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)

• Main Authors: , Noor Sagita Hersini, , Prof. Dr. Marwan Asri., MBA., Ph.D.
• Format: Theses and Dissertations NonPeerReviewed
• Published: [Yogyakarta] : Universitas Gadjah Mada 2013
• Subjects: ETD
• 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
• Institution: Universitas Gadjah Mada

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.