LIA SARI OKTARA
DOI: https://doi.org/This study examines the relationship between credit risk management, policy interest rates, loan interest rates, and share price volatility of issuers in the real estate developer and operator industry. The research employs quantitative methods and uses data from issuers listed on the Indonesia Stock Exchange during the 2018-2023 period. Multiple linear regression analysis is conducted to assess the influence of policy interest rates and loan interest rates on the share price volatility of H111 issuers, which are the largest issuers in the real estate developer and operator industry. The study also explores the role of credit risk management in the context of bank performance and interest rate determination. The results indicate a significant negative relationship between loan interest rates and share price volatility of H111 issuers, while the impact of policy interest rates is minimal. The findings highlight the importance of credit risk management in the banking sector, as poor management of credit risk is identified as a major cause of banking crises. The study contributes to the understanding of the interconnections between credit risk, interest rates, and stock market performance in the real estate industry, providing insights for investors, regulators, and industry players.
