Corporate Governance 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 merger, exchange offer, or rights offer, for instance. Because backdoor listings are often not under th...