Institusion
Universitas Atma Jaya Yogyakarta
Author
RATUANAK, ANDREAS MARIA DAMASUS
Subject
E-Business
Datestamp
2015-09-30 08:11:17
Abstract :
Bank Indonesia Liquidity Support cannot be separated from the greater
monetary crisis in Indonesia, as a government policy to give a government
liquidity loan to a bank wich have a liquidity problem related with a rush wich
could not be fulfilled by the banks alone as an individual.
The information about the government policy to give a liquidity support to
the banks wich have a liquidity problem, for sure, can be the information to
influence the investor to invest at the banking sector in Jakarta Stock Exchange.
The objective of this research is to investigate the impact of government
policy about Bank Indonesia Liquidity Suport for abnormal return on market
reaction. The examination of market reaction of Bank Indonesia Liquidity Support
policy investigate 31 banks wich listing in Jakarta Stock Exchange of the periodes
behind the publication of the policy, use the even study with market adjusted
model. The result of this research show that any impact from the information
about government policy to give the Bank Indonesia Liquidity Support for
abnormal return of market reaction