The issue of clearly defining green finance is not a secondary one. On the contrary, it is central to the debate surrounding the future of the market. In this respect, this chapter provides an assessment of the questions linked to the lack of a clear definition of green finance and of the risk...

We investigate whether inclusion and permanence in the domini social index (DSI) affects corporate performance on a sample of around 1000 firms in a 13-year interval by controlling for size, industry, business cycle and time invariant firm idiosyncratic characteristics. Our results find partial...

Recent theoretical contributions show that geographical proximity, by increasing the payoff from free-riding on knowledge accumulation, may reduce the relative profitability of individual R&D activity vis-a-vis imitation and other alternative forms of technological innovation which exploit more...

This article investigates the reaction of the Federal Reserve to developments in the stock market. The issue is analysed by first constructing an Index of Stock Price Misalignment (ISPM) in which the fundamental value of the stocks is computed on the basis of the discounted cash flow approach...

By assuming that fundamentals matter, this article builds a discounted cash flow (DCF) model (which is assumed to be commonly used by fundamentalists) where the determination of the fundamental is affected by variables proxying for the unobserved firm quality and for the value of its real option...