Purpose: This research seeks to examine the cross-default and cross-collateral clauses in loan agreement that meet the principles of justice and the principle of balance, especially in developing countries such as Indonesia. Design/methodology/approach: A legal normative review method is used in...

The aim of the paper is to study the value created by foreign shareholders in Indonesia finance company industry over the period 2001-2015. We analysed the value creation of related and unrelated foreign shareholders by comparing the key financial performance. We analysed 7 micro key financial...