri, Mohamad Ikhsan, Eka Pujiastuti Executive Summary The objectives behind the disbursement of State Capital Injections (Penyertaan Modal Negara/PMN) in Indonesia have historically varied and have been administered on a case-by-case basis. This paper provides both a descriptive overview and an empirical analysis of the determinants influencing PMN allocations to state-owned […]