Legal Aspects of the Capital Market Position and Benefits in Indonesia: A Comparative Study

Eni Dasuki Suhardini(1email), Rachmat Suharno(2), Reynald Sandi Owen(3)


(1) Faculty of Law, Universitas Langlangbuana, Bandung, Indonesia
(2) Faculty of Law, Universitas Langlangbuana, Bandung, Indonesia
(3) Faculty of Law, Universitas Langlangbuana, Bandung, Indonesia
email Corresponding Author
CrossMark

Abstract


Introduction: Capital markets play a crucial role in the economic growth of many countries, including Indonesia and Malaysia. Capital markets raise funds and serve as investment instruments. Through various instruments, such as stocks, bonds, and mutual funds, investors need information to obtain a clear portfolio that makes them confident in investing their funds in Indonesia or Malaysia.

Purposes of the Research: This study aimed to analyze the legal positions and benefits of capital markets in Indonesia and Malaysia.

Methods of the Research: This study was legalistic, doctrinal, or normative, using a comparative law approach to compare the legal position and benefits of the capital market in Indonesia with Malaysia.

Results of the Research: Capital markets are crucial in Indonesia's and Malaysia's economies. To protect market players, Indonesia issued Law Number 8 of 1995 on the Capital Market and related instruments, such as Law Number 4 of 2023 on Financial Sector Development and Strengthening and Law Number 21 of 2011 on the Financial Services Authority (OJK). Similarly, Malaysia issued the Capital Markets and Services Act of 2007 to provide legal certainty and increase investor confidence. The capital market significantly impacts economic growth in both countries, serving as a crucial component of the economic ecosystem by providing investment opportunities through corporate actions, such as initial public offerings, secondary share issuances, and bond offerings.

Keywords


Legal Aspects; Positions; Benefits; Capital Market.


DOI


10.47268/sasi.v31i2.2939

Published


2025-07-12

How To Cite


APA: Suhardini, E.D., Suharno, R., & Owen, R.S. (2025). Legal Aspects of the Capital Market Position and Benefits in Indonesia: A Comparative Study. SASI, 31(2), 159-171. DOI: https://doi.org/10.47268/sasi.v31i2.2939.
IEEE: E.D. Suhardini, R. Suharno, and R.S. Owen, "Legal Aspects of the Capital Market Position and Benefits in Indonesia: A Comparative Study", SASI, vol. 31, no. 2, pp. 159-171, Jul. 2025. Accessed on: Aug. 8, 2025. [Online]. Available DOI: https://doi.org/10.47268/sasi.v31i2.2939
Harvard: Suhardini, E.D., Suharno, R., and Owen, R.S., (2025). "Legal Aspects of the Capital Market Position and Benefits in Indonesia: A Comparative Study". SASI, Volume 31(2), pp. 159-171. [Online]. Available DOI: https://doi.org/10.47268/sasi.v31i2.2939 (Accessed on: 8 August 2025)
Chicago: Suhardini, Eni Dasuki, Rachmat Suharno, and Reynald Sandi Owen. "Legal Aspects of the Capital Market Position and Benefits in Indonesia: A Comparative Study." SASI 31, no. 2 (June 29, 2025): 159-171. Accessed August 8, 2025. doi:10.47268/sasi.v31i2.2939
Vancouver: Suhardini ED, Suharno R, Owen RS. Legal Aspects of the Capital Market Position and Benefits in Indonesia: A Comparative Study. SASI [Internet]. 2025 Jul 12 [cited 2025 Aug 8];31(2):159-171. Available from: https://doi.org/10.47268/sasi.v31i2.2939
MLA 8th: Suhardini, Eni Dasuki, Rachmat Suharno, and Reynald Sandi Owen. "Legal Aspects of the Capital Market Position and Benefits in Indonesia: A Comparative Study." SASI, vol. 31, no. 2, 29 Jun. 2025, pp. 159-171, doi:10.47268/sasi.v31i2.2939. Accessed 8 Aug. 2025.
BibTeX:
@article{SASI2939,
		author = {Eni Suhardini and Rachmat Suharno and Reynald Owen},
		title = {Legal Aspects of the Capital Market Position and Benefits in Indonesia: A Comparative Study},
		journal = {SASI},
		volume = {31},
		number = {2},
		year = {2025},
		keywords = {Legal Aspects; Positions; Benefits; Capital Market.},
		abstract = {Introduction: Capital markets play a crucial role in the economic growth of many countries, including Indonesia and Malaysia. Capital markets raise funds and serve as investment instruments. Through various instruments, such as stocks, bonds, and mutual funds, investors need information to obtain a clear portfolio that makes them confident in investing their funds in Indonesia or Malaysia.Purposes of the Research: This study aimed to analyze the legal positions and benefits of capital markets in Indonesia and Malaysia.Methods of the Research: This study was legalistic, doctrinal, or normative, using a comparative law approach to compare the legal position and benefits of the capital market in Indonesia with Malaysia.Results of the Research: Capital markets are crucial in Indonesia's and Malaysia's economies. To protect market players, Indonesia issued Law Number 8 of 1995 on the Capital Market and related instruments, such as Law Number 4 of 2023 on Financial Sector Development and Strengthening and Law Number 21 of 2011 on the Financial Services Authority (OJK). Similarly, Malaysia issued the Capital Markets and Services Act of 2007 to provide legal certainty and increase investor confidence. The capital market significantly impacts economic growth in both countries, serving as a crucial component of the economic ecosystem by providing investment opportunities through corporate actions, such as initial public offerings, secondary share issuances, and bond offerings.},
				issn = {2614-2961},		pages = {159--171}			doi = {10.47268/sasi.v31i2.2939},
				url = {https://fhukum.unpatti.ac.id/jurnal/sasi/article/view/2939}
		}
		
