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Author

D. Lesmana

2 papers indexed here

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Open access Oct 2026

Navigating Trade Policy Shocks: The Stabilizing Effect of Tariff Policy on Global Utilities' Market Reactions

This study investigates how global stock markets respond to the announcement of tariff postponement on April 9, 2025, with a particular focus on the utilities sector. Using a sample of 367 utilities firms across 44 countries, the study employs an event study approach to examine cumulative abnormal returns (CARs) over...

Lusiana Desy Ariswati, Margareth Henrika, R. Aini et al. · 0 citations
Aug 2026

Trump Backs Down, Markets Soar? Tariff Surprises and Global Industrial Sector Responses

This study investigates how industrial firms’ stock prices responded to Trump's tariff postponement announcement on April 9, 2025, and examines the factors driving these reactions. It emphasizes variations across market types (developed, emerging, frontier), industries, firm size, and growth, highlighting the industria...

Muhammad Ramadhani Kesuma, Ellen D. Oktanti Irianto, Chandika Mahendra Widaryo et al. · 0 citations

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