DAMPAK IMPLEMENTASI KEBIJAKAN BANK INDONESIA DALAM PEMBATASAN LOAN TO VALUE PADA KREDIT PEMILIKAN RUMAH DAN KREDIT KENDARAAN BERMOTOR BAGI SAHAM-SAHAM PERBANKAN DI BURSA EFEK INDONESIA (BEI)
The main purpose of this research is to analyze the effect of policy implementation by Bank Indonesia on loan to value restriction to mortgages and vehicle loans on June 15, 2012 to the banking stock return, measured by abnormal return. Data on this research is secondary data collected from Indonesi...
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| Main Authors: | , |
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| Format: | Theses and Dissertations NonPeerReviewed |
| Published: |
[Yogyakarta] : Universitas Gadjah Mada
2013
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| Subjects: | |
| Online Access: | https://repository.ugm.ac.id/125630/ http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=65799 |
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| Institution: | Universitas Gadjah Mada |
| Summary: | The main purpose of this research is to analyze the effect of policy implementation
by Bank Indonesia on loan to value restriction to mortgages and vehicle loans on
June 15, 2012 to the banking stock return, measured by abnormal return.
Data on this research is secondary data collected from Indonesian Stock
Exchange (www.idx.co.id). The sample is stock from 8 national banks that focuses
on consumer lending segment represented by Bank Central Asia (BBCA), Bank
Negara Indonesia (BBNI), Bank Rakyat Indonesia (BBRI), Bank Tabungan
Negara (BBTN), Bank CIMB Niaga (BNGA), Bank International Indonesia
(BNII), Bank Permata (BNLI), and Bank Pan Indonesia (PNBN). Event study
analysis is used to analyse the information content from the announcement, in
combination with abnormal return as measurement indicator.
This study finds that the policy implementation has no information content
because there is no significant difference between the average abnormal return
before and after the event. |
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