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Dublin Core PKP Metadata Items Metadata for this Document
 
1. Title Title of document Legal Aspects of the Capital Market Position and Benefits in Indonesia: A Comparative Study
 
2. Creator Author's name, affiliation, country Eni Dasuki Suhardini; Faculty of Law, Universitas Langlangbuana, Bandung; Indonesia
 
2. Creator Author's name, affiliation, country Rachmat Suharno; Faculty of Law, Universitas Langlangbuana, Bandung; Indonesia
 
2. Creator Author's name, affiliation, country Reynald Sandi Owen; Faculty of Law, Universitas Langlangbuana, Bandung; Indonesia
 
3. Subject Discipline(s)
 
3. Subject Keyword(s) Legal Aspects; Positions; Benefits; Capital Market.
 
4. Description Abstract Introduction: Capital markets play a crucial role in the economic growth of many countries, including Indonesia and Malaysia. Capital markets raise funds and serve as investment instruments. Through various instruments, such as stocks, bonds, and mutual funds, investors need information to obtain a clear portfolio that makes them confident in investing their funds in Indonesia or Malaysia.Purposes of the Research: This study aimed to analyze the legal positions and benefits of capital markets in Indonesia and Malaysia.Methods of the Research: This study was legalistic, doctrinal, or normative, using a comparative law approach to compare the legal position and benefits of the capital market in Indonesia with Malaysia.Results of the Research: Capital markets are crucial in Indonesia's and Malaysia's economies. To protect market players, Indonesia issued Law Number 8 of 1995 on the Capital Market and related instruments, such as Law Number 4 of 2023 on Financial Sector Development and Strengthening and Law Number 21 of 2011 on the Financial Services Authority (OJK). Similarly, Malaysia issued the Capital Markets and Services Act of 2007 to provide legal certainty and increase investor confidence. The capital market significantly impacts economic growth in both countries, serving as a crucial component of the economic ecosystem by providing investment opportunities through corporate actions, such as initial public offerings, secondary share issuances, and bond offerings.
 
5. Publisher Organizing agency, location Faculty of Law, Universitas Pattimura
 
6. Contributor Sponsor(s) Universitas Langlangbuana
 
7. Date (YYYY-MM-DD) 2025-07-12
 
8. Type Status & genre Peer-reviewed Article
 
8. Type Type
 
9. Format File format PDF
 
10. Identifier Uniform Resource Identifier https://fhukum.unpatti.ac.id/jurnal/sasi/article/view/2939
 
10. Identifier Digital Object Identifier 10.47268/sasi.v31i2.2939
 
11. Source Title; vol., no. (year) SASI; Volume 31 Issue 2, June 2025
 
12. Language English=en en
 
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