ASPEK YURIDIS PASAR MODAL SEBAGAI SARANA PEMBIAYAAN DAN PENGEMBANGAN PERUSAHAAN

2020 ◽  
Vol 10 (1) ◽  
pp. 13
Author(s):  
Suradiyanto Suradiyanto
Keyword(s):  
Private Sector ◽  
Initial Public Offerings ◽  
Capital Market ◽  
Infrastructure Development ◽  
Investment Fund ◽  
Goods And Services ◽  
Good Investment ◽  
The Government ◽  
Public Offering ◽  
The Capital Market

Parties that require investment fund is not limited to the government alone, but also other productive sectors of the private sector. If the government usually acts as an initiative taker physical infrastructure development, the private sector (individuals and companies) to act as a driver of economic activity such as attempts commercial production of goods and services calculated based on pure business will be profitable. All this requires a good investment fund short-term nature, such as working capital for the cost of operational needs, as well as long-term funds such as for procurement of fixed assets required. In order to meet the needs of the company will fund as a means of financing and development can be done through various options of financing the company and one of the company's financing alternatives can be done by finding others to participate invest in the company. This can be done by selling the majority ownership of the company to the general public by way of public offering (go public) through the capital market. Initial public offerings made by the company through the capital market can make the company receives cash from the public which can then be used by the company for financing and development of the company

scholarly journals ASPEK YURIDIS PASAR MODAL SEBAGAI SARANA PEMBIAYAAN DAN PENGEMBANGAN PERUSAHAAN

2018 ◽  
Vol 10 (1) ◽  
pp. 13
Author(s):  
Suradiyanto Suradiyanto
Keyword(s):  
Private Sector ◽  
Initial Public Offerings ◽  
Capital Market ◽  
Infrastructure Development ◽  
Investment Fund ◽  
Goods And Services ◽  
Good Investment ◽  
The Government ◽  
Public Offering ◽  
The Capital Market

Parties that require investment fund is not limited to the government alone, but also other productive sectors of the private sector. If the government usually acts as an initiative taker physical infrastructure development, the private sector (individuals and companies) to act as a driver of economic activity such as attempts commercial production of goods and services calculated based on pure business will be profitable. All this requires a good investment fund short-term nature, such as working capital for the cost of operational needs, as well as long-term funds such as for procurement of fixed assets required. In order to meet the needs of the company will fund as a means of financing and development can be done through various options of financing the company and one of the company's financing alternatives can be done by finding others to participate invest in the company. This can be done by selling the majority ownership of the company to the general public by way of public offering (go public) through the capital market. Initial public offerings made by the company through the capital market can make the company receives cash from the public which can then be used by the company for financing and development of the company

scholarly journals The Innovation of Government Bonds in the Growth of an Emergent Capital Market

2021 ◽  
Vol 7 (1) ◽  
pp. 103
Author(s):  
Cordelia Onyinyechi Omodero ◽  
Philip Olasupo Alege
Keyword(s):  
Capital Market ◽  
Research Work ◽  
Government Bonds ◽  
Market Capitalization ◽  
Market Growth ◽  
Explanatory Variables ◽  
The Government ◽  
The Impact ◽  
Total Market ◽  
The Capital Market

The growth of an emerging capital market is necessary and requires all available resources and inputs from various sources to realize this objective. Several debates on government bonds’ contribution to Nigeria’s capital market developmental growth have ensued but have not triggered comprehensive studies in this area. The present research work seeks to close the breach by probing the impact of government bonds on developing the capital market in Nigeria from 2003–2019. We employ total market capitalization as the response variable to proxy the capital market, while various government bonds serve as the independent variables. The inflation rate moderates the predictor components. The research uses multiple regression technique to assess the explanatory variables’ impact on the total market capitalization. At the same time, diagnostic tests help guarantee the normality of the regression model’s data distribution and appropriateness. The findings reveal that the Federal Government of Nigeria’s (FGN) bond is statistically significant and positive in influencing Nigeria’s capital market growth. The other predictor variables are not found significant in this study. The study suggests that the Government should improve on the government bonds’ coupon, while still upholding the none default norm in paying interest and refunding principal to investors when due.

