Analisis Penyebab Emiten Delisting Serta Akibat Yang Didapatkan Para Pemegang Saham
DOI:
https://doi.org/10.31949/entrepreneur.v3i1.1814Abstract
The capital market can be interpreted as a market that provides facilities for the issuance and trading of financial securities such as shares. Every issuer has a goal to move forward, but in real life some issuers end up being delisted. Based on this, this writer aims to analyze the causes of issuers being delisted and what the consequences are for shareholders. This study uses a descriptive qualitative approach. It can be concluded that the cause of the issuer being delisted is because the issuer has violated the rules, negative business conditions occur, bankruptcy, cannot generate operating income and the issuer's finances are unstable. As a result, the first shareholders can receive all the funds back, the second can receive a few percent (%) of the funds, the third will lose all their funds or the funds will not return completely, so it is advisable to be careful when choosing issuers to invest.
Keywords: Delisting; Issuers; Share; Shareholders.
Keywords:
Delisting, Issuers, Share, shareholfersDownloads
References
Ambasari, Diah Ayu. 2017. “Kepastian Hukum Bagi Perusahaan Tercatat Atas Ketiadaan Batas Waktu Tindakan Suspensi Oleh Bursa Efek Indonesia.” Universitas Islam Indonesia.
Anisah, Siti. 2018. “Studi Komparasi Terhadap Perlindungan Kepentingan Kreditor Dan Debitor Dalam Hukum Kepailitan.” Jurnal Hukum IUS QUIA IUSTUM 16(1).
Asikin, Zainal, dan Wira Pria Suhartana. 2016. Pengantar Hukum Perusahaan. Jakarta: Prenadamedia Group.
Dhany, Rista Rama. 2021. “Emiten Bangkrut Atau Delisting, Nasib Pemegang Saham Bagaimana?” IDX Channel. Diakses Desember 15, 2021 (https://www.idxchannel.com/market-news/emiten-bangkrut-atau-delisting-nasib-pemegang-saham-bagaimana).
Fernando, Bobby. 2017. “Sistem Pencatatan Dan Metode Penilaian Persediaan Alumunium Hiroksida (Al2OH) Pada PT. Chrismalis Artha Surabaya.” Universitas Katolik Darma Cendika.
Franita, Riska. 2018. Mekanisme Good Corporate Governance Dan Nilai Perusahaan: Studi Untuk Perusahaan Telekomunikasi. Medan: Lembaga Penelitian Dan Penulisan Ilmiah Aqli.
IDX. 2021. “Aktivitas Pencatatan.” Diakses Desember 16, 2021 (https://www.idx.co.id/perusahaan-tercatat/aktivitas-pencatatan/).
Moleong, Lexy J. 2005. Metodologi Penelitian Kualitatif. Bandung: Remaja Rosdakarya.
CIMB NIAGA. 2021. “Apa Itu Emiten? Pengertian, Fungsi Dan Tujuannya.” Diakses Desember 15, 2021 (https://www.cimbniaga.co.id/id/inspirasi/perencanaan/apa-itu-emiten-pengertian-fungsi-dan-tujuannya).
Nicky, Hogan. 2020. Yuk Belajar Saham Untuk Pemula Menjadi Investor Saham. Jakarta: Flex Media Komputindo.
Nurhaliza, Silfa. 2021. “Saham Delisting? Jangan Panik! Ini Penjelasannya.” IDX Channel. Diakses Desember 16, 2021 (https://www.idxchannel.com/market-news/saham-delisting-jangan-panik-ini-penjelasannya).
Otoritas Jaksa Keuangan. 2020. “Langgar Aturan Penyelenggaraan Usaha Perusahaan Pembiayaan, OJK Bekukan PT First Indo American Leasing Tbk.” Diakses Desember 16, 2021 (https://www.ojk.go.id/id/berita-dan-kegiatan/pengumuman/Pages/Langgar-Aturan-Penyelenggaraan-Usaha-Perusahaan-Pembiayaan,-OJK-Bekukan-PT-First-Indo-American-Leasing-Tbk.aspx).
Otoritas Jaksa Keuangan. 2021. “Emiten Dan Perusahaan Publik.” Diakses Desember 15, 2021 (https://www.ojk.go.id/id/kanal/pasar-modal/Pages/Emiten-dan-Perusahaan-Publik.aspx).
Saleh, Tahir. 2020a. “Emiten Ini Bakal Didepak Bursa 28 Agustus, Punya Sahamnya?” CNBC Indonesia. Diakses Desember 16, 2021 (https://www.cnbcindonesia.com/market/20200728110244-17-175899/emiten-ini-bakal-didepak-bursa-28-agustus-punya-sahamnya).
Saleh, Tahir. 2020b. “Hari Ini, Arpeni Resmi Delisting Dari Bursa Efek.” CNBC Indonesia. Diakses Desember 16, 2021 (https://www.cnbcindonesia.com/market/20200405121742-17-149852/hari-ini-arpeni-resmi-delisting-dari-bursa-efek).
Saleh, Tahir. 2020c. “Resmi Delisting! Sayonara Borneo Lumbung Energy.” CNBC Indonesia. Diakses Desember 16, 2021 (https://www.cnbcindonesia.com/market/20200120165257-17-131360/resmi-delisting-sayonara-borneo-lumbung-energy).
Sulia. 2017. “Analisis Faktor-Faktor Yang Mempengaruhi Harga Saham Pada Perusahaan LQ45 Yang Terdaftar Di Bursa Efek Indonesia.” Jurnal Wira Ekonomi Mikroskill 7(2):129.
Tambunan, Andy Porman. 2007. Menilai Harga Wajar Saham (Stock Valuation). Jakarta: PT Elex Media Komputindo.
Tendelilin, Eduardus. 2001. Analisis Investasi Dan Manajemen Portofolio. Yogyakarta: BPEE.
Wibowo, Edi. 2011. “Analisis Penentuan Saham Yang Akan Dibeli Suatu Tinjauan Umum.” Jurnal Ekonomi Dan Kewirausahaan 11(1):151.
Zed, Mestika. 2003. Metode Penelitian Kepustakaan. Jakarta: Yayasan Obor Indonesia.
Zein Mahmud, Hasan. 1992. Perkembangan Pasar Modal Dalam Kaitan Sebagai Sumber Pembiayaan Pebiayaan Perusahaan: Kendala & Tantangan.
Zellatifanny, Cut Medika, and Bambang Mudjiyanto. 2018. “Tipe Penelitian Deskripsi Dalam Ilmu Komunikasi.” Jurnal Diakom 1(2).
Published
How to Cite
Issue
Section
License
COPYRIGHT NOTICE
An author who publishes in the Entrepreneur: Jurnal Bisnis Manajemen dan Kewirausahaan agrees to the following terms:
1. Author retains the copyright and grants the journal the right of first publication of the work simultaneously licensed under the Creative Commons Attribution-ShareAlike 4.0 License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal
2. The author is able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book) with the acknowledgment of its initial publication in this journal.
3. The author is permitted and encouraged to post his/her work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of the published work