Enactment of corporate laws for building legal environment and their effectiveness
Resumen
This study investigates the current legal environment of
Indonesia in the light of new enactment of laws and effectiveness of
their enforcement. The SPSS software was used to carry out regression
analysis. The findings show a positive relationship between legal
environment and legal effectiveness, however the enactment of new
laws was found to be unrelated and insignificant due to significant
uncertainties and past legacy still present in the Indonesian law. In
conclusion, it is time for creating public awareness to understand what
corporate activities could be harmful to them.