Colombia

2019 ◽  
pp. 108-128
Author(s):  
Jonas B. Bunte
Keyword(s):  
Capital Market ◽  
The Political ◽  
Infrastructure Projects ◽  
Political Landscape ◽  
Qualitative Evidence ◽  
The Government ◽  
The Capital Market

A Capital Coalition between Finance and Industry dominates the political landscape of Colombia, while Labor is comparatively marginalized. Both groups are alarmed by the prospect of increased Chinese competition. Moreover, both prefer the government to borrow from the capital market even if cheaper loans from public sources are available. Interviews suggest that Colombian politicians are well aware of the dominant groups’ preferences. Consequently, politicians are ready to act upon the interests of the Capital Coalition when making borrowing decisions. The qualitative evidence suggests that Chinese loan offers are significantly disadvantaged with respect to both loans for general budget expenditures and loans for financing specific infrastructure projects. As a result, Colombia has rejected several Chinese loan offers and instead relies on private creditors for its financing needs.

scholarly journals Initial Public Offering (IPO) as a Potential Source of Capital for the Development of the Wood-based Industry Enterprises in Poland

2019 ◽  
Vol 1 (1) ◽  
pp. 117-123
Author(s):  
Leszek Wanat ◽  
Łukasz Sarniak ◽  
Elżbieta Mikołajczak
Keyword(s):  
Initial Public Offering ◽  
Capital Market ◽  
Stock Exchange ◽  
Descriptive Analysis ◽  
Green Economy ◽  
Development Level ◽  
Warsaw Stock Exchange ◽  
Order Preference ◽  
Public Offering ◽  
The Capital Market

Abstract The quest for new sources of financing for the development of green economy sectors and enterprises is one of the challenges to effective management. This study verifies whether a relationship exists between the activity of selected companies who access the capital market in search for new financing sources, their development level and their competitive edge. The sample used in this study was composed of companies from the forestry and wood-based sector (a major part of the Polish economy) listed on the Warsaw Stock Exchange. The Technique for Order Preference by Similarity to an Ideal Solution (TOPSIS) was used to assess the development level of selected enterprises. The main recommendations were formulated based on the findings from the analysis of performance ratios and from the comparative and descriptive analysis of data on stock exchange transactions in the wood-based sector. This is because the assumption was made that by becoming more active in the capital market and, as a consequence, by strengthening their competitive position, the enterprises covered by this study may contribute to adding value in the circular economy.

scholarly journals The Loss of Object Promised in Built Operate Transfer Scheme

2019 ◽  
Vol 8 (4) ◽  
pp. 12094-12097
Keyword(s):  
Private Sector ◽  
Private Law ◽  
Infrastructure Development ◽  
Transfer Scheme ◽  
Public And Private ◽  
Points Of Interest ◽  
The Government ◽  
Business Entities

Infrastructure development requires relatively large funds. The limited funding owned by the government encourages the government to cooperate with the private sector. The collaboration scheme is known as the collaboration of business entities (PPPs) or built operate transfer (BOT) schemes both concerning public and private law. Existing regulations encourage renegotiation as an effort to find points of interest for the parties.

scholarly journals Dampak Penerbitan Obligasi Pemerintah

2008 ◽  
Vol 2 (2) ◽  
pp. 63-87
Author(s):  
Friska Parulian
Keyword(s):  
Private Sector ◽  
Capital Market ◽  
Crowding Out ◽  
Huge Number ◽  
Government Bonds ◽  
The Future ◽  
The Capital Market

This paper is written in order to explain all about the act of issuing government bonds in Indonesia. It starts with the background, which was the collapse of many banks, then, the consequences of this act. The huge number of these bonds relative to all variables in economy such as MI, M2, and also GDP will make some problems in the future. It will burden the budget by worsening the deficit and also influence the allocation. Furthermore it has crowding out effect to the private sector. Another big problem is how to market these bonds. Facing the condition of capital market that still underdeveloped, it will be difficult to sale the bonds. At the last part of this paper, some suggestions that can be implemented in order to solve some of the problems are offered, especially-about the development of the capital market. 

scholarly journals Does the Capital Market Spur Economic Growth? Evidence from Nigeria

2017 ◽  
Vol 11 (1) ◽  
pp. 90-99
Author(s):  
Taiwo Adewale Taiwo Adewale Muritala
Keyword(s):  
Economic Growth ◽  
Capital Market ◽  
Negative Impact ◽  
Unit Root Test ◽  
Development Program ◽  
Least Square ◽  
Secondary Sources ◽  
Augmented Dickey Fuller ◽  
The Government ◽  
The Capital Market

