The paper investigates the moderating effect of patriarchal attitudes by country and year on the relationship between gender diversity on boards and firm performance. The international sample analyzed is composed of 1,103 listed firms from 18 European countries for the period of 2005-2019. Using...

Im Dezember 2015 wurde in Paris ein neues Klimaabkommen verabschiedet. Im Wesentlichen gelang es, die länger als 20 Jahre währende strikte Trennung zwischen entwickelten (Annex I) und Entwicklungsländern (non-Annex I) aufzubrechen. Gleichzeitig fand in Paris ein Paradigmenwechsel statt: von...

This paper analyzes differences in target leverage and speed of adjustment across three life cycle stages of European listed firms: introduction, growth and maturity. We determine that profitability and tangibility are the most stable determinants, whereas growth opportunities and size exhibit...

This article contributes to the literature by indicating how certain monetary policies impact the compensation incentives of US managers to adopt riskier business policies. Specifically, based on the agency problems between shareholders and managers and between shareholders and creditors, a...

Several studies have examined the determinants of training in developing countries but only few have paid attention to the potential importance of international standards such as ISO 9000 or ISO 14000 on the firm's training decision. This paper examines training determinants using recent...

This paper proposes an innovative methodology based on the use of differences between percentiles to compute the scores and distances to failure of a specific firm or group of firms. This approach is based on significant differences between the group of failed firms and the population to which...

This paper contributes to the literature by indicating how the effect of monetary policies, such as interest rates, the zero lower bound (ZLB) and differential volatility between long-term and short-term interest rates, impact the incentives of firms' managers in the US in recent years and how...

This study contributes to identifying common distress patterns in financial indicators by sector and country in Finland, France, Germany, Italy, Portugal, and Spain as well as ex-post signals of reorganization success. We use PDFR that provides a distance-to-failure measure and allows us to...

Im Dezember 2015 wurde in Paris ein neues Klimaabkommen verabschiedet. Im Wesentlichen gelang es, die länger als 20 Jahre währende strikte Trennung zwischen entwickelten (Annex I) und Entwicklungsländern (non-Annex I) aufzubrechen. Gleichzeitig fand in Paris ein Paradigmenwechsel statt: von...