Text
Demand atau Supply Shock Selama Krisis Covid-19: Pembuktian Empiris dari Perusahaan yang Tercatat di Bursa Efek Indonesia Periode Triwulan 1-2 Tahun 2019 & 2020
This study examines whether the characteristic of the Covid-19 crisis is a demand or supply shock according to the theory of impaired access to capital. Demand and supply shocks are two fundamental theories that explain cyclical economic fluctuations. From the financial perspective, supply shocks occur due to disruptions in credit market that subsequently decreases access to investment and employment. In contrast, demand shocks occur due to the loss of investment wealth, and/or decreasing demand for consumer credit, among other reasons that decreases firms? desires for investment funds. The results show that all firms have decreased their capital expenditure since the first quarter of 2020 and no a priori reasons can explain the variances in their decreasing capital expenditures. These reject the null hypotheses of the supply shock theory in explaining the economic fluctuations during the Covid-19 crisis. Additionally, the results show that control firms, those which are permitted operating during partial lockdown (PSBB), have experienced a decreasing capital expenditure as well.Ada Tabel
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| 12567 | PSB lt.2 - Karya Akhir | 1 |
| Penerbit | Depok: Program Studi Manajemen Fakultas Ekonomi dan Bisnis Universitas Indonesia 2020 |
|---|---|
| Edisi | - |
| Subjek | Economic crisis Bank loans Covid 19 Impaired Access to Capital |
| ISBN/ISSN | - |
| Klasifikasi | - |
| Deskripsi Fisik | x, 71 p. ; diagr. ; 30 cm |
| Info Detail Spesifik | - |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas | Tidak Ada Data |