Reaksi Pasar Modal Indonesia terhadap Peristiwa Kebijakan Kenaikan BI Rate, Lending Facility dan Deposit Facility selama Tahun 2013 (Event Study pada Saham Perbankan)

Sugiato, Lidya Monica (2014) Reaksi Pasar Modal Indonesia terhadap Peristiwa Kebijakan Kenaikan BI Rate, Lending Facility dan Deposit Facility selama Tahun 2013 (Event Study pada Saham Perbankan). Jurnal thesis, STIE YKPN.

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Abstract

The purpose of this research is to analyze differences in average abnormal return and average trading volume activity on banking stocks before and after the increase in interest rates (BI rate), lending facility and deposit facility during 2013. This research uses the event study method where the average abnormal return and the average trading volume activity were observed within 3 days before and after the event date. This research employs secondary data collected from Indonesia Stock Exchange that consist of stocks closing price of banking companies that were listed in the Indonesia Stock Exchange during 2013, Jakarta Composite Index, daily trading volume, and number of outstanding shares. The results show that, in general, there are differences in the response to the policy of rate increase (BI rate), lending facility, and deposit facility by the companies in the research population. The difference in the average abnormal return obtained from the results of analysis indicates the existence of different information content even though it is not significant. In addition, the test of average difference on Trading Volume Activity (TVA) shows that the difference in the average trading volume activity before and after the announcement issued by Bank Indonesia is statistically insignificant.

Item Type: Thesis (Jurnal)
Additional Information: Tesis dapat dibaca di Perpustakaan dengan call number SUG r 267/2014
Uncontrolled Keywords: abnormal return, trading volume activity, event study, BI rate, IHSG, lending facility, deposit facility
Divisions: Program Pasca Sarjana > Jurnal Tesis Magister Akuntansi
Depositing User: Pustakawan STIE YKPN
Date Deposited: 29 Jul 2019 08:01
Last Modified: 29 Jul 2019 08:01
URI: http://repository.stieykpn.ac.id/id/eprint/441

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