Reaksi Pasar Modal Terhadap Disahkannya RUU Cipta Kerja Menjadi Undang-Undang Pada Emiten Perbankan

Abstract

The capital market is an important vehicle in the economywhich functions to mobilize funds from the public to the productivesector. Information disclosure plays an important role in capitalmarket activities because the information received by capital marketplayers is input in to make decisions to move forward rationally. Theevent that the Draft Job Creation Law was passed into a Law has prosand cons in both the national community and the internationalcommunity. This event is an important economic event because it caninfluence business actors to take the next business- related step. Thepurpose of this study is to measure whether the events of thelegalization of the Job Creation Bill have a significant impact on thecapital market in terms of Abnormal Return and Trading VolumeActivity. The observation period was carried out for 14 days beforeand 14 days after the event. This type of quantitative research usescomparative methods. The sampling method used is purposivesampling, with a total of 32 banking sector companies listed on theIndonesian stock exchange. The results of the research show that theincident of the passage of the Job Creation Bill into a Law containsinformation that causes the market to react.