Disclosure under Indonesian Securities Law as protection for public shareholders in the takeover of an Indonesian publicity listed company. Respones to the existing rules and trends on disclosures in developed securities laws
PhD student: Mr Y. Makes
Promotors: Prof B.T.M. Steins Bisschop, Mrs Prof M. Olaerts
Duration: 1/1/2010 - 31/12/2014
The Indonesian capital market has been showing potential growth since its resurgence from the global financial crisis of 2008, and the earlier Asian financial crisis of 1997.The dynamic activities of the market are, among others, largely driven by the growing practice of takeover of public companies in the country.
This research attempts to analyze the legal requirements of disclosure in relation to the takeover of a public company, as an instrument aimed at protecting public shareholders. This disclosure principle shall also be analyzed vis-à-vis the fairness and efficiency considerations in the capital market.