Improving Corporate Governance in Indonesia: Policy Options and Regulatory Strategies for Tackling Backdoor Listings

Costly and lengthy regulatory barriers, accompanied by sluggish markets, have long been reasons for companies and their shareholders to look for alternatives to Initial Public Offerings (IPOs). A popular alternative has often been to pursue backdoor listing – often accomplished through a reverse mer...

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Bibliographic Details
Format: Electronic eBook
Language:English
Published: Paris OECD Publishing 2016
Series:Corporate Governance
Subjects:
Online Access:Volltext
Summary:Costly and lengthy regulatory barriers, accompanied by sluggish markets, have long been reasons for companies and their shareholders to look for alternatives to Initial Public Offerings (IPOs). A popular alternative has often been to pursue backdoor listing – often accomplished through a reverse merger, exchange offer, or rights offer, for instance. Because backdoor listings are often not under the strict oversight of listing rules and regulations, it is argued that they are prone to fraud and abuse. This report provides four regulatory strategies for consideration by policy makers in Indonesia, in order to support their efforts to improve listing and corporate governance standards
Physical Description:1 Online-Ressource (48 Seiten) 16 x 23cm
ISBN:9789264243972
DOI:10.1787/9789264243972-en

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