Analyzing Indonesian SOEs Privatization: A Comparison between the SOEs’ Performance and Privatization Determination

Round 1

Reviewer 1 Report

This is a typically classic economic analysis research, with a reseach question under current background. I think its results have application for wider range of developing countries. 

I don't have qeusition, only reminding the authors to check the section title "3. literature review" and "3. Methodology". 

Author Response

Dear Reviewer,

I hope this email finds you well. Thank you for reviewing our manuscript. I have made the requested changes and uploaded a revised Author Version.
Please kindly find the attached revised file and proceed to further process.
Thank you for your kind cooperation.

With best regards,

Rafki Rasyid

Author Response File: Author Response.docx

Reviewer 2 Report

The article is well-developed, so I was very happy to read this interesting manuscript. The study's context is given in the Introduction, and pertinent sources are discussed in the literature review.

The only areas I would recommend for  improvement are:

1. An academic article should clearly reflect on the research questions it asks and their context.

2. The data analysis methods are acceptable, however, the Authors should offer more details about the methods.

3. The Conclusions of this empirical article could be improved by adding additional information and propositions for future research.

4. There are brief mentions of the theoretical contributions.

5. The managerial implications are not explained.

6. Limited ideas for future research are offered based on the findings of the paper.

All the best to the Authors in their future academic endeavours!

Author Response

Dear Reviewer,

I hope this email finds you well. Thank you for reviewing our manuscript. I have made the requested changes and uploaded a revised Author Version.
Please kindly find the attached revised file and proceed to further process.
Thank you for your kind cooperation.

With best regards,

Rafki Rasyid

Author Response File: Author Response.docx

Reviewer 3 Report

The performance analysis of the privatisation of SOE is restricted to financial ratios, the performance analysis of efficiency must be extended to further dimensions, see Clifton, J., & Díaz Fuentes, D. (2022). How do State Owned Enterprise Multinationals behave abroad? A Multi-dimensional framework for analysis. Journal of Economic Policy Reform, 1-15.    It is also relevant to examine the FESPET performance outcomes in different stages in the process of corporatisation of SOE : Clifton, J., & Díaz-Fuentes, D. (2018). The state and public corporations. In Handbook of the international political economy of the corporation. Edward Elgar Publishing.

Author Response

Dear Reviewer,

I hope this email finds you well. Thank you for reviewing our manuscript. I have made the requested changes and uploaded a revised Author Version.
Please kindly find the attached revised file and proceed to further process.
Thank you for your kind cooperation.

With best regards,

Rafki Rasyid

Author Response File: Author Response.docx

Round 2

Reviewer 3 Report

The manuscript has been improved in most of the previous weak areas and can be published after minor English edition