Optimizing Public Assets Utilization: Empirical Evidence from Yogyakarta Local Government in Indonesia

Abstract

Property assets such as land and buildings are the key resources for all organizations, including the public sector. This research explores the optimizing of public property assets owned, controlled and used by local governments in Yogyakarta Indonesia.This study analyzes the problem of optimizing of local government assets utilization based on the analysis of primary data on local government assets and logistic regression analysis.Problems arise regarding the optimization of assets utilization. It is found that the probability of using local government assets increases with the increase in the land area of ??local government assets. Variable legality and location of local government assets are not able to increase the probability of using regional government assets in DIY. This can increase risk due to a lack of legal certainty in the use of assets. Public asset management is a critical component of the financial integrity of government. However, in practice, problems exist in the field of public asset management at the local government.