REAKSI PASAR TERHADAP KEBIJAKAN BANK INDONESIA TENTANG PEMBATASAN LOAN TO VALUE PADA KREDIT PEMILIKAN RUMAH ANALISIS SAHAM SEKTOR PERBANKAN DAN PROPERTI
| Main Authors: | , BENITA LENORA NATIDYA, , Su�ad Husnan, Dr., M.B.A. |
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| Format: | Thesis NonPeerReviewed |
| Terbitan: |
[Yogyakarta] : Universitas Gadjah Mada
, 2014
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| Subjects: | |
| Online Access: |
https://repository.ugm.ac.id/131656/ http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=72154 |
Daftar Isi:
- The main purpose of this research is to analyze the effect of public information related to monetary policy of loan to value restriction to mortgage loans by Bank Indonesia, to the banking and property stocks return on the event window. Event window of this research consists of pre-event dates (5 days before the public information was published), event date (the day when the public information was published) and post-event dates (5 dayes after the information was published). This research uses event study method to analyze if public information related to monetary policy of loan to value has value content and relevant to the investors which was measured by abnormal return. Result of this research shows that public infomration related to loan to value policy has value content and relevant to the investors in making decision because there is negative and significant abnormal return along the event windows.