he Indonesia Stock Exchange’s (IDX) plan to lower the minimum share price from Rp 50 (less than 1 US cent) to Rp 1 could finally allow the market to discover the true value of stocks long trapped at the price floor. But greater price flexibility comes with greater risk. As distressed “zombie companies” are exposed to market forces and stocks worth only a few rupiah become tradable, the reform could improve liquidity and price discovery while also…