Meitisari, Pramayanti (2005) The disciplinary role of bankruptcy law to protect corporate claim holdersâ’right. Jurnal Ekonomi, 9 (2).

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Abstract

This paper examines the disciplinary role of bankruptcy law to protect corporate claim holdersÂ’ right. Finance literature highights the conflict of interest between management, majority and minority share holders, and creditors. Majority shareholder potentially expropriates the wealth of minority shareholders and creditors through corporate policies. The study shows that creditors can make use of bankruptcy petition to penalizethe management actions when the corporate usiness strategies fail. Such disciplinary action, however, depends on reliability of bankruptcy law provide protection for the corporate claim rights of minority holders. The development of bankruptcy law effects the way that corporations confront bankruptcy risks. A well functioning bankruptcy system should effectively influence the mutual trust of loan contracts, thus it controls opportunistic behaviour. The study uses Indonesian data to find evidence on the effect of disciplinary role of bankruptcy law to provide protection for creditorsÂ’ rights

Item Type:	Article
Uncontrolled Keywords:	Bankruptcy law, creditors right, apportunistic behaviour, corporate alue
Divisions:	Fakultas Ekonomi dan Bisnis > S1 Akuntansi
Depositing User:	tassa Natassa Auditasi
Date Deposited:	09 Feb 2022 02:47
Last Modified:	09 Feb 2022 02:47
URI:	https://eprints.unmer.ac.id/id/eprint/2433

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