Indonesian Journal Of Business And Entrepreneurship Research
Vol. 2 No. 2 (2024): Vol. 2, No. 2, May 2024: Indonesian Journal of Business and Entrepreneurship Re

The Effect of Job Creation Law Regulation on Mining Business: Economic Impact Analysis on the Mining Industry

Muhammad Satrio Mubaraq (Universitas Negeri Makassar)
Wahyudin Pawata (Universitas Negeri Makassar)
Muhammad Irham Guntur (Universitas Negeri Makassar)



Article Info

Publish Date
25 May 2024

Abstract

This study provides important insights into the impact of Labor Law Regulation on the mining industry, with a focus on PT. Vale Indonesia. By applying simple linear regression analysis to the company’s financial and operational data from 2019 to 2022, the research evaluates the effects of the Labor Law Regulation both before and after its implementation. The study aims to determine how the regulation influences the financial and operational performance of PT. Vale Indonesia. The Labor Law Regulation, as the independent variable, assesses the effectiveness of government policies in supporting the mining sector. Financial performance, the dependent variable, is measured through indicators such as economic impact and perception. The analysis reveals a significant improvement in PT. Vale Indonesia’s financial outcomes post-regulation, suggesting enhanced operational efficiency and capital investment. However, the study also notes the need for further investigation into the social impact on surrounding communities. Overall, the research concludes that the Labor Law Regulation has a positive and statistically significant effect on the mining business, indicating strong government policy support, with a high predictive power.

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Journal Info

Abbrev

IJOBER

Publisher

Subject

Economics, Econometrics & Finance

Description

Entrepreneurship education Government policy on entrepreneurship Entrepreneurship in ethnic enclaves Self-employment among immigrants Entrepreneurship among minority groups Indigenous entrepreneurship Gender and entrepreneurship Entrepreneurship in developing and transitional countries ...