This study examines the relationship between country-level corruption (proxied by the Corruption Perception Index, CPI) and firm performance (measured by Return on Assets, ROA) across 18,286 firms in the East Asia, South Asia, and Southeast Asia regions. Additionally, the moderating effects of...

Der Länderindex Familienunternehmen 2024 vergleicht zum zehnten Mal seit 2006 die Standortbedingungen für Familienunternehmen in den wichtigsten Industrieländern. Konzeptionell orientiert sich der Standortvergleich an den Faktoren, die für die Geschäftsmodelle großer Familienunternehmen...

The economic literature has long attributed non-zero expected excess returns in currency markets to time-varying risk premiums demanded by risk-averse investors. This paper, building on Bacchetta and van Wincoop's (2021) portfolio balance framework, shows that such returns can also arise when...

Purpose The paper aims to investigate the effect of GDP growth on crime and to test the hypothesis of nonlinearity. Additionally, we estimate the interaction between GDP and income inequality and examine its impact on the relationship between GDP and homicide rates. Design/methodology/approach...

The present article is an introduction to the special issue of the PSL Quarterly Review organized by José Luis Oreiro (University of Brasília) and Giulio Guarini (Tuscia University) with a selection of the best articles presented in the IV International Workshop of the Structualist Development...

This study examines the out-of-sample predictability of expected skewness of oil price returns, which serves as a metric for global future risks, as we show statistically through the association with crises of different nature, for stock returns of 10 (8 advanced plus two emerging) countries...

The period after the Global Financial Crisis (GFC) was characterized by a considerable risk migration within global liquidity flows, away from cross-border bank lending towards international bond issuance. We show that the post-GFC shifts in the risk sensitivities of global liquidity flows are...

After earlier strategies for Denmark's development cooperation from 1993, 2000, 2010, 2012 and 2017, the latest strategy, The World We Share, from 2021 now expires, and a new is accordingly(?) needed. The parliament will start negotiating the strategy in May 2025. One may fear that it will be in...