DAMPAK PEMBERIAN BANTUAN LIKUIDITAS BANK INDONESIA TERHADAP PERUBAHAN HARGA SAHAM INDUSTRI PERBANKAN NASIONAL DI BURSA EFEK JAKARTA

Bank Indonesia Liquidity Support cannot be separated from the greater \nmonetary crisis in Indonesia, as a government policy to give a government \nliquidity loan to a bank wich have a liquidity problem related with a rush wich \ncould not be fulfilled by the banks alone as an individual. \nThe information about the government policy to give a liquidity support to \nthe banks wich have a liquidity problem, for sure, can be the information to \ninfluence the investor to invest at the banking sector in Jakarta Stock Exchange. \nThe objective of this research is to investigate the impact of government \npolicy about Bank Indonesia Liquidity Suport for abnormal return on market \nreaction. The examination of market reaction of Bank Indonesia Liquidity Support \npolicy investigate 31 banks wich listing in Jakarta Stock Exchange of the periodes \nbehind the publication of the policy, use the even study with market adjusted \nmodel. The result of this research show that any impact from the information \nabout government policy to give the Bank Indonesia Liquidity Support for \nabnormal return of market reaction