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"[Hedge funds have started to play an important role in financial markets during the last decade. They have affected important aspects of financial intermediation such as asset allocation decisions and corporate governance. Julian Holler provides an excellent theoretical and empirical analysis of these issues. His analysis offers strong support that hedge funds enable investors to improve asset allocation decisions. Consequently, hedge funds are an interesting alternative asset class for institutional investors. In contrast to results for the U.S. capital market his research provides evidence that hedge fund activism does not persistently increase the value of firms in Germany. This result suggests that the institutional environment has a strong influence on the effectiveness of corporate governance mechanisms., Hedge funds have started to play an important role in financial markets during the last decade. They have affected important aspects of financial intermediation such as asset allocation decisions and corporate governance. Julian Holler provides an excellent theoretical and empirical analysis of these issues. His analysis offers strong support that hedge funds enable investors to improve asset allocation decisions. Consequently, hedge funds are an interesting alternative asset class for institutional investors. In contrast to results for the U.S. capital market his research provides evidence that hedge fund activism does not persistently increase the value of firms in Germany. This result suggests that the institutional environment has a strong influence on the effectiveness of corporate governance mechanisms.]"

""In the wake of the recent global financial collapse the timely new edition of this successful text provides students and business professionals with a welcome update of the key issues facing managers, boards of directors, investors, and shareholders. In addition to its authoritative overview of the history, the myth and the reality of corporate governance, this new edition has been updated to include: analysis of the financial crisis; the reasons for the global scale of the recession; the failure of international risk management; an overview of corporate governance guidelines and codes of practice; new cases. Once again in the new edition of their textbook, Robert A. G. Monks and Nell Minow show clearly the role of corporate governance in making sure the right questions are asked and the necessary checks and balances in place to protect the long-term, sustainable value of the enterprise. Features 18 case studies of institutions and corporations in crisis, and analyses the reasons for their fall (Cases include Lehman Brothers, General Motors, American Express, Time Warner, IBM and Premier Oil)"-- Provided by publisher."

"Tesis ini membahas mengenai tindak pidana manipulasi pasar di bidang pasar modal yang dilakukan oleh Benny Tjokrosaputro dan Heru Hidayat dalam perjanjian Kontrak Pengelolaan Dana (KPD) investasi yang dimiliki Jiwasraya atau dikenal dengan Kasus Jiwasraya. Asuransi Jiwasraya memiliki tanggung jawab untuk mengelola asetnya secara tepat. Namun demikian, ditemukan pelanggaran terkait pengelolaan investasi yang dilakukan baik oleh pengurus perseroan maupun manajer investasi. Penelitian ini disusun berdasarkan metode yuridis normatif dengan menggunakan peraturan perundang- undangan dan putusan hakim sebagai bahan hukum primer serta digunakannya buku, artikel, dan pendapat ahli sebagai bahan hukum sekunder. Kesimpulan dalam penelitian ini adalah adanya tindak manipulasi pasar berjenis pump and dump dan painting the tape pada Kasus Jiwasraya yang dilakukan dengan mengabaikan prinsip Good Corporate Governance. Di samping itu, penelitian ini juga menyimpulkan aparat penegak hukum pada Kasus Jiwasraya tidak menggunakan peraturan mengenai pemidanaan tindak pidana manipulasi pasar meskipun saksi ahli menyatakan adanya hubungan antara tindak pidana manipulasi pasar dengan tindak pidana pada Kasus Jiwasraya. Melalui penelitian ini, penulis menyarankan agar dilakukan beberapa hal sebagai berikut: (i) meneliti lebih lanjut beragam bentuk tindak manipulasi pasar sebagai bahan untuk menyusun peraturan terkait tindak manipulasi pasar lebih lanjut; (ii) pelaksanaan fungsi pengawasan oleh Komisaris Jiwasraya lebih lanjut dengan melibatkan Kementerian BUMN terutama dalam pengelolaan investasi; dan (iii) diadakannya penelitian dan seminar untuk meningkatkan pengetahuan tindak pidana manipulasi pasar di kalangan aparat penegak hukum.

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This thesis discusses how market manipulation as the criminal act which carried out by Benny Tjokrosaputro and Heru Hidayat on the Fund Management Contract or known as the Jiwasraya Case. Jiwasraya has the responsibility to manage its assets properly. However, there are several violations about investment management which are found by the Jiwasraya management and the investment manager. This study uses a normative juridical method which used statutory regulations and judge’ decisions as the primary legal materials also used the secondary legal materials such as books, articles, and the law expert’s opinion. This thesis concludes that there is two type of market manipulation which happened on the Jiwasraya Case such as pump and dump and painting the tape as the Jiwasraya management ignored the Good Corporate Governance principles. In addition, this thesis also concludes that the law enforcer did not use the appropriate law for the case even though the expert has stated that there was market manipulation on the Jiwasraya case. Through this research, the author suggest several things should be done: (i) further researching about various forms of market manipulation as the material for drafting more market manipulation law; (ii) further implementation of the supervisory function by the Jiwsraya Commissioner by involving the Ministry of BUMN; and (iii) holding research and seminars to increase knowledge of criminal acts of market manipulation among law enforcer."

"Penelitian ini membahas perbandingan mengenai transformasi konsep Corporate Social Responsibility (CSR) dan Good Corporate Governance (GCG) pada Undang-undang Nomor 40 Tahun 2007 tentang Perseroan Terbatas untuk mengetahui mengapa transformasi GCG berjalan dengan baik, sedangkan transformasi CSR mengundang pengujian konstitutional. Putusan Mahkamah Konstitusi Perkara no 53 Tahun 2008 digunakan sebagai bahan analisis teks untuk memperoleh ragam pemaknaan terhadap istilah Tanggung Jawab Sosial dan Lingkungan (TJSL) serta menganalisis kontroversi pemberlakuan TJSL sebagai kewajiban hukum. Keberhasilan transformasi GCG adalah adanya kebijakan nasional serta dukungan terstruktur dan sistemik. CSR berada pada ranah moral etika dan TJSL pada ranah hukum dan kedua-duanya berlaku di Indonesia.

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This research compares the transformation of Corporate Social Responsibility (CSR) and Good Corporate Governance, and explores the factors affecting the transformation of GCG concept to the Indonesian legal system. Questioned was whether the term social and environmental responsibility refers to the internationally known CSR since it has resulted in request for constitutional review. Text analysis of the Constitutional Court Decision Number 53 of 2008 was employed to find the various facets of meanings and provide insight into the issue of CSR as voluntary activities transformed into legally mandatory act. Applying Political Obligation theory reveals that CSR tends to be morally based, hence ‘social and environmental responsibility’ term refers to a set of different criteria based on the Indonesian Constitutional Law, Article 33, paragraph (1),(2),(3)."