Yohanes Eki Apriliawan

Regulatory shocks and supply chain heterogeneity: stock market reactions to the EU deforestation regulation on the Indonesian stock exchange

This study examines how EU Deforestation Regulation (EUDR) regulatory events affected abnormal equity returns of Indonesian Stock Exchange (IDX) firms and whether supply chain position, physical risk exposure and certification moderated the response. An event study covers six EUDR announcements (2023–2025),...