Information Asymmetry in Preemptive Rights Seen from the Legal Perspective of the Indonesian Capital Market
Asymmetric information in corporate action in the capital market can occur, not least in the preemptive rights (HMETD). The purpose of this article is to find out whether the disclosure of information in regulations in Indonesia is under the disclosure principle and does not contain asymmetric information. This article uses the juridical-normative method by reviewing POJK No. 14/POJK.04/2019 and other regulations related to corporate action. This article found that the disclosure of information from various regulations related to capital addition and others is still in the disclosure of company profile pictures and proforma after the implementation of HMETD, not counting the costs of the action.
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