scholarly journals Ad hoc public disclosure obligations of public companies on the capital market

2012 ◽  
Vol 46 (2) ◽  
pp. 297-309
Author(s):  
Marjanski Vladimir
2020 ◽  
Vol 2 (2) ◽  
pp. 84-89
Author(s):  
Veronika Nugraheni Sri Lestari ◽  
Dwi Cahyono ◽  
Nila Romatal Azah ◽  
Devy Mei Ariyanti

Capital markets are often interpreted as a market for a long-term financial instrument (securities) (its maturity is more than 1 year). In addition to that understanding, the capital market is also often associated as a place for the transaction of the party that needs funds (the company) and the Excess party (financier). The initial step of Sharia capital market developments in Indonesia began with the issuance of sharia funds on 25 June 1997 followed by the issuance of sharia bonds at the end of 2002, followed by the presence of the Jakarta Islamic Index (JII) in July 2000. The marketable securities traded on the stock exchange include stocks, bonds and mutual funds. Marketable securities are often referred to as ' financial instruments ' or ' securities ' or ' Sekuritas ' (Securities Act No. 8 year 1995 defines the capital market as "the activities concerned with public offerings and securities trading, public companies relating to securities, published, as well as institutions and professions relating to the securities". The capital market acts as a liaison between investors and companies or government institutions through the long-term trading of financial instruments. In an effort to support the realization of the Indonesian capital market to become a resilient and global economic driver of the national economy as stated in the Indonesian capital market blueprint, it needs to be done continuously to improve and expand the capital market infrastructure towards the better direction.


Author(s):  
Çetin Arslan ◽  
Didar Özdemir

Insider trading act is penalised ultima ratio with the aim of fighting against manmade market actions which outrage the principle of public disclosure and the element of trust in order to establish equality and good faith in capital markets. Insider trading is first disposed as a crime among the other capital market crimes (art.47/1-A-1) in the Capital Market Code no.2499 dated 28.07.1981 with the Amendment to the law no.3794 dated 29.04.1992 and at the present time it is rearranged as a self-contained crime type in article 106 of the Capital Market Code no.6362 dated 06.12.2012. In this study, the crime of insider trading is examined –in particular through the controversial points- as a comparative analysis between abrogated and current dispositions in Turkish Law.


2019 ◽  
Vol 4 (1) ◽  
pp. 32
Author(s):  
Etty Susilowati ◽  
Hernawati Sinaga

The stock trading volume is the number of shares that are traded on the capital market every trading day with a price level agreed upon by the seller and buyer through an intermediary in the capital market. Stocks will be more liquid with the amount of investment in shares. To assess the volume of stock trading, investors can evaluate net income, cash flow and cash dividends. The purpose of this study was to analyze the effect of net income, cash flow and cash dividends on the volume of stock trading in 10 public goods and consumption sectors listed on the Indonesia Stock Exchange (IDX) through a purposive sampling technique both simultaneously and partially. The research data were analyzed using multiple linear regression methods. The results of this study indicate that simultaneously net income, cash flow and cash dividends have significant effects on the volume of stock trading of public companies in the goods and consumption sector, while partially, only net income (β = 0.485) and cash flow (β= 1.587) have significant positive effects against the volume of stock trading.


2021 ◽  
Author(s):  
Konrad Roth

Antitrust leniency programmes expect applicants to not disclose the fact of cooperating with the authorities. This may cause problems for companies if, as issuers on the capital market, they are obliged to publish insider information as soon as possible (Art. 17 MAR). Ultimately offering a solution to the initial problem based on the findings, the thesis provides a profound analysis of two areas of law which are relevant in practice and are deeply rooted in EU law. A thorough and critical examination is carried out considering numerous aspects of the obligation of disclosure as well as of the newly created German statutory leniency programme (§§ 81h ff. GWB), which implements the “ECN”-Directive and replaces the previous “Bonusregelung”.


2015 ◽  
Vol 2 (3) ◽  
pp. 308-320
Author(s):  
Fatih Güçlü ◽  
Metin Kılıç

The Capital Market Board (CMB), carry outs audit and surveillance activities in capital markets in order to provide safety and stability of capital markets, protect the rights of investors and fulfill public disclosure. In consequence of audit activity, the CMB, within the scope of power which has been given by the statute law can apply some sanctions, such as administrative fine. The subject of the study is administrative fine applications imposed by the CMB on companies whose shares are processed in the Borsa Istanbul (BIST), between 2006 and 2013. The aim of this study is to determine due to the infringement of which provisions of the statue law which cause administrative fines as a result of te CMB’s audit activity within the scope of power which has been given by the statute law. According to this research's result, CMB mostly executed administrative fines in consequence of statue law related to material disclosure.


