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Primary Sector Volatility And Default Risk In Indonesia, David E. Allen, Ray R. Boffey, Akhmad R. Kramadibrata, Robert Powell, Abhay Singh
Primary Sector Volatility And Default Risk In Indonesia, David E. Allen, Ray R. Boffey, Akhmad R. Kramadibrata, Robert Powell, Abhay Singh
Research outputs 2013
The Indonesian market is a critical market to the South East Asian region, being that region’s largest economy. The primary sectors of the Indonesian economy, incorporating Agriculture and Mining, are of critical importance to the country, representing approximately one quarter of GDP and providing nearly 40% of the nation’s employment. Mining and Agriculture stock returns significantly outperformed the Indonesian Stock Exchange (IDX) composite index in the five years leading up to Global Financial Crisis (GFC), and experienced savage falls during the GFC. Against this background, we examine the market and credit risk of these sectors during the pre-GFC, GFC and …