Analisis Kebijakan Penyertaan Modal Pemerintah Daerah Terhadap Kinerja Perusahaan Umum Daerah Air Minum Pancuran Telago Kabupaten Bungo

This study aims to determine how much the equity participation of Local Government in Telago Pancuran Water Supply Company and impact local goverment capital on performance Company. The object research is Company, with a period five years, namely 2015 2019. data collection technique uses observation, interview documentation methods. analysis this quantitative methods using financial formulas, Return Equity, operating ratios, cash ratios billing effectiveness. results indicate that amount continues increase until 2016, for 2017 2019 it has decreased. Meanwhile, company can be seen Equity ratio, ratio