2020 ◽  
Vol 6 (2) ◽  
Author(s):  
Krista Yitawati ◽  
Hery Sumanto

Abstract— The capital market is an investment alternative for investors. Through the capital market, investors can invest in several companies through the purchase of securities offered. Investors will become shareholders in publicly-listed companies. The purpose of this study is about the position of capital market investors in the event of bankruptcy in the issuer's company and know the form of protection that can provide protection for capital market investors. The research method used is a normative research method by reviewing legislation. the position of capital market investors in the event of bankruptcy in the issuer's company is that the public shareholders are creditors who are included in the competitor (concurrent) while the form of legal protection needed is to maximize the functions and roles of OJK as the protectors of the issuer's stock which is accurately related to the performance and financial condition of public companies because the principle of openness is one of the rights that guarantees legal protection, and makes efforts to restructure the issuer's company to avoid bankruptcy. Keywords—: legal protection; investors; capital market; bankruptcy; issuers.


2020 ◽  
Vol 21 (specjalny) ◽  
pp. 57-70
Author(s):  
Katarzyna Żak

The crisis caused by the covid-19 coronavirus has caused economic stagnation and financial problems for many companies. Due to the unstable situation in the global economy, companies faced the challenge of proper, reliable reporting of their results in accordance with the principles of corporate governance according to OECD standards. Therefore, the study highlights the obligations of managers of public companies related to providing information about the financial and non-financial situation for various players on the capital market. The directions of the search and ad hoc proposals for solutions that may be helpful in current and future investor decisions are also indicated. The study appliessuch research methods as the review of current domestic and foreign publications and desk research analysis.


JURISDICTIE ◽  
2017 ◽  
Vol 6 (2) ◽  
pp. 164
Author(s):  
Adirianto Adirianto

This article aims to describe how the policy formation of Islamic Capital Market Law in Indonesia. This article is based on research using the normative approach to law (statute approach) and the conceptual approach (conceptual approach). The results of the discussion of this article shows that the formation of Law No. 8 of 1995 on Capital Market from the approach used in the Draft Law on Capital Market is divided into two, namely the Institutional Approach and Approach Activities. From that approach then can the problem to design the Law on Capital Market that have been showcased in the Problem Inventory List (DIM) to conduct further discussion process in the Establishment Act Concerning the Capital Market. Other factors are reflected in very strong sociological aspects of coverage that would pihakpihak governed by this Law which covers all players in the capital market, which is any party that has an interest in the activity modal an outlets and public companies.<br />Artikel ini bertujuan mendeskripsikan bagaimana kebijakan pembentukan Undang-undang Pasar Modal Syariah di Indonesia. Artikel ini berdasarkan penelitian normatif dengan menggunakan pendekatan perundang-undangan (statute approach) dan pendekatan konseptual (conceptual approach). Hasil pembahasan artikel ini menunjukkan bahwa terbentuknya Undang-Undang No. 8 Tahun 1995 tentang Pasar Modal dari pendekatan yang digunakan dalam Rancangan Undang-undang tentang Pasar Modal dibagi dua, yaitu Pendekatan Kelembagaan dan Pendekatan Aktivitas. Dari pendekatan itu maka di dapat masalah untuk merancang Undang-Undang tentang Pasar Modal yang sudah di tuangkan dalam Daftar Inventarisasi Masalah (DIM) untuk melakukan Proses Pembahasan selanjutnya dalam Pembentukan Undang-Undang Tentang Pasar Modal. Faktor lainnya secara aspek sosiologisnya tercermin sangat kuat dari cakupan pihakpihak yang kelak diatur oleh Undang-Undang ini yang mencakup seluruh pelaku Pasar Modal, yaitu setiap pihak yang mempunyai kepentingan dengan aktivitas kepasar modalan dan perusahaan publik.


Author(s):  
Fatih Güçlü ◽  
Metin Kılıç

The Capital Market Board (CMB), carry outs audit and surveillance activities in capital markets in order to provide safety and stability of capital markets, protect the rights of investors and fulfill public disclosure. In consequence of audit activity, the CMB, within the scope of power which has been given by the statute law can apply some sanctions, such as administrative fine. The subject of the study is administrative fine applications imposed by the CMB on companies whose shares are processed in the Borsa Istanbul (BIST), between 2006 and 2013. The aim of this study is to determine due to the infringement of which provisions of the statue law which cause administrative fines as a result of te CMB’s audit activity within the scope of power which has been given by the statute law. According to this research's result, CMB mostly executed administrative fines in consequence of statue law related to material disclosure.


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