Open Access

Articles

ENERGY SECURITY AND NATIONAL RESILIENCE IN INDONESIA: A THEORETICAL AND POLICY ANALYSIS WITHIN THE GLOBAL ENERGY TRILEMMA FRAMEWORK

Arianto Prabowo, Miguel Alvarez (Author) ¹

Pages: 1-3 || Published: 2025-07-05

• Abstract

  Energy security has emerged as one of the most critical pillars of national resilience in the contemporary global system, particularly for developing and resource-dependent states. Indonesia, despite its historical status as an energy-rich country, has experienced a progressive erosion of its energy security position over the past two decades... More >

Open Access

Articles

ENERGY SECURITY, FISCAL CONSTRAINTS, AND THE POLITICAL ECONOMY OF RENEWABLE ENERGY TRANSITION IN INDONESIA

Dr. Ahmad Rizky Pratama, Dr. Kenji Tanaka (Author) ¹

Pages: 4-7 || Published: 2025-09-15

• Abstract

  Indonesia’s energy transition occupies a uniquely complex position within global debates on climate change mitigation, energy security, fiscal sustainability, and political economy. As the world’s fourth most populous country, a major coal producer, and an emerging middle-income economy, Indonesia faces a structural dilemma: the imperative to... More >

Open Access

Articles

FUTURE LABOR INCOME RISK, MULTIFACTOR ASSET PRICING, AND THE CROSS-SECTION OF EQUITY RETURNS: A COMPREHENSIVE REASSESSMENT

Alejandro M. Fernández, Sofia R. Conti, Lukas H. Weber (Author) ¹

Pages: 8-12 || Published: 2025-11-09

• Abstract

  Understanding the determinants of the cross-section of equity returns remains one of the most persistent and intellectually challenging problems in modern financial economics. Over several decades, researchers have proposed a wide range of theoretical explanations and empirical models to account for systematic variations in expected stock ret... More >

Open Access

Articles

HUMAN CAPITAL AS A MISSING RISK DIMENSION IN MULTIFACTOR ASSET PRICING: EVIDENCE, THEORY, AND METHODOLOGICAL EXTENSIONS FROM EMERGING MARKETS

Dr. Alejandro M. Ruiz (Author) ¹

Pages: 13-17 || Published: 2025-12-16

• Abstract

  Asset pricing theory has undergone a profound evolution over the past several decades, transitioning from the elegant simplicity of single-factor models toward increasingly sophisticated multifactor frameworks designed to capture the complex realities of financial markets. The Capital Asset Pricing Model established the foundational intuition... More >