Research Article
The Effect of Capital Market Development on Financial Sector Labor Absorption
@INPROCEEDINGS{10.4108/eai.6-5-2023.2333584, author={Rita Rita and Heru Subiyantoro and Yolanda Yolanda}, title={The Effect of Capital Market Development on Financial Sector Labor Absorption}, proceedings={Proceedings of the 3rd International Conference on Law, Social Science, Economics, and Education, ICLSSEE 2023, 6 May 2023, Salatiga, Central Java, Indonesia}, publisher={EAI}, proceedings_a={ICLSSEE}, year={2023}, month={7}, keywords={capital market development labor absorption in the financial sector}, doi={10.4108/eai.6-5-2023.2333584} }- Rita Rita
Heru Subiyantoro
Yolanda Yolanda
Year: 2023
The Effect of Capital Market Development on Financial Sector Labor Absorption
ICLSSEE
EAI
DOI: 10.4108/eai.6-5-2023.2333584
Abstract
The Capital Market is an instrument for Economic Growth because the Capital Market can correlate people who need funding with those who have excess funds. Furthermore, the Capital Market can support the formation of an efficient allocation of funds because it is through the Capital Market that those who wish to invest can choose investment options that provide maximum returns. The financial sector is the head of the growth rate of the real sector through capital accumulation and technological innovation. The absorption of labor in the financial services sector in Indonesia itself has always increased from year to year. The exploration was completed fully intent on examining the impact of the improvement of the Capital Market on the Retention of Work in the Monetary Area. The examination strategy utilizes graphic and confirmation techniques with the example in this review, specifically the Improvement of the Capital Market which is proxied by the Jakarta Composite File (IHSG) and the Degree of Work Retention in the Monetary Area. Considering the results of the immediate backslide quantifiable test, the results got as the Improvement of the Indonesian Capital Market emphatically influence the Level of Work Maintenance in the Money related Region.