Balancing Fiscal Accountability and Commercial Confidentiality: A Comparative Study of Danantara and Temasek
DOI:
https://doi.org/10.58812/jakws.v5i03.3960Kata Kunci:
Danantara, Temasek, Akuntabilitas Fiskal, Kerahasiaan Komersial, Disclosure ThresholdAbstrak
Penelitian ini menganalisis batas antara akuntabilitas fiskal dan kerahasiaan komersial pada entitas investasi negara dengan membandingkan Badan Pengelola Investasi Daya Anagata Nusantara (Danantara) dan Temasek Holdings. Penelitian bertujuan menganalisis kedudukan hukum, mekanisme aliran pendapatan, tata kelola, dan praktik keterbukaan kedua entitas, serta merumuskan kerangka penjenjangan informasi untuk Danantara. Penelitian menggunakan pendekatan kualitatif dengan penelitian hukum normatif dan studi komparatif hukum dan kebijakan berbasis data sekunder berupa peraturan perundang-undangan, dokumen resmi, laporan tahunan, kerangka Santiago Principles, literatur ilmiah, dan sumber media terpercaya. Analisis dilakukan secara deskriptif-komparatif melalui content analysis atas dua belas dimensi perbandingan. Hasil menunjukkan adanya perbedaan mendasar dalam kedudukan hukum, hubungan dengan negara, orientasi investasi, mekanisme aliran hasil, audit, dan pengungkapan informasi. Penelitian kemudian mengembangkan Fiscal-Commercial Disclosure Threshold Framework yang membagi perlakuan informasi menjadi Full Disclosure, Aggregate Disclosure, Delayed Disclosure, dan Legitimate Confidentiality berdasarkan lima kriteria. Kerangka ini dilengkapi Revenue-Proximity Principle dan mekanisme implementasi untuk menjaga traceability manfaat fiskal tanpa menghilangkan kerahasiaan komersial yang sah.
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Hak Cipta (c) 2026 Alexandro Gabrielle Sormin, Bintang Fijratullah Putra, Muhammad Daffa Janitra Waluyo, Najwa Apriyeni Shafa Kamila, Fakhri Anas Faizi, Yeyen Asyolih
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