_____________________________________________________________________________________________________ *Corresponding author: E-mail: assagaf29@yahoo.com, feb@trisakti.ac.id, yunindiah86@yahoo.com; Asian Journal of Economics, Business and Accounting 21(21): 37-50, 2021; Article no.AJEBA.74200 ISSN: 2456-639X Analysis of Factors that Influence SOE'S Superior Performance with Cost Leadership as a Mediation Variable Syarifa Yunindiah Lestari a* , Etty Murwaningsari a , Sekar Mayangsari a and Vinola Herawaty a a Faculty of Economics and Business, Trisakti University, Indonesia. Authors’ contributions This work was carried out in collaboration among all authors. All authors read and approved the final manuscript. Article Information DOI: 10.9734/AJEBA/2021/v21i2130518 Open Peer Review History: This journal follows the Advanced Open Peer Review policy. Identity of the Reviewers, Editor(s) and additional Reviewers, peer review comments, different versions of the manuscript, comments of the editors, etc are available here: https://www.sdiarticle5.com/review-history/74200 Received 12 October 2021 Accepted 20 December 2021 Published 22 December 2021 ABSTRACT This study aims to analyze the factors that affect the performance of State-Owned Enterprises or BUMN. The method of determining the sample using purposive sampling, and analyze the factors that affect the performance of State-Owned Enterprises. Research is finding that the variables that affect significantly the performance of state-owned enterprises are cost leadership, leverage, capital expenditure, growth, real earnings management activities, indicators of performance management, cash flow from operating, liquidity, taxes, size, contribution margin, and revenue. The originality of the research is, is the measurement of the variable cost leadership that is based on elasticity theory, and novelty in the measurement variable indicator of the performance of the management which is based on the criteria of the activity in judging the performance of SOEs. The implication of this research is to make it easier for SOE management to achieve performance targets by taking into account the magnitude of the coefficient of influence of key variables on the performance of SOEs. Keywords: Financial management; financial accounting; cost leadership. Original Research Article