Lembaga Penyelidikan Ekonomi dan Masyarakat – Fakultas Ekonomi dan Bisnis – Universitas Indonesia

Author: Denny Irawan, Tatsuyoshi Okimoto Executive Summary This study examines the conditional capital surplus and shortfall dynamics of renewable and non-renewable resource ?rms. To this end, this study uses the systemic risk index by Brownlees & Engle (2017) and considers two conditional systemic events, namely, the stock market crash and the commodity price crash. The...
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