Information Asymmetry in Preemptive Rights Seen from the Legal Perspective of the Indonesian Capital Market

  • Debrina Rahmawati Doctoral Candidate at the Faculty of Law, University of Brawijaya, Malang, Indonesia
  • Suhariningsih Suhariningsih Professor at Faculty of Law, University of Brawijaya, Malang, Indonesia
  • Sukarmi Sukarmi Professor at Faculty of Law, University of Brawijaya, Malang, Indonesia
  • Sihabudin Sihabudin Lecturer at Faculty of Law, University of Brawijaya, Malang, Indonesia
DOI: https://doi.org/10.47814/ijssrr.v6i3.902
Keywords: Asymmetric Information; Ideology; HMETD; Corporate Governance

Abstract

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.

Published
2023-03-07
How to Cite
Rahmawati, D., Suhariningsih, S., Sukarmi, S., & Sihabudin, S. (2023). Information Asymmetry in Preemptive Rights Seen from the Legal Perspective of the Indonesian Capital Market. International Journal of Social Science Research and Review, 6(3), 188-199. https://doi.org/10.47814/ijssrr.v6i3.902
Issue
Vol 6 No 3 (2023): IJSSRR VOL 6 NO 3 2023 MARCH
Section
Main Articles

Copyright (c) 2023 Debrina Rahmawati, Suhariningsih Suhariningsih, Sukarmi Sukarmi, Sihabudin Sihabudin

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