Capital Market in Indonesia
Abstrak
The capital market in Indonesia has experienced rapid development in recent decades, along with the increasing need for corporate funding and public interest in investment. This study aims to analyze the role of the capital market in the national economy, focusing on the mechanisms, challenges, and opportunities faced. This research uses a qualitative method based on a literature study to evaluate the dynamics of the capital market, including regulation, the role of the Indonesia Stock Exchange (IDX), and the contribution of financial technology. The analysis shows that the capital market provides efficient resource allocation, increases liquidity, and enables risk diversification. However, this market faces challenges such as low financial literacy and dependence on foreign capital. Great opportunities also arise from technological advances and the development of ESG-based financial instruments. The study concludes that increased collaboration between regulators, market participants, and the public can support the inclusiveness and growth of Indonesia's capital market.
Referensi
Sunariyah. (2020). "Pengantar Pengetahuan Pasar Modal." Yogyakarta: UPP STIM YKPN.
Tandelilin, E. (2017). "Portofolio dan Investasi." Yogyakarta: Kanisius,
Husnan, S. (2015). "Dasar-dasar Teori Portofolio dan Analisis Sekuritas." Yogyakarta: UPP AMP YKPN.
Weston, J. F., & Copeland, T. E. (1992). "Manajemen Keuangan." Jakarta: Erlangga.
Otoritas Jasa Keuangan (OJK). (2024). "Apa Itu Pasar Modal?"
Bursa Efek Indonesia (BEI). (2024). "Panduan Pasar Modal untuk Pemula." Republik Indonesia. (1995). Undang-Undang Pasar Modal No. 8 Tahun 1995, Pasal 1 Ayat (27). Jakarta: Sekretariat Negara.
Aini, M. (2019). Pengaruh Reksa Dana terhadap Investasi Pasar Modal. Jakarta: UIN Syarif Hidayatullah Repository. Tersedia di: repository.uinjkt.ac.id.
PINA Center of Investment. (2023). Peran Reksa Dana dalam Perkembangan Pasar Modol. Jakarta: Kementerian Keuangan RI.
E-Journal Universitas Indonesia. (2022). Analisis Saham dan Obligasi di Pasar Modal Indonesia. Jakarta: Universitas Indonesia
Open Access
IDEA (International Development of Economics and Administration Journal) is a national peer reviewed and open access journal that publishes significant and important research from all area of Development of Economics and Administration.
This journal provides immediate open access to its content that making research publish in this journal freely available to the public that supports a greater exchange of knowledge.
Copyright
Submission of a manuscript implies that the submitted work has not been published before (except as part of a thesis or report, or abstract); that it is not under consideration for publication elsewhere; that its publication has been approved by all co-authors. If and when the manuscript is accepted for publication, the author(s) still hold the copyright and retain publishing rights without restrictions. Authors or others are allowed to multiply article as long as not for commercial purposes. For the new invention, authors are suggested to manage its patent before published. The license type is CC-BY-SA 4.0.
Disclaimer
No responsibility is assumed by publisher and co-publishers, nor by the editors for any injury and/or damage to persons or property as a result of any actual or alleged libelous statements, infringement of intellectual property or privacy rights, or products liability, whether resulting from negligence or otherwise, or from any use or operation of any ideas, instructions, procedures, products or methods contained in the material therein.
