Institute for Economic and Social Research – Faculty of Economics and Business – Universitas Indonesia

Conditional Capital Surplus and Shortfall across Renewable and Non-Renewable Resource Firms

Author: Denny Irawan, Tatsuyoshi Okimoto Executive Summary This study examines the conditional capital surplus and shortfall dynamics of renewable and non-renewable resource firms. 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 […]