The Analysis of Market Reaction to Bank Indonesia Policy in Credit Sector
Abstract: Credit policy
implemented by Bank Indonesia is included in the published information (public
information) that affect
the prices of
securities of all companies listed on the stock market.
Bank Indonesia policy is said to contain information in
case of changes
in stock prices.
The purpose of
this research was to analyzing
the market reaction to Bank Indonesia
policy, which is seen from Abnormal
stock Return, include
CAR, AAR and
CAAR. Analysis tools used
in this research
include descriptive analysis,
normality testing and hypothesis testing.
The results of
this research show
there are 10
companies which have positively
significant to Bank Indonesia’s credit policy. While the other
3 companies have negatively significant to Bank
Indonesia’s credit policy.
Author: Abednego Priyatama,
Dr. Prihantoro
Journal Code: jpmanajemengg140129
