Determining Factors of Liquidation of Regional Public Companies: Case Study of Perumda Banongan, Situbondo Regency

The research entitled Determining Determinants of Regional Public Companies Liquidation: Case Study of Perumda Banongan, Situbondo Regency using qualitative methods. Miles and Huberman's interactive analysis model. This research was conducted with the aim of analyzing the determining factors for the liquidation of regional public companies at Perumda Banongan, Situbondo Regency. The data source for this research uses primary and secondary data from the Banongan Regional Public Company, Situbondo Regency. The results of the research show that the determining factor for liquidation lies in unhealthy financial conditions and problems with the Governance of Perumda Banongan. So it can be concluded that the Regional Government as the Capital Holding Authority must immediately improve management governance, human resources, and implementation supervision over the performance of Perumda and Perseroda so that they can run more effectively.