This study critically examines the relationship between the capital market and economic growth of Nigeria. Data are mainly obtained from secondary sources, the CBN statistical bulletin over the period of 1980–2015. The results from the augmented Dickey Fuller unit root test show that all the variables were stationary at the level except RGDP, MCAP and TNI, which were stationary at the first difference. The results from Ordinary Least Square (OLS) reveal that total new issue, market capitalization, and total listing positively impact  the economy while the value of the transaction has a negative impact on real gross domestic product. The study recommends, among others, that the government implement measures to build up investors’ confidence in the capital market by fair transactions, by increasing investment instruments on the market; all the tiers of government should encourage funding their realistic development program through the capital market.

scholarly journals LEGAL PRINCIPLES IN FUNCTION AND PERFORMANCE OF BOT CONTRACT

Yuridika ◽  
2017 ◽  
Vol 32 (3) ◽  
pp. 521
Author(s):  
Reifon Cristabella Eventia
Keyword(s):  
Private Sector ◽  
Development Project ◽  
Regulatory Control ◽  
Infrastructure Development ◽  
Legal Norms ◽  
Legal Principle ◽  
State Governance ◽  
The Government ◽  
And Performance ◽  
Principle Of Proportionality

Build, Operate and Transfer (BOT) represents a long term partnership of the government and private sector. In BOT project, either the government or a private sector identifies a need for a development project. The philosophy in BOT contract begins from the increasing infrastructural needs in all areas and with a limited budget, government are required to commit the duties and functions state governance so that the concept of BOT give a solution through a partnership with the private sector. The government then gives a concession to the private sector to build the project and operate it for a fixed period years, after the period ended, the building shall be transferred to the government. Through BOT, the country is able to gain asset without government spending while maintaining a measure of regulatory control over the project. BOT permits the government to use private sector fund to finance public infrastructure development. The main issues elaborated in this article are the legal principle in the formation of BOT contract and the legal principle in the performance of BOT contract. There are two results; firstly, in the formation of a BOT contract, the principles of partnership and the principle of transparency should be emphasized. Secondly, in performance of the BOT contract, the principle of risk management and the principle of proportionality should be clearly stated in the rules and legal norms. 

scholarly journals ASPEK HUKUM DALAM PENERAPAN PRINSIP FULL DISCLOSURE DI PASAR MODAL

2017 ◽  
Vol 1 (2) ◽  
Author(s):  
Zaenah Zaenah
Keyword(s):  
Capital Market ◽  
National Development ◽  
Legal Aspects ◽  
Fund Raising ◽  
Investment Model ◽  
Public Offerings ◽  
Public Offering ◽  
Development Objectives ◽  
Public Offer ◽  
The Capital Market

Public Offering, known as Initial Public Offer (IPO), as ameans of fund raising with investment model, which is used as a means of expanding the business or to strengthen the company's finances without relying on debt to other parties.On a broad scale, as in the consideration of the formation of Capital Market Law No. 8 of 1995, that capital market has a strategic position to support the achievement of the national development objectives of creating a fair and prosperous society through one of the capital market activities namely the Public Offering of shares as a source of financing business field and investment means for the community.The law has been covering and regulating all capital market activities to create legal certainty for all parties involved in the capital market, through the obligation to apply full disclousure principle for companies conducting their public offerings that have implications to the IPO’s legality. Procedures and legal aspects in the application of the full disclousure principle will be explained in this paper, and expected to be an useful knowledge for anyone who needs information about IPO.Keywords : Capital Market, Initial Public Offer (IPO), duediligent, Full disclousure.

Alternatif Skema Pembiayaan Dalam Pembangunan Infrastruktur Bandar Udara di Indonesia

WARTA ARDHIA ◽  
2011 ◽  
Vol 37 (4) ◽  
pp. 335-345
Author(s):  
Eny Yuliawati
Keyword(s):  
Capital Market ◽  
Early Stage ◽  
Air Transportation ◽  
Infrastructure Development ◽  
Project Financing ◽  
National Budget ◽  
Economy Growth ◽  
Domestic Capital ◽  
Efficiency And Effectiveness ◽  
The Government

The availability of infrastructures is very important to support and determine the level of efficiency and effectiveness economy activities of a country. The availability of infrastructures is necessary for development. Thus, at the early stage, infrastructure development in a country is fully supported by the Government through the National Budget. However, along with economy growth of a country, demand on infrastructure service is also increasing. The problem is that those demands are not balanced with government’s ability in providing the infrastructures. Development of air transportation infrastructures has to be done faster in accordance with the increasing number of passengers. Therefore, it is necessary to look at business aspects in order to be feasible and economical. Various chances in model of Public Private Partnerships, project financing and chances in the use of both international proiect financing and domestic capital market for developing airports need to be considered in the future concerning the limited government's ability in financing.

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